2,467.50 -3.54 (-0.14%)
After hours: 7:05PM EDT
Commodity Channel Index
|Bid||2,467.50 x 1800|
|Ask||2,470.00 x 1200|
|Day's Range||2,444.60 - 2,476.93|
|52 Week Range||1,626.03 - 2,525.45|
|Beta (5Y Monthly)||1.35|
|PE Ratio (TTM)||118.03|
|Earnings Date||Jul 23, 2020 - Jul 27, 2020|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||2,645.67|
UBS analysts led by Eric Sheridan reiterated their ‘buy’ rating and $3,000 price target on shares of Amazon, on the premise that there are several factors pointing to more room for the e-commerce giant to grow. Although COVID-19 will impact the company’s margins for 2020, long-terms drivers are still intact. The Final Round panel discusses the call.
John Bartlett at the Reaves Utility Income fund selects companies with high returns on equity from expansion or improvement projects.
U.S. stocks posted gains on Monday as signs of U.S. economic recovery helped offset jitters over increasingly violent social unrest amid an ongoing pandemic and rising U.S.-China tensions. Market leaders Facebook Inc, Apple Inc and Amazon.com provided the biggest lift to the S&P 500 and the Nasdaq, while Boeing Co gave the Dow its biggest boost. "Certainly the pace of the stock market recovery can't continue at the pace it has been," said Paul Nolte, portfolio manager at Kingsview Asset Management in Chicago.
Target, Walmart, Nike and Apple were among major companies closing retail stores in the wake of massive protests and widespread looting across the country.
Though Big Tech has played a key role in reducing global emissions, it still maintains a complicated relationship with the oil and gas industry
Although Elon Musk was celebrating SpaceX’s first successful manned launch into space over the weekend, he remained well-aware of the civil unrest on the ground. The CEO of Tesla (TSLA) and SpaceX addressed the protests that have escalated in the week since George Floyd, an African-American man, died after white Minneapolis police officer Derek Chauvin kneeled on his neck for several minutes, which was caught on a citizen video that went viral. While Chauvin was arrested and charged with third-degree murder and manslaughter last Friday, the other three police officers who stood by while Floyd said, “I can’t breathe,” still have not been charged.
Microsoft’s CEO urged ‘empathy and compassion, Uber’s CEO announced $1 million for social-justice groups, and Facebook pledged $10 million.
(Bloomberg) -- Amazon.com Inc. shoppers are buying up pepper spray as demonstrations continue around the country and self-defense becomes top-of-mind for some Americans.A $9.48 canister of Sabre “max police strength” pepper spray shot up to the top-selling rank in Amazon’s sports and outdoors category Monday morning, supplanting normal best-sellers such as shorts and t-shirts, according to Marketplace Pulse, which monitors the site. A neck gaiter, which can cover the nose and mouth and became popular during the pandemic, is No. 2.One Amazon shopper named “Bill” left a 5-star review for the pepper spray May 31 and said “Put the cops down when they mess with you.” People are swapping recommendations for self-defense products on social-media platforms like Twitter, where users are posting links to Sabre pepper spray on Amazon.Protests have rocked U.S. cities since the killing in police custody of George Floyd, who was black. The authorities have charged police officer Derek Chauvin with Floyd’s murder. Some demonstrations have turned violent, with businesses looted and buildings and vehicles set ablaze.Sabre, which also makes stun guns and other products used by law enforcement, couldn’t immediately be reached for comment. A customer representative said all company executives were in a meeting. According to customer reviews, the pepper spray can be used for self-defense.An Amazon spokeswoman declined to comment. Amazon became a pipeline for household essentials such as toilet paper and disinfecting wipes for shoppers hunkered down at home to avoid contracting Covid-19. The spike in pepper spray sales shows how protests around the country are influencing consumer demand. Amazon’s best-seller product rankings provide a real-time gauge for sudden swings in consumer demand.(Updated with company’s decline to comment.)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
Wall Street stocks posted modest gains on Monday as signs suggesting the U.S. economy may be on the road to recovery helped soothe jitters over increasingly violent social unrest and rising U.S.-China tensions. Market leaders Apple Inc, Amazon.com and Facebook Inc provided the biggest lift to the S&P 500 and the Nasdaq, while Boeing Co provided the blue-chip Dow with its biggest boost.
The number of global cases of the coronavirus that causes COVID-19 climbed above 6 million on Monday, after a weekend dominated by protests across the U.S. at the death of an unarmed black man at the hands of a white police officer in Minneapolis last week.
Morgan Stanley analyst Brian Nowak thinks online sellers will continue to benefit from growing numbers of store closures and a lingering decline in travel spending.
Investors had breathed a sigh of relief on Friday when President Donald Trump chose not to mention sanctions or tariffs at a press conference about China’s new security law in Hong Kong. Futures traders had initially shrugged off a weekend of protests against police killings of black people. After opening lower the Dow Jones Industrial Average (DJIA) reversed losses after the Institute for Supply Management manufacturing index indicated the slowdown in factory production may soon come to an end.
As protests over the death of George Floyd continued around the country on Saturday and into this morning, many turning violent, their impact is now spreading to the freight world.Amazon.com Inc (NASDAQ: AMZN) announced that it is recalling drivers and adjusting routes in several cities affected by protests, including Chicago, Los Angeles and Portland, Oregon.According to Bloomberg, Amazon sent delivery drivers in Chicago and Los Angeles a message advising them to stop delivering packages immediately and "return home.""If you have not completed your route, please return undelivered packages to the pick-up location whenever you're able to do so," Bloomberg reported the message said.In a viral video, a man died in St. Louis after being run over by a FedEx Corporation (NYSE: FDX) truck on Saturday. The truck, according to police, was forced to leave Interstate 70 as protestors blocked the highway. Once on a local road, more protestors forced the driver to stop. According to KMOV4, protestors began climbing onto and banging the cab while others began looting packages from the trailer. At least two people pointed guns at the driver, the station reported.Fearing for his life, the FedEx driver blew his air horn and started driving off. A bystander, Jared Arms, captured the entire scene on the video and told KMOV4 people started yelling as the truck drove off."I was standing on the side of the pavement and I started to notice a crowd go to the truck, so when I went over there, I heard people say there's a guy trapped under the tire," Arms told the station.Police said the man died of his injuries at the hospital.In a statement released to KMOV4, a FedEx spokesperson said, "Our hearts go out to all those who are grieving the events of this week. We are deeply saddened to learn of a tragic situation involving a demonstrator in St. Louis and one of our vehicles. We offer our sincerest condolences to the family of the individual involved. There is no higher priority for FedEx than safety, and we are cooperating fully with the investigating authorities at this time."In a statement issued to FreightWaves, FedEx said it is focused on the safety of its employees and customers but was preparing alternative plans if necessary to ensure continued operations."We join all those grieving the events of this week," FedEx said. "The safety of our team members and customers is our top priority. We are closely monitoring the situation nationwide, and we continue to operate in areas where we are able to do so safely. We are taking the proper precautions to help ensure team members stay safe, but have contingency plans in place to help lessen any possible impact on service. Customers can visit FedEx.com to check the status of shipments."UPS (NYSE: UPS) said its operations continue, but a spokesperson for the company declined to offer further comment on what impact the protests may be having."We are saddened to see that violence has impacted numerous cities and communities," the spokesperson wrote to FreightWaves. "UPS service continues, with the exception of some The UPS Store locations that will remain closed as we work with authorities. We cannot comment further while ongoing investigations are underway."Road closures shutting off access to citesAs protestors started blocking highways, states began closing the roadways for safety reasons in response.At the heart of the protests in Minneapolis, the state's Department of Transportation (DOT) took the unusual step of closing five major routes into the city at 7 p.m. local time on Saturday, and leaving those routes closed until 6 a.m. this morning. These included sections of Interstate 35 west and east, Interstate 94 west and east, Interstate 394 east and Highway 55 both north and south.FreightWaves reached out to the start DOT to inquire about potential closures today but as of publication time, had not received a response.In Seattle, the Washington State Patrol shut down Interstate 5 in both directions Saturday night as protestors ventured onto the highway. The highway was also closed in Sacramento, California, Saturday night and highways in New York and Atlanta as well as numerous other states have seen closures, either from proactive state actions or because protestors have blocked them.Near Chicago, the Illinois State Police closed Interstate 290 eastbound to Ida B. Wells Drive on Saturday afternoon, as it did the Ohio and Ontario feeder ramps into and out of the city, reported CBS 2 Chicago. It was unclear when those routes would reopen.On social media, drivers started cautioning each other about trouble areas. Some have warned of protestors throwing objects from bridges. Kenny Long, who is an administrator of the popular Rates & Lanes Facebook group, urged drivers to exercise caution."Protests and violent riots are erupting in cities nationwide. Use extreme caution while driving, especially through major cities and congested areas. Avoid these areas whenever possible, especially after dark. Stay on major highways to avoid traffic congestion, and do not stop if confronted. Park in lighted areas at least 50 miles from all areas with protest or violent activity. Be sure to keep adequate fuel in your truck so you do not need to make unplanned stops. Make sure to double check the routing through these areas when booking loads," Long wrote to members of the group Saturday night.Others are simply suggesting drivers avoid areas of protest, or simply shut down their trucks until they end and it is safe to resume operations.See more from Benzinga * Major Trucking Lender BMO Sees Bigger Transportation Impairments, Writeoffs In Q2 * Trucking Freight Futures Market Summary Week Ending 5-29-2020 * Today's Pickup: Ryder Leverages Turvo For New Technology Platform(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Online shopping is seeing a surge amid the pandemic, presenting Facebook with a big opportunity if it can succeed in a market that has long been out of its reach.
The death of African American George Floyd at the hands of a Minneapolis police officer has triggered protests in multiple U.S. cities. While mostly peaceful, demonstrations grew violent in some cities, promoting the deployment of the National Guard as some protestors set vehicles and buildings on fire, engaged in acts of vandalism and looted stores. U.S. Google & YouTube homepages said, "We stand in support of racial equality, and all those who search for it.""For those feeling grief, anger, sadness & fear, you are not alone," said CEO Sundar Pichai in a statement.
The acronym FANG refers to four high-growth internet stocks. (Sometimes they're called FAANG stocks.) Here's what investors should know about FANG stocks and why they might be worth a look.
In this episode of MarketFoolery, Chris Hill chats with Fool.com contributor Dan Kline about the latest news from the markets. They look at the retail space and how retail businesses are serving underserved communities.
U.S. retailers large and small have closed some of their stores across the country because of disruptions caused by the widespread street protests over the police killing of George Floyd in Minneapolis.
Futures tracking the S&P 500 index were trading flat on Monday following a strong showing in May, as investors turned cautious after protests erupted across the country over race, and simmering tensions between Washington and Beijing heated up. National Guard troops were deployed in 15 states and Washington, D.C. on Sunday in an attempt to quell a sixth night of violence that began with peaceful protests over the death of a black man, George Floyd, in police custody.