1,863.50 -1.32 (-0.07%)
Pre-Market: 8:38AM EDT
|Bid||1,860.00 x 800|
|Ask||1,860.34 x 800|
|Day's Range||1,860.44 - 1,876.47|
|52 Week Range||1,307.00 - 2,050.50|
|Beta (3Y Monthly)||1.71|
|PE Ratio (TTM)||92.59|
|Earnings Date||Apr 25, 2019|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||2,080.44|
The Lyft IPO has rightfully left a bad taste in the mouths of many investors who were clearly bamboozled.
Yandex Q1 Preview: Advertising, Cloud, Hardware, and Uber IPO(Continued from Prior Part)Yandex owns a stake in UberRide-hailing giant Uber is planning to go public this year, following in the footsteps of its rival Lyft (LYFT). Yandex (YNDX) owns
Stepping up the race for automated deliveries with online retailers such as Amazon, Casino's Franprix chain will test the delivery robots on the streets of Paris's 13th arrondissement for a year. In the French capital, where Amazon has been running its Amazon Prime Now express delivery service since 2016, the speedy and convenient delivery of food has become a battleground among retailers. This is what builds the relationship with customers," Franprix Managing Director Jean-Pierre Mochet said of the service, which will be free.
Amazon is shutting down its domestic e-commerce marketplace business in China. The U.S. firm said it will focus on "cross-border" selling to Chinese consumers. Amazon has faced stiff competition from Chinese e-commerce giants Alibaba and JD.com.
SAN FRANCISCO/BEIJING/HONG KONG (Reuters) - Amazon.com Inc said it will shut its China online store by July 18, as the U.S. e-commerce giant focuses on the lucrative businesses of selling overseas goods and cloud services in the world's most populous nation. The move underscores how entrenched, home-grown e-commerce rivals have made it difficult for Amazon's marketplace to gain traction in China. Consumer research firm iResearch Global said Alibaba Group Holding's Tmall marketplace and JD.com controlled 82 percent of the Chinese e-commerce market last year.
Amazon will keep running its other businesses in China, including Amazon Web Services, Kindle e-books, and cross-border operations that help ship goods from Chinese merchants to customers abroad. Starting on July 18, customers logging in to Amazon’s Chinese web portal, Amazon.cn, will only see a selection of goods from its global store, rather than products from third-party sellers.
Amazon said that it will close its online store in China that allows the country’s consumers to buy from Chinese merchants after facing difficulties competing with domestic champions Alibaba and JD.com. The company said it was shifting its focus to selling imported goods in China, based on greater customer demand for products from the US and elsewhere. “Over the past few years, we have been evolving our China online retail business to increasingly emphasise cross-border sales, and in return we’ve seen very strong response from Chinese customers,” the statement said.
SAN FRANCISCO/SHANGHAI (Reuters) - Amazon.com Inc on Thursday said it is notifying sellers that it will no longer operate a marketplace nor provide seller services on its Chinese website, Amazon.cn, from ...
The outcome Wednesday was that it raised about $1.4 billion in an above-range initial public offering. Pinterest operates in a crowded digital marketing space, where Google and Facebook Inc. get the lion’s share of ad dollars, and a smattering of smaller platforms like Twitter Inc. and Snap Inc. get the rest. The San Francisco-based company, which serves as a sort of digital bulletin board for pictures and ideas for furniture, fashion, weddings, recipes and more, has a direct line to millions of people who are looking for specific things to buy.
The planned projects — all along Dexter Avenue — join two under-construction office/life science developments totaling more than 1.1 million square feet.
The bears couldn't keep the CBOE VIX index elevated in Wednesday trading while earnings reports continue to flow in. It's going to be another busy day on Thursday in that regard, although be mindful of Friday, when the markets are closed for the holiday. Let's get a look at some top stock trades on Wednesday.Note, large cap tech stocks continue to trade well and are showing solid momentum. Here's our outlook on Amazon (NASDAQ:AMZN) and Alphabet (NASDAQ:GOOG, NASDAQ:GOOGL) from earlier this week. Top Stock Trades for Tomorrow 1: IBMInvestorPlace - Stock Market News, Stock Advice & Trading TipsI have never been a huge fan of IBM (NYSE:IBM) as its growth remains painfully disappointing. However, the stock has been trading much better.Shares are down "just" 4% on Wednesday after the company reported first-quarter earnings and this will be an important one to watch this week. I would like to see IBM hold $140 -- a little above current levels -- but as long as it can maintain its current prices, it's technically okay on the weekly chart. * 7 Stocks to Buy for Spring Season Growth Over $138 keeps it above all of its major moving averages and above its post-earnings low. Above $140 and IBM stock will still be above prior downtrend resistance. The good news? We'll know a day early, as this weekly candle will be finished on Thursday at 4 p.m. ET. Top Stock Trades for Tomorrow 2: NetflixAbove is a weekly chart of Netflix (NASDAQ:NFLX) stock, while below is a daily look at the streaming giant. This stock has been astoundingly quiet considering it's usually explosive moves -- particularly on earnings! Above, shares are clinging to the 10-week and 50-week moving averages. Should it lose these levels, it could open the door to lower prices. On that chart, $300 is a big, round level that stands out.On the daily chart though, there could be some buyers waiting for a dip down to the $310 to $320 level. Over $370 on both charts will revitalize NFLX stock. This is a momentum stock and the lack of bullish momentum here is a concern to me, especially on earnings. Top Stock Trades for Tomorrow 3: Abbott LabsShares of Abbott Labs (NYSE:ABT) are taking a bath on Wednesday, down over 4% and adding to its losses on Tuesday despite beating on earnings and revenue expectations.It would be encouraging for bulls to hold this $72 to $73 level as support, given its former role as resistance. However, ABT may require a washout down to the 200-day moving average at $70.The writing was on the wall with this one. Downtrend resistance (blue line) continued to grind ABT into support at $77.50 (black line). Once it broke on Tuesday, this one was a goner.See how it handles current levels. If it can't bounce, look for a 200-day test. Top Stock Trades for Tomorrow 4: Biotech ETFThe biotech and healthcare space hasn't been doing all that well and it shows on the iShares Biotech ETF (NASDAQ:IBB), which is down almost 4% on the day.Keep it simple: $108 support gave way, while $115 refused to budge on the upside. Buyers may consider stepping in between $100 and $102 if we get more downside. Otherwise, see how the IBB does on a retest of $108. Top Stock Trades for Tomorrow 5: Domino's PizzaDomino's Pizza (NYSE:DPZ) is doing well on Wednesday, up about 4% after an upgrade from Morgan Stanley.It's great to see this one back above the 10-week moving average, as it now contends with the 50-week moving average. Bulls may consider buying a breakout over the 50-week or a pullback to the 10-week, assuming it holds as support. * 10 S&P 500 Stocks to Weather the Earnings Storm Domino's is putting in a series of higher lows and looks like it could be prepped for more upside. Some even say it's too cheap. If DPZ goes on a run, see how it does with $290.Bret Kenwell is the manager and author of Future Blue Chips and is on Twitter @BretKenwell. As of this writing, Bret Kenwell is long GOOGL. 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 5 Top Stock Trades for Thursday: DPZ, NFLX, IBM appeared first on InvestorPlace.
Facebook Inc is working to develop a voice assistant to rival the likes of Amazon.com Inc's Alexa, Apple Inc's Siri and Alphabet Inc's Google Assistant. "We are working to develop voice and AI assistant technologies that may work across our family of AR/VR products including Portal, Oculus and future products," a Facebook spokesperson told Reuters in an e-mailed response on Wednesday. According to research firm eMarketer, Amazon's Echo is expected to capture 63.3 percent of smart speaker users in 2019, while Google Home will account for 31 percent.
Netflix Inc. (NFLX), the spectacularly successful streaming giant whose shares have risen about 7-fold in five years, is now overvalued and poised for a fall, according to Gene Munster, managing partner and co-founder at Loup Ventures. While many analysts remain bullish despite the streaming giant's mixed earnings report, Munster says the stock will be reined in by rising cash burn and heightened competition from rivals such as Walt Disney Co. (DIS), Apple Inc. (AAPL) and Amazon.com Inc. (AMZN), per an interview with CNBC. Netflix stock has fallen roughly 15% off its 2018 high and made little movement over the last three months.
One county official told Amazon that he expected a bulk of the $75 million to be shared between two localities.
Yahoo Finance's Brian Cheung sat down exclusively with St. Louis Fed President & CEO James Bullard about the economy and monetary policy.
Yahoo Finance's Adam Shapiro chats with Mercedes-Benz US.. CEO & President Dietmar Exler. He fills Julie Hyman in on the latest with luxury cars.