Relative Strength Index (RSI)
|Bid||124.08 x 1100|
|Ask||124.12 x 800|
|Day's Range||124.02 - 126.39|
|52 Week Range||81.43 - 146.57|
|Beta (5Y Monthly)||1.26|
|PE Ratio (TTM)||288.95|
|Earnings Date||Jul 26, 2023 - Jul 31, 2023|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||134.65|
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Amazon may be looking to offer a new service for its Prime members. Bloomberg News is reporting Amazon is in early talks with wireless companies to offer mobile phone plans for its U.S. Prime members. Yahoo Finance Tech Editor Dan Howley explains why Amazon may want to expand its Prime offerings.
Amazon (NASDAQ: AMZN) rose to prominence on the back of its now sprawling e-commerce business, which has become not only the largest digital retailer in the U.S., but also the world. While not all of its ventures have been successful, Amazon's track record has been sufficient to strike fear into the hearts of those it might rival. Oftentimes, stocks will fall at the mere prospect of having to compete with the company -- a well-documented phenomenon known as "the Amazon effect."
Amazon (AMZN) closed at $124.25 in the latest trading session, marking a +1.21% move from the prior day.
Is Amazon going to offer free or cheap wireless service to Prime members? Why it's doubtful, according to a veteran telecom analyst.
Amazon has had a strong start to 2023, but it is still seeking ways to improve its bottom line. In its first-quarter earnings call in late April, Amazon reported that worldwide, its net sales were $127.4 billion, up 9% year over year. In addition to cutting labor costs, Amazon has also been finding ways to maximize its shipping revenue.
AI mania lifted Nvidia to new heights on Tuesday. The graphics-chip maker briefly became the first semiconductor company with a $1 trillion market capitalization, joining an elite club that includes Amazon Apple and Microsoft Nvidia touched the milestone intraday, but its shares didn’t close above the threshold. Nvidia is the market leader in chips used for AI data centers, having about an 80% share of such processors as of 2020, per an Omdia estimate.
Telecom stocks tumbled on Friday on renewed reports that e-commerce giant Amazon.com plans to sell mobile phone services in the U.S.
In this article, we will be looking at 10 stocks Cramer thinks are climbing in this market. To explore similar stocks, you can take a look at 5 Stocks Jim Cramer Thinks Are Climbing In This Market. “The Winners Make No Sense” On May 9, CNBC’s Mad Money host, Jim Cramer, dived into the current […]
Telecom stocks including AT&T (NYSE: T), Verizon (NYSE: VZ), and T-Mobile (NASDAQ: TMUS) were all pulling back Friday on some surprising news. According to Bloomberg, Amazon (NASDAQ: AMZN) is considering entering the wireless market, as it's held discussions about offering nationwide mobile phone service to Prime members, either for free or at a discount. Bloomberg said that Amazon is negotiating with Verizon, T-Mobile, and Dish Network (NASDAQ: DISH) to get a low wholesale price for service that it could then turn around and offer to Prime members for $10 a month or even free as an incentive to join and stick with the membership program.
Telecom investors are feeling some pain Friday following reports that Amazon.com is looking into entering mobile phone service. Bloomberg News reported Friday that the retailing giant has been talking with wireless carriers about offering low-cost or free mobile to Prime subscribers. AT&T, Verizon and T-Mobile all fell 3% or more.
(Bloomberg) -- Amazon.com Inc. has been talking with wireless carriers about offering low-cost or possibly free nationwide mobile phone service to Prime subscribers, according to people familiar with the situation.Most Read from BloombergAmazon Is in Talks to Offer Free Mobile Service to US Prime MembersChina Is Drilling a 10,000-Meter-Deep Hole Into the EarthRich Latin Americans Transform Laid-Back Madrid Into a New MiamiHedge Funds at War for Top Traders Dangle $120 Million PayoutsInside the M
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Shares of Dish Network (NASDAQ: DISH) are up 17.1% as of 2:02 p.m. ET Friday in response to reports that Amazon (NASDAQ: AMZN) is considering a partnership with the company that could offer low-cost or no-cost wireless service to Amazon Prime subscribers. The same possibility was floated by The Wall Street Journal a little over a week ago. Perpetually looking for ways to attract and retain Prime subscribers (who tend to spend more at Amazon.com than non-Prime members), Amazon offers a suite of digital offerings like on-demand video, audiobooks, discounted restaurant delivery, and free shipping on most items ordered online.
Amazon is constantly thinking of new ways to entice new people to sign up for Prime, and a new report suggests the company is pulling out all the stops for its next promotion. Amazon is reportedly in talks with wireless carriers Verizon Communications , T-Mobile U.S. and Dish Network to offer free mobile service to U.S. Prime members, Bloomberg reported. Amazon Prime currently costs $14.99 per month, or $139 for the year, and a phone plan that is included would greatly reduce the wireless bills for countless Americans, who on average pay about $166 per month, according to some estimates.
Amazon is said to be considering a free or discounted mobile service for its Prime members, in a move that could impact its customers and shareholders of wireless service providers.
Streaming giants Netflix, Inc (NASDAQ: NFLX), Amazon.Com, Inc (NASDAQ: AMZN), and Walt Disney Co (NYSE: DIS) on Friday confidentially explored ways to dodge India's new tobacco warning rules. The executives of the streaming companies, and India's Viacom18, which runs billionaire Mukesh Ambani's JioCinema app, held a closed-door meeting, where Netflix warned the rules could prompt production houses to block their content in India, Reuters cites familiar sources. They also discussed possible legal
Dish Network Corp (NASDAQ: DISH) stock is up Friday amid reports of selling wireless plans for its mobile phone service through Amazon.Com Inc(NASDAQ: AMZN). Amazon has been talking with wireless carriers about offering Prime subscribers $10 a month or possibly for free and bolster loyalty among its biggest spending customers. The company is negotiating with Verizon Communications Inc (NYSE: VZ), T-Mobile US Inc (NYSE: TMUS), and Dish for the lowest possible wholesale prices, Bloomberg reported
Shares of Verizon Communications Inc , AT&T Inc and T-Mobile US Inc declined on Friday after a report said Amazon.com Inc was in talks with the U.S. telecom firms to offer low-cost wireless services to its Prime members. Bloomberg News reported that Amazon was negotiating to get the lowest possible wholesale prices and could offer wireless plans for $10 a month or lower to Prime members through these partnerships. "We are always exploring adding even more benefits for Prime members, but don't have plans to add wireless at this time," an Amazon spokesperson said in response to a Reuters query.
Benzinga Made-In-China Teslas Are The Highest Quality, Says Musk: ‘It Warms My Heart’ Tesla Inc (NASDAQ: TSLA) CEO Elon Musk is back in America after a two-day trip to China, his first since the onset of the COVID-19 pandemic. The billionaire entrepreneur made a pitstop at Giga Shanghai as part of his tour and delivered a late-night speech praising his Chinese staff. Sharing pictures from his visit to the Gigafactory on Wednesday evening, Musk tweeted, “Congratulations to Giga Shanghai & Tesla C
TripAdvisor (TRIP) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.
Amazon.Com, Inc (NASDAQ: AMZN) lost significant leaders this week amid reports of a mass employee walkout. Melissa Nick, a North America customer fulfillment vice president, will depart effective June 16. Nick, who joined Amazon in 2014, was responsible for one of Amazon’s largest fulfillment regions and led almost 300 facilities that process and ship customer orders, CNBC reports. Amazon recently revamped its U.S. operations to speed up deliveries and cut costs. Chris Vonderhaar, an Amazon Web
The tech-heavy Nasdaq index touched its highest intraday level in over 13 months and headed for its sixth straight week of gains, its best streak since January 2020. The Labor Department's closely watched employment report showed unemployment rate at 3.7% in May against a forecast of 3.5%, while average hourly earnings were at 0.3%, down from 0.4% in April, highlighting a cooling in wage inflation.
Visit Amazon, and you'll likely find tons of deals on your favorite items -- from electronics, books and toys to clothing, jewelry and home goods. Although you're probably already getting a...
Shares of Amazon (NASDAQ: AMZN) stock gained 14% in May, according to data provided by S&P Global Market Intelligence. It's building on the momentum of a public craze about the possibilities of artificial intelligence (AI), as management announced its own generative AI efforts back in March and then debuted several new AI-powered devices in May. Amazon had been losing some steam over the past year as sales growth decelerated in the aftermath of astronomical pandemic growth, and profitability has been pressured as demand slows.
Major U.S. wireless carriers on Friday said they not in talks with Amazon.com Inc to offer low-cost wireless services to its Prime members. Wireless shares fell Friday after Bloomberg News reported that Amazon was negotiating to get the lowest possible wholesale prices and could offer wireless plans for $10 a month or lower to Prime members through the partnerships, including a possible tie-up with Dish Network. "We are always exploring adding even more benefits for Prime members, but don't have plans to add wireless at this time," an Amazon spokesperson said in response to a Reuters query.