Nasdaq AMZN Amazon

Amazon.com is in talks about joining other technology companies as a cornerstone investor in SoftBank Group Corp's Arm Ltd ahead of its initial public offering (IPO), people familiar with the matter said on Tuesday.

Why are stocks down today? In the video below, I will bring you up to speed on the stock market by providing analysis on macroeconomics, news, and events. Additionally, I'll share the five best stocks to buy now in the stock market sell-off. These are stocks that long-term invest

Rivian Automotive on Tuesday raised its full-year production forecast after it beat second-quarter revenue expectations on higher deliveries.

Rivian Automotive RIVN.O on Tuesday raised its full-year production forecast after it beat second-quarter revenue expectations on higher deliveries.

The Walt Disney Company’s DIS third-quarter fiscal 2023 results, set to be reported on Aug 9, are expected to reflect a declining Disney+ subscriber base amid intensifying competition.Per a recent JustWatch report, Disney+ had a 1

Disney stock has been underperforming for several years, and all eyes will be on "the S-word" in this week's Q3 results. However, with valuations looking attractive and cost-cutting efforts well underway, the stock could be a solid buy at current levels.

Amazon stock has outperformed in 2023, supported by strength across its products and services. However, while AMZN has already delivered impressive returns, future growth opportunities continue to support the bull case.

The Invesco S&P 500 Equal Weight Consumer Discretionary ETF (RSPD) is seeing unusually high volume in afternoon trading Tuesday, with over 128,000 shares traded versus three month average volume of about 28,000. Shares of RSPD were off about 1.1% on the day.

YieldMax has added another option income strategy ETF to its lineup, with the new fund focused on Netflix, Inc. (NFLX). The YieldMax™ NFLX Option Income Strategy ETF (NFLY), listed on NYSE Arca on August 8, seeks to generate monthly income via a synthetic covered call strategy on Netflix. “Netflix has been one of the stronger [...] Read more at ETFtrends.com.

In today's video, I discuss Nvidia's (NASDAQ: NVDA) AI chip, the H100, and how cloud giants like Amazon (NASDAQ: AMZN) and Microsoft (NASDAQ: MSFT) are finally turning them on for general availability. Check out the short video to learn more, consider subscribing, and click the s

Last year was a tough one for Amazon (NASDAQ: AMZN). The company's already-thin profit margins were further pressured by soaring costs. The perennially strong operating income of Amazon Web Services (Amazon's cloud-computing arm) was crimped, while Amazon's e-commerce operations

IonQ IONQ is set to report second-quarter 2023 results on Aug 8.The Zacks Consensus Estimate for second-quarter revenues is pegged at $4.37 million, indicating an increase of 67.47% from the year-ago quarter.The consensus estimate

Warren Buffett is widely regarded as one of the most successful investors of all time, and for good reason. His diversified holding company, Berkshire Hathaway (NYSE: BRK.A) (NYSE: BRK.B), has delivered an impressive annualized return of 19.8% for its shareholders since 1965, bea

FAANG stocks [Meta Platforms ( NASDAQ:META ), previously called Facebook, Amazon ( NASDAQ:AMZN ), Apple ( NASDAQ:AAPL ), Netflix ( NASDAQ:NFLX ), and Google’s parent company Alphabet ( NASDAQ:GOOGL ,  GOOG )] have outperformed the S&P 500 ( SPX ) so far in 2023, with META rallying over 160%. However, macroeconomic uncertainty continues to be a drag. We used  TipRanks’ Stock Comparison Tool to pit Meta, Amazon, and Apple against each other to pick Wall Street’s favorite FAANG stock at current levels. Meta Platforms (NASDAQ:META) Shares of social media giant Meta Platforms have been enjoying a splendid run this year, fueled by the company’s better-than-anticipated performance in the first half of the year. Last month, the company not only beat analysts’ second-quarter estimates but also issued upbeat guidance for the third quarter. Meta’s Q2 2023 revenue grew by 11% to $32 billion, marking the first time the company generated double-digit growth since the end of 2021. The company’s top line has been under pressure in recent quarters due to the impact of macro pressures on digital ad spending, growing competition, and Apple’s iOS privacy change, which limited ad-targeting capabilities. Despite these pressures, Meta has bounced back strongly much to the delight of investors. Moreover, the company has been taking aggressive cost control and streamlining measures to improve its profitability. In Q2 2023, the company’s EPS grew 21% to $2.98.          Is Meta a Good Stock to Buy? On Monday, UBS analyst Lloyd Walmsley maintained a Buy rating on Meta with a price target of $400. The analyst expects the company to introduce generative artificial intelligence (AI) consumer chatbots across its WhatsApp, Instagram and Facebook apps by the end of next month at the Meta Connect event. Walmsley believes that a consumer chatbot launch would enable Meta to win market share in the nearly $200 billion search ads market. He projects the revenue opportunity from chatbot search ads of $7.5 billion for the Facebook app alone and potentially over $20 billion across Meta’s Family of Apps. Walmsley concluded that Meta remains one of his favorite names in the internet sector, backed by several top-line catalysts like persistent growth in engagement, Reels monetization, click-to-message ads expansion, Shop Ads rollout, and Twitter-rival Threads. Wall Street’s Strong Buy consensus rating on Meta stock is based on 39 Buys and two Holds. The average price target of $377.70 implies 19.3% upside. Meta shares skyrocketed 163% so far in 2023. Amazon (NASDAQ:AMZN) E-commerce and cloud computing giant Amazon impressed Wall Street with its market-crushing second-quarter performance. The company’s cost-cutting efforts and higher sales helped it swing to EPS of $0.65 from a loss per share of $0.20 in the prior-year quarter. Amazon’s Q2 2023 sales grew about 11% year-over-year to $134.4 billion, driven by an 11% and 10% rise in North America and International retail sales, respectively. Further, sales from the company’s Amazon Web Services cloud business increased 12%. The company also issued a better-than-anticipated third-quarter revenue outlook.  To continue to support its growth strategies, Amazon expects capital expenditure of slightly more than $50 billion in 2023 compared to $59 billion in 2022. While the company projects its fulfillment and transportation expenditure to be down this year, it expects higher infrastructure spending to support AWS growth, including additional investments related to generative AI and large language model initiatives. Is Amazon a Buy, Hold, or Sell? Last week, Barclays analyst Ross Sandler increased the price target for Amazon stock to $180 from $140 and reaffirmed the Buy rating on the stock. The analyst noted that after two years of immense trouble for Amazon bulls, the company is now back with market share gains and improved margins. Sandler believes that AWS is likely re-accelerating on regular and AI workloads and retail growth is steady. He also thinks that margins may cross the 2018 peak. With 37 Buys and one Hold, Amazon scores a Strong Buy consensus rating. At $171.08, the average price target implies 20.3% upside. Shares have jumped over 69% since the start of this year. Apple (NASDAQ:AAPL) Apple shares have been declining since the company announced a disappointing fiscal fourth-quarter revenue outlook. The iPhone maker managed to beat analysts’ expectations for Q3 FY23 (June quarter), thanks to the 8.8% rise in Services revenue to $21.2 billion. However, overall revenue declined 1.4% year-over-year to $81.8 billion due to lower iPhone, Mac, and iPad revenues. Moreover, the company cautioned investors about a fourth consecutive year of revenue decline by saying that it expects the September quarter top-line performance to be similar to the June quarter. In particular, Apple expects iPhone and Services business to accelerate on a year-over-year basis compared to the June quarter. That said, the company anticipates Mac and iPad revenues to decline by double digits due to tough comparisons.    What is Apple’s Price Target? While several analysts remain optimistic about Apple, Rosenblatt analyst Barton Crockett downgraded the stock to Hold from Buy with a price target of $198 last week. Crockett stated that Apple’s Q3 FY23 performance highlights the slowdown phase in which it exists currently. He feels that a slowdown in the U.S. could last until a material new product category captures the market. Given the uncertainty associated with the timing and success of a new product category, the analyst does not find the stock attractive currently due to its peak absolute and relative valuation multiples. Wall Street’s Strong Buy consensus rating for Apple stock is based on 22 Buys and seven Holds. The average price target of $208.99 implies about 17% upside potential. Shares have risen 38% year-to-date. Conclusion Despite macro pressures, Wall Street is highly bullish on Meta Platforms, Amazon, and Apple and believes in their ability to drive long-term growth. Currently, they see slightly higher upside potential in Meta and Amazon than Apple. Disclosure

Below is Validea's guru fundamental report for AMAZON.COM, INC. (AMZN). Of the 22 guru strategies we follow, AMZN rates highest using our P/B Growth Investor model based on the published strategy of Partha Mohanram. This growth model looks for low book-to-market stocks that exhi

Wall Street delivered downbeat performances last week with the S&P 500 losing 2.3%, the Dow Jones retreating 1.1%, the Nasdaq Composite falling 2.9% and the Russell 2000 dropping 1.2% (read: Time for Value ETFs as Buffett Indi

Investors are understandably fascinated by the so-called "Magnificent Seven" stocks, a group of megacap companies that have created tremendous wealth for shareholders.

For Immediate ReleaseChicago, IL – August 8, 2023 – Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the fina

When it comes to building a business, investors, advisors, and board members may warn founders of growing too quickly. While this sounds a little convoluted, the root of the argument is that before a company explores developing a new product or pursuing additional end markets, it

The wheel. The printing press. Electricity. The computer. The internet. Those are some of the biggest technological advancements in human history. Now we're seeing another blossom right in front of our eyes: artificial intelligence (AI).