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Nasdaq AMZN Amazon

IBM Stock Has Hit a 52-Week High: Is It a Buy?

5 years 4 months ago
International Business Machines (NYSE: IBM) stock recently set a new 52-week high, breaching the $150 per share level for the first time in more than a year. While its increasingly prominent role in the cloud has gained attention, it remains a company in transition.

Here's My Top FAANG Stock Pick

5 years 4 months ago
FAANG stocks, or Facebook (NASDAQ: FB), Apple (NASDAQ: AAPL), Amazon (NASDAQ: AMZN) Netflix (NASDAQ: NFLX), and Google parent Alphabet (NASDAQ: GOOGL), have defied gravity over the past decade, with all five of the companies' shares obliterating the S&P 500's performance duri

Forget Meme Stocks, Jump on This Trend Instead

5 years 4 months ago
If you've paid any attention to the financial world at all, you've heard of meme stocks by now. These are stocks, like AMC Entertainment Holdings (NYSE: AMC) and GameStop (NYSE: GME), that get hyped on social media and see their share prices rise -- sometimes dramatically and usu

2 Great Reasons to Buy This Cancer Treatment Stock Now

5 years 4 months ago
Six months into 2021, we are still experiencing a market of ups and downs. The S&P 500 is chugging along nicely with a 14% gain year to date, but stocks like Apple (NASDAQ: AAPL) and Amazon (NASDAQ: AMZN) -- both of which came out with mind-blowing revenue and earnings number

More Room For Growth in Chewy's Stock?

5 years 4 months ago
Chewy stock (NYSE: CHWY), an online retailer of pet products in the U.S, experienced almost a 6% gain over the last week (five trading days) to levels of around $79 currently. But will the company’s stock see higher levels over the coming weeks, or is a decline in the sto

Big Tech will dodge Congress’s sharpest arrows

5 years 4 months ago
WASHINGTON (Reuters Breakingviews) - A committee of the U.S. Congress has proposed no fewer than five bills designed to rein in big technology companies. Even though they are bipartisan efforts, the three most disruptive bills may languish becau

The Industry Powering the Digital Revolution

5 years 4 months ago
In this episode of Industry Focus: Tech, we're switching things up a bit as Motley Fool contributor Jason Hall and analyst John Rotonti, with host Dylan Lewis, give you a breakdown of semiconductors: how semiconductors are made, the major players throughout the value chain, and t

My 3 Favorite Stocks Right Now

5 years 4 months ago
Stock investing starts with picking the right companies. Remember, finding the next meme stock before the price takes off and selling at the high point is virtually impossible without a time machine.

3 Dividend Stocks I'd Buy Right Now

5 years 4 months ago
Dividend stocks might not be exciting, but they usually generate more stable returns than volatile growth stocks. Enrolling those stocks into dividend reinvestment plans and then leaving them alone for decades can generate dazzling total returns as they compound their gains.

Noteworthy ETF Outflows: SPY, AAPL, MSFT, AMZN

5 years 4 months ago
Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the SPDR— S&P 500— ETF Trust (Symbol: SPY) where we have detected an approximate $1.8 billion dollar outflow -- that's a 0.5% decrease w

Amazon to Open an Infrastructure Region in Israel

5 years 4 months ago

Amazon's (AMZN) cloud division, Amazon Web Services (AWS), announced its plans to set up an infrastructure region in Israel, starting in the first half of 2023.

With the new region, which is expected to be operative in the first half of 2023, the company aims to strengthen the cloud infrastructure in Israel and provide enhanced cloud services to developers, startups, enterprises, and non-profit organizations.

AWS Regions are comprised of Availability Zones, which place infrastructure in discrete geographic locations with sufficient distance to reduce the risk of a single event impacting the continuity of customers’ businesses.

Moreover, AWS was selected by the government of Israel as its primary cloud provider to speed up digital transformation in the country.

“The new AWS Israel (Tel Aviv) Region will empower more public and private institutions, innovative startups, and global companies to deliver built-for-the-cloud applications that help fuel economic development across the country, said Peter DeSantis, SVP, AWS Global Infrastructure.” (See Amazon stock analysis on TipRanks)

DeSantis further added, “The new region is a continuation of our investment to support enterprises of all kinds, help startups scale and grow, enable technical skills development, and create cloud literacy. Cloud technology is at the heart of the Israeli government’s digital transformation program, and their approach highlights the importance of setting a strong course for cloud adoption and leading by example to re-invent citizen services.”

Merrill Lynch analyst Justin Post reiterated a Buy rating with a price target of $4,360 on Amazon stock. Nowak’s price target implies 30.3% upside potential.

Post commented, “The approximate 40% growth this year follows an approximate 40% sq. ft. growth in 2020 (and this could be understated since there is a lot of activity that is not disclosed), a positive sign for future sales."

He further added, "Recent developments in Amazon’s logistics build out include: 1) new types of same day fulfillment centers that are co-located with delivery stations that carry over 100k stock keeping units (SKUs), with only 19 of these facilities in US now, but likely to roll out to top 50 US markets; 2) air hub coming Online, purchase of an additional 11 aircraft (now 75 aircraft total), and 153 flights per day globally, including recent launch of flights in Germany; and 3) launching new Sortation Centers in more rural areas, reducing areas where Amazon depends on US Postal Service and UPS.”

Consensus among analysts is a Strong Buy based on 31 unanimous Buys. The AMZN average analyst price target of $4,295.17 implies 28.3% upside potential from the current levels. Shares have gained 30.1% over the past year.

Amazon scores a “Perfect 10” from TipRanks’ Smart Score rating system, indicating that the stock has strong potential to outperform market expectations.

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