146.65 -1.49 (-1.01%)
Pre-market: 4:50AM EDT
|Bid||146.65 x 800|
|Ask||146.80 x 800|
|Day's range||146.37 - 150.68|
|52-week range||135.14 - 211.70|
|Beta (3Y Monthly)||2.45|
|PE ratio (TTM)||44.00|
|Earnings date||2 Nov 2018|
|Forward dividend & yield||N/A (N/A)|
|1y target est||221.59|
eBay (EBAY) has experienced the pressure of activist investors before, and it could relive that experience soon. According to a Bloomberg report, eBay could be on its way to face another activist investor push in the near future. That is because several activist investors are believed to be setting their eyes on the company.
Amazon (AMZN) has revised its pay plan a bit to enhance compensation for long-time workers after controversy resulted from its initial wage hike announcement. Under the revised pay plan, the hourly wage for employees who already earn $15 an hour is going up by $1.25 an hour. Amazon’s enhanced pay plan for hourly workers, which is scheduled to take effect on November 1, has eliminated bonuses and stock awards.
For the ninth consecutive month, the so-called FAANG and BAT stocks—the US stocks Facebook (FB), Apple (AAPL), Amazon (AMZN), Netflix (NFLX), and Google (GOOGL) and China’s Baidu (BIDU), Alibaba (BABA), and Tencent (TCEHY)—remained the most crowded trades. These trades were determined the most crowded by 32% of professional investors, down from 36% last month.
Intel (INTC) has been transitioning to the data-centric business, and DCG (Data Center Group) is its most profitable business segment, growing double-digit YoY (year-over-year). Intel’s DCG is seeing strong demand from the Cloud and Communications Service Providers as they prepare for AI and 5G. It’s also seeing growth in the Enterprise segment as companies increasingly adopt analytics, which is increasing their data-intensive workloads.
Amazon (AMZN) is exploring a logistics program that involves using bulletproof trucks to deliver goods across Brazil, people familiar with the matter told Bloomberg recently. The company is in talks with CargoX to provide trucking services in Brazil, the report said. While Amazon has been slow to expand in Brazil since launching there six years ago, it’s one of the top ten e-commerce sites in the country.
Alphabet’s (GOOGL) Google has decided not to bid on a huge Pentagon cloud contract worth as much as $10 billion per year that could last as long as ten years. The Pentagon is taking bids for the so-called JEDI (Joint Enterprise Defense Infrastructure) cloud project after releasing final requirements for the project in July. Google said that it would not bid for the JEDI contract because it couldn’t obtain sufficient assurance that the project would align with its corporate values.
The world is moving toward the data economy, and Intel (INTC) is at the center of this trend. Intel is investing in the four fast-growing markets of 5G, AI, IoT, and autonomous vehicles. Intel has partnered with several Chinese companies.
Amazon (AMZN) hosts more than 2.0 million sellers on its marketplace, according to FactSet estimates cited by the Wall Street Journal. The company makes money from its sellers by taking a cut of the sales they make through its marketplace. For example, sellers pay to advertise their items on Amazon’s marketplace, and Amazon also earns revenue from processing payments and extending loans to sellers.
Amazon (AMZN) is scheduled to release its third-quarter earnings results on October 25. Since Amazon reported revenue of $43.7 billion in the third quarter of 2017, the estimate implies that the company is expected to have grown its revenue 30.7% YoY (year-over-year). Amazon’s revenue rose 33.7% YoY in the third quarter of 2017.
The stock of Chinese (FXI) Internet giant Alibaba (BABA) has declined 17.7% this year and is currently trading at $141.90. Alibaba stock has fallen 13.9% in October 2018 and has been impacted since founder Jack Ma announced his retirement in September. Analysts expect Alibaba’s revenue to rise 58% to $57.6 billion in fiscal 2019 (year ending in March) and 29% to $79.9 billion in 2020.
Does the Sell-Off Imply Market Repositioning for Lower Growth? Technology companies are the ones leading the current market decline. Amazon (AMZN), Netflix (NFLX), and Apple (AAPL) stocks took a sound beating yesterday and plunged 6.1%, 8.4%, and 4.6%, respectively.
About 35% of the US workforce was doing gigs, meaning working on short-term contracts or freelance jobs, in 2017. As more people embrace gig work, their payment preferences are also changing, and that’s good news for PayPal (PYPL). According to the gig economy report from PYMNTS, 51% of full-time gig workers prefer to receive their dues through PayPal.
We’ve been in a decade-long bull market and some observers see it as the long leg of the aging bull market. However, the FAANG stocks have supported markets even though some of the other sectors sagged.
Chinese (FXI) stocks have had a difficult year so far, as trade wars have weighed heavily on companies. Several China-based companies are now trading close to their 52-week lows. However, the growth story for China remains intact and is far from over. Top Chinese stocks are now trading at cheap valuations and might be available at a bargain for long-term investors given their high revenue growth estimates.
The stock market sold off Wednesday. IPO stock Square fell over 7%, as its support at the 50-day line gave way.
Pakistan is one of the international markets in which PayPal (PYPL) is currently not available. There have been talks about PayPal launching in Pakistan for a few years now, but that hasn’t happened. PayPal has described Pakistan as market with great opportunity.
Ryan McQueeney describes reasons for recent market volatility and recaps the IMF's cautious note on global economic growth. He also highlights analyst sentiment and recent news related to Alibaba. Later, the host tells the interesting story of tobacco producer turned pot stock Pyxus International.
(BABA) (BABA) shares are declining for the fifth straight session after a number of analysts tempered their enthusiasm for the Chinese e-commerce giant. At least four bullish analysts lowered their price targets on the stock on Wednesday, citing macroeconomic concerns in China as well as expectations that investment spending will continue to affect results. Raymond James analyst Aaron Kessler remains upbeat about Alibaba’s overall business, but he warns of some company-specific issues that could weigh on results in the immediate term.
Han Joon Kim, an analyst at Deutsche Bank AG, cut Alibaba’s target price to $189 from $196 amid concerns the firm’s gross merchandise value for the quarter ending in September could be softer than during the previous three months. The target price, the lowest among about 50 analysts covering the stock, implies a 29 percent upside from Alibaba’s Tuesday close. KeyBanc’s Hans Chung cut his to $215 from $220 and Raymond James’ Aaron Kessler lowered his estimate by $20 to $260.