Markets

Amazon’s new digital pharmacy is a trillion-dollar opportunity that the company needs to sustain current growth levels, a Wall Street senior analyst says

Tom Forte, a senior research analyst at D.A. Davidson, told Bloomberg on Tuesday that Amazon’s digital pharmacy could be a “trillion-dollar, global opportunity” for the e-commerce giant. He added that Amazon needs an opportunity like this to sustain its current levels of growth and multiples. Forte also said that Amazon’s […]
Amazon’s new digital pharmacy is a trillion-dollar opportunity that the company needs to sustain current growth levels, a Wall Street senior analyst says
Markets

Why mega-cap tech stocks could rally another 15% by year-end under a Biden-helmed split government, according to Wedbush

Technology stocks in the FAANG, cloud software, and cyber security themes could rally 10%-15% by year-end with a Biden presidency and Republican Senate, according to Wedbush. This regime is the “Goldilocks election outcome” for tech stocks as a Biden presidency will ease US-China technology-policy issues while the Republican Senate decreases […]
Why mega-cap tech stocks could rally another 15% by year-end under a Biden-helmed split government, according to Wedbush
Markets

‘Gearing up for a big 4Q with fulfillment and COVID investment’: Here’s what 4 Wall Street analysts had to say about Amazon’s 3rd-quarter earnings report

Amazon posted a strong third-quarter earnings beat on Thursday, but its stock suffered in Friday trades on a tepid fourth-quarter outlook. Amazon CEO Jeff Bezos said customers are shopping early for their holiday gifts, “which is just one of the signs that this is going to be an unprecedented holiday […]
‘Gearing up for a big 4Q with fulfillment and COVID investment’: Here’s what 4 Wall Street analysts had to say about Amazon’s 3rd-quarter earnings report
Markets

Amazon dips as tepid profit forecast overshadows 3rd quarter earnings blowout

Shares of Amazon dipped 2% during premarket trading on Friday after the e-commerce giant reported its profits are likely to fall below the Street’s estimates in the fourth quarter. The profit estimates overshadow Amazon’s blowout third-quarter earnings where sales growth skyrocketed 37% and revenue guidance beat expectations. Amazon said its […]
Amazon dips as tepid profit forecast overshadows 3rd quarter earnings blowout
Markets

Amazon wins over one of its last remaining Wall Street sceptics, which just slapped a ‘buy’ rating on the stock and expects it to surge 15% in the next year

Amazon shares were upgraded to “outperform” from “market perform” by Bernstein on Tuesday, adding to the list of analysts bullish toward the e-commerce giant. The coronavirus pandemic boosted growth in online retail, digital advertising, and cloud computing, and Amazon is a “primary beneficiary across all three revenue pools,” analyst Mark […]
Amazon wins over one of its last remaining Wall Street sceptics, which just slapped a ‘buy’ rating on the stock and expects it to surge 15% in the next year
Markets

Billionaire investor Stanley Druckenmiller slashed FANG stocks and loaded up on companies hit by the pandemic last quarter — here are his top 10 holdings

Stanley Druckenmilller, the billionaire investor and head of Duquesne Family Office, boosted the size of his portfolio by more than 30% in the second quarter. Druckenmiller slashed holdings of big technology stocks such as Facebook,Amazon,Netflix, and Google parent Alphabet (FANG) in the second quarter, SEC filings show. Here are Druckenmiller’s […]
Billionaire investor Stanley Druckenmiller slashed FANG stocks and loaded up on companies hit by the pandemic last quarter — here are his top 10 holdings