What happenedShares of Northern Genesis Acquisition (NYSE: NGA) were trading higher on Wednesday, after its merger partner Lion Electric revealed in a regulatory filing that it struck a deal in June of last year to sell trucks to Amazon.com (NASDAQ: AMZN).
Amazon (NASDAQ: AMZN) keeps expanding its horizons and the number of pies it has its finger in.The e-commerce giant has announced it was establishing a $2 billion fund to build over 20,000 affordable housing units in the Puget Sound region of Washington state; Arlington, Virginia
U.S. stocks rose on Wednesday with the Dow and the S&P 500 notching record highs as investors piled into financial and industrial stocks on bets that a Democratic sweep in Georgia would lead to more fiscal stimulus and infrastructure spending.
The Dow and the S&P 500 rose on Wednesday, with investors piling into economy-linked financial and industrial stocks on bets that a Democrat-controlled Senate would lead to more fiscal stimulus and infrastructure spending.
Over the past four years, Amazon (NASDAQ: AMZN) has been aggressively expanding its logistics operations in an effort to cut costs and take greater control over a core part of its business. That's become a growing threat to traditional carriers like FedEx and UPS, particularly as
We're only a few days in and 2021 is already being called the year of hope. It remains to be seen just how far back to normal we'll get this year, but vaccine progress gives reason to be optimistic.No matter how well you have done in the stock market, or if you're just getting st
Futures tied to the tech-heavy Nasdaq 100 index tumbled nearly 1.5% on Wednesday as the likelihood of Democrats gaining control of the Senate sparked fears of increased regulatory scrutiny of technology mega-caps.
Costco (NASDAQ: COST) and Dollar General (NYSE: DG) are both resilient retailers. Both companies opened new stores as other brick-and-mortar stores succumbed to the ongoing retail apocalypse, and they handily weathered the COVID-19 pandemic over the past year.Over the past 12 mon
Investing in companies that shape and benefit from influential trends can be a path to life-changing returns. With the new year kicking off and a multitude of world-altering business shifts underway, investors have opportunities to build positions in industry leaders that will pl
Amazon.com Inc said on Wednesday it would spend $2 billion to create affordable homes in regions where three of its major U.S. employment hubs are located.
Futures tied to the tech-heavy Nasdaq 100 index sank 2% on Wednesday as the possibility of Democrats gaining control of the Senate sparked fears of tighter regulations on technology mega-caps.
Many tech stocks rallied last year as demand for cloud, software, and e-commerce services surged throughout the coronavirus pandemic. That's why the tech-heavy Nasdaq Composite rose more than 43% over the past 12 months as the S&P 500 advanced more than 16%.I recently highlig
Telehealth soared in popularity last year, and it wasn't all due to the COVID-19 pandemic. Health officials were already seeing a surge in traffic before the public health crisis began. According to data from the Centers for Disease Control and Prevention (CDC), in the first thre
The COVID-19 crisis boosted both the pet industry and e-commerce as a whole. Stay-at-home orders made the time-consuming responsibility of owning a pet more feasible for some, and shopping on the internet more appealing for most.Based on this, Chewy (NYSE: CHWY) -- a company oper
(RTTNews) - Amazon (AMZN) announced Wednesday the launch of the Housing Equity Fund, a more than $2 billion commitment to preserve and create over 20,000 affordable housing units for moderate- to low-income families in all three of its headquarters regions in Puget Sound, Arlingt
You'd struggle to find an investor with a better long-term track record than Berkshire Hathaway (NYSE: BRK-A)(NYSE: BRK-B) CEO Warren Buffett. Since 1965, Berkshire's share price has grown by a 20.3% annual rate, equating to an aggregate gain of 2,744,062%. That's more than a 2,7
Futures tracking the technology-heavy Nasdaq 100 index sank 2% on Wednesday as investors priced in the prospect of a Democrat-controlled Senate that could lead to tighter regulations on technology mega-caps.
Amazon (AMZN) announced that it has bought 11 Boeing (BA) 767-300 planes from Delta Air Lines and WestJet to boost its in-house cargo airline fleet. This marks the online retail giant’s first-ever purchase of aircraft to expand its delivery network.
Amazon said that the purchase includes seven planes from Delta Air Lines (DAL) and the remaining four from WestJet. The four planes from WestJet will join the Amazon Air cargo network this year while aircraft bought from Delta will be added in 2022.
"Our goal is to continue delivering for customers across the U.S. in the way that they expect from Amazon, and purchasing our own aircraft is a natural next step toward that goal," said Sarah Rhoads, Vice President of Amazon Global Air."
The company stated that it will continue to rely upon third-party airline carriers to operate the newly purchased planes. (See AMZN stock analysis on TipRanks).
On Dec. 21, Monness analyst Brian White reiterated his Buy rating and a price target of $4,000 (24.3% upside potential) on the stock. In a note to investors, White wrote, “we believe the company’s growth path is very attractive across the e-commerce segment, AWS, digital media, advertising, Alexa and more. Also, we expect the COVID-19 to drive accelerated digital transformation, benefiting the company’s business model.”
Like White, the rest of the Street maintains a bullish outlook on the stock. The Strong Buy analyst consensus is based on 34 Buys and 1 Hold. With shares up over 71.7% over the past year, the average price target of $3,810.18 implies further upside potential of about 18.4% to current levels.
The stock market is trying to get 2021 going, and after a strong 2020 performance from the Nasdaq Composite (NASDAQINDEX: ^IXIC), bullish investors are hopeful that stocks will continue their winning ways. With the Dow having climbed above the 30,000 mark recently, some wonder wh
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