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
What happenedShares of airplane manufacturer Boeing (NYSE: BA) got a huge lift Tuesday when Bloomberg reported, late in the morning, that Amazon.com (NASDAQ: AMZN) is buying 11 Boeing 767-300 airplanes.
On Tuesday, Boeing shares surged and aerospace ETFs gained amid news that Amazon (AMZN) said it’s purchasing 11 used Boeing 767-300 jets from Delta and WestJet. The move happens as airlines struggle to reduce their fleets, in an attempt to mitigate lower demand due to the coronavirus. Amazon and related consumer ETFs gained slightly amid the [...] Read more at ETFtrends.com.
Amazon.com's (NASDAQ: AMZN) air cargo ambitions are taking a new flight path after the e-commerce giant announced it was buying, not leasing, 11 used Boeing aircraft from Delta Air Lines and WestJet Airlines.The purchase marks the first time Amazon has not leased any airplanes fo
Walt Disney (NYSE: DIS) has officially been crowned king by internet pirates everywhere. The Disney+ smash hit streaming series The Mandalorian became the world's most pirated show in 2020, according to data compiled by TorrentFreak. The mantle was previously worn by AT&T's (
U.S. parking management software maker FlashParking Inc said on Tuesday it would merge with Arrive Inc, an online platform that allows drivers to find and book parking spaces.
Amazon.com Inc said on Tuesday it bought 11 Boeing 767-300 aircraft, as it looks to boost its delivery capabilities to cater to a surge in online orders.
(RTTNews) - Amazon.com Inc said that it purchased eleven Boeing 767-300 aircraft, expanding its fleet to continue to serve customers. The purchases include seven aircraft from Delta and four aircraft from WestJet.Amazon noted that the four aircraft purchased from WestJet in March
If you're just getting started in the stock market, I'm jealous. I remember how exciting it was at the beginning of my investing journey more than three decades now. You will win. You will lose. And if you do things right, you will learn from every revelation. Picking your first
Fintech, or financial technology, is a growing field and has been one of the biggest gainers of the pandemic. Loosely, fintech companies provide technology solutions for payments and other financial transactions. The leader in the field is PayPal (NASDAQ: PYPL), which pioneered d
For a business that looked like it was on the verge of collapse not that long ago, Bed Bath & Beyond (NASDAQ: BBBY) has come through the coronavirus pandemic looking better than it has in years.Although sales are still down sharply year over year for the first six months of t
A new year means new opportunities to put your money to work in the greatest wealth creator on the planet: the stock market.Even with the broad-based S&P 500 ending 2020 at an all-time high, history has shown time and again that if you buy high-quality companies and hang onto
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