Blue Nile: Will They Miss Q4?

Crazy recession. It’s gotten so that people have cut back on buying diamonds for the last few months–enough to put the near future of online diamond retailer Blue Nile in jeopardy. Jewelry retailers in general had a “horrid” October and November and expect an even worse December–some couples are even postponing their engagements because of job insecurity and economic uncertainty.

Amazon: Lower Guidance a "Virtual Certainty"

Amazon (AMZN) shares continue to retreat amid a flurry of Street estimate and price target reductions. Tim Boyd, American Technology Research: Boyd, who has a Sell rating on the stock, today cut his price target to $45 from $60. He says that a guide down for the Q4 is a “virtual certainty” given the 11 percent rally in the dollar since the company last reported.