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Amazon.com, Inc. (AMZN)
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I have a lot of respect for Jeff Bezos. He said in an interview to adopt a wandering philosophy. Use your instincts, intuition, guts and heart & soul to pursue your dreams...not logical analysis.
Although logical analysis has its place.
20 years ago Bezo's walked away from a high paying job on Wall Street to start a business in his garage. He would drive to the post office to deliver packages for his customers.
His company is now the greatest in the world. Way to go Mr. Bezos!
Retail-giant Amazon (NASDAQ:AMZN) announced today it will open a new 700,000 square-foot fulfillment center in Waco, Texas. The new facility is said to be slated for a 2021 opening date and will create 1,000 local jobs, along with expanding the company's fulfillment network.
The project is the company's second fulfillment-center announcement for the state of Texas this year. Back in July, Amazon said it would open a facility in Pflugerville, Texas that's even larger at 820,000 square feet. The company said once again that it will be opening in 2021 and create over 1,000 jobs. Amazon notes it has spent in excess of $10.5 billion over the past decade extending its web of fulfillment centers.
An Amazon Robotics robot drive unit moving a container of goods through a fulfillment center.
IMAGE SOURCE: AMAZON, INC.
COVID-19 has strongly accelerated the shift to online retail. According to metrics reported in Forbes, grocery orders are a major force driving fulfillment-center expansion, with internet grocery sales jumping to 10.2% of the total by early October, as compared to 4.3% before the pandemic.
Amazon is not only expanding its delivery network to meet soaring online demand for groceries and other items, but it also is cashing in on the skyrocketing expenditure on e-commerce advertising. The company is set to rake in 76% of the projected $17.4 billion to be spent on e-commerce ads in the U.S. this year, according to eMarketer research.
The new Waco fulfillment center will combine human labor and robotics, using the standard arrangement for such facilities. According to Amazon, the use of robots at its centers for tasks such as moving heavy pallets from place to place and other "drudge work" increases efficiency enough so a "robotics fulfillment center" can store and handle 40% more inventory than a similar facility lacking partial automation.
John Mackey, CEO of Whole Foods Market, an Amazon subsidiary, is a member of The Motley Fool's board of directors. Rhian Hunt has no position in any of the stocks mentioned. The Motley Fool owns shares of and recommends Amazon and recommends the following options: short January 2022 $1940 calls on Amazon and long January 2022 $1920 calls on Amazon. The Motley Fool has a disclosure policy.
This is HUGE....!
Go look at Amazon's volume. It's getting higher. Smart money has been moving into Amazon.
I've been tracking the volume.
This stock is going to jump up in a week.
I'd buy everybody a virtual beer if AMZN ended in green.
futures alittle red because of covid ..it'll shake it off ...were going green .. amzn just got favorable ruling in India . big market for amzn there.
Looking for $3400 plus this week
It's the same trend before Q3 earnings. keeping it down to make the most profit. The earnings will be exceptional and so many new customers joined Amazon. No one leave Amazon with all the convenience and the great customer service, not mentioning that for most people is the only option of shopping. Thanksgiving and Holiday season coming ....
Ok there you have it, no stimulus until after the election. Can we move on now? It is all going to be about big tech earnings now next week. Let's go!
When stimulus package passes after the election Amazon price should soar. 4000 is doable!
Looking forward 3500
I've bought all I could afford, we need more buyer to offset these sellers...help..
I think this week is going to be awesome!
I'm getting tired of looking to see how much money I lost today instead of seeing it green
Buy setup at 3160, next week is a high probability of an up week. 7 or 8 down days on amzn.
What is wrong with these investors selling AMZN off? COVID has taught more people than ever the benefits of buying on AMZN. I know older people who never used Amazon before who are buying products left and right now and love it for the great prices and convenience. Nobody is going back to paying a 20% premium to buy in stores anymore! Amazon is the only way to go.
A couple years ago I got into AMZN at 1.5K. Then I listened to this all this talk about AMZN being overvalued. Spooked I sold all my shares at 2K. Finally got back in at 2.9K. This time I’m holding until I retire in 5 years. I’d be disappointed if AMZN isn’t worth at least 7K per share by then. Just wish they’d do a 1-10 split so I can afford to buy more shares with each paycheck.
I love buying Amazon dips! Bought it down $50 today, already up $40 a share!
Look for strong move upside! Er will be robust and the inline mania continues! Lot of items coming in next day! I don’t shop much online, however My own shopping quadrupled online! Amazon is having hard time keeping up with the demand!
If they split, it will be just huge!
Patience, patience, patience. I read the doom day comments on this board and realize there are several amateur investors that have no idea of seasonality. It is an election year, uncertainty, October is usually a readjustment in broker accounts.
What will AMZN revenues and E.P.S. be for Q3? Home run?
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