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Target and Walmart's Next Step to Take on Amazon

5 years 4 months ago
Both Target (NYSE: TGT) and Walmart (NYSE: WMT) have seen their digital sales channels grow tremendously since the start of the coronavirus pandemic. With the strong growth in e-commerce sales, both big-box retailers see an opportunity to take a page out of Amazon's (NASDAQ: AMZN

Could Stock Splits Send the Stock Market to a New High?

5 years 4 months ago
For the past 15 months, investors have borne witness to history on Wall Street. They navigated their way through the quickest bear market decline of at least 30% on record -- a loss of 34% for the benchmark S&P 500 (SNPINDEX: ^GSPC) in 33 calendar days -- and have enjoyed the str

3 Stocks for New Investors

5 years 4 months ago
It can be scary investing in the stock market for the first time. There's a lot of financial information for newbies to discover and a lingo you have to learn. Typically, none of this is taught in schools, so you have to pick up the information out on the street (so to speak) or

Israel’s Government Inked $1B Cloud Services Deal with Amazon, Google

5 years 4 months ago

On Monday, the government of Israel entered a deal with tech giants, Amazon Web Services (AWS) and Alphabet’s (GOOGL) Google worth $1 billion, in which the companies will offer cloud services for the country’s public sector and military, according to Reuters.

Per Finance Ministry officials, the cloud data services are likely to start in two months, though the system will not be centralized as data will be provided by two companies, and some data will not be moved to the cloud.

Notably, around a month ago, Amazon’s (AMZN) cloud division and Google won the tender for the four-phase project called “Nimbus”.

Other bidders included Microsoft (MSFT), Oracle, and IBM.

The multi-year project is expected to support the government, the defense system, and other groups in the economy with a comprehensive solution for the provision of cloud services.

The four phases included in Nimbus are acquisition and construction of cloud infrastructure, formulation of the government policy for migrating to the cloud, integration, and migration, along with control and optimization of cloud activities.

The data center regions will be established by AWS and Google over the next two years. Meanwhile, both companies will provide services via cloud infrastructure positioned in the Netherlands, Germany, and Ireland. Notably, the tenure of providing services is for a minimum of seven years and a maximum for 23 years. (See Alphabet stock analysis on TipRanks)

These cloud projects are expected to create full-time employment for around 3,000 Israelis. Furthermore, the promotion of Israel’s innovation and the creation of an ecosystem in cloud technologies are also anticipated, per the source.

According to the ministry, the new move of making available cloud services in Israel is likely to transfer significant government services, which will aid in the capitalization of the technological advantages in the cloud improving services for citizens and augmenting economic efficiency.

On May 17, Monness analyst Brian White reiterated a Buy rating and a price target of $3,000 (27% upside potential) on Alphabet.

White said, “There is no company on the planet more at risk of a breakup than Alphabet. Moreover, privacy has become more important to users, and politicians have grown increasingly concerned over the impact of Big Tech on U.S. culture. Thus, we expect Alphabet’s tone and innovation announcements this week to take into consideration the company’s precarious position.”

Alphabet shares have rallied 66.1% over the past year, while the stock still scores a Strong Buy consensus rating based on 26 Buys versus 2 Holds. That’s alongside an average analyst price target of $2,778.32, which implies 17.7% upside potential to current levels.

Additionally, Alphabet scores a 9 of 10 from TipRanks’ Smart Score rating system, indicating that the stock has strong potential to outperform market expectations.

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See Which Of The Latest 13F Filers Holds Amazon.com

5 years 4 months ago
At Holdings Channel, we have reviewed the latest batch of the 152 most recent 13F filings for the 03/31/2021 reporting period, and noticed that Amazon.com Inc (Symbol: AMZN) was held by 70 of these funds. When hedge fund managers appear to be thinking alike, we find it is a good

Earnings Roundup: Olo, Jumia, and Lemonade

5 years 4 months ago
In this episode of Industry Focus: Tech, host Dylan Lewis and Motley Fool contributor Brian Feroldi run through earnings updates from three companies on Dylan's watch list -- restaurant tech company Olo (NYSE: OLO), "Amazon of Africa" Jumia (NYSE: JMIA), and "finsurance" player L

3 More Media Acquisition Candidates

5 years 4 months ago
The media industry has been characterized by massive acquisitions and consolidation over the last few years. The latest megamerger is the planned combination of AT&T's (NYSE: T) WarnerMedia and Discovery Communications.
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