If the market takes an upward swing, one thing that's likely to happen in 2023 is that Amazon (NASDAQ: AMZN) will become a trillion-dollar company again. It has been there before, with its market cap reaching a high of nearly $1.9 trillion a year ago, back in the heyday of 2021. Its stock is now down 48% since that time, with a market cap of $950 billion...
Continue ReadingWalmart recently had a good earnings report for its fiscal 3rd quarter ended October â22, where revenue grew 8.75%, operating income grew 4% and EPS grew 3.5% year-over-year (YoY)...
Continue ReadingSome workers at Amazon sites in Germany and France downed tools on Black Friday, as part of a move across the world to target the online retailer on one of the busiest shopping days of the year with calls for better pay...
Continue ReadingAmazon Inc will shut down a food-delivery business it was testing in India, the e-commerce giant said on Friday, a day after it announced the winding down of its online learning platform for high-school students in the country...
Continue ReadingAmazon Inc will shut its food-delivery business in India from Dec. 29, the Economic Times reported on Friday, citing a communication by the company to its restaurant partners...
Continue ReadingHits to its e-commerce business and slowing growth in Amazon Web Services make this stock a risky buy...
Continue ReadingIn a year when major indexes and blue-chip stocks have seen their value slashed by double digits, Walmart (NYSE: WMT) has been one of the few non-energy stocks in the green for the year. What makes Walmart a great buy for 2023 is its commitment to providing low prices. What separates Walmart from competitors like Target (NYSE: TGT) and Amazon (NASDAQ: AMZN) is the role that grocery sales play in its business...
Continue ReadingEvery investor makes mistakes, even the great ones like Warren Buffett. Of those, one of the biggest was not buying Amazon (NASDAQ: AMZN) earlier. Buffett has acknowledged this mistake in the past, saying at Berkshire's 2018 shareholder meeting that he made the wrong decision not buying Amazon (or Alphabet)...
Continue ReadingThis year, we're also grappling with record-high inflation, which has even come for your fancy holiday coffee. Just try to avoid going into credit card debt, especially as interest rates rise. What you don't want is to pick out the perfect gifts -- only to have someone steal your packages...
Continue ReadingInstead, some of its peers abroad continue to grow rapidly, a factor that might lead investors to consider Shopify (NYSE: SHOP), MercadoLibre (NASDAQ: MELI), or Sea Limited (NYSE: SE) as the new top e-commerce stocks. Also, due to efforts to keep the cost of net revenue down, its $317 million in net income during the period surged 146% year over year...
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