|Bid||76.47 x 300|
|Ask||76.48 x 100|
|Day's Range||75.76 - 76.91|
|52 Week Range||51.61 - 79.90|
|PE Ratio (TTM)||22.48|
|Earnings Date||Aug 27, 2018 - Aug 31, 2018|
|Forward Dividend & Yield||1.80 (2.39%)|
|1y Target Est||75.80|
SAN FRANCISCO/WASHINGTON (Reuters) - Big companies in the United States from Amazon.com Inc to Toyota Motor Corp and Alcoa Corp are working to counter the effect of the Trump administration's trade policies and to head off new tariffs. Companies are attempting to avoid any confrontation with U.S. President Donald Trump but want to exert as much influence as they can to dissuade him from tearing up trade agreements or introducing tariffs on a wide swath of imports. Amazon, the world's largest online retailer and cloud-computing company, which could be hurt by tariffs on items sold through its website and components for its data centers, is discussing industry-wide advertising campaigns and more extensive government lobbying, a person familiar with the matter told Reuters on condition of anonymity.
The company has doubled its digital sales in five years and made other changes to turn around the business -- but is it enough?
Retail stocks are on the move. One such beaut is Best Buy (NYSE:BBY), which galloped 2.1% higher Thursday. It seems like just yesterday — it was 2012 — that investors were clamoring about the death of brick and mortar retailers.
Retailers owe Amazon.com Inc. While Amazon was busy announcing on Wednesday, July 18, that customers worldwide bought more than 100 million products, valued at $3.5 billion in sales for Prime Day, large bricks-and-mortar retailers cashed in, too. "As a result of Amazon's 'holiday' increasing in popularity, numerous retailers offered deals on their own sites to combat Amazon, turning mid-July into a mini-holiday-shopping season," said ADI director Taylor Schreiner in the report.
Huawei Technologies, the Chinese smartphone maker, is closing in on Apple Inc. ( AAPL), announcing that it shipped 100 million phones as of Tuesday and that it is on track for total shipments of 200 million units this year. If that goal is met, it would put it within reach of Apple, which is in second place in terms of smartphone shipments behind Samsung Electronics. The South China Morning Post reported that the shipment of 100 million is the fastest pace Huawei has seen in years.
In Best Buy’s perfect world, all 380 of its new “in-home advisors” would park their clean, white Priuses in front of a customer’s house rather than in the driveway, where the car could block others. After knocking gently on the front door, they would step back and stand to the right, smiling, head down slightly, arms uncrossed, name tag visible on their blue, wrinkle-free Best Buy polo shirts.
Walmart (NYSE:WMT) CEO Doug McMillon has done an excellent job building a reputable online business since taking the top job in February 2014. Walmart began its e-commerce initiatives in 2000 when it launched Walmart.com.
Home furnishings and décor retailer At Home Group Inc. (home) says proposed tariffs on $200 billion in Chinese goods won't have a material impact on results for fiscal 2019 or fiscal 2020. "Additionally, with an average selling price of less than $15 and an average basket of approximately $65, the company believes that in some circumstances, price adjustments could be made without materially affecting its overall customer value proposition," At Home said.
Learn about companies that Amazon competes with — including Google, Alibaba Group, Walmart and Target — in each of its different revenue segments.
A new marketplace, Undigital, is trying to make money off of the empty space in shipped boxes. Yahoo Finance’s Alexis Christoforous, Ethan Wolf-Mann and Melody Hahm talk about what they plan to fill it with.