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Based on the average brokerage recommendation (ABR), Amazon (AMZN) should be added to one's portfolio. Wall Street analysts' overly optimistic recommendations cast doubt on the effectiveness of this highly sought-after metric. So, is the stock worth buying?...
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Zoom Video Communications (NASDAQ: ZM) posted its latest earnings report on Nov. 20. For the third quarter of fiscal 2024, which ended on Oct. 31, the video conferencing company's revenue rose 3% year over year to $1.14 billion and exceeded analysts' expectations by $20 million. Zoom's stock barely budged after the report, and it remains nearly 90% below its all-time high...
Continue ReadingGerman carmaker’s 11% increase follows moves by Nissan, Hyundai, Honda and Toyota to lift workers’ wages...
Continue ReadingTo be clear, Amazon still commands nearly 38% of the total e-commerce market, an almost unchallengeable lead. Investors must keep in mind that the rise and acceleration of e-commerce activities for almost any retailer with a digital storefront eats away at Amazon's dominance...
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What’s good for Tesla car buyers might not be good for Tesla shareholders. Investors will have to digest another pricing action from the electric vehicle leader on Wednesday before the Thanksgiving holiday. Tesla’s U.S. website now shows discounts of almost $3,000 for some Model Y electric vehicles in its inventory...
Continue ReadingNEW YORK (Reuters) -Upstart online retailers Temu.com and Shein are drawing millions of window-shoppers to their websites this holiday season, but they far lag market leader Amazon.com where it counts - turning those visits into actual sales. Nine out of ten visitors to their websites were window shoppers, not buyers, according to Similarweb, a website data tracking firm. Singapore-based Shein this year added kitchen mixers at $100, $10 bathroom holiday decorations and $6 headphones alongside clothing such as $13 dresses and $16 jeans...
Continue ReadingMusk relies on several executives, like Steve Davis and Gwynne Shotwell, to help run his companies...
Continue ReadingA challenged macroeconomy has had multiple ripple effects for Tesla, not the least of which is the labor issue in Sweden. Read more to see our analysis on TSLA...
Continue ReadingThe software giant, which sports a $2.8 trillion market capitalization, has gained 60% so far in 2023, compared to a 17% boost for the S&P 500 and a 35% spike in the tech-heavy Nasdaq Composite Index. CEO Satya Nadella has mentioned the emerging tech in each of the last few earnings updates, giving it top billing as a growth avenue over the next few years. The good news is that investors aren't simply relying on hype around AI to support the bullish-growth thesis...
Continue ReadingAmbitions for the Michigan plant, the first Ford site to make low cost LFP battery cells, have been downsized to balance growth with profitability...
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