AMZN, This Turkey is done...Stick a fork in it.
And it will take that out like a hot knife cutting butter.
May be safe to say that yesterday was the high for the year with AMZN. Once the snowball starts down the hill, it'll be hard to stop. Turkey shooting down the Russian jet is just a side show. AMZN is so over priced and priced for nothing but perfection. I've said in recent days that it will take just an ugly gust of wind to get the Amazon correction started. Stay tuned, there is more disruptive news to come.
Careful FANG doesn't go and bite you. AMZN needs a 75 to 100 dollar correction & it will happen, always does with extreme hypes like this. Besides the 575 - 600 gap has to be tested and filled.
Priced well beyond perfection...As for all the talk of FANG... GOOG, FB & NFLX pe's added together x 2 doesn't even reach AMZN's .... Not too absurd now is it ! LOL
E- e-commerce growth has slowed across the board. The everyday hype has run it's course. They have PRICED AMAZON BEYOND PERFECTION. THIS STORY CAME OUT AFTER THE CLOSE ON FRIDAY.
BY MARILYN MUCH, INVESTOR'S BUSINESS DAILY
11/20/2015 05:49 PM ET
Wal-Mart (NYSE:WMT) and Target (NYSE:TGT) are adapting with new, holiday-focused mobile apps:
Wal-Mart is rolling out mobile check-in this season, by which a customer can check in using their phone when they arrive to pick up their online order....
The Target Kids' Wish List app has updated features, including a kid-friendly browser, search and scan abilities, as well as easier ways for parents to manage and share lists.
Some JLL-managed malls are using messaging via Wi-Fi which lets shoppers opt-in for push promotions on their smartphones.
"Traditional retailers have finally started to invest in their technology to try to compete with the pure-play retailers online," said Joel Bines, managing director of the retail practice of AlixPartners. "They're trying to beat them at their own game . .. instead of ignoring them."
Consumers who shop online and pick up their purchases in the store spend 75% more than those who buy only in the store, says Rod Sides, vice chairman of Deloitte LLP and leader of its U.S. retail and distribution sector.
Are the efforts paying off? Target on Wednesday reported solid overall results. But online sales growth slowed and was weaker than its projections. Wal-Mart said Tuesday that U.S. same-store sales rose for a fifth straight quarter, and it guided Q4 EPS views up. But it too saw slower e-commerce growth.
Macy's Parade Of Pain
Macy's (NYSE:M), a leader in promoting "omnichannel" sales, on Nov. 11 reported weak Q3 results and forecast lower Q4 same-store sales.
So then you both see disappointment in black Friday numbers for AMZN ? Maybe with competition from TGT WMT etc.on line sales ??
It's all about the cloud...careful if the cloud goes away cause CRM pioneered cloud years and years ago and they still can't turn it into a profit...
This cloud is not a bad thing but as for larger revenue YES, but it seems to never really turn into profit for the company...But the stock continues to go up with the hope, yes hope it someday will give it a profit...Hmmm, need more earnings if a stock like CRM wants to keep going up. As for EPS it shows as not available...NOT AVAILABLE ! ...
Big holders like T Rowe Price & Citadel's Kenneth Griffin have their little piggy's hyping it constantly...now they have built a house that will fall hard with just one Black Swan wind gust. Stay tuned not everyone is in their pocket.
Money talks and the funds will pay for the hype....be sure of it
Just my observation .
Yes goldbug, what I also noticed. this type of gap needs to be closed and always is at some point. Simply proves the over bought condition this name is.
Going be a slow meltdown for Jeff
20 DAY ma another test coming
Bank on it
Watch that 20 day moving average 623 area...BTW there is hardly any shorts outstanding so who will be buying the stock after driving it up to 675. CNBC love fest won't save it from a 100 point correction from the 675 top. Needs a rest