Few growth stocks have been hit as hard in the market sell-off as Shopify (NYSE: SHOP). Shares of the e-commerce software leader have plunged 80% in just six months as a combination of shifting market sentiment, slowing growth in e-commerce, and declining valuations in the software-as-a-service sector have all shredded the stock...
Continue ReadingAmazon CEO Jeff Bezos has recently become more vocal on Twitter about political issues like President Biden's response to inflation, which has some wondering whether or not he'll consider a political run in the future...
Continue ReadingWe also take a look at how Twilio makes money and at one of the company's competitive advantages...
Continue ReadingAmazon.com Inc (NASDAQ: AMZN) tested a service using its sprawling network of gig drivers to fetch packages from mall-based retailers and deliver them to customers, Bloomberg reports. Amazon can entertain shoppers seeking same-day or quicker shipping with a local mall store products struggling to remain relevant as shoppers flocked online. The program will likely become a permanent part of Amazon’s delivery options, helping it expand the variety of goods for fast shipment. Building its own logis...
Continue ReadingAmazon’s stock slumped toward its longest weekly losing streak in 14 years, as Citigroup removes it from its “Focus List.”...
Continue ReadingShares of retailers Macy's (NYSE: M), Ulta Beauty (NASDAQ: ULTA), and Overstock.com (NASDAQ: OSTK) fell hard this week, down 18.4%, 15.5%, and 16.5% on the week, respectively, as of 1:38 p.m. ET today. None of these three stocks reported significant company-specific news this week, but bad earnings reports and outlooks from big-box retail bellwethers Walmart and Target decimated any and all retail names, these three included. This week, Walmart and Target both reported so-so revenue growth, but plummeting operating margins spooked investors...
Continue ReadingBiden could find common ground with the billionaire entrepreneurs. He seems to think they're more valuable to him as a foil...
Continue ReadingThe stock market has been merciless in response to disappointing Q1 results, with Walmart (WMT) and Target (TGT) the most recent victims. Here's how the earnings outlook is shaping up near the end of the Q1 earnings season.....
Continue ReadingShares of Jumia Technologies (NYSE: JMIA) popped 12.6% this week, according to S&P Global Market Intelligence. The African e-commerce, payments, and logistics company reported strong growth in the first quarter that likely impressed the investor community. Jumia operates as an Amazon clone in many African nations...
Continue ReadingSome analyst love boosted shares of the e-commerce kingpin on an otherwise dreary day on Wall Street...
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