|Bid||0.00 x 1000|
|Ask||0.00 x 1000|
|Day's Range||1,767.03 - 1,799.01|
|52 Week Range||1,307.00 - 2,050.50|
|Beta (3Y Monthly)||1.63|
|PE Ratio (TTM)||89.24|
|Earnings Date||Apr 24, 2019 - Apr 29, 2019|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||2,080.05|
Walmart's chief technology officer, Jeremy King, is exiting the world's largest retailer. What's next?
Amazon rules the roost when it comes to e-commerce marketplaces in countries like the U.S., but today it's announcing a deal that it hopes will be a start to its plan to have that same kind of ubiquity outside of its walled garden. The company has inked a deal with Worldpay for the latter to become its first acquirer. This means that Worldpay -- one of the more ubiquitous providers of payment technologies, processing 40 billion transactions worth some $1.7 trillion annually through 300+ payment options and 120 currencies -- will now be offering Amazon Pay as part of that mix, so that any merchant can offer this as a payment and shipping option to its customers.
The big move for Facebook over the near-term will be its inroads into e-commerce. Facebook will attempt different strategies, on its smaller platform, Instagram, at first, before fully rolling out this service on its family of platforms. Consequently, Mark Zuckerberg noted to investors that commerce is going to be a very big focus for the company in the near-term as a way of helping consumers to discover new brands, an also expanding the power of influencers on its platforms.
The Retail, Wholesale, and Department Store Union submitted a complaint Wednesday to the National Labor Relations Board alleging that the retailer violated federal law when it terminated Staten Island fulfillment center employee Rashad Long. In December, Long joined a rally at City Hall protesting Amazon’s proposed expansion in Queens. During the protest, a participant read out a statement from Long criticizing Amazon for what he deemed disrespectful management, unfair discipline, inadequate security and poor health and safety.
The development team plans to put a large restaurant in the Seattle Times' former headquarters building, which is being preserved as part of the full-block project.
In recent months, Amazon has been more aggressively enforcing its policy of suspending ads if the product being promoted doesn't make money. It's part of a series of recent moves by Amazon to help the company reach record profits. The change poses a challenge for Amazon, because its ad business is very lucrative and growing rapidly.
The Latest Updates from the Telecom Sector(Continued from Prior Part)Sprint seeks to strengthen enterprise-focused businessSprint (S) has joined Google (GOOGL) and Amazon (AMZN) in leveraging artificial intelligence technology to enhance its
As such, it's time to separate the potential winners from the likely losers from Alphabet's latest moonshot. Alphabet announced during Tuesday's Game Developer Conference that it will utilize AMD GPU for the new cloud-based gaming platform citing the strong relationship between the two companies. "We've worked closely with AMD for years on this project, leading to the development of a custom GPU with leading-edge features and performance for Google Stadia," said Google's head of Stadia development Dov Zimring.
Walmart CTO Jeremy King is leaving the company, according to a memo obtained by CNBC. King led Walmart's transition from a retailer to more of a tech company, as the world's largest retailer worked to bulk up and compete with e-commerce rivals, namely Amazon. Walmart's WMT chief technology officer, Jeremy King, is leaving the company, according to a memo obtained by CNBC.
Before Japanese electronics firm Sony (NYSE:SNE) got its groove back, critics slammed Sony stock as an irrelevant investment. But one chapter of the book remained immensely viable: PlayStation. Even now, with shares comparatively out of the doldrums, SNE depends heavily on its gaming division.Source: Dalvenjah via FlickrUnfortunately, another titan put this segment on notice. Joining rival Amazon (NASDAQ:AMZN), Alphabet (NASDAQ:GOOG, NASDAQ:GOOGL) announced on Tuesday its new gaming platform, Stadia.Based on streaming technology, Stadia will advantage Alphabet's cloud-computing networks to deliver hardware-free gaming. The idea here is to promote open-source entertainment, which would disrupt Sony and console-maker Microsoft (NASDAQ:MSFT).InvestorPlace - Stock Market News, Stock Advice & Trading TipsUnsurprisingly, SNE stock dropped more than 1% in the regular session, and shed nearly 2% during extended hours. Nintendo (OTCMKTS:NTDOY) also felt the heat. As a company levered mostly to consoles, Nintendo depends on a healthy gaming market. With Alphabet pushing its way in, NTDOY lost over 2%.Over many troubled years, Sony jettisoned several unprofitable businesses. A major reason why Sony stock became a turnaround success was management finally realized what works, and what doesn't. But the consistent winner throughout was PlayStation. If anything threats this iconic game console, it's presumably lights out for Sony stock. Two Scenarios for SNE stockGiven the recent announcement, most folks fall under two camps regarding SNE stock: either Alphabet (or Amazon, or both) eat Sony's lunch, or they fall short. Both sides of the debate find support from readily available evidence. * 10 Stocks on the Rise Heading Into the Second Quarter First, the bear case probably makes the most sense to passersby. One of the underlying themes of modernization is the de-cluttering effect. Back in the 1990s, owning the latest tech meant myriad wires bulging out of desks and other fixtures. Today, you can enjoy profound computing power condensed into a neat, little rectangle.Why, then, should our gaming apparatuses be any different? Amazon responded with their streaming-based gaming platform, and now we also have Google's Stadia.In addition, gaming transitioned into a serious economic proposition. Put another way, consoles are expensive. Many folks, particularly casual gamers, don't want to shell out $400 or $500 for yet another machine. This situation becomes more difficult during the holidays when companies prefer to release their flagship products.But with Stadia, the hardware is in the cloud, eliminating significant costs. Over time, Alphabet may eliminate Sony stock.However, Sony is deeply entrenched in the gaming world. While the consumer-tech firm has lost ground and credibility in several segments, it features a prized content moat.Kantan Games' CEO Serkan Toto wrote to CNBC that "gaming is a very nut to crack." While I respect Alphabet's ability to disrupt any tech sector, attacking Sony directly features a low probability of success. After all, the company sold a staggering 91 million-plus PS4s total. This figure utterly dominates Microsoft's and Nintendo's tally.These aren't two-bit players. So for Alphabet to disrupt SNE stock on gaming's turf? I just don't see it. Google Ironically Benefits Sony StockOverall, I wouldn't hit the panic button on SNE stock. While increased competition detracts nearer-term, the long-term picture remains incredibly viable for Sony.What casual observers don't understand is that the gaming equation isn't binary. Just because a disruptor like Alphabet or Amazon enters the fray doesn't necessarily spell doom for Sony stock. That's because the offered platform (i.e., streaming) is contextually inferior to the console.Earlier this year, I argued that Amazon's game-streaming venture was neat, but not a disruption. For instance, network latency represents a major problem and frustration for online gamers. But for Amazon to essentially stream the entire hardware via the net? It's possible but not at all practical. * 5 of the Best Dow Jones Stocks to Buy for Solid Dividends With Stadia, Google follows the same flawed playbook. But what's ironic and humorous is that Google went the streaming route to supposedly save gamers money on console purchases. How noble of them. However, they left out an important detail: to actualize their streaming vision requires more funds from gamers.Most of us probably assume that we have uniform network capabilities. But the reality is that network capacity (and prices) vary wildly across different regions. Therefore, gamers living in "underprivileged" communities must fork over additional money to practically advantage Alphabet's new platform.On the flipside, you only have to purchase a console once. This is especially true for casual gaming enthusiasts, the very market at which Google is aiming. Because why would a casual gamer shell out money in perpetuity (via high-speed internet subscriptions) to effectively play Stadia games?Ultimately, I'm staying the course with Sony stock. Like Amazon, Alphabet introduced an interesting concept. However, it's no match for SNE and its multiple decades of gaming infrastructure and expertise.As of this writing, Josh Enomoto was long SNE stock. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Invincible Stocks Leading The Bull Market Higher * 5 Dow Jones Stocks Coming to Life * 7 of the Best High-Yield Funds for 2019 and Beyond Compare Brokers The post Sony Stock Has Nothing to Fear From Alphabetas Stadia appeared first on InvestorPlace.
A new study shows streaming video isn't a zero-sum game. That's good news for upstarts as well as established competitors.
The jet is expected to fly in the U.S., joining Amazon's fleet of 40 other leased Boeing 767s operating across North America.
“And I say, ‘No, you really can’t.’” In the 22202 ZIP code — which comprises Crystal City, Pentagon City, Aurora Hills, Aurora Highlands and Arlington Ridge — there are only 11 homes for sale right now, according to Realtor.com. The inventory — the snapshot of homes available to buy at the end of the month — stood at just seven in February, down from 21 a year ago, according to Redfin, a national real estate brokerage. Redfin said the number of new listings posted by agents in February dropped to just 22, the lowest since Redfin began tracking it in 2012.
Amazon.com (NASDAQ:AMZN) stock has garnered a fair number of headlines lately, as usual. But this time around some of those headlines were a bit surprising.Source: Shutterstock The most interesting was Democratic presidential hopeful Senator Elizabeth Warren suggesting that the big tech firms -- Google (NASDAQ:GOOG, NASDAQ:GOOGL), Facebook (NASDAQ:FB) and Amazon -- should be broken up.This is certainly an attention-grabbing headline, though few investors felt even one goosebump rise on their arm. It's an interesting concept, to be sure, especially when another headline this week revealed that 74% of American shoppers go to Amazon when they're ready to buy a product.InvestorPlace - Stock Market News, Stock Advice & Trading TipsNow, that doesn't mean they ultimately buy the product there, but it certainly demonstrates the magnetic pull Amazon has over consumers and their belief that it is always competitive on price and the product they want is available there. AMZN Stock's AdvantagesEssentially, Warren's point is that AMZN both owns the platform and also, through its deep knowledge of its customers, is always looking to build its own retail brands to compete with its most popular suppliers. * 5 Cloud Stocks to Help Your Portfolio Fly A recent case in point is the fact that AMZN has announced that it's launching a line of its own skincare products.You can assume that thanks to its cloud-server subsidiary Amazon Web Services (AWS), the largest cloud provider in the world, it has been crunching its big data on market sectors where it can make a move.And now it seems it has found an opportunity.The new line will be called Belei and will include moisturizers, eye cream and spot treatments. The products will fall in the $9-$40 range, which puts them at price points to compete with companies that target the low- and mid-range customer.As it launches this line, AMZN has nearly 140 private label brands now that are in competition with other vendors on its site. And this move will also put it into competition with not only large cosmetic brands but also stores like Ulta (NASDAQ:ULTA) and Sephora.AMZN stock has also talked about adding more private-label food brands for its e-commerce and Whole Foods stores. But that is a low-margin business, so it's likely that other products with prospects for higher margins will launch first so they can supplement that aspect of its expansion.But the even bigger deal is on the payment processing side of things. As usual, the back office stuff doesn't really get the play that the consumer news does, but this could be significant in coming years.AMZN has just signed a deal with global payment processor Worldpay (NYSE:WP) -- which was just purchased by FIS for $43 billion. Initially, this will allow AMZN to offer Amazon Pay to merchants so they can offer it as a payment and shipping option to their customers.This will expand Amazon's global reach to merchants and customers and has significant implications for its growth in coming years. While its long-term plans aren't being revealed, it's certain that AMZN stock knows what it wants to do and this deal makes its global ambitions a lot closer to reality.Louis Navellier is a renowned growth investor. He is the editor of four investing newsletters: Growth Investor, Breakthrough Stocks, Accelerated Profits and Platinum Growth. His most popular service, Growth Investor, has a track record of beating the market 3:1 over the last 14 years. He uses a combination of quantitative and fundamental analysis to identify market-beating stocks. Mr. Navellier has made his proven formula accessible to investors via his free, online stock rating tool, PortfolioGrader.com. Louis Navellier may hold some of the aforementioned securities in one or more of his newsletters. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Invincible Stocks Leading The Bull Market Higher * 5 Dow Jones Stocks Coming to Life * 7 of the Best High-Yield Funds for 2019 and Beyond Compare Brokers The post Amazon Stock Has Plenty of Growth Left in the Tank appeared first on InvestorPlace.
E-commerce data analytics firm Marketplace Pulse recently conducted in-depth research on private label brands on Amazon (NASDAQ:AMZN). The conclusion seemed unfavorable for Amazon stock. According to the firm, Amazon's private-label brand portfolio actually has more duds than studs.Source: Shutterstock The research suggests that Amazon's private-label business isn't growing. That could be the reason why Amazon's e-commerce growth machine has cooled rapidly. Indeed, over the past several quarters, Amazon's e-commerce business has gone from a 20%-plus grower which dominated the digital retail world to growing just above 10% and ceding market share to other digital retailers. * 5 Cloud Stocks to Help Your Portfolio Fly But there's another big takeaway from Marketplace Pulse's report, one that is bullish for Amazon stock. Namely, the report included a quote from an Amazon spokesperson who said that Amazon's private-label products represent less than 1% of the company's total sales.InvestorPlace - Stock Market News, Stock Advice & Trading TipsThat's tiny. At other large retailers, the private-label business represents 30% or more of total sales. Thus, the bullish takeaway from the report is that Amazon's private-label business, with the right execution, could grow by leaps and bounds over the next several years.That would be big for Amazon stock. Most importantly, it would wake up the Amazon e-commerce- growth machine, reinvigorate investors' enthusiasm about Amazon stock, and spur more investors to buy AMZN stock. Furthermore, it would boost the company's margins, add firepower to what is already turning into a robust profit-growth outlook, and help AMZN grow into its valuation.Overall, a private-label surge could turn into a big deal for Amazon stock. Here's a deeper look. Amazon's Private-Label Business Is TinyAmazon is a big company. With over $230 billion of sales last year, Amazon is the second-largest retailer in the world, behind only Walmart (NYSE:WMT).But, for such a big retailer, Amazon's private-label business is really small. Amazon's private-label business represents less than 1% of its total sales. That means that Amazon's private-label business generates less than $2.3 billion of annual revenue.That's small. Over at Costco (NASDAQ:COST), the Kirkland brand alone represents nearly one-third of its total sales, or about $40 billion. Similarly, one-third of Target's (NYSE:TGT) total sales in 2018, or about $25 billion, were from owned and exclusive brands,. At Kroger (NYSE:KR), private-label -brand-unit share hit 30.5% in the fourth-quarter, which, at an annualized rate, represents about a $34 billion business.At many other big retailers, the private -label business runs anywhere from 15%-30%-plus of total sales, equating to $15 billion-$40 billion-plus of annual revenue.Next to those figures, Amazon's sub-1% private label penetration rate and roughly $2 billion private-label business are tiny. Amazon's Private-Label Business Could Be Really Big One DayAmazon's private label business could be really big one day.The math is pretty simple. An average private-label penetration rate of 25% on all of Amazon's 2018 revenue, excluding the sales of its cloud business, implies a private-label business of nearly $52 billion, versus its private-label business of about $2 billion today. That represents a 25-fold increase in private label sales. That's huge. Furthermore, it equates to an additional $50 billion revenue opportunity, for a company that reported $232 billion of sales in 2018. That means that AMZN could grow its top line 20%-plus by expanding its private-label business.Private-label products are made and sold by the company itself, reducing the role of middle men. Thus, private label sales increase margins. That means that, if AMZN increases its private-label business to 20% of its revenue, its bottom line would get a favorable bump of much more than 20%.In other words, this isn't small peanuts. It's a big deal.Now, the big question is: can AMZN do it? Can it turn a relatively small private- label business into a $50 billion-plus behemoth? The short answer is: yes. AMZN has done it before with other businesses, and it will do it again.The company has the data, reach, reputation, and brand equity necessary to sell Amazon-branded products on a large scale. The Marketplace Pulse research report partly corroborates this thesis. Although many of Amazon's private-label brands are duds, the ones with the name "Amazon" attached to them are doing very well, the report stated. That speaks volumes about this company's brand equity and reputation.Meanwhile, AMZN hasn't yet figured out a way to consistently utilize its wealth of consumer preference and shopping data to help it sell private-label products. But it's only a matter of time before the company does so. When it does, the company's private-label business will boom, especially considering that AMZN can put those products in front of millions of shoppers.So it does seem like only a matter of time before Amazon executes on its tremendous opportunity to create a huge private-label business. The Bottom Line on Amazon StockAmazon stock is a long-term winner, mostly because of this company's multiple, large growth levers. One underappreciated big growth lever is Amazon's opportunity in the private-label business. AMZN currently has one of the smallest private label businesses of any major retailer. With the right execution, that relatively small private-label business could become very large and raise the company's top line by 20%-plus and add far more to the bottom line.All in all, investors should stick with Amazon stock for many reasons, including its $50 billion private-label opportunity.As of this writing, Luke Lango was long AMZN, COST, TGT, and KR. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Invincible Stocks Leading The Bull Market Higher * 5 Dow Jones Stocks Coming to Life * 7 of the Best High-Yield Funds for 2019 and Beyond Compare Brokers The post Will Private Labels Wake Up Amazon Stock? appeared first on InvestorPlace.
FedEx (NYSE:FDX) stock is on the investing menu today as the "disaster of the day" and it could take the whole market down with it. The shares are off almost $10 today, or over 5%, after announcing disappointing third-quarter results.The Memphis-based delivery company said it earned $739 million, $2.80 per share, on revenues of $17 billion, against earnings of $2.07 billion, $7.59 per share, and revenue of $16.5 billion a year ago.CEO Frederick Smith didn't try to sugarcoat it, calling the numbers "below our expectations." He promised new investments to lower costs and return to earnings growth.InvestorPlace - Stock Market News, Stock Advice & Trading TipsAnalysts, however, were left scratching their heads. CNN blamed the Trump trade wars, quoting CFO Alan Graf about FedEx Express' lower international revenue.But there could be another explanation. Growing Competition for FedEx Stock?I'm a regular customer of Amazon.Com (NASDAQ:AMZN). So are many neighbors. In years past, I got packages from a mix of U.S. Postal Service employees (especially on Sunday), UPS (NYSE:UPS) trucks and FedEx, I'm now seeing white Amazon trucks every day. During the recent Super Bowl in Atlanta, Amazon offered a subtle reminder of this. It brought out a fleet of dark blue vans for delivery. After the game they went back to the plain white ones. * 5 Cloud Stocks to Help Your Portfolio Fly FedEx is also facing more competition from UPS, its long-time rival. Over the last year UPS stock is up while FDX has lost 28% of its value.Smith himself said he saw "green sprouts" in the international market, although CNBC called the earnings a warning that global growth is slowing.A closer look at the numbers showed a more complex picture.Costs at FedEx Ground were up as the company launched six-day-a-week service and saw higher gas prices. FedEx International revenues were down, in part, due to weaker international currencies. Global profits were down on lower shipment weights and a customer preference for lower-profit services. Graf said the company is taking the usual responses to slowing business, buying out some employees, limiting hiring, and looking at other cost-cutting measures. FDX Stock a Bargain?Investors should be playing FedEx stock for its dividend, not capital gains. Over the last five years, that quarterly dividend has more than tripled, to 65 cents. Even with the latest miss, it's still covered four times by earnings.If you bought FedEx shares five years ago, when they were at about $135 each, you're currently seeing a yield of 5.2% on that investment, dividing the annual dividend of $2.60 per share by its March 20 opening price. The stock's trailing price-to-earnings multiple stands at just 9.4. The company's market cap of $45 billion is around two-thirds of its expected 2019 revenue of $68 billion.By these conventional measures FedEx is a bargain. It's good for the dividend, even with earnings depressed. The company is still forecasting earnings of over $15 per year, with capital spending of $5.6 billion. Those forecasts assume steady U.S. growth and no further international slowdown. The Bottom LineWhen you are buying dividend stocks for retirement, you look for those covering their dividends with earnings and you buy on weakness, when the yield is highest. FedEx has offered a steady stream of dividends since 2002, and they were not even cut during the last recession.For these investors, FedEx's depressed price today is a real bargain.For younger investors seeking fat capital gains, however, you might want to look elsewhere.Dana Blankenhorn is a financial and technology journalist. He is the author of a new mystery thriller, The Reluctant Detective Finds Her Family, available now at the Amazon Kindle store. Write him at email@example.com or follow him on Twitter at @danablankenhorn. As of this writing he owned shares in AMZN. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Invincible Stocks Leading The Bull Market Higher * 5 Dow Jones Stocks Coming to Life * 7 of the Best High-Yield Funds for 2019 and Beyond Compare Brokers The post FedEx Earnings Signal a Changing World appeared first on InvestorPlace.
More Action: US-China Trade Talks Resume Next WeekUS-China trade talks The US and China have held four rounds of trade talks since President Trump and President Xi Jinping agreed to a 90-day truce last year. President Trump extended the truce
What Analysts’ Recent Activity Indicates about Costco StockA couple of analysts initiate coverage on Costco On March 20, Nomura Instinet initiated coverage on Costco (COST) stock with a “neutral” rating and a target price of $230. Evercore ISI