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The Zacks Analyst Blog Highlights:Amazon.com, Google, Best Buy, Apple and eBay

CHICAGO, March 20, 2014 /PRNewswire/ -- Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include the Amazon.com, Inc. (Nasdaq:AMZN-Free Report), Google (Nasdaq:GOOG-Free Report), Best Buy (NYSE:BBY-Free Report), Apple Inc. (Nasdaq:AAPL-Free Report), and eBay (Nasdaq:EBAY-Free Report).

Zacks Investment Research, Inc., www.zacks.com.

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Here are highlights from Wednesday's Analyst Blog:

Amazon to Launch Internet TV

E-Commerce giant Amazon.com, Inc. (Nasdaq:AMZN-Free Report) plans to launch a video streaming device in April, according to Bloomberg.

Reportedly, Amazon's device will resemble Google's Chromecast in appearance that can be plugged into the HDMI port in televisions to access Internet content in real time via Wi-Fi. The device will run on a modified version of Google's (Nasdaq:GOOG-Free Report) Android operating system like the Kindle Fire tablets. The device will likely stream Amazon's online video offerings, including Prime Instant Video and on-demand video service, which includes new films and TV shows, and also support online gaming feature.

Though the price is yet to be decided, we expect Amazon's device will be competitively priced within $100. The video streaming device will be available on Amazon.com and through other retailers like Best Buy (NYSE:BBY-Free Report).

The e-Commerce giant is dependent on other devices like digital video recorders and Blu-ray players to stream its expanding video content. The new device could help Amazon build its own brand name and broaden its range of hardware products, including tablets, electronic readers and smartphones. Additionally, it will provide access to Amazon's expanding video services, which also include the Amazon Video on Demand store.

Amazon has done exceptionally well in new fields like cloud computing and tablet computers. Despite being a late entrant in the home entertainment market, Amazon is likely to succeed buoyed by its innovative ideas. We believe the company's promotional techniques and strengths will come into play to expand the reach of its streaming devices.

However, competition will be fierce, with most of the large technology companies foraying into similar Internet-based video programming businesses. Amazon will compete with Apple Inc. (Nasdaq:AAPL-Free Report), which already sells its own STB called Apple TV and Google's Chromecast that is priced at only $35.

Additionally, Amazon's new device would compete with Roku's new streaming stick priced at $49 and other content streaming devices, including game consoles like Xbox and Playstation. Whether Amazon can edge past other tech giants in the attractive home entertainment market remains a wait-and-see story.

Though Amazon is one of the leading players in an extremely fast-growing market, significant competition from eBay (Nasdaq:EBAY-Free Report), Google and other online retailers remain a matter of concern. Additionally, Amazon's continuing investments in fulfillment centers could hurt profitability, going forward.

Amazon currently retains a Zacks Rank #4 (Sell).

Today, Zacks is promoting its ''Buy'' stock recommendations. Get #1Stock of the Day pick for free.

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Past performance is no guarantee of future results. Inherent in any investment is the potential for loss. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit http://www.zacks.com/performance for information about the performance numbers displayed in this press release.

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