|Bid||1,600.890 x 800|
|Ask||1,601.120 x 4000|
|Day's Range||1,588.44 - 1,604.95|
|52 Week Range||927.00 - 1,638.10|
|PE Ratio (TTM)||260.91|
|Earnings Date||Jul 25, 2018 - Jul 30, 2018|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||1,820.20|
Amazon, Starbucks, and Kroger are among the companies who have donated at least $25K toward an effort to repeal Seattle's newly passed tax on large employers. Yahoo Finance’s Alexis Christoforous, Editor-in-Chief Andy Serwer, and Julia La Roche discuss if they can make it happen.
When George Soros famously shorted the British pound in 1992, managing to earn $10 billion in the process, he did so with the assistance of Stanley Druckenmiller. Druckenmiller, also a billionaire, like his former mentor, founded Duquesne Capital in 1981 and converted his fund into a family office in 2010.
The Facebook Inc. (NASDAQ:FB) “scandal” is officially in the rear view mirror, at least according to Wall Street. Facebook stock, which fell 20% in March when the company came under political attack for its role in the 2016 elections, is back to pre-crisis levels, opening for trade May 23 at about $184 per share. The results reaffirmed Facebook’s status as a “Cloud Czar,” one of the five huge companies that now dominate computing and society, because they can afford to keep building so-called “hyperscale” data centers and fill them with traffic.
Amazon.com Inc. is expanding it presence in Maryland again. No, it's not the big one, aka HQ2, the second North American headquarters where the internet retailing juggernaut will hire 50,000 workers and invest $5 billion. Montgomery County is a finalist on a list of 20.
Dow component Walmart Inc. ( WMT) fell to a seven-month low earlier this month after the company announced a 77% stake in India's Flipcart. A healthy uptrend surged to an all-time high in the triple digits in January 2018, driven by strong online sales growth, but the stock plunged in February after the company reported weak fourth quarter earnings and disappointing profit guidance. Fortunately for nervous shareholders, the four-month decline has now reached within five points of major support in the mid-$70s, suggesting a mid-year bounce that will test fresh resistance layers.
At this point, it may seem that there's no industry that Amazon.com (AMZN) can't touch, so it's not surprise that logistics are worried that the e-commerce giant could turn from friend to foe for delivery companies like United Parcel Service (UPS) and FedEx (FDX). Crowdsourcing "will remain a marginal source of capacity for the e-retail industry," as there's limited risk of "full-scare diversion" of shipping from traditional carriers to crowdsourced models, simply because of the constraints and high costs required to build efficient, flexible networks and the limitations of "right-timed" labor. Ultimately, he concludes that while crowdsourcing is probably here to stay in the e-commerce environment, it won't be as disruptive to market capacity and traditional carriers as bears expect.
Crowdstrike, a cloud-based cybersecurity company, has once again made the CNBC Disruptor 50, an annual list of the top 50 companies whose innovations are changing the world. The company has been experiencing massive growth, with a near 300 percent increase in deployments worldwide in the past year. Crowdstrike's CEO George Kurtz said there is a possibility that a company such as Amazon or Google could ultimately be interested in its cloud-delivered endpoint security capability.
The race for supremacy seems to be heating up with more players adding muscle to their e-commerce and delivery arm with more acquisitions and technological assistance.
Yahoo Finance's Alexis Christoforous and Jared Blikre break down the latest market action after Best Buy reported first quarter earnings that beat Wall Street expectations, as well as topping analyst estimates of enterprise comparable sales. However, the retailer delivered soft EPS guidance for the second quarter.
As Amazon holds a public contest, Apple reportedly searches its new campus location in secret. Yahoo Finance's Seana Smith, Andy Serwer and Dan Robert discuss.