The Zacks Analyst Blog Highlights: Amazon.com, Netflix, Apple, eBay and Google
CHICAGO, Dec. 24, 2012
CHICAGO, Dec. 24, 2012 /PRNewswire/ -- Zacks.com announces the list of stocks
featured in the Analyst Blog. Every day the Zacks Equity Research analysts
discuss the latest news and events impacting stocks and the financial markets.
Stocks recently featured in the blog include Amazon.com Inc. (Nasdaq:AMZN),
Netflix Inc (Nasdaq:NFLX), Apple Inc. (Nasdaq:AAPL), eBay Inc. (Nasdaq:EBAY)
and Google (Nasdaq:GOOG).
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from the Pros newsletter: http://at.zacks.com/?id=5513
Here are highlights from Friday's Analyst Blog:
Amazon Studios to Produce Comedies
Amazon.com Inc. (Nasdaq:AMZN) announced that its film production division,
Amazon Studios plans to produce pilots for six original comedy series,
including shows from the Onion Doonesbury and Daily Show written by David
These include Alpha House, a series featuring four senators who live together
in a rented house in Washington DC; Browsers, a musical comedy show; Dark
Minions, an animated series about two slackers; The Onion Presents: The News,
Supanatural, and a comedy about three juveniles, Those Who Can't.
Management stated that the pilots will be available on the Amazon Instant
Video streaming service where viewers can watch them free of cost. Amazon
Studios will take a call on which shows to produce going forward depending on
Amazon Instant Video is a digital video streaming and download service that
lets users rent, buy or subscribe to a range of video content. These pilots
will further extend the archive of comedy shows on Amazon's video streaming
library, making it a significant force in the video streaming segment and
increasing competition for Netflix Inc (Nasdaq:NFLX) and Apple Inc.
The completed pilots will be exclusively available to Prime members through
Prime Instant Video and Lovefilm in the U.K, for no additional cost. Lovefilm
is Amazon's European DVD and streaming movie service, which has almost 2
We believe that the availability of these shows will bring in more viewers for
Amazon Prime and drive sales of Amazon's digital content. In fact, many
technology companies are getting into content production, including Hulu and
Netflix, in order to reduce their reliance on traditional media companies.
Amazon has been working on this for a while now but these shows are the first
to go into production. We believe these efforts will bring in millions of
dollars and help the company to increase its market share.
Amazon is one of the leading players in an extremely fast-growing market. In
the third quarter, Amazon's revenue of $13.81 billion was better than the
guidance and in line with consensus expectations. Management attributed the
increase in revenue to the growing consumption of digital content across
different categories owing to the advantageous value proposition Amazon was
able to provide to its customers.
Amazon currently retains a Zacks #3 Rank (Hold). Amazon's competitors (whether
direct or indirect) are eBay Inc. (Nasdaq:EBAY), which retains a Zacks #2
Rank(Buy) and Google (Nasdaq:GOOG), which carries a Zacks #3 Rank (Hold).
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