AMZN Jan 2024 3315.000 call
- Yahoo Finance Video
Amazon's 'built a better mousetrap' for delivery volumes
Amazon (AMZN) has become the king of the hill when it comes to deliveries as the e-commerce giant, according to company documents released by the Wall Street Journal, delivered 4.8 billion packages by Thanksgiving this year — more than its competitors FedEx (FDX) and United Parcel Service (UPS). The company also estimates that it will reach 5.8 billion packages by the end of the year, outpacing its total deliveries compared to last year by 600 million. Scott Devitt, Wedbush Managing Director, Equity Research, joins Yahoo Finance to discuss why Amazon has continued to become a dominant force in the delivery business. "The way that the market share has changed is that more merchandise that's retail-oriented that's coming out of Amazon fulfillment centers is making up in the incremental market share gains that Amazon is getting from the other two providers and Amazon's not in the business of picking up packages and delivering, which I think is market share that's probably safe for UPS and FedEx because it rates the retail," Devitt explains. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.
- Motley Fool
Who Are the Big Winners of Black Friday and Cyber Monday?
In this video, I will go over all the figures we have on the ongoing holiday shopping season, which has started off with a bang for companies like Shopify (NYSE: SHOP), MercadoLibre, and Amazon, to name a few.
- Motley Fool
Amazon's Stock Has Already Made Multiple Millionaires. Could It Do It Again?
One of the best-performing stocks in this millennium has been Amazon (NASDAQ: AMZN). An investment of $30,000 in Amazon at the start of 2000 would have made you a millionaire now, but if you started with a smaller position and consistently added to it along the way, you may have achieved this feat as well. With Amazon worth around $1.5 trillion, it's basically impossible to repeat its performance.
