Weekly Market Recap: Amazon Agreement with Viacom Nails Netflix, Apple-Samsung Saga Continues

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Here’s your Cheat Sheet to the daily market recaps from this week:

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Tuesday

Markets closed mixed on Wall Street today: Dow -0.36%, S&P -0.07%, Nasdaq +0.30%, Oil +0.84%, Gold +2.55%.

On the commodities front, Oil (NYSE:USO) rose to $95.52 a barrel. Precious metals also increased, with Gold (NYSE:GLD) rising to $1,700 an ounce while Silver (NYSE:SLV) rose 0.20% to settle at $32.30.

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Here’s your Cheat Sheet to today’s top stock stories:

Apple’s (NASDAQ:AAPL) iPhone 4S has fallen from its perch of being the top-selling smartphone in the U.S. for the first time since its launch in October, with Samsung’s Galaxy S III toppling its bitter rival. Samsung’s Google (NASDAQ:GOOG) Android-powered phone took the top spot in the month of August, according to Canaccord Genuity analyst Michael Walkley, as iPhone sales turned soft ahead of the expected launch of the next generation of the device.

Wal-Mart (NYSE:WMT) is said to be testing a new payment system that will allow shoppers to use their Apple (NASDAQ:AAPL) iPhones to scan items while shopping and then pay at a self-checkout counter. Walmart had its employees with participate in a test at a supercenter store near the company’s headquarters in Rogers, Arkansas.

J.P. Morgan delivered some bittersweet news for Facebook (NASDAQ:FB) on Tuesday, cutting its price target on the company’s stock, but still pegging it at about 66 percent higher than what the shares are trading at right now. Analyst Doug Anmuth wrote in a note to investors on Tuesday that Facebook will soon be worth $30 a share, down from the $45 target he made on June 27 while first recommending the stock. However, the social network was trading barely a shade above $18 on Tuesday morning.

Netflix Inc. (NASDAQ:NFLX) shares fell 7 percent on the news that Amazon.com (NASDAQ:AMZN) has a distribution agreement with Viacom Inc.’s (NYSE:VIA) Epix premium cable network. Investors are concerned that without Epix’s exclusivity for streaming on Netflix, Netflix would lose some of its consumer appeal.

First Solar Inc. (NASDAQ:FSLR) shares dropped 5 percent, continuing last week’s losses after reports came out that the company suspended solar-panel deliveries to its Arizona 397 megawatt Agua Caliente power plant.

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Wednesday

Markets closed mixed on Wall Street today: Dow +0.09%, S&P -0.11%, Nasdaq -0.19%, Oil +0.23%, Gold -0.02%.

On the commodities front, Oil (NYSE:USO) rose to $95.53 a barrel. Precious metals declined, with Gold (NYSE:GLD) falling to $1,696 an ounce while Silver (NYSE:SLV) fell 0.11% to settle at $32.24.

Here’s your Cheat Sheet to today’s top stock stories:

Today Nokia (NYSE:NOK) and Microsoft (NASDAQ:MSFT) unveiled the struggling Finnish phone company’s most powerful smartphone to date at a joint event in New York. The drama is thick because this could be Nokia’s last attempt to take back a share of the smartphone market already dominated by Google (NASDAQ:GOOG), Apple (NASDAQ:AAPL), and Samsung.

Don’t Miss: Microsoft and Nokia Release This Tricked Out Lumia 920.

AT&T (NYSE:T) has started receiving cases meant for the iPhone 5 in its internal accessory systems that point to the fact that the next-generation Apple (NASDAQ:AAPL) smartphone will be taller than its predecessors. On Tuesday, Apple formally announced that it would hold a big event on September 12, and the invites included sufficient hints reflecting the subject of the conference: a shadowy image of the number 5, presumably for the iPhone 5.

Facebook Inc. (NASDAQ:FB) shares rose 5.7 percent one day after Chief Executive Mark Zuckerberg reported in a regulatory filing that he doesn’t plan to sell any company stock in the next year.

Guidewire Software Inc. (GWRE) shares jumped 10 percent. On Tuesday after the bell it reported its fourth-quarter earnings. The company saw a profit and reported broad-based revenue growth including large gains in its services revenue.

On the down side, AuRico Gold Inc. (AUQ) shares fell 20 percent after it announced production will slow in the next six-to-nine months as the company will focus on underground development at its Ocampo mine. The company also changed its estimates for the  Young-Davidson and El Chante mines.

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Thursday

Markets closed up on Wall Street today: Dow +1.76%, S&P +1.93%, Nasdaq +2.03%, Oil -0.41%, Gold +0.57%.

On the commodities front, Oil (NYSE:USO) declined to $94.96 a barrel. Precious metals rose, with Gold (NYSE:GLD) rising to $1,704 an ounce while Silver (NYSE:SLV) increased 0.38% to settle at $32.65.

Here’s your Cheat Sheet to today’s top stock stories:

A month after winning its high-profile patent dispute against Samsung in the U.S., Apple (NASDAQ:AAPL) is now targeting its big rival in the latter’s home nation. Apple has accused Samsung of abusing its position as a market leader of third-generation wireless technology and has asked the South Korean antitrust regulator to investigate the issue. An official at the Fair Trade Commission said Apple filed the complaint earlier this year. This particular battle may result in sanctions on Samsung, according to The Wall Street Journal.

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Twitter is thrashing Facebook (NASDAQ:FB) when it comes to selling advertisements on mobile devices, according to a new study published on Thursday, with Internet radio Pandora(NYSE:P) also among the top performers. According to the eMarketer report, Twitter is expected to gross $129.7 million in U.S. mobile ad sales this year against Facebook’s $72.7 million.

Navistar International Corp. (NYSE:NAV) shares jumped almost 18 percent. The company reported fiscal third-quarter results. They came in lower than the previous year but still exceeded expectations. Navistar announced a restructuring plan it hopes will slash costs  by $150 million to $175 million year-over-year beginning in 2013.

Owens-Illinois Inc. (NYSE:OI) shares rose 8 percent. The company had recently been taken to court for possible asbestos hazards, but has been vacated of the charges for the Aug. 31 jury trial.

Amazon (NASDAQ:AMZN) had some big news: The Paperwhite is a backlit e-reader, which is thinner and higher-res than its predecessor. The Paperwhite does not support audio, which is a factor in the $119 Wi-Fi enabled price tag, or $179 for 3G. Amazon also cut the price of its ad-supported Kindle to just $69. We mentioned earlier that if Amazon wanted to keep Kindle in the tablet fight, it would need a $150 device. Well, the new  Kindle Fire is coming in at just $159, exactly what we expected Amazon to do to keep its edge.

VeriFone Systems Inc. (NYSE:PAY) shares fell 13 percent. The company’s fiscal third-quarter net income increased 43 percent as its  revenue got stronger thanks to its services business. Shares did decline after VeriFone also forecast a weak fourth-quarter revenue.

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Friday

Markets closed up on Wall Street today: Dow +0.11%, S&P +0.40%, Nasdaq +0.02%, Oil +0.86%, Gold +1.87%.

On the commodities front, Oil (NYSE:USO) climbed to $98.16 a barrel. Precious metals rose, with Gold (NYSE:GLD) rising to $1,739 an ounce while Silver (NYSE:SLV) increased 3.05% to settle at $33.61.

Here’s your Cheat Sheet to today’s top stock stories:

Today’s job report announced that with the addition of only 96,000 jobs last month, the number of people in the workforce dropped to its lowest level in 31 years, undermining the momentum President Obama may have gained from his speech to the Democratic National Convention last night. Unemployment dropped 0.2 percent from July, to 8.1 percent, for the most part because 368,000 people stopped looking for jobs.

Apple (NASDAQ:AAPL) is working on developing a Pandora (NYSE:P) rival in a move that could have the Internet radio industry very worried. Apple, which already has digital music figured out through its iTunes, is now planning to send streams of music customized to users’ choices through a preinstalled app on the company’s mobile devices. It is already negotiating with major record labels, The Wall Street Journal said.

Don’t Miss: Judge Ignores These Apple Appeals in DOJ Case.

After hitting a year to date high of $29.18 per share in May, Intel (NASDAQ:INTC) is down on news of weaker than expected revenue. The company released a statement adjusting its projected revenue to $13.2 billion. Intel had originally projected revenues from $13.8 to $14.8 billion but “weaker than expected demand in a challenging macroeconomic environment” has led to weak enterprise PC sales and slowing demand in emerging markets.

We mentioned before that Google (NASDAQ:GOOG) has taken a step toward dominating the Internet with Google Fiber. But like with any good battle for market share, there’s more here than meets the eye. Fred Campbell, a former FCC official, reports, “Google received stunning regulatory concessions and incentives from local governments, including free access to virtually everything the city owns or controls.” This includes office space, power, marketing, and direct mail connections.

Google expects other cities to be “bidding” on who gets Fiber next. If this means more Kansas City style subsidization, Google could quickly find itself controlling not just how people use the Internet, but how they access it. Verizon (NYSE:VZ), Comcast (NASDAQ:CMCSA), and other smaller cable companies may not stand a chance.

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