AMZN Jun 2024 99.000 put
- 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
Vanguard's Largest Growth Fund Just Hit a 52-Week High. Is There More Room to Run?
The Vanguard Growth ETF (NYSEMKT: VUG) hit a new 52-week high on Nov. 20. The fund is now up 39.6% year to date (YTD), which is outperforming the Nasdaq Composite's 35.7% YTD gain and trouncing the S&P 500's 18.2% gain. With $170.7 billion in net assets, the Vanguard Growth ETF is one of the largest exchange-traded funds (ETFs) out there, and for good reason.
