Lots of good news for this stock. Big sales days piling up. I do expect big jump, too bad it's got to start from down so far though.
Remember the rule, buy when there is blood on the street now not saying it will go up today but when panic sets in usually good buy
Appreciate the update bigbear0083. How you think Amazon will react if the earnings report comes in higher than consensus?
Amazon shares jump after earnings Amazon blew past street estimates for its fourth quarter earnings, reflecting strong holiday sales and growth in its cloud business. Amazon's stock went up more than 6 percent in after hours trading. Here are the most important numbers: Revenue: $60.5 billion vs. $59.83 billion, as estimated, according to Thomson Reuters EPS: $3.75 per share* AWS revenue: $5.11 billion vs. $4.97 billion, as estimated, according to FactSet Amazon's revenue, which includes sales from Whole Foods, jumped 38 percent year-over-year. Its North America revenue jumped 42 percent to $37 billion, while international sales grew 29 percent to $18 billion. (Click here to read more!)
Amazon and Best Buy partner to sell Fire TVs Source: https://www.marketwatch.com/story/a...18?link=MW_widget_latestnews_stockaholics.net Rivals Amazon.com Inc. and Best Buy Co. are joining forces to sell television sets powered by Amazon’s Fire TV operating system. Amazon AMZN, +1.10% CEO Jeff Bezos and Best Buy BBY, +4.04% CEO Hubert Joly revealed the partnership on Tuesday at a Best Buy store in Bellevue, Wash. The companies will sell 11 models, starting this summer with TVs by Toshiba and Best Buy house brand Insignia. Best Buy will feature the Amazon-powered TVs in its stores and on its website, and also become a merchant on Amazon’s website, where it will sell these TV sets exclusively.
Amazon has ‘iron grip’ on e-commerce — analysts react to its 100 million Prime members Source: https://www.marketwatch.com/story/a...19?link=MW_widget_latestnews_stockaholics.net Amazon.com Inc. has bulls bellowing happily after revealing its Amazon Prime subscription program exceeds 100 million members worldwide. The e-commerce giant’s stock AMZN, +1.60% rose 2% to around $1,552 in premarket action Thursday, as a GBH Insights analyst said the big round number “speaks to how powerful the Prime membership machine has become.” “Amazon continues to have an ‘iron grip’ on the e-commerce market heading into the rest of 2018,” said Daniel Ives, GBH’s head of technology research, in a note late Wednesday. The figure came in above Wall Street’s estimate of 80 million Prime members and GBH’s projection of 92 million, Ives added. The tally was disclosed late Wednesday in an annual letter to shareholders from CEO Jeff Bezos.
Amazon reports earnings of $3.27 a share on sales of $51 billion Amazon reported its first-quarter earnings results on Thursday after the bell. It's a huge beat across the board and Amazon stock is up over 7 percent in after hour trading. Here are the most important numbers: Revenue: $51.04 billion vs. $49.78 billion, as estimated, according to Thomson Reuters EPS: $3.27 per share vs $1.26 per share, as estimated, according to Thomson Reuters* AWS revenue: $5.44 billion vs. $5.25 billion, as estimated, according to FactSet That would be a 40 percent jump in revenue from last year's $35.71 billion, but a slip in profit from the $1.48 per share reported a year ago. Investors will look for clues around Amazon's plans for political damage control, further growth in its dominant cloud service, and investments in new segments, like Alexa and logistics. Amazon continues to outperform the market with its stock up over 20 percent this year.
Amazon may become the first trillion-dollar company. Amazon is increasing the price for Prime, as it saw strong gains from its retail segment. This is partly because of Whole Foods, which it acquired last year. Retail sales increased 46% year-on-year to $30.7 billion this quarter. Analysts forecasted that the retail segment in North America would have an operating income of $660 million in the quarter. AMZN will continue to increase in the future.
Happy Prime day! The fact that this makes the news is really a weird cultural event if you think about it. We are celebrating a sale on an e-commerce site.
Amazon suffers glitches at the start of Prime Day, its biggest shopping day of the year https://www.cnbc.com/2018/07/16/amazon-suffers-glitches-in-opening-minutes-of-prime-day.html I just logged onto Amazon to see if I have anything to buy, seems like they are still having the glitch
Aided by almost 400 million estimated global active users, more than 100 million Prime members, and recent fulfillment infrastructure, technology, and content investments, Amazon is likely to reshape retail, digital media, enterprise software and other categories for years to come.
Amazon Surpasses $1 Trillion Of the five FAANG stocks, Amazon.com (AMZN) made positive headlines last week as its market cap briefly breached the trillion level intraday Tuesday before pulling back. Since the stock didn’t finish the day with a market cap above that level, it wasn’t official, but for a brief moment, the two AAs of FAANG were both members of the trillion dollar club. Looking at the ten largest S&P 500 companies by market cap, behind AAPL and AMZN, the only two stocks anywhere close to the trillion level are Microsoft (MSFT) and Alphabet (GOOGL), and when we say close, they still have to rally about 20% to get there. The next two largest companies — Berkshire and Facebook — would essentially have to double from here, while the remaining four stocks in the top ten would basically have to triple. Amazon’s road to a trillion has been extraordinary. It took AMZN 5,186 days as a public company to first cross the $100 billion mark, but only 41 days to go from $900 billion to $1 trillion (on an intraday basis). Since first crossing the $200 billion threshold in April 2015, AMZN has added $100 billion in market cap at an average of once every six months. Talk about a money machine!
