AMZN - Amazon.com, Inc.
| Previous Close | 1,964.52 |
| Open | 1,971.14 |
| Bid | 0.00 x 1000 |
| Ask | 0.00 x 800 |
| Day's Range | 1,958.26 - 1,989.00 |
| 52 Week Range | 1,307.00 - 2,050.50 |
| Volume | 2,791,404 |
| Avg. Volume | 3,972,068 |
| Market Cap | 977.589B |
| Beta (3Y Monthly) | 1.62 |
| PE Ratio (TTM) | 82.89 |
| EPS (TTM) | 23.95 |
| Earnings Date | Jul 25, 2019 |
| Forward Dividend & Yield | N/A (N/A) |
| Ex-Dividend Date | N/A |
| 1y Target Est | 2,250.32 |
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- InvestorPlace•10 hours ago
Stock Market Today: A Trio of Buys; Tech Ramps Ahead of Earnings
Equities got off to a sluggish start in the stock market today. While the S&P 500 and Dow Jones didn't put up robust gains, climbing just 0.23% and 0.06% respectively, it was a decent showing compared to Friday's late-day selloff. The Nasdaq did much better, climbing 0.71% as investors regain some confidence ahead of a key week for earnings. Earnings on the MoveMicrosoft (NASDAQ:MSFT) put up good numbers last week, but a whole slew of mega-cap tech will report this week.That includes Facebook (NASDAQ:FB), Tesla (NASDAQ:TSLA) and PayPal (NASDAQ:PYPL) on Wednesday. It also includes Amazon (NASDAQ:AMZN), Alphabet (NASDAQ:GOOGL, NASDAQ:GOOG), Intel (NASDAQ:INTC) and Starbucks (NASDAQ:SBUX) on Thursday.InvestorPlace - Stock Market News, Stock Advice & Trading TipsTwitter (NYSE:TWTR), Snap (NYSE:SNAP) and other tech plays will also report this week as well. * 7 Defense Stocks to Buy to Fortify Your Portfolio As far as earnings go on Monday, shares of Halliburton (NYSE:HAL) were surging, up almost 10% on the day. The company delivered a non-GAAP earnings beat, generating 35 cents per share vs. expectations of 30 cents per share. However, revenue of $5.93 billion declined 3.6% year-over-year and missed estimates by $40 million.Obviously investors are willing to overlook the sales miss, as shares of Halliburton threaten to breakout over $24. However, it may be due to management's commentary that the second half is looking better for its international unit, much like Schlumberger (NYSE:SLB) said on Friday.At the end of the day, look for earnings to fuel the move this week. It's not just tech, but the sector plays a huge role over the next few sessions. Positive reactions very well could drive stocks to new highs. A negative reaction could further the current pullback. Major Moves on the Stock Market TodayShares of memory and memory equipment makers got a huge shot in the arm on Monday. Last week, we pointed out that Micron (NASDAQ:MU) was breaking out and on Monday the stock erased any doubt about its intentions to race higher.The stock climbed 3.67%, while Lam Research (NASDAQ:LRCX) and Applied Materials (NASDAQ:AMAT) jumped 4.4% and 6.1%, respectively. Goldman Sachs analysts were the catalyst, as the firm upgraded all three of the stocks to a "buy" rating from "neutral." For AMAT, they added it to their conviction buy list.The move came with a $56 price target for Micron (from $40) and a $231 target for LRCX (from $197). For the conviction buy, the analysts assigned a $56 price target for AMAT (up from $48).Boeing (NYSE:BA) continues to hold above the key $360 to $362 area, but shares slipped 1% on Monday. The decline comes as credit rating agency Fitch cut its outlook on Boeing to "negative." That's down from a "stable" rating as Fitch worries about regulatory issues and when the 737 MAX will come into service. It could remain an issue into 2020 and hurt operating margins for several years, the firm argued. Poking Around Wall StreetBlackstone (NYSE:BX) pulled back nicely ahead of earnings last week. However, despite a solid report, the stock was relatively muted. On Monday though, BX stock jumped 4.85% on news that it may sell its stake in Cheniere Energy Partners (NYSE:CQP).In 2012, Blackstone invested $1.5 billion in the asset and is now looking to get a premium for the 203.4 million shares it owns. That stake is currently valued at $8.8 billion as of Monday's trading price. The report sent shares of Blackstone to new 52-week highs.Both Sprint (NYSE:S) and T-Mobile (NASDAQ:TMUS) finished higher on the day, but fell considerably based on where they traded throughout the morning. Investors were optimistic on the merger between the two, after a weekend report said it's all but squared away with the Department of Justice. AT&T (NYSE:T) and Verizon (NYSE:VZ) both took it on the chin Monday, down about 2%, on the news. * 5 Top Stock Trades for Tuesday: ACB, BYND, MU While the deal still seems imminent, S and TMUS stocks tumbled from their highs on a report that they may be renegotiating the merger price. The hope is that it won't drag out too much longer, with Dish Networks (NASDAQ:DISH) there to buy the divested assets.Bret Kenwell is the manager and author of Future Blue Chips and is on Twitter @BretKenwell. As of this writing, Bret Kenwell is long AMZN, GOOGL and T. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Defense Stocks to Buy to Fortify Your Portfolio * 10 High-Flying, Overvalued Stocks in Danger of Crashing * 8 Stocks to Buy That Are Growing Faster Than Amazon The post Stock Market Today: A Trio of Buys; Tech Ramps Ahead of Earnings appeared first on InvestorPlace.
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SNAP Stock Drops Again on Earnings Anxiety
Snap (NYSE:SNAP) reports its Q2 earnings tomorrow, and the market continues to show signs of anxiety about what the Snapchat parent company is going to reveal. SNAP stock has been on an impressive run in 2019, and investors have been more confident with Snapchat returning to positive user growth. Up until mid-July, SNAP stock price had rallied a whopping 170% since the start of the year.Source: Shutterstock Then the doubt set in.With its Q2 earnings due to be reported tomorrow evening, Snapchat stock closed at $14.02 on Friday, dropping 3.64% on the day. That capped a week where Snap lost 10% of its value.InvestorPlace - Stock Market News, Stock Advice & Trading Tips What Investors Are Watching for in Snap EarningsWhile everyone will be looking for Snapchat to report another quarter of user growth, the real focus on Tuesday is going to be ad revenue. That's the key to Snap's road to profitability and a critical indicator of SNAP stock value. Investors will be watching to see if the average price of Snapchat ads, and the average revenue per user (ARPU) have increased. * 7 Defense Stocks to Buy to Fortify Your Portfolio Ad revenue is especially important now that Snap's new Android app has been fully rolled out. The app is 25% smaller and opens 20% faster, in an effort to spur to user adoption in markets outside of North America and Europe -- where inexpensive Android smartphones dominate. That market is crucial for growing Snapchat's user base.However, as TechCrunch points out, the paradox is that with increased usage the operating costs for Snapchat ramp up. Cloud service providers like Amazon (NASDAQ:AMZN) have to be paid. And with advertising revenue per user in other markets running at about one third the level generated by North American users, Snap needs to show it is making inroads with ads globally, or any user growth is likely to extend the timeframe before it can hit profitability. This delicate balance between user growth and ad revenue -- and how the two impact the road to profitability -- has many Snap investors on edge.Snap Spectacles are still a thing, but even after the release of an improved version last year the company makes little revenue from selling hardware. The company took a $40 million write-off on unsold units of the original and hasn't released sales numbers for the followup. About the only way Spectacles are going to have an impact on SNAP stock when it reports Q2 earnings is if the company announces it is dropping the hardware altogether. Investors would likely be relieved if the R&D, manufacturing and marketing expenses from the hardware disappeared. Will SNAP Stock Bounce Back or Fall Further?Outside of long term recovery prospects, the big question for investors right now is what is likely to happen to the SNAP stock price immediately after the company reports those Q2 earnings.When Snap reported its Q4 2018 earnings in February, it beat analyst expectations for revenue, posted a lower than expected loss and announced Snapchat's user base had stabilized. Snapchat stock rocketed on the news, rising 22%.The company's Q1 2019 earnings report saw a repeat of better than expected revenue and lower than expected losses, plus the news of a return to user growth for Snapchat. However, concerns that profitability is further away than expected turned an initial after hours trading surge to a 6.1% loss. Historically, since its first ever earnings report in August 2017, SNAP stock has posted gains as a result only twice -- in six of the eight quarters, investors have bailed in the aftermath. Even after a relatively impressive Q1. * 7 Stocks to Buy This Summer Earnings Season If Snap is able to deliver a narrower loss, higher revenue, continued user growth and convince investors that ad revenue is on track to bringing profitability sooner? Then Q2 may well buck the odds, see the SNAP stock price pop instead of drop, and resume the 2019 Snap narrative of recovery. As of this writing, Brad Moon did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Defense Stocks to Buy to Fortify Your Portfolio * 10 High-Flying, Overvalued Stocks in Danger of Crashing * 8 Stocks to Buy That Are Growing Faster Than Amazon The post SNAP Stock Drops Again on Earnings Anxiety appeared first on InvestorPlace.
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- TipRanks•14 hours ago
Top Analyst Shares Two Cents on Amazon (AMZN) Stock as Earnings Approach
As Amazon (AMZN) stock looks unstoppable, many investors are wondering if the party can go on. In about a week, Wall Street will have some clarity as the e-commerce giant reports second-quarter earnings. Amazon has guided for Q2 revenue in the range of $59.5 - 63.5 billion (a rise of 12.5% to 20% compared to last year), with analysts expecting $62.5 billion, or 18.1% rise. On the EPS side, Amazon has reported $5.07 this quarter last year, while analysts are expecting $5.58 this year. Overall, growth will continue to be fueled by e-commerce and AWS, but also rising segments, including advertising and 3PL services. Ahead of the print, Monness analyst Brian White is reiterating a Buy rating on AMZN stock and $2,300 price target, which implies nearly 17% upside from current levels. As always, we like to give credit where credit is due. According to TipRanks, which measures analysts’ and bloggers’ success rate based on how their calls perform, White has a yearly average return of 27.4% and a 76% success rate. White has an average return of 11.6% when recommending Amazon and is ranked 11 out of 12,087 experts. (To view White's stocks list, click here)White believes “Amazon will meet [his] 2Q:19 revenue estimate of $62.56 billion (up 18% YoY) and slightly exceed...EPS projection of $5.63.” The analyst expects a 5% increase in revenue since Q1, which is “slightly above the four-year average increase of 4% for past June quarters.” The analyst also expects AWS to be show continued momentum. The analyst says AWS will “deliver the fastest segment growth rate with 2Q:19 sales rising 39% YoY to $8.50 billion,” as it continues to be the strongest profit source for the company. Meanwhile, White anticipates advertising to “remain a profitability swing factor,” and calls it "a positive surprise." One of the things investors love about Amazon is that it continues to reach different markets and add new value-add features to e-commerce. Recently, the company said it would make Prime even more appealing, by replacing two-day shipping with one-day. As a result of strong profit from AWS, logistics and advertising, Amazon is able to provide services without risking going into negative territory. Aside from that, Amazon continues to play a part of people's lives. For example, its Alexa line of devices are increasing in their capabilities, while its music streaming service is also growing. All in all, as the company gears up to announce earnings, most analysts on Wall Streets are out rooting for this retail titan to be a winning stock pick. TipRanks analysis of 36 analyst ratings shows a Strong Buy consensus, with 35 analysts recommending Buy and only one suggests Hold. The average price target among these analysts stands at $2,269, which represents about 15% upside from current levels. (See AMZN's price targets and analyst ratings on TipRanks)
