This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Netflix, Amazon, Apple: Tech Premarket

NEW YORK ( TheStreet) -- Netflix (NFLX - Get Report) shares dipped 0.17% to $86.50 in premarket trading on Wednesday as investors continued to digest the company's content deal with Disney (DIS - Get Report).

Shares of Netflix closed up 14.01% on Tuesday after the two companies announced the multi-year licensing agreement. Under the terms of the deal, Netflix becomes the exclusive U.S. subscription TV service for first-run Disney live-action and animated feature films.

Amazon (AMZN - Get Report) shares gained 0.2% to $252.99 on Wednesday after rising 0.86% during Tuesday's trading.

Evercore Partners raised its Amazon price target to $290 from $270 on Wednesday, citing "favorable" intra-quarter trends. These include upbeat commentary on Amazon's holiday performance at Tuesday's Think Commerce Global Summit event, positive "Cyber" shopping holiday performance and encouraging takeaways from the recent Amazon Web Services conference, according to Evercore's Ken Sena.

Apple (AAPL - Get Report), however, was a loser before market open, slipping 0.9% to $570.65. The iPhone maker's shares closed down 1.76% on Tuesday.

Investors will be closely watching Pandora (P - Get Report) on Wednesday. Pandora's shares plunged in extended trading on Tuesday after the Internet media company delivered a downbeat fourth-quarter forecast.

--Written by James Rogers in New York.

>To submit a news tip, send an email to: tips@thestreet.com.

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
SYM TRADE IT LAST %CHG
AAPL $125.01 -0.63%
AMZN $419.10 -0.50%
DIS $109.72 -0.98%
NFLX $560.54 -0.89%
P $17.99 0.62%

Markets

DOW 17,841.98 -86.22 -0.48%
S&P 500 2,080.15 -9.31 -0.45%
NASDAQ 4,919.6440 -19.6830 -0.40%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs