AMZN - Amazon.com, Inc.
1,990.00 +4.37 (0.22%)
After hours: 7:40PM EDT
| Previous Close | 1,964.52 |
| Open | 1,971.14 |
| Bid | 1,988.25 x 1000 |
| Ask | 1,989.95 x 800 |
| Day's Range | 1,958.26 - 1,989.00 |
| 52 Week Range | 1,307.00 - 2,050.50 |
| Volume | 2,791,404 |
| Avg. Volume | 3,979,517 |
| Market Cap | 977.589B |
| Beta (3Y Monthly) | 1.62 |
| PE Ratio (TTM) | 82.89 |
| EPS (TTM) | 23.95 |
| Earnings Date | Jul 25, 2019 |
| Forward Dividend & Yield | N/A (N/A) |
| Ex-Dividend Date | N/A |
| 1y Target Est | 2,243.50 |
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As Amazon (AMZN) stock looks unstoppable, many investors are wondering if the party can go on. In about a week, Wall Street will have some clarity as the e-commerce giant reports second-quarter earnings. Amazon has guided for Q2 revenue in the range of $59.5 - 63.5 billion (a rise of 12.5% to 20% compared to last year), with analysts expecting $62.5 billion, or 18.1% rise. On the EPS side, Amazon has reported $5.07 this quarter last year, while analysts are expecting $5.58 this year. Overall, growth will continue to be fueled by e-commerce and AWS, but also rising segments, including advertising and 3PL services. Ahead of the print, Monness analyst Brian White is reiterating a Buy rating on AMZN stock and $2,300 price target, which implies nearly 17% upside from current levels. As always, we like to give credit where credit is due. According to TipRanks, which measures analysts’ and bloggers’ success rate based on how their calls perform, White has a yearly average return of 27.4% and a 76% success rate. White has an average return of 11.6% when recommending Amazon and is ranked 11 out of 12,087 experts. (To view White's stocks list, click here)White believes “Amazon will meet [his] 2Q:19 revenue estimate of $62.56 billion (up 18% YoY) and slightly exceed...EPS projection of $5.63.” The analyst expects a 5% increase in revenue since Q1, which is “slightly above the four-year average increase of 4% for past June quarters.” The analyst also expects AWS to be show continued momentum. The analyst says AWS will “deliver the fastest segment growth rate with 2Q:19 sales rising 39% YoY to $8.50 billion,” as it continues to be the strongest profit source for the company. Meanwhile, White anticipates advertising to “remain a profitability swing factor,” and calls it "a positive surprise." One of the things investors love about Amazon is that it continues to reach different markets and add new value-add features to e-commerce. Recently, the company said it would make Prime even more appealing, by replacing two-day shipping with one-day. As a result of strong profit from AWS, logistics and advertising, Amazon is able to provide services without risking going into negative territory. Aside from that, Amazon continues to play a part of people's lives. For example, its Alexa line of devices are increasing in their capabilities, while its music streaming service is also growing. All in all, as the company gears up to announce earnings, most analysts on Wall Streets are out rooting for this retail titan to be a winning stock pick. TipRanks analysis of 36 analyst ratings shows a Strong Buy consensus, with 35 analysts recommending Buy and only one suggests Hold. The average price target among these analysts stands at $2,269, which represents about 15% upside from current levels. (See AMZN's price targets and analyst ratings on TipRanks)
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What's in your wallet? If you've been carrying Visa (NYSE:V) stock in your portfolio, there's plenty of dollars to be sure. And in front of earnings this week, it's also time to keep what's yours and take profits in Visa stock. Let me explain.Source: Shutterstock To say Visa shareholders have had a nice run is an understatement. Since the financial crisis low ten years ago V stock is up a staggering 1,500%, give or take 100% or so. But trends like Visa's shouldn't be taken for granted.Bottom line, all trends like Visa stock's do come to an end. I'm not simply talking about the V stock chart either. Consistent profit and sales beats over the past few years have been the norm for Visa. But taken together, that's worrisome. And considering expectations polled through crowd sourcing outfit Estimize are even higher for Visa to deliver yet again, maybe even more so.InvestorPlace - Stock Market News, Stock Advice & Trading TipsWhether a corrective period or, worse yet, a bear market are the result of an actual earnings disappointment or a perceived quarterly slight from demanding expectations, the risk for holding through a report is increased in Visa right now. And from there, conditions could rightfully get a whole lot worse for Visa stock into the foreseeable future. Visa Stock Monthly ChartMost investors reminisce about owning the next big thing in technology. And no doubt gains in stocks like Amazon (NASDAQ:AMZN), Apple (NASDAQ:AAPL) or a name like Netflix (NASDAQ:NFLX) are notoriously impressive. * 7 'Strong Buy' Defensive Stocks For 2019 Still, as expressed above, Visa stock is no slouch either. More concerning, unlike the bull runs in AMZN, AAPL or NFLX, which have included tumultuous corrective periods to challenge even the most fervent bullish investors, V has barely been tested over the past decade. Click to EnlargeThe closest technical test for Visa bulls was last winter's ubiquitous market correction when shares corrected by 19.62% or 2015's drop of 21% in less than two months' time. And those incidents barely constitute a bear scare which official signals at 20% or more. Bottom line, as well as simply looking at the squiggly price line of Visa stock's monthly price chart, I'd strongly caution all trends do come to an end and sometimes quite abruptly. Visa Stock StrategyGiven the nearly uninterrupted technical run Visa stock has enjoyed and shares now facing some angular trendline channel resistance, as well as a questionable stochastics set-up, taking profits in front of Tuesday night's earnings report makes prudent sense.For those investors looking to pick up long exposure in V, I'd personally wait for a more meaningful correction. And in our estimation, that correction will be one which can simultaneously test the patience of bulls, as well as reintroduce key and nearly forgotten technical supports no stock is immune from.Disclosure: Investment accounts under Christopher Tyler's management do not currently own positions in any securities mentioned in this article. The information offered is based upon Christopher Tyler's observations and strictly intended for educational purposes only; the use of which is the responsibility of the individual. For additional options-based strategies and related musings, follow Chris on Twitter @Options_CAT and StockTwits. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Defense Stocks to Buy to Fortify Your Portfolio * 10 High-Flying, Overvalued Stocks in Danger of Crashing * 8 Stocks to Buy That Are Growing Faster Than Amazon The post Donat Wait for Earnings. Take Profits Now in Visa Stock appeared first on InvestorPlace.
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