1,809.30 -13.19 (-0.72%)
Pre-market: 9:02AM EDT
|Bid||1,810.25 x 1100|
|Ask||1,811.97 x 800|
|Day's range||1,814.45 - 1,841.95|
|52-week range||931.75 - 1,841.95|
|PE ratio (TTM)||229.24|
|Earnings date||26 Jul 2018|
|Forward dividend & yield||N/A (N/A)|
|1y target est||1,863.23|
How much do you need to use Amazon Prime to make it worth it? The company just raised the annual fee to $119. But it doesn't change the calculation too much.
Microsoft is working on tech that would eliminate checkout lines from stores, much like the automated Amazon Go supermarket. Thuy Ong reports
Amazon is hoping customers don't see any more dogs, after early problems on Prime Day meant people trying to shop got only images of the cute canines delivering an apologetic message. Amazon's website ran into some early snags Monday on its much-hyped Prime Day, an embarrassment for the tech company on the shopping holiday it created. Shoppers clicking on many Prime Day links after the 3 p.m. ET launch in the U.S. got only images of dogs — some quite abashed-looking — with the words, "Uh-oh.
The Zacks Analyst Blog Highlights: Amazon, Best Buy, Kroger, Shoe Carnival and Dillard???s
Amazon workers in Spain are striking over salary and working conditions to coincide with the online retailer's global sales event, Prime Day. The CCOO and CGT workers' unions say that nearly 80 percent of the workers walked off their positions on Tuesday at Amazon's largest packing and distribution center in Spain, located in the outskirts of Madrid, after reporting similar numbers on Monday. In an e-mailed statement, the company says salaries for its more than 2,000 employees in Spain with permanent jobs were competitive and accompanied by benefits.
Amazon trades at a considerable premium to the S&P 500 and still has the potential to move higher. Amazon’s net profits have increased sharply in the last couple of quarters. According to eMarketer, in US ad dollars, Amazon could be third in the space in terms of market share by 2020, and expects its US ad revenue to climb 63.5% to $2 billion this year.
Netflix (NFLX) reported its fiscal Q2 2018 financial results on July 16. From the graph above, you can see Netflix’s EPS growth in the last five quarters. During that period, its bottom line grew at a CAGR (compound annual growth rate) of 54.3%.
It seems retailers want to have Microsoft’s (MSFT) back as the software giant takes care of theirs. Since Silicon Valley enterprise cloud startup Snowflake Computing launched in 2012, it has only used Amazon’s cloud (AMZN) to deliver its services. Snowflake, which enables customers to store and run data queries on cloud servers, is often used in retail. However, some retail customers weren’t comfortable with Snowflake only running on Amazon’s cloud. In a recent interview with CNBC, Snowflake CEO Bob Muglia said the company has now added Microsoft Azure due to strong customer demand.
Shuttered store fronts are common in cities across the U.S. Shopping malls that once thrived at the intersections of busy suburban thoroughfares are empty and abandoned. Noah Smith: The U.S. is sometimes said to be in a retail apocalypse. In a world of perfectly mobile capital and labor, store closings wouldn’t seem like a big deal -- after all, if e-commerce is more productive, then we should switch to that, right?
FreshDirect has figured out an important trick: how to make money delivering groceries. The company, which is expected to post revenue north of $800 million this year, is preparing to open a 400,000 square-foot facility in the South Bronx that will allow it to double its business, according to Chief Executive Officer Jason Ackerman, a co-founder of the company. Founded in New York City during the original internet boom nearly 20 years ago, FreshDirect has been profitable since 2010.
Amazon.com Inc. sales rose sharply during the first three hours of its Prime Day sales event, dispelling fears that the technical glitches that incensed shoppers would significantly hurt business. Shoppers spent 54 percent more in the first three hours of this year’s event -- 3 p.m. to 6 p.m. EST -- than in the first three hours of a year ago when the shopping bonanza began at 9 p.m., according to Feedvisor, which sells software to set prices in e-commerce. Amazon said sales in the first 10 hours of Prime Day grew at a faster pace than the same period of the event in 2017.
While Amazon.com Inc. struggled to keep its site online for the start of Prime Day, the company’s Whole Foods stores relied on old-school promotional techniques to sell Prime subscriptions. Employees set up kiosks to hand out Amazon-branded temporary tattoos, Prime Day stickers and leaflets promoting an Amazon credit card. The stores this week are a vivid display of Amazon’s ambitions to turn Whole Foods into a place to recruit and cater to members of its $119-a-year Prime program.
Guru Hariharan, Boomerang chief executive officer and former Amazon.com Inc. executive, discusses Amazon's Prime Day promotion with Bloomberg's Emily Chang on "Bloomberg Technology." (Source: ...
NEW YORK (AP) — Amazon's website ran into some early snags Monday on its much-hyped Prime Day, an embarrassment for the tech company on the shopping holiday it created.
From a massive share offering to a potentially scuttled merger, see why these three stocks fell today.
Amazon says it's working to resolve the glitches on its website that kept shoppers from buying on its much-hyped Prime Day. The hiccups could mute sales and send shoppers elsewhere on one of Amazon's busiest sales days. Shoppers clicking on many Prime Day links after the 3 p.m. ET Monday launch in the U.S. got only images of dogs — some quite abashed-looking — with the words, "Uh-oh.
Amazon's (AMZN) Prime Day, its rumored entry into the network switching business and its PillPack acquisition are the top stories in this roundup.
A teen-focused discount chain is the IBD Stock Of The Day: Five Below stock is forming another base, albeit a late-stage base.
Tom Forte, DA Davidson & Co. analyst, discusses what Amazon.com Inc. gets out of Prime Day. He speaks with Bloomberg's Julie Hyman and Lisa Abramowicz on "Bloomberg Markets." (Source: Bloomberg)...
Amazon.com Inc. kicked off its big Prime Day sales promotion with technical glitches on its website and app, threatening its 36-hour sales extravaganza.
Shoppers were expected to spend $3.4 billion on Amazon during the promotion, up more than 40 percent from last year’s Prime Day, according to Coresight Research. “Some customers are having difficulty shopping, and we’re working to resolve this issue quickly,” Amazon said Monday on Twitter, adding that “many are shopping successfully.” The company’s stock closed at $1,822.49, but slid about 1.5 percent in extended trading in New York. Thousands of people reported losing connections with their Alexa digital assistants via Echo voice-activated speakers and having trouble streaming Prime Video, according to Downdetector.
Twitter had the #failwhale, Amazon has the #faildog. Amazon.com (AMZN) apparently couldn't handle the influx of traffic on Prime Day, which started at 3 p.m. ET on Monday. Instead of getting promos for hot items like the Echo, users who went to the site a few minutes after the deals began got an image of a dog and an apologetic notice: "SORRY Something went wrong on our end." Amazon stock dropped about $11, or 0.6%,to $1,823, in the 15 minutes after Prime day launched. Amazon is the leading provider of cloud services in the U.S., so its inability to handle the influx of web traffic is somewhat troubling.