Nasdaq AMZN Amazon

With their exposure to high-growth technologies, such as high-end software and hardware, cloud computing and artificial intelligence, the seven stocks have more than doubled the return of the S&P 500 over the past decade.

Artificial intelligence (AI) is looking like more than a buzzword. Unlike other fads that have come and gone in recent years, AI is proving to have real-world impact, and investors are riding the trend. The stock of chip maker Nvidia, whose devices help power AI technology, is up

For Immediate ReleaseChicago, IL – November 14, 2023 – Zacks Equity Research shares Pilgrim's Pride PPC as the Bull of the Day and Malibu Boats MBUU as the Bear of the Day. In addition, Zacks Equity Research provides analysis on T

U.S. stock index futures edged higher on Tuesday as investors awaited a key inflation reading to gauge the Federal Reserve's monetary policy path.

Microsoft and Google will not challenge an EU law requiring them to make it easier for users to move between competing services such as social media platforms and internet browsers.

Launched on 09/17/2015, the Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF (GSLC) is a passively managed exchange traded fund designed to provide a broad exposure to the Large Cap Blend segment of the US equity market.

2023 has proven to be another dynamic year for the market. Early on, many pundits were sure in their predictions of a recession, but it never materialized. In fact, gross domestic product grew 5% last quarter, surprising many.

The S&P 500 posted its best week of the year earlier this month, gaining more than 5%, and the index extended the gain last week with an increase of more than 1%. It's impossible to predict whether the rally will last and lead to a bull market -- or if we'll have to wait a bi

Microsoft and Alphabet's Google will not challenge an EU law that would require them to make it easier for people to move between competing services – such as social media platforms and internet browsers, the companies said.

Although a certain allure exists in going against the grain, ahead of broader economic uncertainties, it may be best to consider a proven stalwart like e-commerce and technology firm Amazon ( NASDAQ: AMZN ). With pundits debating about the equity market’s forward direction, Amazon enjoys a rare unanimous “Strong Buy” assessment, meaning every analyst covering the stock is bullish on it. I, too, am bullish on AMZN stock. AMZN Stock Continues to Deliver the Goods At a time when consumers may be pulling back from unnecessary discretionary spending, Amazon continues to bolster investor confidence. With another strong earnings report in the bag, AMZN stock has been on a solid run. According to TipRanks contributor Abdulrasaq Ariwoola, Amazon reported earnings per share of $0.94 during its third quarter of Fiscal Year 2023. This figure easily beat the consensus estimate of $0.59 per share. On the top line, Amazon rang up sales of $143.1 billion, representing a 13% year-over-year increase. As well, this remarkable tally beat Wall Street’s target by $1.54 billion. Drilling down into the granularity of the income statement, Amazon Web Services (AWS) raked in $23.1 billion, which admittedly was a bit lower than the anticipated haul of $23.2 billion. However, the company’s Advertising business unit grew to $12.1 billion, beating the consensus view of $11.6 billion. Moving forward, management anticipates Q4 revenue to land between $160 billion and $167 billion. Assuming Amazon delivers at the top of the range, the performance would represent an 11.9% lift from Q4 2022’s sales of $149.2 billion. Given Amazon’s impressive earnings track record, it may be tough to dismiss such a prospect. Unsurprisingly, AMZN stock enjoyed a unanimous strong buy assessment to start the week of Nov. 12. However, it’s the magnitude of the universal view that raised eyebrows. With 40 out of 40 experts bullish on AMZN, you’d have to have a compelling reason not to consider it. Strong Fundamentals Bolster’s the Amazon Narrative As remarkable as AMZN stock has been, one counterargument sticks out: the assumed viability of the consumer economy. Although the Federal Reserve threw its weight at the inflation problem, prices remain too high. Subsequently, an overall robust labor market doesn’t help matters. Yes, people have jobs, but more dollars now chase after fewer goods. Still, that just makes Amazon’s strong fundamentals even more astonishing. According to data compiled by the U.S. Census Bureau, e-commerce transactions represented a record 16.5% of all sales during Q2 2020. That’s hardly a shocker, given the initial impact of the COVID-19 crisis and the resultant restrictions against non-essential activities. As society reopened and trends such as revenge travel took over, the aforementioned metric dropped to 14.4% in Q2 2022. However, online shopping again soared, with the stat jumping to 15.4% one year later. During this period, Amazon’s revenue increased by 10.8% from $121.2 billion to $134.38 billion. In nominal terms, the U.S. Census Bureau reports that e-commerce retail sales swung from $258.16 billion to $277.58 billion. That’s a 7.52% increase, implying that when the broader e-commerce sector moves, Amazon simply takes a greater portion of the pie. In turn, stakeholders of AMZN stock should be encouraged. Mature businesses tend to rest on their laurels. However, Amazon continues to push for – and successfully attains – more growth. Can Amazon Benefit from an Economic Downturn? Adding to the bull case, Amazon might also benefit from a possible economic downturn, specifically regarding travel spending. To be sure, if travel spending fades, it does have a chance of negatively impacting AMZN stock. After all, if consumers tighten their belts, they might do so across the board. However, it may actually help Amazon. As scientific research indicates, people tend to mitigate negative emotions through retail therapy. That was evident during COVID-19, and a similar dynamic may materialize if travel spending falters. Essentially, consumers may trade down their entertainment desires from exotic vacations to retail pleasures, which would, of course, benefit Amazon. Analysts Love Amazon Stock Turning to Wall Street, AMZN stock has a Strong Buy consensus rating based on 40 unanimous Buy ratings assigned in the past three months. The average AMZN stock price target is $175.71, implying 23.1% upside potential. Conclusion: AMZN Stock Wins the Stability, Not the Beauty Contest Some investments scream for attention, much like an exotic car. It may be a great ride, but eventually, you’ll be stuck with a hefty repair bill. On the other hand, you have established blue chips like AMZN stock. While it’s not exactly alluring today, it still consistently delivers the goods, thus winning the stability race. Under current market conditions, that may be the theme for long-term success. Disclosure

Amazon has reached a deal with Snap that will let people buy its products directly from ads on the Snapchat app, the Information reported on Monday, a week after the ecommerce giant struck a similar partnership with Facebook-owner Meta Platforms.

Nvidia on Monday added new features to its top-of-the-line chip for artificial intelligence, saying the new offering will start to roll out next year with Amazon.com, Alphabet's Google and Oracle.

Tech stocks fell late Monday afternoon, with the Technology Select Sector SPDR Fund (XLK) decreasing 0.4% and the Philadelphia Semiconductor Index falling 0.7%.

Remember the FAANG stocks? Well, they’ve morphed into a grouping now known as the “Magnificent Seven.” Netflix has gotten the boot and been replaced by another “N” company, Nvidia. Microsoft and Tesla have also joined the crew. Now the hottest names in the U.S. market include Apple, Alphabet (Google), Meta Platforms, Amazon.com, Nvidia, Microsoft, and [...] Read more at ETFTrends.com.

Why was I wasting my time overanalyzing, looking for things nobody else had seen, when the things worth buying were obvious and right there in front of me?

Amazon.com has cut around 180 jobs in its games division, at least the second round of cuts in under a week, as part of a broader restructuring, according to an email viewed on Monday by Reuters.

Earnings season is in full swing, and when it comes to technology companies, all eyes have been on how they are competing in artificial intelligence (AI). Microsoft got it all started earlier this year, turning heads with its multibillion-dollar investment in ChatGPT developer Op

SentinelOne S recently inked a strategic partnership with Snyk to address the challenges faced by software developers in managing vulnerabilities within modern applications and intricate software supply chains.The integration invo

Wall Street's main indexes slipped on Monday as investors awaited a crucial inflation reading and other economic data this week that could shape expectations around how long the Federal Reserve will keep interest rates elevated.

An economic downturn caused the Nasdaq Composite index to plunge 33% in 2022. Tech companies were some of the hardest hit as spikes in inflation led to reductions in consumer and commercial spending. The PC market experienced steep declines in sales. Meanwhile, e-commerce busines