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When Jeff Bezos started Amazon.com Inc. as an online bookseller in 1994, he thought his company would probably fail. And he was upfront about it with Amazon’s investors — starting with his parents. As Bezos told an interviewer in 2000, three years after Amazon went public, “I thought there was a 30% chance that we might build a successful company. I never thought we’d build what Amazon has turned into, and I’m the most surprised on the planet.” He told his parents it was very likely they would l...
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We had a strong sell rating on Amazon as we expected the market to start focusing on earnings vs the promise of earnings. The stock is arguably oversold and is trading below COVID-19 lows...
Continue ReadingShares of Amazon.com Inc. shed 0.21% to $84.00 Friday, on what proved to be an all-around rough trading session for the stock market, with the S&P 500 Index.....
Continue ReadingThe cloud has emerged as one of the more transformational technologies of the current era. Alphabet, like Amazon and Microsoft before it, approached the cloud as a second act. All three tech giants pivoted to the cloud to either supplement or compensate for slowing growth in original business lines...
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Amazon stock was down about 1.4% Friday morning. With a price-to-earnings valuation of 4.8 times the S&P 500's, one would expect Amazon to be the market's hottest growth stock. Jeff Bezos founded Amazon in 1994, selling books from his garage, and transformed the e-commerce giant into one of the world's most prolific companies...
Continue ReadingAmazon (AMZN) is building a standalone application to show live sports content. The recent move is a step forward to strengthen its sports-streaming efforts...
Continue ReadingThe e-commerce site has turned an important corner, and a big part of that is its highly reliable customer base...
Continue ReadingAmazon is taking over the world. Here are some compelling reasons to drop Amazon Prime in 2023 and give your bank account a break. If you care that one billion trees are used every year to create packaging, consider buying less online from companies like Amazon...
Continue ReadingWith just a few days left in the year, Amazon (NASDAQ: AMZN) stock is on track for its worst performance in more than 20 years. The tech giant has faced a range of headwinds as the economy has soured, hitting pandemic winners like Amazon hard. Revenue growth has slowed sharply...
Continue ReadingNvidia (NASDAQ: NVDA) stock has gained some ground on the stock market of late, gaining more than 15% in the past three months and outpacing the S&P 500's gains of just 5%, in what may seem like a surprising rally given the terrible situation the company's gaming business is in right now. Let's see why this new chip platform could be a big deal for Nvidia when it hits the market in 2023...
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