AMZN - Amazon.com, Inc.
2,164.00 +8.33 (0.39%)
Pre-Market: 7:33AM EST
| Previous Close | 2,134.87 |
| Open | 2,125.02 |
| Bid | 2,163.02 x 900 |
| Ask | 2,162.59 x 2900 |
| Day's Range | 2,124.10 - 2,166.07 |
| 52 Week Range | 1,586.57 - 2,185.95 |
| Volume | 2,656,391 |
| Avg. Volume | 3,626,722 |
| Market Cap | 1.073T |
| Beta (5Y Monthly) | 1.62 |
| PE Ratio (TTM) | 93.68 |
| EPS (TTM) | 23.01 |
| Earnings Date | Apr 22, 2020 - Apr 26, 2020 |
| Forward Dividend & Yield | N/A (N/A) |
| Ex-Dividend Date | N/A |
| 1y Target Est | 2,404.29 |
- Yahoo Finance
The 10 richest Americans are just beginning to take sides in the 2020 presidential race
The ten richest Americans have a combined wealth of well over half a trillion dollars. And we might only be beginning to feel the influence of all that buying power in the 2020 campaign.
- Financial Times
Going behind Bezos’s $10bn green pledge; Airlines’ carbon-neutral tax-dodge
FT subscribers can click here to receive Moral Money every Wednesday and Friday by email. One thing to start: Moral Money is live on LinkedIn! Follow Gillian Tett for all the latest updates on sustainable ...
- Reuters
EU plans industrial data push, rules to rein in U.S. tech giants
The European Commission unveiled proposals on Wednesday to exploit Europe's vast trove of industrial data and set rules to govern artificial intelligence and to rein in U.S. tech giants such as Facebook , Google and Amazon. The package, the first of a raft of plans, will shape Europe's digital future, Commission President Ursula von der Leyen said in a statement. The goal is to create a single European data market and ensure that the use of artificial intelligence technology will take into account privacy and ethical concerns.
- American City Business Journals
Amazon is ramping up its HQ2 employment. Here's the latest worker count — and what they'll do.
Existing HQ2 employees have about 500 square feet each to work from, but that space is expected to fill up quickly.
- Reuters
Spain's watchdog probes Amazon to see if mail service rules apply
The Spanish antitrust watchdog said on Wednesday it had opened a probe into whether U.S. giant Amazon operates as a mail service in the country and whether as such the company has to comply with specific rules. The CNMC, as the regulator is known, seeks to find out whether Amazon has to abide by rules on labour, tax, privacy and immigration as other mail services do in Spain. An Amazon spokesman was not immediately able to comment.
- Reuters
EU to unveil plans to boost European firms, rein in U.S. tech giants
The European Commission will on Wednesday launch the first of a raft of proposals to help European companies exploit their rich trove of industrial data and at the same time rein in online giants Facebook Inc, Alphabet Inc's Google and Amazon.com Inc. The data strategy and artificial intelligence discussion papers are part of a bigger scheme to help European companies better compete with U.S. tech giants and state-aided Chinese companies in the digital world.
- GuruFocus.com
Charlie Munger: How to Be a Rational Investor
This simple trick can help you focus your thinking Continue reading...
- Investor's Business Daily
Is Macy's Stock A Buy Right Now? Here's What Earnings, Chart Show
Macy’s has struggled to compete vs. Amazon and off-price retailers. Do a strong economic backdrop and cheap valuation make Macy’s stock a buy?
- GuruFocus.com
Frank Sands' Firm Sells 4 Stocks in 4th Quarter
Sands Capital Management exits positions in Biomarin, Palo Alto Networks Continue reading...
- American City Business Journals
Amazon, Alaska and the M's among those offering internships through city program
All 399 students in the Seattle Promise program can apply to the expanded Job and Career Pathways program.
- Kiplinger
Every Warren Buffett Stock Ranked: The Berkshire Hathaway Portfolio
When you think of Berkshire Hathaway's (BRK.B) equity portfolio, most of which was selected by Chairman and CEO Warren Buffett, you very well might think of storied blue-chip stocks such as American Express (AXP), Coca-Cola (KO), and more recently, Apple (AAPL).Oh, those are still major components in the Berkshire portfolio. But a deeper dive into Warren Buffett's stocks reveals a more complicated picture - and a few more surprising holdings.Berkshire Hathaway held positions in 49 separate companies (across 52 different stocks thanks to firms with multiple share classes) as of the end of 2019, up from 46 during the third quarter. That's according to its most recent 13F regulatory filing, submitted to the Securities and Exchange Commission on Feb. 14. But the portfolio of "Buffett stocks" isn't as diversified as the number might suggest. Some are new positions so small they equate to a pinky toe in the water. Other holdings are immaterial leftovers from earlier bets that the Oracle of Omaha has mostly exited, just not completely.Nonetheless, Berkshire Hathaway's equity portfolio remains one of the best ways to identify which stocks legendary investor Warren Buffett feels are worth his time and attention - for the most part. Just remember: A few of these Buffett stocks were actually picked by portfolio managers Todd Combs and Ted Weschler, who many believe are the top candidates to succeed "Uncle Warren" whenever he decides to step down.Here, we examine each and every holding to give investors a better understanding of the entire Berkshire Hathaway portfolio. SEE ALSO: 64 Dividend Stocks You Can Count On in 2020
- American City Business Journals
Vulcan's 600-foot-tall Bellevue tower is under construction, city says
The construction start is a major milestone for Bellevue. The city updated its land-use code about two years ago to allow towers up to 600-feet tall and give downtown a more distinctive skyline.
- MarketWatch
As analysts lower expectations, 2020 earnings will beat — but market risks linger, Goldman forecasts
Goldman Sachs strategists believe corporate earnings will clear a low bar this year, but there are downside risks and margins will come increasingly under pressure.
- MarketWatch
How AI ‘therapists’ and machine learning could be the answer to affordable mental health care
People reveal more personal and intimate details to human-like apps and bots that can ‘sense’ emotions and concerns.
- Zacks
Tech Daily: AAPL Guidance Cut, QCOM Chooses Samsung, Huawei Restrictions, AMZN Climate Fund
The top stories here for the day are Apple's guidance cut, Qualcomm choosing Samsung to make its 5G chips, U.S. considering further restrictions on Huawei and Amazon's climate fund.
- MarketWatch
Coronavirus slows China’s property market to a crawl — and even the most robust real-estate app is no match
“I’ve lived here for five years, and it was pretty much like actually being in my apartment,” she said of the virtual-tour experience. Few sectors have escaped the impact of the epidemic, which has brought China’s economy to a standstill. Within China’s property market, a number of popular apps offer everything you’d need to find and buy a house — search functions with easy-to-use selection criteria such as location, price and unit type; realistic virtual-tour experiences; the ability to chat with agents and sellers; a section showing how “hot” properties are with real-time updates on how many people have viewed units; and even mortgage services.
- MarketWatch
Facebook cancels global marketing summit because of COVID-19 concerns
Facebook Inc. is the latest tech company to pull the plug on an event because of COVID-19. "Our priority is the health and safety of our teams, so out of an abundance of caution, we cancelled our Global Marketing Summit due to evolving public health risks related to coronavirus," a Facebook spokesman said in an email to MarketWatch late Friday. The marketing summit was to take place next month in San Francisco. Previously, Facebook dropped out of Mobile World Congress, one of the largest and best-known telecommunications conferences in the world, for the same reason, leading to the show's cancellation. Among other companies to drop out of MWC out of health concerns were AT&T Inc. , Intel Corp. , Sony Corp. , and Amazon.com Inc. [s:AMZN]. Late Friday, International Business Machines Corp. said it was skipping the RSA security conference in San Francisco later this month because of COVID-19.
- GuruFocus.com
Walmart's 4th-Quarter Earnings, Revenue Fail to Beat Expectations
E-commerce sales grow 35% Continue reading...
- MarketWatch
Walmart expects to save $60 million annually on shopping bags
Walmart announced fourth-quarter earnings that missed expectations, and said coronavirus could hurt first-quarter earnings per share.
- MarketWatch
Elon Musk uses one unflattering word to describe Porsche-driver Bill Gates
Gates discussed his new ride last week with YouTube influencer Marques Brownlee. “Certainly Tesla, if you had to name one company that’s helped drive that, it’s them,” Gates said, before telling Brownlee that he bought a “very, very cool” Taycan, which comes with a price tag deep in six-figure territory.
- Bloomberg
Amazon Denies Unfair Advantage in Oracle Challenge of JEDI
(Bloomberg) -- Amazon.com Inc. is denying a Pentagon cloud-computing contract valued at as much as $10 billion was unfairly tailored for the e-commerce giant.In a court filing made public Monday, Amazon countered rival Oracle Corp.’s claims that bidding for the lucrative cloud deal was tainted by relationships between its employees and former Pentagon officials.Oracle is appealing a July ruling from the U.S. Court of Federal Claims that dismissed its legal challenge of the cloud contract based on claims that the bidding violated procurement law and was marred by conflicts of interest. Amazon Web Services, the company’s cloud unit, has filed a separate lawsuit challenging its loss of the contract known as Joint Enterprise Defense Infrastructure, or JEDI, which was awarded to Microsoft Corp. in October. Amazon claims it lost the bid after interference from the White House and is seeking to interview President Donald Trump in that case.Oracle’s lawsuit claims that Amazon offered two former Pentagon employees jobs at the company while they were working on the contract. In one case, Deap Ubhi, who had worked at Amazon before joining the government, allegedly helped craft the JEDI procurement for weeks after accepting a job offer in October 2017 from AWS, according to the lawsuit.Amazon argued that Oracle’s lawsuit is based on “suspicion and innuendo” and that neither employee that Amazon hired disclosed any “competitively useful” information to the company. Government lawyers have also argued in court that the employees’ input on the JEDI procurement was minimal.Representatives for the Pentagon and Oracle didn’t immediately respond to a request for comment.The U.S. Court of Federal Claims ruled in July that the Pentagon’s contracting officer properly determined the relationships had no adverse impact on the integrity of the acquisition process and that Oracle didn’t have standing to challenge the contract. The Pentagon eliminated Oracle and International Business Machines Corp. from the competition in April 2019.Last week a federal judge temporarily blocked Microsoft from working on the Pentagon cloud project while Amazon’s lawsuit is litigated. The Pentagon’s JEDI project is designed to consolidate the department’s cloud computing infrastructure and modernize its technology systems. The contract is worth as much as $10 billion over a decade.To contact the reporter on this story: Naomi Nix in Washington at nnix1@bloomberg.netTo contact the editors responsible for this story: Sara Forden at sforden@bloomberg.net, Elizabeth WassermanFor more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
- Bloomberg
Jeff Bezos Donating $10 Billion Barely Dents His Surging Fortune
(Bloomberg) -- With a single Instagram post, Jeff Bezos pledged to become one of the most generous philanthropists in history. His gains this year have already covered the cost.The Amazon.com Inc. founder announced on Monday that he’s created the Bezos Earth Fund to help counter the effects of climate change. The commitment is one of the largest on record after Warren Buffett’s $36 billion pledge to the Bill & Melinda Gates Foundation in 2006 and Helen Walton’s $16 billion bequest to the Walton Family Foundation in 2007, according to data compiled by the Chronicle of Philanthropy.It’s a good time for Bezos to make the donation. He’s already added $15.6 billion to his fortune -- or about $325 million a day -- in the first seven weeks of 2020. Even if the full value of the gift were to be immediately subtracted from his wealth, Bezos would still be the richest person on the planet with a $120.5 billion fortune, just ahead of Gates, according to the Bloomberg Billionaires Index.Buffett and Gates also have seen their fortunes hit new heights even as their philanthropy grows. That reflects gains in the stock market, but also the difficulty of giving away such massive sums and making sure it’s put to work efficiently. The post by Bezos didn’t specify a time frame for his donation.Bezos, 56, has stepped up his philanthropy after years of relative restraint. Unlike many of his wealthy peers -- including his ex-wife MacKenzie Bezos -- he hasn’t signed the Giving Pledge, established by Buffett and the Gates, in which billionaires agree to donate the majority of their fortunes to charity.Bezos previously took to Twitter in 2017 to ask how he could best use his wealth to help people “right now.” That set off a frenzy of responses -- the tweet has more than 46,000 comments -- from every corner of the world. A year later he committed $2 billion to projects working to alleviate homelessness and improve education.Monday’s social media announcement, which has attracted about 300,000 likes, is another sign of the increasingly public posture Bezos is adopting. He’s upped the pace of his Amazon sales in recent months, bought a storied Los Angeles mansion, reportedly set records in the art market and increasingly frequents the red carpet with girlfriend Lauren Sanchez.Bezos will have to ramp up his giving before he can match the Bill & Melinda Gates Foundation, the world’s largest private foundation. It had an endowment of $47 billion at the end of 2018, largely thanks to donations by Buffett and the Gates family.To contact the reporter on this story: Tom Metcalf in London at tmetcalf7@bloomberg.netTo contact the editors responsible for this story: Pierre Paulden at ppaulden@bloomberg.net, Steven CrabillFor more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
- Benzinga
Two Pros Discuss The $1K Stocks Worth Buying
Out of the 500 stocks that comprise the S&P index, only five trade north of $1,000 per share: Alphabet Inc (NASDAQ: GOOG ) (NASDAQ: GOOGL ), Amazon.com, Inc. (NASDAQ: AMZN ), AutoZone, Inc. (NYSE: AZO ...
- TheStreet.com
Top 20 Amazon Prime Benefits and What They Cost
Amazon's AMZN market cap is currently around $1 trillion - one of the highest among the FANG giants (which include Netflix NFLX, Alphabet GOOG and Facebook FB ). In fact, according to Bloomberg this week, the average Amazon Prime member spends over $1,400 per year. What Is Amazon Prime?
