Tag AMZN

Wedgewood partners posted their Focused SMID Cap Q3 2022 client letter recently. Click here for a discussion on the top performance detractors and contributors...

(Bloomberg) -- Coupang Inc., the South Korean e-commerce giant backed by SoftBank Group Corp., raised its earnings forecast for 2022 and narrowed its losses as higher monthly membership fees and improved operational efficiency helped boost profitability. Most Read from BloombergSam Bankman-Fried’s $16 Billion Fortune Is Eviscerated in DaysMeta to Cut 11,000 Jobs; Zuckerberg Says ‘I Got This Wrong’Hochul Wins NY Governor Race as GOP’s Zeldin Refuses to ConcedeBinance Backs Out of FTX Rescue, Citi...

Shares of Amazon (NASDAQ: AMZN) took another step down today, even though there was no company-specific news about the tech giant. Amazon stock finished the day down 4.3%, while the Nasdaq lost 2.5%. While Amazon doesn't have direct exposure to the layoffs at the Facebook parent or the collapse in the crypto market, it arguably has more exposure to consumer and business spending than any other company...

Amazon said its operations in Vietnam are defying a global downturn hitting Big Tech, thanks in part to an influx of Chinese businesses moving into the south-east Asian nation. Gijae Seong, head of Amazon Global Selling in Vietnam, said the local division has grown more strongly this year than in 2021, even as the company last month reported a $2.5bn third-quarter operating loss for its international segment. While he declined to disclose country-specific revenue, Seong said the number of local exporters using Amazon in Vietnam spiked 80 per cent in the 12 months to August...

(Bloomberg) -- Amazon.com Inc. is the world’s first public company to lose a trillion dollars in market value as a combination of rising inflation, tightening monetary policies and disappointing earnings updates triggered a historic selloff in the stock this year. Most Read from BloombergSam Bankman-Fried’s $16 Billion Fortune Is Eviscerated in DaysMeta to Cut 11,000 Jobs; Zuckerberg Says ‘I Got This Wrong’Hochul Wins NY Governor Race as GOP’s Zeldin Refuses to ConcedeBinance Backs Out of FTX Re...

In this article, we discuss the top 10 growth stock picks of Warren Buffett. If you want to see more stocks in this selection, check out Growth Stock Portfolio: 5 Stock Picks By Warren Buffett. Investors for the past few months have been piling into companies with resilient growth prospects over cheaper value stocks. This […]...

Amazon has had a tough few weeks, with the stock dropping from 120 to 90 following a disappointing earnings announcement. When Amazon stock, representing a quality company, has a big drop like this, I like to use a strategy called a diagonal put spread. Note that this option strategy is an advanced strategy...