Nothing to celebrate, really. Customers are the first to get screwed when there's no competition. Shareholders, too. Although, in the long term.
Anything to support this? I feel the same way, but only have vague anecdotes that companies with a dominant market presence don't tend to be great stocks.
The people agreeing with Trump are probably as clueless as he is regarding AMZN & taxes. I'd also bet they shop at Walmart & love China goods
AMZN and state taxes: https://www.cnbc.com/2017/03/24/the...ollect-sales-taxes-nationwide-on-april-1.html Amazon, the online merchandise juggernaut, will collect sales taxes from all states with a sales tax starting April 1. Tax-free shopping will be over as of next month in Hawaii, Idaho, Maine and New Mexico, the four remaining holdouts. Since the beginning of this year, Amazon has added a number of states to its roster of jurisdictions where it collects sales taxes.
No, too lazy to make a research. I just know that once a company goes all monopolistic, they always end up jacking up the prices. Human nature. This leads to frustrated customers, huge media attention and big problems for the stock and their shareholders as a result. They will be forced to either cut the prices and suffer from revenue decrease or not cut them and be hated by everyone, which leads to the very same revenue decrease. Lose-lose. Not sure just how much this can be applied to Amazon, but pretty sure it can be, at least to some extent.
Shorts in for a world of hurt tomorrow once the Whole Foods vote gets passed. Going to be a bad week to be a bear.
It seems that I've seen many instances where the company may be the only seller in the market but does not have the benefit of price control (similar to what you are saying). Unable to raise prices, their growth would halt. And that's no good for stock prices. On the other hand, a monopoly where they come out with new & exciting (but not necessarily improved!) products would be able to raise prices. Looks like it's bounce time for AMZN, now or never. But I wouldn't try to ride it back to $1050.
So now Target is taking their cloud business away from AWS. AWS is the profitable arm of Amazon; but businesses don't want to use it if it means doing business with Amazon who has their hands in everyone's business. Amazon could give up their low-margin online sales, but they won't. But by keeping it, they are handicapping their AWS it looks like, will be the developing story. Seems Amazon is getting so big, that they are scaring off businesses, and no amount of price-cutting will get them back?
The man who sold his supermarket to Whole Foods talks about the future of grocery stores http://wapo.st/2xCpI3H
Amazon closed above 980 .. decent momentum for the rest of the week. 990 eow is possible if volume picks up and stays above 980 today
If there is no 5-point gap up to 945 this could very well break down...if this closes red today it is toast Has to bounce big.
I think amazon is perfect for a call option trade. 965 strike per contract expires on dec 15. Seems to good? What do you think?
