Author Archives: Scalper1

Amazon Cloud Capital Expenditure Will Really Fall

In a research note Wednesday, Credit Suisse analyst Stephen Ju reiterated his belief that Amazon’s (AMZN) cloud computing business will burn through less cash while growing, expanding on his thinking. Ju writes that growth for cloud division Amazon Web Services (AWS) has dropped below 100% — and capital expenditures are falling already. Even if he’s wrong, Ju writes, that would make the investment bank’s AWS usage and revenue estimates incorrect,

Oracle Investors Need Patience To ‘Defrost Sentiment’

Two weeks after upgrading Oracle (ORCL) to a buy rating with a 44 price target, despite investors’ “terrible” sentiment toward the software giant’s slow growth, investment banker Evercore ISI is encouraging investors to be patient. “Defrosting sentiment takes time,” wrote Evercore ISI analyst Kirk Materne in a research note issued Tuesday night after the market close. Indeed, Oracle stock was down nearly 4% to 33.25 in afternoon trading in the stock

Cree Bucks Wall Street Ache On Q2 EPS Beat

Cree (CREE) stock outmaneuvered Wall Street’s slump Wednesday after the LED lighting maker reported a 6-cent fiscal-second-quarter earnings beat. In early trading on the stock market today, Cree shares surged as much as 9% before settling to be up nearly 4.5% midday. Key rival Veeco (VECO), was up a fraction midday, outperforming the Nasdaq and Dow Jones industrial average which each fell more than 2.5%. For its fiscal Q2 ended Dec. 27, Cree