Tag: AMZN

  • Meet Amazon’s AI Assistant, Rufus

    Meet Amazon’s AI Assistant, Rufus

    Amazon (AMZN) is soaring. All after posting better-than-expected earnings. EPS of $1 was well above estimates for 80 cents.  Revenue of $170 billion was above estimates of $166.2 billion. Amazon Web Services numbers came in at $24.2 billion, as expected. Advertising came in at $14.7 billion, slightly above expectations for $14.2 billion. Amazon also said…

  • The Holiday Rally in Amazon May be Over

    The Holiday Rally in Amazon May be Over

    “Once the holiday shopping season is over, investors may want to consider a short position in the AMZN stock. That’s because for most years, once the holiday season is over, the stock tends to see a good deal of profit-taking a few weeks into the new year,” we noted on Nov. 26. Today, analysts at…

  • How to Trade Amazon Heading into New Year

    How to Trade Amazon Heading into New Year

    Amazon had an incredible year. Since 2023 began, the ecommerce giant exploded from about $81.43 to a recent high of $146.74. Even holiday spending numbers should boost the stock even more. Black Friday online sales, for example, were up 7.5% year over year to about $10 billion. Also, as noted by MarketWatch.com, “Adobe Analytics said…

  • Amazon Pushing Higher on Latest Earnings Beat

    Amazon Pushing Higher on Latest Earnings Beat

    Amazon (AMZN) could push higher with its latest earnings beat. In its second quarter, the company posted EPS of 94 cents, as compared to expectations for 58 cents. Revenue of $143.1 billion was also above expectations for $141.4 billion. While Amazon Web Services slightly missed expectations for $23.2 billion, with a print of $23.1 billion,…

  • Weakness in Amazon is a Buy Opportunity

    Weakness in Amazon is a Buy Opportunity

    The pullback in Amazon (AMZN) has gotten a bit ridiculous. Sure, it’s seen slower growth, with lower-than-normal sales. In its third quarter, for example, the company posted revenue of $127.1 billion, which was up about 15% year over year.  Unfortunately, it was lighter than expectations for $127.46 billion. Worse, its cloud business saw 27.5% growth…

  • Three Red-Hot Back to School Stocks to Consider

    Three Red-Hot Back to School Stocks to Consider

    Back to school stocks are racing higher. All with total back to school spending expected to hit $74 billion this year from $71 billion in 2021, according to the National Retail Federation (NRF). “Families consider back-to-school and college items as an essential category, and they are taking whatever steps they can, including cutting back on…

  • Amazon Buying One Medical in $3.9 Billion Healthcare Deal

    Amazon Buying One Medical in $3.9 Billion Healthcare Deal

    Primary care stocks are on the run. All on news Amazon is set to add 1Life Healthcare (ONEM) to its growing healthcare unit for $3.9 billion, or $18 a share. After all, according to Grand View Research: “Primary care is the center of the U.S. healthcare system, reforms in the healthcare coverage will reenergize the…

  • Investors May Want to Consider these Upcoming Stock Splits

    Investors May Want to Consider these Upcoming Stock Splits

    If you’re looking for hot stocks to buy, check out upcoming stock splits. On May 25, Amazon.com (AMZN) split 20:1.  With Amazon.com as strong as it is, the stock could make a run right back to $3,000, longer-term. Shopify (SHOP) just announced it would split 10:1. “For the stock split, shareholders of record as of…

  • Amazon Stock a Steal Under $200

    Amazon Stock a Steal Under $200

    Shares of Amazon.com (AMZN) now trade at $124.71. All after a 20:1 stock split.  So, if you owned one share of Amazon, you now own 20 shares after the split that each cost about 1/20th of the previous price. At the same time, the value of your investment does not change. Even better, there are…

  • Amazon.com Just Announced a 20 for 1 Stock Split

    Amazon.com Just Announced a 20 for 1 Stock Split

    Amazon.com (AMZN) is about to get a lot cheaper. All after the company announced a 20 for 1 stock split – its first split in about 23 years.  Once approved by shareholders, it should go into effect on June 6. According to CNBC, “This is Amazon’s fourth stock split since its IPO in 1997, and its…