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Stocks Alert: Amazon.com, Inc. (NASDAQ:AMZN), Sabre Corp (NASDAQ:SABR), Micron Technology, Inc. (NASDAQ:MU), Bank of America Corp (NYSE:BAC)

Stocks Alert: Amazon.com, Inc. (NASDAQ:AMZN), Sabre Corp (NASDAQ:SABR), Micron Technology, Inc. (NASDAQ:MU), Bank of America Corp (NYSE:BAC)
Written by
Joel Najarian
Published on
October 27, 2014
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Amazon.com, Inc. (NASDAQ:AMZN) shares are little changed Monday as the online commerce giant and tech gadget firm rolls out its Fire TV Stick, a $39 video-streaming HDMI device that goes up against Google's (GOOGL, GOOG) $35 Chromecast and Roku's $50 Streaming Stick. Fire TV Stick comes with a remote, and includes a processor and memory that should be able to deliver a smoother user experience than the others, the company argues. Amazon is including a system that predicts what viewers watch next called Advanced Streaming and Prediction -- or ASAP. Users can project whatever is on the screen of a Fire tablet, Fire phone or Miracast-enabled tablet, including many newer models by such brands as Motorola (MSI), Samsung and Microsoft (MSFT). Amazon.com, Inc. (NASDAQ:AMZN) traded as low as $2854.04 in Monday's session and is nearing a test of its $284 52-week low.Sabre Corp (NASDAQ:SABR) shares edged lower Monday after the technology provider to the travel and tourism industry said it signed a new multi-year agreement with South African Airways to make all of the carrier's fares and inventory available in the Sabre travel marketplace and to Sabre travel agencies. "We have a long and successful partnership with South African Airways to market and sell their products and services, and to support their expansion and growth in new markets," said Greg Webb, president of Sabre Travel Network. "South Africa is an important new market for Sabre Corp (NASDAQ:SABR) and we are especially pleased to renew our agreement at a time we are seeing strong interest from the industry." SABR shares were off 0.6% at $16.81 in recent trade, moving within a 52-week range of $14.86 - $20.91.Micron Technology, Inc. (NASDAQ:MU) advanced Monday after the memory-chip manufacturer unveiled a $1 billion stock buyback program. The share-repurchases reflect yet another "avenue to return excess capital to investors and enhance long-term shareholder value," Chief Financial Officer Ron Foster said in prepared remarks. Micron Technology, Inc. (NASDAQ:MU) previously spent about $389 million during its fiscal Q1 to buy down a convertible debt offering. MU shares were up about 3.7% at $32.20 each in mid-day trade, easing from a session high of $32.29 a share. The stock has traded within a 52-week range of $16.30 to $34.85 a share, rising nearly 84% over the past 12 months prior to Monday's gain.Bank of America Corp (NYSE:BAC) shares slip Monday amid lower trade for much of the financial sector, dented also amid a fine for its Merrill Lynch unit. The Financial Industry Regulatory Authority said it fined two Merrill Lynch groups a combined $6 million and censured the firms in a settlement of allegations that they violated rules that govern short sales and prevent naked short selling. The regulator said Merrill Lynch Professional Clearing Corp. was fined $3.5 million while affiliated broker-dealer, Merrill Lynch, Pierce, Fenner & Smith Inc. was fined $2.5 million. Bank of America Corp (NYSE:BAC) shares are moving between $13.80 and $18.03 over the past 52 weeks.

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