Amazon.com Inc (AMZ.HM)
- Yahoo Finance Video
Why software stocks have 'legs,' upside potential: Strategist
Software stocks are gaining attention as investors identify potential market upside. Victor Cossel, Seaport Research Partners senior macro and equity strategist, joins Market Domination to offer guidance on navigating this sector. Cossel reflects on the sector's journey, noting that software stocks faced negative sentiment early in the year. Many investors believed that "AI would disintermediate" numerous companies in this space. However, Cossel argues that this sentiment has been "overdone," pointing to the continued strong performance of industry leaders like Salesforce (CRM) and Adobe (ADBE). Turning to market dynamics, Cossel highlights emerging trends: "We're seeing a lot of familiar reversal patterns in software stocks." He adds, "It's the reversal formation that really caught our attention. The prior consolidation that... springboards to the upside." For more expert insight and the latest market action, click here to watch this full episode of Market Domination. This post was written by Angel Smith
- Reuters
Jeff Bezos to sell Amazon shares worth about $5 billion after stock hits record high
After the sale plan, Bezos would own about 912 million Amazon shares, or 8.8% of the outstanding stock. He sold shares worth roughly $8.5 billion in February, after the stock rallied 80% in 2023. Bezos is ranked the second-richest person in the world with a net worth of $214.4 billion, according to Forbes.
- Bloomberg
Bezos to Sell $5 Billion of Amazon as Shares Hit Record High
(Bloomberg) -- Jeff Bezos disclosed a plan to unload 25 million additional shares of Amazon.com Inc. worth $5 billion on the day the stock hit a fresh record.Most Read from BloombergUS Allies Say China Is Developing Attack Drones for RussiaChina Can End Russia’s War in Ukraine With One Phone Call, Finland SaysBiden Struggles to Contain Pressure to Abandon Reelection BidHouse Democrats Consider Demanding Biden Withdraw From RaceZelenskiy Challenges Trump to Reveal Plans for Ending WarThe notice w
