AMZN - Amazon.com, Inc.

NasdaqGS - NasdaqGS Real Time Price. Currency in USD
1,861.69
-3.13 (-0.17%)
At close: 4:00PM EDT
Stock chart is not supported by your current browser
Previous Close1,864.82
Open1,868.79
Bid1,860.80 x 1400
Ask1,861.33 x 800
Day's Range1,859.48 - 1,870.82
52 Week Range1,307.00 - 2,050.50
Volume2,556,132
Avg. Volume4,453,953
Market Cap916.05B
Beta (3Y Monthly)1.71
PE Ratio (TTM)92.44
EPS (TTM)20.14
Earnings DateApr 25, 2019
Forward Dividend & YieldN/A (N/A)
Ex-Dividend DateN/A
1y Target Est2,080.44
Trade prices are not sourced from all markets
  • The Morning After: The Weather Channel got hacked
    Engadget4 hours ago

    The Morning After: The Weather Channel got hacked

    Hey, good morning! You look fabulous. Add The Weather Channel to the list of ransomware victims, and we have some news about the Google vs. Amazon tiff. Also, the Child's Play remake will have Chucky terrorizing people via their smart-home devices. Welcome to 2019.

  • Is Amazon.com (AMZN) Outperforming Other Retail-Wholesale Stocks This Year?
    Zacks52 minutes ago

    Is Amazon.com (AMZN) Outperforming Other Retail-Wholesale Stocks This Year?

    Is (AMZN) Outperforming Other Retail-Wholesale Stocks This Year?

  • Amazon (AMZN) is an Incredible Growth Stock: 3 Reasons Why
    Zacks2 hours ago

    Amazon (AMZN) is an Incredible Growth Stock: 3 Reasons Why

    Amazon (AMZN) could produce exceptional returns because of its solid growth attributes.

  • Exclusive: WeWork signs fourth Nashville lease — and real estate chief promises more to come
    American City Business Journals2 hours ago

    Exclusive: WeWork signs fourth Nashville lease — and real estate chief promises more to come

    "One hundred percent, we will continue to grow here," WeWork exec tells the Business Journal. "I still feel like in Nashville, we are just scratching the surface." (The company has racked up 224,000 square feet of Nashville office space)

  • Should Comcast Sell Its Stake in Hulu to Disney?
    Market Realist3 hours ago

    Should Comcast Sell Its Stake in Hulu to Disney?

    What’s Ahead for Hulu after AT&T Stake Sale?(Continued from Prior Part)Hulu’s ownership Hulu has been changing hands amid rising consolidation in the media industry due to cord-cutting and the growing popularity of online video streaming

  • Google Beats Amazon to the Punch
    Motley Fool13 hours ago

    Google Beats Amazon to the Punch

    Google Home speakers are getting free music.

  • Jeff Bezos Is Leading Amazon (AMZN) in the Right Direction
    SmarterAnalyst14 hours ago

    Jeff Bezos Is Leading Amazon (AMZN) in the Right Direction

    Amazon (NASDASQ:AMZN) CEO Jeff Bezos delivered his annual shareholder letter last week, which helped boost the stock. Bezos explained the growth narrative tied to Amazon’s e-commerce channels, AWS, future expansion into new areas through an iterative approach, and efforts to make smart bets to remain innovative, but also the willingness to lose money if in the event an experiment doesn’t work.The founder of Amazon has managed to keep an innovative culture going while they continue to disrupt e-commerce. Bezos anticipates that Amazon can continue to grow its e-commerce footprint in various markets outside the United States where there has been minimal market penetration of e-commerce in general.Amazon stock is hovering just under $1T and remains stuck in a tight range. Earnings could catalyze the stock near-term, but what remains important is the visionary stature of the company when compared to various other technology peers.While, there have been a number of publicity failures tied to Amazon’s HQ search this past year, Bezos made no mention of the HQ search in his annual letter, but instead directed much of the focus on their ability to grow their e-commerce business, AWS and the minimum wage increase to $15.Jeff Bezos mentions in his shareholder letter the importance of 3rd-party sellers and how it has contributed to its total e-commerce revenue and volumes when compared to eBay:> Something strange and remarkable has happened over the last 20 years. Take a look at these numbers: Third-party sales have grown from 3% of the total to 58%. To put it bluntly: Third-party sellers are kicking our first party butt. Badly. And it’s a high bar too because our first-party business has grown dramatically over that period, from $1.6 billion in 1999 to $117 billion this past year. The compound annual growth rate for our first-party business in that time period is 25%. But in that same time, third-party sales have grown from $0.1 billion to $160 billion – a compound annual growth rate of 52%. To provide an external benchmark, eBay’s gross merchandise sales in that period have grown at a compound rate of 20%, from $2.8 billion to $95 billion.Not to point daggers at anybody, but Bezos basically stated that their third-party retail sales (which is very similar to eBay’s listing marketplace) grew at annual growth rate of 52% versus eBay at 20%, and it’s representative of 58% of Amazon’s total retail sales. These are the key metrics that define Amazon’s e-commerce growth narrative, and it’s likely where Amazon will continue to invest resources, so they can attract more third-party retail sales at the detriment of eBay.It’s likely that Amazon’s 3rd-party retail will continue to dominate in comparison to eBay (where historically that wasn’t always the case) but has now become an established reality given Amazon’s 3rd-party retail represents $160 billion in sales on the platform versus eBay at $98 billion in total platform sales.The divergence in narrative between Amazon and eBay will continue, as eBay as a stand-alone website property hasn’t gone much further into enhancing features for eBay sellers. What has helped Amazon at beating eBay? Well, Bezos explains in his letter:> We helped independent sellers compete against our first-party business by investing in and offering them the very best-selling tools we could imagine and build. There are many such tools, including tools that help sellers manage inventory, process payments, track shipments, create reports, and sell across borders – and we’re inventing more every year.This paints a somewhat gloomy narrative both by the numbers but also the internal efforts to supply core competencies tied to Amazon’s distribution and ecosystem that eBay cannot provide. While its been a well-established fact that Amazon can continue to execute, there was one more hint or clue in the annual shareholder letter that points to Amazon’s future.Bezos believe that further expansion into global retail will require a combination of e-commerce and brick-and-mortar initiatives:> Amazon today remains a small player in global retail. We represent a low single-digit percentage of the retail market, and there are much larger retailers in every country where we operate. And that’s largely because nearly 90% of retail remains offline, in brick and mortar stores. With Amazon Go, we had a clear vision. Get rid of the worst thing about physical retail: checkout lines. No one likes to wait in line. Instead, we imagined a store where you could walk in, pick up what you wanted, and leave.What’s interesting about Bezos is the fact that he believes that Amazon is “small player in global retail.” What this points to though, isn’t the fact that he thinks Amazon can service every customers with online-only sales, but how he transitions the idea to Amazon Go, where he believes that a technology-driven approach to checkout lines, and a seamless buying/selling experience could be globally disruptive and it’s where Amazon could continue to deploy resources (where they only have 10 stores in the United States in Seattle, Chicago and San Francisco).The brick-and-mortar transition for Amazon has been slow, and more iterative in nature. But it could play into Amazon’s global ambitions of being a relevant retailer both online and offline (which can also) be integrated into its online-based business. The execution on the AWS front has been strong, but efforts by Bezos to outline expectations tied to retail shouldn’t be ignored either, because this is Amazon’s bread-and-butter business.If Amazon were to surprise shareholders with more efforts tied to retail, it would double-down on its incumbency advantage. Based on the dialogue from Bezos within the shareholder letter, it’s safe to presume that on-going efforts to disrupt retail whether online or offline remains one of Amazon’s biggest priorities. Read more on AMZN: * 4 Reasons Why Amazon’s (AMZN) Alexa Is Doomed to Fail * Top Analyst Pounds the Table on Amazon (AMZN) Stock * Amazon’s Cloud Segment Remains a Major Growth Driver for the Stock * Amazon Makes Strides in the Grocery Game; Stock Remains a Strong Buy More recent articles from Smarter Analyst: * Why Autonomous Could Be a Strong Driver for Nvidia (NVDA) Stock * Microsoft (MSFT) Stock's Big Rally Should Continue * Oppenheimer Still Sees 40% Upside for Tesla (TSLA) Stock * The Qualcomm (QCOM) Hype Continues: Canaccord Boosts Price Target on the Stock

  • Food stamps and online grocery shopping are about to mix
    Associated Press15 hours ago

    Food stamps and online grocery shopping are about to mix

    NEW YORK (AP) — Amazon and Walmart on Thursday kicked off a two-year government pilot program allowing low-income shoppers on government food assistance in New York to shop and pay for their groceries online for the first time.

  • National Enquirer being sold to former head of airport mainstay Hudson News
    MarketWatch16 hours ago

    National Enquirer being sold to former head of airport mainstay Hudson News

    The National Enquirer is being sold to the former head of the airport newsstand company Hudson News following a rocky year in which the tabloid was accused of burying stories that could have hurt Donald Trump’s 2016 presidential campaign.

  • Longtime Amazon director explains what Jeff Bezos wants from his board
    American City Business Journals18 hours ago

    Longtime Amazon director explains what Jeff Bezos wants from his board

    Madrona Venture Group's Tom Alberg was an early investor in Amazon and has watched the company become a retail giant. The foundation for growth started with six-page memos.

  • TheStreet.com18 hours ago

    Bears Suffer Another Setback Heading Into the Heart of Earnings Season

    The initial gap-up open was caused by better-than-expected March retail sales of 1.6% versus estimates of around 0.7%. The bear's narrative that growth is slowing may still be valid, but with a friendly Fed, a tight labor market and data like these retail sales the chances for upside surprises are good. Impeachment or serious charges against President Trump would create uncertainty and hurt the focus on positive economic growth and that is really the only thing the market cares about.

  • DJIA 101: How Does the Dow Jones Work?
    Investopedia18 hours ago

    DJIA 101: How Does the Dow Jones Work?

    In this article find out how the Dow Jones Industrial Average works, tracks market movements, and what changes mean for investors and the stock market.

  • 3 Trends Emerging from the Q1 Earnings Season
    Zacks18 hours ago

    3 Trends Emerging from the Q1 Earnings Season

    3 Trends Emerging from the Q1 Earnings Season

  • Bloomberg18 hours ago

    Amazon Launches Free Music Streaming to Juice Alexa-Device Sales

    The free service, announced Thursday, will be available to customers with Alexa devices who don’t subscribe to Amazon Prime, the loyalty program known mostly for shipping discounts. The new service will feature general-interest playlists like “Pop Culture,” 80s music and country, Amazon said in a statement. It will compete with existing free services from Spotify Technology and Sirius XM-owned Pandora.

  • Amazon Prime Could Be Peaking in the U.S.
    Motley Fool20 hours ago

    Amazon Prime Could Be Peaking in the U.S.

    The popular membership program is in at least 80% of U.S. households.

  • Netflix Earnings Fuel the Battle Over NFLX Stock
    InvestorPlace20 hours ago

    Netflix Earnings Fuel the Battle Over NFLX Stock

    Everyone should be happy with Netflix (NASDAQ:NFLX) earnings. Proponents and skeptics alike should see the report as confirming their case. The trading in Netflix stock seems to reflect that: NFLX has moved around, but as of this writing is down just 1% after gaining 3% heading into the release.Source: Vivian D Nguyen via Flickr (Modified)I personally have taken both sides of the trade. I called Netflix stock the best contrarian bet in tech during the market-wide selloff late last year. And I backed off that call in February, after a big bounce and amid rising competition.The Q1 report isn't enough to move me strongly into either the bull or bear camp. And I suspect that will be true for those investors who more ardently have chosen a side.InvestorPlace - Stock Market News, Stock Advice & Trading Tips The Netflix Earnings NumbersFundamentally, Q1 looks like a "good news, bad news" type of quarter. Overall, results were excellent. Adjusted earnings per share of 76 cents came in 19 cents ahead of consensus. Revenue of $4.52 billion snuck just ahead of the average estimate of $4.5 billion. * 7 Stocks to Buy for Spring Season Growth Guidance for the second quarter, however, was a bit disappointing. Particularly, Q2 EPS was well below expectations, with the company targeting 55 cents against consensus of 99 cents.The same Q1/Q2 split is seen in the subscriber figures, which I've long argued remain the most important metric here. Q1 figures were impressive: Netflix picked up a record 9.6 million subscribers worldwide, exceeding consensus expectations for both U.S. and international growth. In turn, Q2 numbers look somewhat disappointing: subscriber adds in the five million range would actually slow year-over-year, and are about half a million shy of Wall Street estimates.Overall, the first half -- assuming guidance is reasonably correct -- looks to be about what should have been expected. The question is whether that's a good thing for Netflix stock. Shares, after all, have gained 34% this year. Everybody Wins With NFLX StockWith a balanced set of pros and cons, traders from all angles are eager to digest the earnings data.Bulls on Netflix stock will see the report as confirming their thesis that Netflix can, and will, dominate media worldwide. Again, the company added almost 10 million subscribers in just three months. In the seemingly saturated U.S. market, NFLX picked up another 1.74 million subscribers, net. AT&T (NYSE:T) unit DirecTV Now closed 2018 with 1.4 million subscribers, total.Q2 profit margins do look disappointing, but the company reiterated a healthy 13% operating margin target for the year. And as the shareholder letter noted, the company still is working through price increases not just in the U.S., but Brazil, Mexico and some European countries.Those increases clearly aren't slowing subscriber growth, let alone shareholder numbers. Ultimately, they should help margins further in coming quarters.Netflix bears have some ammunition as well. Competition is on the way, most notably from Disney (NYSE:DIS), whose launch of a new (cheap) streaming service was well-received last week. Disney now has majority ownership of Hulu as well, while Amazon.com (NASDAQ:AMZN) still lurks.Subscriber growth for Q2 is disappointing. The 13% operating margin target requires improvement in the second half. And as bears like to point out, Netflix is burning cash as it develops its content. In fact, the company raised its cash burn target for the year by $500 million, to roughly $3.5 billion.Against a $157 billion market capitalization, that cash burn seems dangerous, to say the least. It suggests that Netflix is buying its subscriber growth. When that "opportunity" fades -- perhaps with help from Disney and Hulu -- its user base will start to shrink. That might spell trouble for NFLX stock. On the Sidelines With Netflix StockFrom here, the report simply isn't quite enough to materially change the case for NFLX. The arguments about cash flow seem somewhat short-sighted: Netflix is investing in content that will pay off for years to come, and simply paying the cost upfront.Plus, near-term cash flow would be much stronger were it just to license content from Disney, AT&T's WarnerMedia and Comcast (NASDAQ:CMCSA) unit NBCUniversal, and other providers. But the long-term costs would be higher: Netflix would be paying licensee fees in 2026 and 2032 that it won't have to on its own content.However, valuation here is intense.Even with Disney stock soaring of late, Netflix's market cap is about two-thirds that of its ostensible rival. NFLX stock trades at 57x 2020 EPS estimates. It's not cheap, or even close. And we saw in Q4 how NFLX responds if market fears rise.Netflix is an interesting investment, and I see the story as likely to hold for the long-term. But price matters, and unless its earnings wind up leading to a larger decline, Q1 results weren't enough to make Netflix stock compelling just yet.As of this writing, Vince Martin has no positions in any securities mentioned. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Stocks to Buy for Spring Season Growth * This Is How You Beat Back a Bear Market * 7 Dental Stocks to Buy That Will Make You Smile Compare Brokers The post Netflix Earnings Fuel the Battle Over NFLX Stock appeared first on InvestorPlace.

  • 7 Companies That Are Closing the CEO-Worker Wage Gap
    InvestorPlace20 hours ago

    7 Companies That Are Closing the CEO-Worker Wage Gap

    A 2018 survey of CEO pay in 22 countries around the world including the U.S. found that the average CEO was paid $3.55 million annually.Here in Canada, where I live, the average CEO was paid a little more than $7 million. In the UK, it was almost a million higher than Canada.How about the U.S.?InvestorPlace - Stock Market News, Stock Advice & Trading TipsWell, it was the number one country for CEO pay at $14.25 million -- or more than four times the global average. Are U.S. CEOs worth that much -- or that much more than CEOs in other countries? Not by a long shot. But that doesn't stop some professorial types from singing their praises."The efforts of America's highest-earning 1% have been one of the more dynamic elements of the global economy. It's not popular to say, but one reason their pay has gone up so much is that CEOs really have upped their game relative to many other workers in the U.S. economy," stated George Mason University Economics professor Tyler Cowen in his recent book Big Business: A Love Letter to an American Anti-Hero. CEOs might have a more complicated job than they had 20 years ago, but that doesn't justify pay that is 361 times the average U.S. rank-and-file worker. U.S. Congressman Keith Ellison released a report in 2018 that suggested a median employee at Mattel (NYSE:MAT) would have to work at the company for 495 years to earn as much as a CEO's annual pay. Ridiculous. Investors need only to consider one fact. "Since 2008, the 100 companies with the lowest CEO compensation within the S&P 500 index have outperformed the 100 with the highest compensation every year except 2013," Bloomberg reported in March of this year. "The annualized return from 2008 to 2018 was 17.2 percent compared with 8.4 percent."It is clear that investing in companies who are doing a good job cutting the gap between the CEO's pay and the average employee is key to your portfolio's future success. * The Jobs Report Isn't an Effective Metric for the U.S. Economy Here are seven stocks to buy in that vein. Intuitive Surgical (ISRG)Source: Jon Fingas via Flickr (Modified)CEO Pay: $5.1 millionPay Ratio: 32:1The median worker's pay at Intuitive Surgical (NASDAQ:ISRG) is $157,491, the 22nd highest amount of compensation in the S&P 500. It kind of makes sense. Do you really want a bunch of low-paid workers manufacturing the company's da Vinci surgical robotic systems? One wrong move and your hernia repair becomes a one-way ticket to the morgue. I'm facetious, but I think you get my meaning. By having well-paid employees, not only are they likely to be happier; they're probably more productive especially when they realize that the CEO makes just 32 times their pay, about one-tenth the U.S. average. Intuitive Surgical has come a long way from 1999 when it launched the first da Vinci system. At the end of 2018, it had almost 5,000 systems installed; 64% of them in the U.S. with Europe and Asia its next biggest markets, but with plenty of room to grow. The global surgical robotics market is expected to grow by almost 14% annually over the next seven years to $17 billion. ISRG currently has a 17% market share. If it grows that market share to 25% by 2025, it translates into an additional $1.4 billion in revenue. As people age, minimally invasive surgery will become even more critical than it already is. As secular trends go, ISRG is one of the best bets you can make. American Water Works (AWK)Source: Shutterstock CEO Pay: $4.4 millionPay Ratio: 53:1American Water Works (NYSE:AWK) CEO Susan Story is the only woman on this list so if ESG issues are of interest to you; AWK is an excellent stock to consider. As for its business, that's also good. AWK was recently named one of Barron's 100 Most Sustainable U.S. Companies. Also, Bloomberg included AWK on its list of 230 companies for the 2019 Bloomberg Gender-Equality Index (GEI), a group selected for their dedication advancing the cause of women. That's a big deal when you consider that providing equal pay for U.S. women would add $512 billion to the economy on an annual basis. Here's another reason to like the water utility. AWK stock hasn't had a single year with a negative total return delivering a 10-year annualized total return of 20.6%, which goes entirely against the theory that utilities are dull and poor performers over the long haul. * 5 Dividend Stocks Perfect for Retirees Providing water services to more than 14 million people in 46 states, AWK is a stock whose business will never go the way of the Dodo bird. Fastenal (FAST)Source: Shutterstock CEO Pay: $2.0 million Pay Ratio: 58:1If you've owned Fastenal (NASDAQ:FAST) for the past five years, your patience is finally being rewarded after spending four years rangebound between $40-$50. Up 32% year to date through April 15, FAST stock looks like its gallop to $100 is underway. Consider that the supplier of industrial and construction supplies grew revenues and operating profits over the past five years by 49% and 40% to $5.0 billion and $1.0 billion respectively. And for that, its stock went sideways. In the company's Q1 2019 earnings, Fastenal grew the top and bottom lines by double digits. Revenues were up 12.2% on a like-for-like basis, and net earnings rose 11.9% to $0.68 a share. Helping move the needle is its industrial vending machine program. In the first quarter, it signed 5,603, bringing the total number to 83,410, an increase of 13.4% over Q1 2018. Sales at those machines grew in the high teens in the first quarter. And you thought vending machines were a thing of the past. Fastenal is all about customer service. It's got the growth to prove it. Amazon (AMZN)Source: Shutterstock CEO Pay: $1.7 millionPay Ratio: 59:1Say what you will about Amazon (NASDAQ:AMZN) CEO and founder Jeff Bezos, but you can't deny his company's success. A $10,000 investment ten years ago is worth almost $247,000 today. Bezos might be amoral or immoral in your opinion but his ability to deliver what the world's craving is astonishing. Everything Amazon does is to please the customer. In Bezos' annual letter to shareholders, he mentions the word customer on 49 occasions. "Much of what we build at AWS is based on listening to customers. It's critical to ask customers what they want, listen carefully to their answers, and figure out a plan to provide it thoughtfully and quickly (speed matters in business!). No business could thrive without that kind of customer obsession. But it's also not enough. The biggest needle movers will be things that customers don't know to ask for," the CEO wrote. * 7 Stocks to Buy for Spring Season Growth How many CEOs do you know that think like this? I can count the number on two hands. He might be an a**hole in the minds of many, but he's a brilliant one, cut from the same cloth as Elon Musk. Garmin (GRMN)Source: slgckgc via Flickr (modified)CEO Pay: $2.4 millionPay Ratio: 76:1The cream always rises to the top. Garmin (NASDAQ:GRMN) is one of those companies that seems to fly under the radar despite being a reasonably large company. If you own Fitbit (NASDAQ:FIT) stock, however, you're likely more than a little aware of Garmin. In the most recent quarter, Garmin delivered boffo earnings. Since announcing Q4 2018 results February 20, GRMN stock is up 24%. A key highlight from earnings was its guidance for 2019. Analysts were expecting earnings of $3.52 a share on $3.43 billion in revenue. Garmin CEO Cliff Pemble's outlook is for $3.70 a share on the bottom line and $3.50 billion on the top line. "2018 was another remarkable year of revenue and operating income growth driven by strong performance in our aviation, marine, outdoor and fitness segments," Pemble said in its news release. "Entering 2019, we see many opportunities ahead and believe that we are well positioned to seize these opportunities with a strong lineup of products across all of our segments."Hopefully, you're beginning to see a trend. Companies that keep the pay ratio low tend to deliver strong long-term results. Since Pemble became CEO in January 2013, GRMN stock has generated a 19.7% annualized total return for shareholders, 440 basis points greater than the SPDR S&P 500 ETF (NYSEARCA:SPY). Simon Property (SPG)Source: m01229 via Flickr (Modified)CEO Pay: $4.8 million Pay Ratio: 88:1A lot of investors might have a problem owning shopping malls. I certainly wouldn't. But they've got to be good. They can't be Class C malls with no-name retailers filling the place. That's a recipe for disaster. Zacks recently wondered if Simon Property's (NYSE:SPG) efforts were enough to battle the retail blues. Are we seriously still having that discussion in 2019. Well, it turns out there are a lot of crappy retailers still operating including Sears. "The deepening of the relationship with existing tenants, and the launch of its online retail platform, weaved with an omni-channel strategy, will likely be accretive to Simon Property's long-term growth," wrote Zack's equity research team April 8."In fact, the company is investing billions and actively restructuring its portfolio, aiming at premium acquisitions and transformative redevelopments. The transformational plans include the addition of hotels, restaurants, residences and luxury stores."The fact is, very few retail mall owners have the vision of the Simon family. They've been doing this a long time. They're more than capable of rolling with the punches. * 10 S&P 500 Stocks to Weather the Earnings Storm Good brick-and-mortar retail isn't disappearing. Just the crappy kind is. Know the difference. O'Reilly Automotive (ORLY)Source: JJBers via Flickr (modified)CEO Pay: $2.9 millionPay Ratio: 141:1O'Reilly Automotive (NASDAQ:ORLY) makes it on to the list despite hitting a 26-year high of $398.41 in early April and carrying on past $400 in the days that followed. Up 19% year to date through April 15, ORLY's only had one year of negative returns since 2009. As a result, you're looking at a 10-year annualized total return of 27.3%, almost double the S&P 500. In 2018, the retailer of aftermarket auto parts had same-store sales growth of 3.8%, at the top of its estimate for the year, the company's 26th year with an increase. In 2019, it expects same-store sales growth of 3%-5%. This past year it opened 200 net new stores in 36 states. It plans to open as many as 210 in 2019. It now has 5,219 stores across the U.S. On the bottom line, O'Reilly increased its EPS by 27% over 2017 to $16.10, the 10th consecutive year with a 15% increase in earnings. In 2019, it expects EPS of at least $17.37. Given its track record, you should expect more than that. At the time of this writing Will Ashworth did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 5 Dividend Stocks Perfect for Retirees * 7 Reasons the Stock Market Rally Isn't Over Yet * 10 S&P 500 Stocks to Weather the Earnings Storm Compare Brokers The post 7 Companies That Are Closing the CEO-Worker Wage Gap appeared first on InvestorPlace.

  • Reuters20 hours ago

    U.S. pilot program allows online grocery shopping with food stamps

    The U.S. Department of Agriculture on Thursday said it has launched a pilot program in New York that allows consumers dependant on food stamps to use them to buy groceries online, a move that is likely to boost sales at retailers like Walmart Inc and Amazon.com Inc. Both companies are participating in the initial pilot launch with Wakefern Food Corp's ShopRite supermarket chain expected to join the program early next week, the USDA said. Walmart will offer the service in upstate New York, while ShopRite and Amazon will service the New York City area.

  • MarketWatch21 hours ago

    Netflix to add production hub in NYC and create 127 new jobs

    Netflix Inc. is planning to add a production hub to its new York City operations, adding up to $100 million in investments to he city and hundred of jobs, Gov. Andrew Cuomo said Thursday. The hub will include an expanded office with 127 high-paying jobs in content, marketing and production over the next five years, he said. The streaming giant will add six sound stages in Brooklyn with the capacity for thousands of production crew jobs. Netflix's new corporate offices are expected to occupy about 100,000 square feet in the Flatiron District. The company has already produced many shows in New York City, including the women's prison series "Orange is the New Black," comedy series "Unbreakable Kimmy Schmidt," as well as The Martin Scorcese-helmed film "The Irishman." It has leased about 161,000 square feet of space at Johnson Ave. in Brooklyn. The company will receive up to $4 million tax credits over then years, directly tied to job creation. The news comes after Amazon.com Inc. cancelled plans to locate part of its second headquarters in Long Island City, Queens, after opposition from locals to the billions of dollars it was set to receive from the state. Netflix shares were up 1.3% on Thursday, and have gained 34% in 2019 so far, while the S&P 500 has gained 16%.

  • Strong Retail Sales Could Keep the Recession Pundits at Bay
    Market Realist21 hours ago

    Strong Retail Sales Could Keep the Recession Pundits at Bay

    Global Economic Indicators Paint a Mixed PictureRetail sales According to the US Department of Commerce, US retail sales soared 1.6% in March compared to February, their highest pace of growth since September 2017. Another encouraging piece of news

  • Hiding Anti-Vaccine Ideas Only Makes Them More Powerful
    Bloomberg22 hours ago

    Hiding Anti-Vaccine Ideas Only Makes Them More Powerful

    (Bloomberg Opinion) -- The other day, a columnist for the Detroit Free Press wondered if the sudden spate of measles cases in several parts of the country might be the fault of Amazon.com Inc., because until recently it offered books and videos created by anti-vaccination activists.

  • Eric Schmidt on How to Run a Major Tech Company
    Yahoo Finance Video22 hours ago

    Eric Schmidt on How to Run a Major Tech Company

    Yahoo Finance's Adam Shapiro, Julie Hyman, and Andy Serwer discuss tonight's episode of Influencers with Eric Schmidt.