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Amazon Could Sell Off on Smartphone Introduction
The stock is likely to decline in the absence of a blockbuster product.
Michael Comeau    

This article was originally posted on the Buzz & Banter, where subscribers can follow over 30 professional traders as they share their ideas in real time. Want access to the Buzz plus unlimited market commentary? Click here to learn more about MVPRO+.

Fast-money traders should put Amazon.com (NASDAQ:AMZN) on their watch lists today.

Amazon is trading up about 1.8% this morning in advance of today's launch event, at which it is widely expected to unveil its first smartphone.

But the bullish action is at least partly coming from shipping giant FedEx (NYSE:FDX), which noted solid demand from e-commerce.

Meanwhile, there are a lot of potential obstacles to a hit Amazon smartphone, like limited app availability and AT&T (NYSE:T) exclusivity.

The broader action in tech isn't particularly encouraging either.

The Nasdaq (INDEXNASDAQ:.IXIC) is slightly negative, and tech subsectors like biotech and social media are failing to impress, so Amazon may not be able to hold its gains in the absence of a blockbuster product.

Remember, the smartphone market is slowing and putting big-time pressure on giants like Samsung (OTCMKTS:SSNLF) and HTC (OTCMKTS:HTCXF). Odds are it's going to take something really big for Amazon to succeed.

I'll issue updates on the Buzz & Banter [subscription required] later this afternoon as the product is rolled out.

The event kicks off at 10:30 a.m. PT, or 1:30 p.m. ET.

Twitter: @MichaelComeau

Follow the markets all day every day with a FREE 14 day trial to Buzz & Banter. Over 30 professional traders share their ideas in real-time. Learn more.
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No positions in stocks mentioned.
The information on this website solely reflects the analysis of or opinion about the performance of securities and financial markets by the writers whose articles appear on the site. The views expressed by the writers are not necessarily the views of Minyanville Media, Inc. or members of its management. Nothing contained on the website is intended to constitute a recommendation or advice addressed to an individual investor or category of investors to purchase, sell or hold any security, or to take any action with respect to the prospective movement of the securities markets or to solicit the purchase or sale of any security. Any investment decisions must be made by the reader either individually or in consultation with his or her investment professional. Minyanville writers and staff may trade or hold positions in securities that are discussed in articles appearing on the website. Writers of articles are required to disclose whether they have a position in any stock or fund discussed in an article, but are not permitted to disclose the size or direction of the position. Nothing on this website is intended to solicit business of any kind for a writer's business or fund. Minyanville management and staff as well as contributing writers will not respond to emails or other communications requesting investment advice.

Copyright 2011 Minyanville Media, Inc. All Rights Reserved.
Amazon Could Sell Off on Smartphone Introduction
The stock is likely to decline in the absence of a blockbuster product.
Michael Comeau    

This article was originally posted on the Buzz & Banter, where subscribers can follow over 30 professional traders as they share their ideas in real time. Want access to the Buzz plus unlimited market commentary? Click here to learn more about MVPRO+.

Fast-money traders should put Amazon.com (NASDAQ:AMZN) on their watch lists today.

Amazon is trading up about 1.8% this morning in advance of today's launch event, at which it is widely expected to unveil its first smartphone.

But the bullish action is at least partly coming from shipping giant FedEx (NYSE:FDX), which noted solid demand from e-commerce.

Meanwhile, there are a lot of potential obstacles to a hit Amazon smartphone, like limited app availability and AT&T (NYSE:T) exclusivity.

The broader action in tech isn't particularly encouraging either.

The Nasdaq (INDEXNASDAQ:.IXIC) is slightly negative, and tech subsectors like biotech and social media are failing to impress, so Amazon may not be able to hold its gains in the absence of a blockbuster product.

Remember, the smartphone market is slowing and putting big-time pressure on giants like Samsung (OTCMKTS:SSNLF) and HTC (OTCMKTS:HTCXF). Odds are it's going to take something really big for Amazon to succeed.

I'll issue updates on the Buzz & Banter [subscription required] later this afternoon as the product is rolled out.

The event kicks off at 10:30 a.m. PT, or 1:30 p.m. ET.

Twitter: @MichaelComeau

Follow the markets all day every day with a FREE 14 day trial to Buzz & Banter. Over 30 professional traders share their ideas in real-time. Learn more.
< Previous
  • 1
Next >
No positions in stocks mentioned.
The information on this website solely reflects the analysis of or opinion about the performance of securities and financial markets by the writers whose articles appear on the site. The views expressed by the writers are not necessarily the views of Minyanville Media, Inc. or members of its management. Nothing contained on the website is intended to constitute a recommendation or advice addressed to an individual investor or category of investors to purchase, sell or hold any security, or to take any action with respect to the prospective movement of the securities markets or to solicit the purchase or sale of any security. Any investment decisions must be made by the reader either individually or in consultation with his or her investment professional. Minyanville writers and staff may trade or hold positions in securities that are discussed in articles appearing on the website. Writers of articles are required to disclose whether they have a position in any stock or fund discussed in an article, but are not permitted to disclose the size or direction of the position. Nothing on this website is intended to solicit business of any kind for a writer's business or fund. Minyanville management and staff as well as contributing writers will not respond to emails or other communications requesting investment advice.

Copyright 2011 Minyanville Media, Inc. All Rights Reserved.
More From Michael Comeau
Amazon Could Sell Off on Smartphone Introduction
The stock is likely to decline in the absence of a blockbuster product.
Michael Comeau    

This article was originally posted on the Buzz & Banter, where subscribers can follow over 30 professional traders as they share their ideas in real time. Want access to the Buzz plus unlimited market commentary? Click here to learn more about MVPRO+.

Fast-money traders should put Amazon.com (NASDAQ:AMZN) on their watch lists today.

Amazon is trading up about 1.8% this morning in advance of today's launch event, at which it is widely expected to unveil its first smartphone.

But the bullish action is at least partly coming from shipping giant FedEx (NYSE:FDX), which noted solid demand from e-commerce.

Meanwhile, there are a lot of potential obstacles to a hit Amazon smartphone, like limited app availability and AT&T (NYSE:T) exclusivity.

The broader action in tech isn't particularly encouraging either.

The Nasdaq (INDEXNASDAQ:.IXIC) is slightly negative, and tech subsectors like biotech and social media are failing to impress, so Amazon may not be able to hold its gains in the absence of a blockbuster product.

Remember, the smartphone market is slowing and putting big-time pressure on giants like Samsung (OTCMKTS:SSNLF) and HTC (OTCMKTS:HTCXF). Odds are it's going to take something really big for Amazon to succeed.

I'll issue updates on the Buzz & Banter [subscription required] later this afternoon as the product is rolled out.

The event kicks off at 10:30 a.m. PT, or 1:30 p.m. ET.

Twitter: @MichaelComeau

Follow the markets all day every day with a FREE 14 day trial to Buzz & Banter. Over 30 professional traders share their ideas in real-time. Learn more.
< Previous
  • 1
Next >
No positions in stocks mentioned.
The information on this website solely reflects the analysis of or opinion about the performance of securities and financial markets by the writers whose articles appear on the site. The views expressed by the writers are not necessarily the views of Minyanville Media, Inc. or members of its management. Nothing contained on the website is intended to constitute a recommendation or advice addressed to an individual investor or category of investors to purchase, sell or hold any security, or to take any action with respect to the prospective movement of the securities markets or to solicit the purchase or sale of any security. Any investment decisions must be made by the reader either individually or in consultation with his or her investment professional. Minyanville writers and staff may trade or hold positions in securities that are discussed in articles appearing on the website. Writers of articles are required to disclose whether they have a position in any stock or fund discussed in an article, but are not permitted to disclose the size or direction of the position. Nothing on this website is intended to solicit business of any kind for a writer's business or fund. Minyanville management and staff as well as contributing writers will not respond to emails or other communications requesting investment advice.

Copyright 2011 Minyanville Media, Inc. All Rights Reserved.
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