|Bid||80.80 x 200|
|Ask||80.82 x 400|
|Day's Range||80.54 - 81.44|
|52 Week Range||65.28 - 81.99|
|PE Ratio (TTM)||18.29|
|Dividend & Yield||2.04 (2.53%)|
|1y Target Est||N/A|
Amazon (AMZN) just launched Instant Pickup, in which Prime Members will be able to get a "a curated selection of daily essentials" in two minutes or less at five fully staffed locations. Morgan Stanley's Ravi Shanker, Brian Nowak and their team write that the move is consistent with what they expect the company to look like after it acquires Whole Foods (WFM), and reiterates the importance of brick-and-mortar stores, even in an ecommerce world. Instant Pickup means that Amazon can offer Prime members a huge variety of "free fulfillment choices" from Instant to two days (depending on the item).
The "Fast Money" traders share their moves for the first hours of the trading day.
Stocks opened on the advance Wednesday, despite some weak early housing data, as the Nasdaq and S&P 500 looked to revive their rebounds stalled on Tuesday.