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

S&P 500 snaps 4-day losing streak as investors rush back to tech giants

US equities climbed Tuesday as a tech-led rebound ended the S&P 500’s four-day losing streak. Mega-cap companies including Apple,Facebook, and Amazon pushed indexes higher as investors turned back to the recently sold-off growth favourites. Still, new measures to curb the coronavirus’s spread in the UK revived fears of fresh lockdowns […]
S&P 500 snaps 4-day losing streak as investors rush back to tech giants
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

AMC spikes 56% on reports Amazon may be considering a takeover

AMC spiked as much as 56% Monday following a report from The Daily Mail that suggests Amazon is eyeing a takeover of the beleaguered movie theatre chain. Amazon’s video streaming ambitions have already left their mark on Hollywood, but the company’s original movies are still shut out of movie theatres […]
AMC spikes 56% on reports Amazon may be considering a takeover
Markets

Amazon sees $60 billion in market cap erased after quarterly profits shrink

Amazon reported first-quarter earnings Thursday that missed analyst expectations. Shares fell 5% in early trading, erasing $US60 billion in market value from the tech giant. While revenue jumped because of the coronavirus pandemic, costs rose as well. Watch Amazon trade live on Markets Insider. Read more on Business Insider. Amazon […]
Amazon sees $60 billion in market cap erased after quarterly profits shrink
Markets

Dow tumbles 350 points as major tech earnings land short of hopes

US stock indexes slid on Friday after quarterly reports from mega-cap tech players disappointed investors. Amazon’s first-quarter profit landed below Wall Street estimates, while Apple’s decision to withhold guidance for the first time in a decade dragged on trader sentiments. Oil extended its rebound to a third day, with WTI […]
Dow tumbles 350 points as major tech earnings land short of hopes
Markets

‘E-commerce on fire’: Here’s what 4 analysts expect from Amazon’s first-quarter results

Amazon will release its first-quarter earnings Thursday afternoon, revealing how the e-commerce giant has performed throughout the coronavirus shutdown. Analysts expect the company’s delivery business to soar as consumers shift to online shopping from quarantine. Other firms expect Amazon’s Web Services segment to beat expectations as online traffic spikes. Here’s […]
‘E-commerce on fire’: Here’s what 4 analysts expect from Amazon’s first-quarter results