Investors have to throw valuation out the window when evaluating a growth stock such as Amazon.com, Rosecliff Captial's Mike Murphy says.
Amazon shares are down after reporting a loss of 2 cents a share, falling well short of expectations. Jordan Rohan, Stifel Nicolaus, explains why Stifel is maintaining a price target of $335.
The Nasdaq is at a 12.5-year high, reports CNBC's Seema Mody. Netflix shares trade at their highest level since August of 2011, and Amazon hits a record high.
In an interview with "V Magazine," Prince says he doesn't own a cell phone, and the New York Times reports that Amazon is cutting back on book discounts. CNBC's Jon Fortt and Kayla Tausche discuss.
Amazon.com is testing out a new grocery service called Amazon Fresh in Seattle, and the company now plans to expand to 20 other urban areas. NBC’s Brian Williams reports.
A box from Amazon.com is pictured on the porch of a house in Golden, Colorado July 23, 2008.REUTERS/Rick Wilking
A zoomed image of a computer screen showing the Amazon logo is seen in Vienna in this November 26, 2012, file photo. Amazon.com Inc reported a second-quarter net loss and issued cautious third-quarter forecasts on July 25, 2013, pressuring shares of the world's largest Internet retailer. REUTERS/Hei
A box from Amazon.com is pictured on the porch of a house in Golden, Colorado July 23, 2008. REUTERS/Rick Wilking
A box from Amazon.com is pictured on the porch of a house in Golden, Colorado in this July 23, 2008, file photo.