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U.S. Day Ahead: SAC Under Fire; Amazon retreats

Thursday, July 25, 2013 - 02:28

July 25 - A look at top stories in the U.S. for the day ahead including a pre-trial hearing for SAC after a criminal indictment and reaction to Amazon's earnings miss.

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Friday's about next steps are as easy and whether tech stocks can keep the momentum going. And -- nonstop on post market after the online retailer reported an unexpected loss of two cents a share. They need your reaction suggests Amazon won't break -- -- habit of falling today after results. The stock dropped close to 6% after missing fourth quarter estimates in January and more than -- percent in late April. Even though it -- first quarter profit forecasts. And although stocks more than 90% so far this year. Thomson Reuters -- -- says the market has it wrong it says add on is only worth 38 dollars and nineteen cents a share. That's just 12% of what's what it's treating that now. ANG capital Hilary Kramer and Amazon shareholder says shorten reaction could be severe. The streets disappointed with revenues so the stock could fall into the mid 200 in the near future. Over the long term though she says Amazon's a winner. And number two does the face fervor have legs. After posting profits and sales that topped forecasts shares plot their biggest gain on record. Closing at 34 dollars and 36 cents a level not seen since Facebook's first week on the market. Next stop -- 38 dollar IPO price according eight brokerages who pushed their price targets two or above that level. Not surprisingly. Underwriters Goldman Sachs and JPMorgan are at high end of forecasts. To get to that magic 38 dollars as impressive at number is an all time I engagement will have to hold that the stock's going to move higher on Friday. Your top story the fallout from -- charges against Stephen Collins and safety capital. A pretrial conference is scheduled for 10 AM Friday in lower Manhattan in front of the US district court judge. If statement the aren't that it will continue to operate as it works through the criminal court. However according to Reuters many Wall Street firms that and that critical money for at safety to trade are likely to stop because of the charges. In Stamford Steve Cohen and company may be holding their breath until August 14 that's the next state clients can pull their money. You can follow us on Twitter or more as if the update a Reuters Insider and watch more videos and Reuters dot com slash Reuters TV and I'm -- not bad this is writers.

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U.S. Day Ahead: SAC Under Fire; Amazon retreats

Thursday, July 25, 2013 - 02:28