Benchmark Downgrades Dish Network (DISH) to Hold, 'Broad Denials on any Amazon Prime Wireless Deal'

S&P 500 flat as Apple eases from record after developer conference gets underway

June 5, 2023 2:30 PM EDT

Investing.com -- The S&P 500 was flat Monday, as Apple gave up some gains after hitting an intraday record high as the tech giant got its developer conference underway.

The S&P 500 was flat, the Dow Jones Industrial Average was down 0.4%, or 120 points lower, and the Nasdaq gained 0.2%.

Apple (NASDAQ: AAPL) gave up some gains since hitting an intraday record, but remained supported ahead of an eagerly anticipated release of its... More

Midday movers: Apple, Palo Alto Networks, Chevron and more

June 5, 2023 1:55 PM EDT

Investing.com -- Stocks are mixed on Monday as investors look ahead to next week's Federal Reserve interest rate decision. Here are the market movers for June 5.

Apple Inc (NASDAQ: AAPL) shares rose 1.9% ahead of the start... More

Palo Alto Networks (PANW) gains on S&P 500 inclusion; New Top Pick at Wolfe

June 5, 2023 9:27 AM EDT

Palo Alto Networks (NASDAQ: PANW) shares trade over 4% higher on Monday after S&P Dow Jones Indices announced the cybersecurity stock will replace DISH Network Corp. (NASDAQ: DISH) in the S&P 500.

The new changes will be effective prior to the market... More

Apple, Palo Alto, ExxonMobil rise premarket; Target falls

June 5, 2023 7:58 AM EDT

Investing.com -- Stocks in focus in premarket trade on Monday, June 5th. Please refresh for updates.

Apple (NASDAQ: AAPL) stock rose 0.8%, with the tech giant expected to unveil a new "mixed... More

Palo Alto Networks (PANW) jumps 5% on S&P 500 nod, analyst pump

June 5, 2023 7:20 AM EDT

Palo Alto Networks (NASDAQ: PANW) shares gained 4.6% in pre-open Monday trading following the announcement late Friday that it will be added to the S&P 500 and bullish analyst comments.

Palo Alto Networks Inc. will replace DISH Network Corp. (NASDAQ:... More

Amazon (AMZN) entering US mobile 'a significant negative' for incumbent telcos - Wells Fargo

June 5, 2023 6:13 AM EDT

Wells Fargo analyst Eric Luebchow: "A potential entry from Amazon into the wireless space to directly sell wireless services would be a significant negative for the incumbent telcos (VZ, T, TMUS), although details are limited, and it remains unclear how real the AMZN threat will be."

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'Not obvious' what Amazon (AMZN) is trying to do with the US mobile offering via Prime - BofA

June 5, 2023 6:09 AM EDT

BofA analyst David Barden: "A stapled product, whereby DISH owns the retail wireless relationship but Amazon perhaps, on the strength of the DISH MVNO deals, bundles it with Prime could make sense, for DISH. For Amazon, the benefits are less clear. In our conversations with investors, Amazons story at... More

Potential Amazon (AMZN) entry into mobile a 'game changer' - BofA

June 5, 2023 6:07 AM EDT

BofA analyst David Wright on Amazon (NASDAQ: AMZN) is negotiating wholesale access with carriers to sell/subsidise mobile data as part of its Prime membership: "

Competitive wholesale plus subsidisation could mean lower-cost data = price deflation. And Amazon does not have the expensive retail... More

Palo Alto Networks (PANW) option implied volatility near low end of range

June 5, 2023 5:13 AM EDT

Palo Alto Networks (NASDAQ: PANW) 30-day option implied volatility at 31; compared to its 52-week range of 28 to 55 into replacing DISH Network Corp. (NASDAQ: DISH) in the S&P 500.

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DISH Network (DISH) option IV above 100

June 5, 2023 5:02 AM EDT

DISH Network (NASDAQ: DISH) 30-day option implied volatility is at 103; compared to its 52-week range of 48 to 123.

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Palo Alto Networks (PANW) to join S&P 500

June 2, 2023 5:34 PM EDT

Palo Alto Networks Inc. (NASDAQ: PANW) will replace DISH Network Corp. (NASDAQ: DISH) in the S&P 500, and DISH Network will replace Cutera Inc. (NASDAQ: CUTR) in the S&P SmallCap 600.

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JPMorgan Defending T-Mobile (TMUS): 'TMUS is the stock we are most comfortable defending here'

June 2, 2023 11:55 AM EDT

JPMorgan Defending T-Mobile (NASDAQ: TMUS): 'TMUS is the stock we are most comfortable defending here'

Analyst Philip Cusick comments "Bloomberg this morning reported that Amazon (covered by Doug Anmuth) is talking to Dish and carriers about a potential deal where it would offer wireless... More

Amazon (AMZN) doesn't have plans to add wireless services at this time, spokesperson says

June 2, 2023 9:42 AM EDT

An Amazon (NASDAQ: AMZN) spokesperson said the company doesn't have plans to add wireless services at this time, Reuters reported.

Earlier, Bloomberg News reported that Amazon is in talks to offer low-cost or even free nationwide mobile phone service to Prime... More

DISH Network (DISH) 30-day option implied volatility at 91

June 2, 2023 9:10 AM EDT

DISH Network (NASDAQ: DISH) 30-day option implied volatility is at 91; compared to its 52-week range of 48 to 123 following a report Amazon (AMZN) is in talks to offer mobile service to US Prime members.

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US telecom companies say not in talks with Amazon for wireless services

June 2, 2023 9:06 AM EDT

(Reuters) -

Major U.S. wireless carriers on Friday said they not in talks with Amazon.com Inc to offer low-cost wireless services to its Prime members.

Wireless shares fell Friday after Bloomberg News reported that Amazon was negotiating to get the lowest possible wholesale prices and could offer wireless plans for $10 a month or lower to Prime members through the partnerships, including a possible tie-up with Dish Network.

"We are always exploring adding even more benefits for Prime members, but don't have plans to add wireless at this time," an Amazon spokesperson said in response to a... More

Telecom stocks tumble on report Amazon is in talks to offer mobile service to US Prime subs

June 2, 2023 8:56 AM EDT

Amazon (NASDAQ: AMZN) is in talks to offer low-cost or even free nationwide mobile phone service to Prime subscribers, according to Bloomberg News.

Amazon stock gained 1.5% on the report while shares of telecom companies like AT&T (NYSE: T) and... More

DISH Network (DISH) gains 10% as Amazon said to offer mobile services to U.S. prime members

June 2, 2023 8:32 AM EDT

DISH Network (DISH) gains 10% as Amazon (NASDAQ: AMZN) is said to offer mobile services to U.S. prime members:

DISH is rumored to be the provider... More

AT&T (T), Verizon (VZ) T-Mobile (TMUS) Lower Following Report Amazon (AMZN) Is In Talks To Offer Mobile Service To US Prime Members

June 2, 2023 8:28 AM EDT

AT&T (NYSE: T), Verizon (NYSE: VZ) T-Mobile (NASDAQ: TMUS) Lower Following Report Amazon (AMZN) Is In Talks To Offer Mobile Service To US Prime Members

DISH Network (NASDAQ: DISH) Gains
... More

Amazon (AMZN) Is In Talks To Offer Mobile Service To US Prime Members - Bloomberg

June 2, 2023 8:26 AM EDT

Amazon Is In Talks To Offer Mobile Service To US Prime Members - Bloomberg

... More