Dallas, TX -- (ReleaseWire) -- 07/17/2008 -- Today’s TraderNotes include: Amazon.com Inc. (Nasdaq:AMZN), The Charles Schwab Corp. (Nasdaq: SCHW), UAL Corp. (Nasdaq: UAUA), Huntington Bancshares Inc. (Nasdaq: HBAN), RF Micro Devices Inc. (Nasdaq: RFMD), Citizens Republic Bancorp Inc. (Nasdaq: CRBC), Plug Power Inc. (Nasdaq: PLUG) and Smith & Wesson Holding Corp. (Nasdaq: SWHC).
“Amazon.com Inc. (AMZN) shares slipped nearly 3% to $69.97 Thursday mid-day. Amazon operates retail Web sites, as well as provides programs that enable third parties to sell their products on its Web sites in North America and internationally...
“According to The New York Times, Amazon will introduce a new online store of TV shows and movies today, called Amazon Video on Demand…
“Amazon Video on Demand will be accessible to a limited number of invited Amazon customers Thursday before it opens more broadly to other users later this summer....”
“The Charles Schwab Corp. (SCHW) shares slightly rose Thursday, moving to $22.02. Schwab, through its subsidiaries, provides securities brokerage, banking, and related financial services to individual and institutional investors primarily in the United States, the United Kingdom and Hong Kong…
“Schwab recently said it earned $295 million, or 26 cents per share, for the quarter ended June 30, compared with net income of $292 million, or 23 cents per share, in last year's second quarter. According to the company, stronger fees and trading levels helped drive second-quarter profit growth despite choppy market conditions…”
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Beacon Equity Research Disclosure
The analysts contributing to this report do not hold any shares of Amazon.com Inc. (Nasdaq:AMZN). Additionally, the analysts contributing to this report certify that the views expressed herein accurately reflect the analysts' personal views as to the subject securities and issuers. The analyst(s) writing this report recognize and aspire to all of the CFA Institute Guidelines for Independent Research. Beacon Equity Research (“Beacon”) certifies that no part of the analysts' compensation was, is, or will be, directly or indirectly, related to the specific recommendation or views expressed by the analysts in the report. This report is based on data obtained from sources we believe to be reliable, but is not guaranteed as to accuracy and does not purport to be complete. As such, the report should not be construed as advice designed to meet the particular investment needs of any investor. Any opinions expressed herein are subject to change.