|Bid||0.00 x 900|
|Ask||1,731.96 x 800|
|Day's Range||1,729.86 - 1,745.41|
|52 Week Range||1,307.00 - 2,035.80|
|Beta (3Y Monthly)||1.63|
|PE Ratio (TTM)||71.85|
|Earnings Date||Oct 24, 2019|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||2,301.30|
With Amazon's AMZN business model evolving the past several years and questions about breaking up large technology companies likely to persist through the 2020 election cycle (and probably longer), we believe it's appropriate to revisit the longer-term assumptions behind our discounted cash flow analysis and introduce a sum-of-the-parts valuation for each of Amazon's key business units. While we don't see a breakup of the company as imminent, we believe this exercise can help investors gain greater confidence in an Amazon investment, which remains our top pick in online retail.
Alfred Nobel helped build an industrial empire. While Nobel’s bequest established prizes that commemorate his love of literature and science, it seems unlikely he would ever have considered rewarding managers in the same way, except perhaps to encourage them to do the dull managerial jobs he hated. Any would-be management prize-winner would have to demonstrate mastery of what the late Jim March, the Stanford sociologist, described as the “plumbing” and the “poetry” of effective leadership — that elusive combination of practical organisational skills and vision.
In the last week, we looked at Amazon Inc (AMZN) stock trends. Here is another attempt to decode the same patterns for the second week of October 2019.
The Democratic presidential candidate would like not only to break up Big Tech, but tax companies such as Facebook and people like Mr Zuckerberg a lot more. It galls me not that I pay roughly half my income in taxes, but that I do so because I earn it from actual work while those who earn money from rising share prices pay much less. , a book by Emmanuel Saez and Gabriel Zucman, who are advising Ms Warren on tax issues, including the details of how to tax wealth rather than just income.
Reality is closing in on Netflix. With the stock (NFLX) down 30% over the past three months, poor second-quarter results and signs that third-quarter subscriber numbers (which the company reports on Oct. 16) might be below expectations, the market is no longer buying CEO Reed Hasting’s previous ridiculous claims like that Fortnite and YouTube are Netflix’s primary competitors. While the “sell side” remains bullish, with 70% of Wall Street analysts tracked by FactSet calling Netflix a buy, independent investors are increasingly skeptical of the company’s growth story.
For investors, it could be a costly mistake to be on the wrong side of that debate if Netflix’s stock price marches toward a record $419. The streaming service has done an excellent job penetrating Western Europe, which has fast broadband speeds.
(Bloomberg Opinion) -- How worried should we be about Starbucks’s recent announcement that it plans to begin testing a new type of store that only takes orders via mobile app — no cashiers?At first glance the image seems vaguely dystopian: person after person filing through, inevitably wearing AirPods, to pick up caffeine-and-sugar infusions they ordered by pressing a few buttons on their smartphones as they were leaving home — all without a moment of human interaction.(1)But that’s more or less what’s happening right now at regular Starbucks stores: the company already accepts mobile orders, and has more than 16 million mobile users. The drawback is that those users crowd the stores and cause bottlenecks at peak times; in some outlets, the glut of mobile orders has gotten so bad that it’s discouraging walk-in customers. Thus, the mobile-only store model is presumably a response to problems already created by mobile ordering.Experiments of this kind are increasingly common. Amazon Go stores are cashier-less. Some grocery stores let you scan items as you pick them up and economize on checkout time. And mobile ordering is becoming widespread for foods ranging from salad to lobster. So we might not be too far away from the day when mobile ordering and cashier-less purchasing are the norm, rather than the exception.Will we be better off for it?In Starbucks’s case, at least, mobile-only stores might actually work out well for customers. Those who want to order via mobile will be able to go to specialized stores optimized for handling them. And that will reduce congestion at other stores, meaning that people there won’t have to spend as much time waiting for their drinks.As with many forms of product differentiation, the change might even increase demand for Starbucks coffee. Anyone who previously found Starbucks too time-consuming to stop in during their morning commutes will have a new, faster option. And people who had been driven off by the throngs of mobile-order customers might be able to come back.It’s less clear, however, how mobile-only stores will affect Starbucks employees.Some activists are trying to push for laws that would put limits on the shift to cashier-less shopping, requiring that stores must have humans on hand to ring up customer orders. That’s an onerous proposal — analogous to saying that every ATM should also have a bank teller on hand.(2)But still, you can see why there’s concern. Presumably, cashier-less stores will need fewer employees, even if they do pull in a large number of new customers. And reducing congestion in regular Starbucks stores might reduce staffing needs there as well.Then there's the drudgery factor: Working in a mobile-only store will surely be a lot more monotonous, more like being employed on a factory assembly line than in a typical coffee shop, where give-and-take between workers and customers can be part of the appeal. There will be less human interaction – and what interactions there are might well be with upset customers.It’s also likely that the workers at mobile-only stores won’t make nearly as much in tips. First off, customers might not feel an obligation to employees they don’t interact with personally. Moreover, tipping using an app isn’t observable to others, and there’s solid evidence that people take prosocial actions more frequently when others are watching. In other words, people tend to tip more when they know they're being observed.That said, the Starbucks app’s default tipping options are on the order of 10% to 20% -- higher than many people give with the typical change-in-jar approach. So if Starbucks pushes app tipping hard with notifications and alerts, there might not be too much of a shortfall. Better would be to still have a physical tip jar in mobile stores — or even to place a star on the order display board next to the name of anyone who tips.So there’s a chance that mobile-only Starbucks might be beneficial overall, rather than dystopian. Or at least not as dystopian as the pumpkin-spice latte.(1) I mean, isn’t that basically one of the opening scenes of the movie "Equilibrium"?(2) And what about completely automated coffee shops like those now operating in San Francisco?To contact the author of this story: Scott Duke Kominers at firstname.lastname@example.orgTo contact the editor responsible for this story: James Greiff at email@example.comThis column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.Scott Duke Kominers is the MBA Class of 1960 Associate Professor of Business Administration at Harvard Business School, and a faculty affiliate of the Harvard Department of Economics. Previously, he was a junior fellow at the Harvard Society of Fellows and the inaugural research scholar at the Becker Friedman Institute for Research in Economics at the University of Chicago.For more articles like this, please visit us at bloomberg.com/opinion©2019 Bloomberg L.P.
Virginia Tech has embarked on a $1.5 billion fundraising campaign, the largest in the university's history, in part to help fund its $1 billion planned innovation campus in Alexandria. Roughly $250 million from the campaign will be earmarked for the new campus, a project that had helped convince Amazon.com Inc. (NASDAQ: AMZN) to build its second headquarters a few miles away in Arlington. The university said the fundraising and engagement campaign, planned to run for seven years, is the most ambitious it's ever launched.
The charity claims that laborers that supply Whole Foods reported working up to 14 hours a day in “oppressive heat with few rest breaks,” and often with “very limited access to toilets.”
(Bloomberg) -- U.S. antitrust enforcers have started an in-depth review of Google’s $2.6 billion planned acquisition of a data analytics company, a further sign of greater scrutiny on big technology companies, according to people familiar with the situation.The antitrust division of the Justice Department is seeking more information from Google and Looker Data Sciences Inc. related to the deal to determine whether the tie-up harms competition, said one of the people, who asked not to be named discussing private matters.Alphabet Inc.’s Google announced June 6 it planned to buy Looker for its cloud unit, which lags far behind Amazon.com Inc. and Microsoft Corp. with just 4% of the cloud-computing infrastructure market as of 2018, according to the most-recent figures from analyst Gartner Inc.The deal was expected to receive added regulatory scrutiny. The in-depth Justice Department review, known as a “second request,” comes as antitrust authorities start historic probes of Google and other large tech companies. One issue for enforcers is whether tech giants have used acquisitions of smaller firms to thwart rivals and cement their dominance. The U.S. Federal Trade Commission, which also enforces antitrust laws, is investigating whether Facebook Inc.’s purchases of Instagram and WhatsApp were anti-competitive.Representatives from Google, Looker and the Justice Department declined to comment.The Justice Department and a coalition of attorneys general made up of most U.S. states in the country have opened antitrust cases against Google. Those probes are mostly focused on the company’s dominant search and advertising businesses.Looker, closely held and based in Santa Cruz, California, provides tools that lets companies analyze their data stored in the cloud, a service that competes with offerings from Amazon and Microsoft. When Google announced the deal, its cloud chief, Thomas Kurian, said the company would continue to let Looker customers use other cloud providers. Google doesn’t share cloud sales.Google once spent lavishly on companies, dropping billions on device makers Motorola and Nest, as well as experimental tech like satellites and robots. More recently, the company’s acquisitions have mostly been relatively small deals in the cloud sector.It’s common for antitrust authorities to open in-depth investigations for sizable mergers, but more recently have faced criticism for allowing large tech companies to buy startups as a way to gain footholds in new markets. That charge has been aimed at Google after its takeovers of Waze, DoubleClick and YouTube. The Justice Department in July announced a broad antitrust review of the big internet platforms in search, social media and online retail.To contact the reporters on this story: Mark Bergen in San Francisco at firstname.lastname@example.org;Sarah McBride in San Francisco at email@example.com;David McLaughlin in Washington at firstname.lastname@example.orgTo contact the editors responsible for this story: Jillian Ward at email@example.com, ;Sara Forden at firstname.lastname@example.org, Andrew PollackFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
Let's take a look at what investors need to know about Facebook and some of its Q3 estimates to help us determine if FB stock might be worth buying before the social media company reports its Q3 2019 earnings results...
Letter Ride, a delivery service provider for Amazon.com, Inc. (NASDAQ: AMZN ), is cutting 423 positions at facilities across Texas. The company is eliminating jobs at its facilities in Austin, Dallas, ...
Apple stock has a $1 trillion market cap and an all-time high, though growth has slowed. Thinking about buying AAPL stock? This is what Apple earnings and stock chart show.
Shares of tech giant Amazon (AMZN) are trading 1.3% higher today. Does the surge hint at a turnaround in sentiment and Amazon investor relations?
Here are three ideas I’ve come across recently. Let’s break them down. 1. Should we ban billionaires? Democratic presidential contender Bernie Sanders says we should ban billionaires. It’s all part of the growing trend in the idea of wealth taxes that have become popular with some Democrats.
Shares of Netflix (NFLX) have fallen over 20% in the past three months. Let's dive into everything we know about Netflix heading into its Q3 earnings release to see what to expect from NFLX stock...
Short interest in Amazon stock has risen from 0.59% of its outstanding shares on July 1, the beginning of the third quarter, to the current level of 0.74%.
Companies with outsize growth prospects aren't hard to find. High-growth stocks that also are high on quality are another matter.Seemingly every other week, a so-called unicorn files for an initial public offering. And yet more often than not, the stocks of these red-hot companies quickly disappoint investors. There's no point in betting on companies with high growth prospects if they don't have the quality to churn out such returns year after year.When it comes to looking for high-quality companies, a good place to start is with return on equity. ROE measures how adept a company is at squeezing a return out of its net assets. It's often used as a shorthand for quality. Although ROE differs from industry to industry, a rule of thumb is that ROE should come to at least 15%.Quality stocks can't be found by applying just a single measure, however. Balance sheets, fundamental performance and cash flow are critical too. As such, we scoured the Russell 1000 Growth Index of large- and midsize companies to find stocks with returns on equity of at least 15%. Additionally, these companies had to have positive free cash flow (FCF), healthy balance sheets and long-term growth rates of at least 20%.Lastly, they had to have an average analyst score of less than 2.0 from S&P; Global Market Intelligence. Any score below 2.0 equals a Buy recommendation on the part of Wall Street, and the lower the score, the better.Here, then, are the 10 best-rated high-quality, high-growth stocks to buy. SEE ALSO: 101 Best Dividend Stocks to Buy for 2019 and Beyond
Alphabet's (GOOGL) Google Cloud mobilizes its resources to increase headcount in LATAM. This augurs well for its deepened focus on solidifying footprint in the region.
The project, which has received €12 million in funding from the European Commission, will design, build and test three new types of fuel cell electric heavy-duty trucks. Participating companies include energy suppliers as well as manufacturers that will develop and build the truck models. "There is a growing need for zero emission vehicles across all transport modes," said Ben Madden, director of Element Energy, which is coordinating the project, in a statement.
Amazon is facing scrutiny today, following a shocking report about the worrisome working conditions tied to Whole Foods. A new Oxfam report ranked the grocery chain the lowest out of 10 supermarkets for its treatment of workers throughout the company's supply chain. Oxfam Ethical Trade Manager Rachel Wilshaw joins Yahoo Finance's Zack Guzman and Julia La Roche along with CapitalistBook.com Author Nathan Latka to discuss.