Nasdaq AMZN Amazon

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Amazon (NASDAQ: AMZN) shares have surged past $3,000 in recent days as investors bet that the e-commerce giant will emerge from the pandemic even stronger than it was before.

Amazon (NASDAQ: AMZN) shares have surged past $3,000 in recent days as investors bet that the e-commerce giant will emerge from the pandemic even stronger than it was before.

Amazon (NASDAQ: AMZN) shares have surged past $3,000 in recent days as investors bet that the e-commerce giant will emerge from the pandemic even stronger than it was before.

Ad buyers expect overall ad spend to decline about 20% in the second half of 2020, according to a survey from IAB last month. The decline will hit some industries much harder than others, as the effects of COVID-19 served to accelerate many advertising trends that existed before

Electric vehicle startup Rivian, which is backed by Amazon and Ford Motor and aims to put an electric pickup and SUV in production in 2021, boosted its war chest further with a $2.5-billion investment round led by T. Rowe Price, Rivian said Friday.

Shopping online is hitting it big, and e-commerce platform Etsy (NASDAQ: ETSY) is finally positioned to take advantage of the wave. Prior to a massive restructuring in 2017, the company was falling deeper and deeper into the red, pressured by ballooning costs and big-name compet

What happened Shares of Comcast (NASDAQ: CMCSA) fell 13.3% in the first half of 2020, according to data from S&P Global Market Intelligence. The communications and media conglomerate posted mixed results in the first quarter, as the company's core broadband products remaine

Kroger (NYSE: KR) stock has its fair share of challenges in past years amid competition from the likes of Walmart, Amazon, Target, and numerous local and regional grocery store competitors. Now, with Albertson's (NYSE: ACI) launching an IPO in late June, Kroger faces potential a

As was expected, Macy's (NYSE: M) didn't have a great go of it during the first quarter of fiscal 2020, which ended on May 2. With physical stores shuttered for half of the period, the company burned through $164 million in negative operating cash flow on revenue of $3 billion -

The dream of winning at penny stock investing has long been part of market folklore, popularly depicted through a Sopranos-style "Webistics" scheme or a strip mall boiler room operation. The desire to own shares of very inexpensive stocks to see their value double overnight is

Volatility in the stock market often means opportunity, and that rule of thumb has been clearly borne out this year. 

(RTTNews) - Amazon Thursday revealed the top ten states with the most, small and medium-sized businesses (SMBs) per capita, as well as the top ten states with the fastest-growing SMBs, selling on amazon's platform.

India should set up a data regulator and require companies to disclose how they collect and store data devoid of personal details or which has been anonymised, a panel tasked to draw up such regulations has said in a draft report seen by Reuters.

Britain is betting that satellite operator OneWeb will help it boldly go into a post-Brexit era. But it faces formidable challenges to complete a working constellation and rebuild a collapsed venture that has proved a money pit for investors.

Amazon.com Inc plans to create at least $100 million in stock awards to retain the 900-plus employees of Zoox, the self-driving car startup it offered to buy last month, and can walk away from the deal if large numbers of them turn down job offers from the technology giant.

2020 has been a tale of two markets, and the Nasdaq Composite (NASDAQINDEX: ^IXIC) has definitely been the big winner. Even as old-economy stocks have suffered dramatic declines due to the COVID-19 pandemic, many of the tech-focused companies whose shares trade on the Nasdaq sto

The S&P 500 and Dow dropped on Thursday as investors worried about another round of business shutdowns to contain a surge in coronavirus cases and began to shift their focus to earnings, while the Nasdaq hit another record closing high.

Once again, Baird analyst Colin Sebastian is singing Amazon’s (AMZN) praises.

Extra emphasis on the again here. The coronavirus has wreaked havoc on all aspects of daily life but what it has also inadvertently done, is provide Amazon with a monster surge in demand that shows no signs of slowing down. With the $1 trillion market cap milestone in the rear-view mirror, the Street has been playing catch up all year with Amazon. 

Amazon’s continued rise comes down to the simple fact that it is exponentially growing in all directions. This point is not lost on Sebastian, who thinks Wall Street is underestimating Amazon’s growth curve.

The 5-star analyst said, “Our revised Q2 revenue estimate of $85.2 billion (34%-plus year-over-year) is above consensus of $80.8 billion – we are modeling 40% growth in Online stores (vs. 24%-plus in Q1), 40% growth in Advertising, 35% growth in 3P seller services, 33% growth in AWS, 32% growth in Retail Subscriptions and 10% growth in Physical Stores.”

However, while Amazon’s sales got a corona charged boost in the quarter, operating expenses increased significantly, too. The e-commerce giant hired extra hands to meet the demand, increased hourly wages and spent heavily to ensure employees’ safety. That said, Sebastian believes these expenses will be partially offset by “greater marketing efficiencies.” The analyst counts “lower ad prices, lower ad spend in some areas and high levels of repeat purchase activity” as counterpoints to the additional overhead.

Sebastian’s updated estimates are accompanied by a new price target of $3,300, raised from $2,750, which suggests 4% upside potential. In addition, his Outperform (i.e. Buy) rating stays as is. (To watch Sebastian’s track record, click here)

The rest of the Street keeps Amazon in its good graces, too, going by the 38 Buys, 2 Holds and one lone Sell rating. These add up to a Strong Buy consensus rating. However, once again Amazon’s latest share gains (70% year-to-date) have left the $2,856.03 average price target in the dust. The figure now implies shares could drop by 9% over the coming months. (See Amazon stock analysis on TipRanks)

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The S&P 500 and Dow dropped on Thursday as investors worried about another round of business shutdowns to contain a surge in coronavirus cases and began to shift their focus to earnings, though the Nasdaq registered another record closing high.