Tag AMZN

Alphabet (GOOG, GOOGL) will report quarterly results after the bell, kicking off Big Tech earnings with Microsoft (MSFT), Amazon (AMZN), Meta Platforms (META), and Apple (AAPL) coming later this week. Barclays head of US equity strategy Venu Krishna sits down with Seana Smith and Brad Smith on Morning Brief to discuss the setup going into Big Tech earnings as investors watch for signs of when artificial intelligence (AI) spending will pay off. “A lot rides on [Big Tech earnings], Krishna tells Yahoo Finance, saying, “If you think about Big Tech, which is a collection of six stocks, that's been the fulcrum for this market and holding it not just from earnings, from returns perspective as well.” The strategist says this earnings season is especially important for Big Tech players as “their earnings as a group is moderating from extremely high levels. So their comps are getting difficult… The earnings are moderating, but still are expected to settle in the 20s, which is extremely healthy.” The results come as the companies have invested billions into building AI infrastructure without a clear timeline for monetization. Krishna says the “biggest uncertainty, or at least caution, I have is what do you pay for those earnings when they're moderating and when they've entered a phase in which a significant amount of uncertainty around the timing of monetization of AI spend?” He notes “The historical experience in the last ten years when this Big Tech group has had a situation of high capital intensity in terms of spending and moderating earnings growth. Multiples have corrected reasonably strongly in those periods. That's the setup we have right now.” Krishna says, “We are quite optimistic, but I think a lot rides on Big Tech to at least create that base of stability, even as they are moderating so much of those profits.” He adds that companies like Alphabet “have tremendous horsepower in terms of their capability and the ability to execute on AI. Don't forget, when you talk about Google, they were at the forefront of the whole AI phenomenon well over a decade ago.” To watch more expert insights and analysis on the latest market action, check out more Morning Brief here. This post was written by Naomi Buchanan...

AMZN's third-quarter results are expected to reflect significant gains from AWS momentum, driven by growing generative AI capabilities...

Evercore ISI senior managing director and head of internet research Mark Mahaney joins Catalysts to break down his bull call on Amazon (AMZN). Mahaney has a $240 price target on the stock, and argues that it could go higher if growth in AWS (Amazon Web Services) continues to accelerate.  He explains that AWS is a "high-margin business" with a "large" total addressable market: "Two years ago, the narrative was they were losing share to Microsoft (MSFT). If that narrative changes — and it would change if they continue to show accelerating revenue growth — I think that takes the stock higher." Mahaney adds that the stock can also rise if retail sales growth of around 10% stays consistent and retail margins continue to increase. He notes that Amazon is investing in a new satellite communications initiative called Project Kuiper, which could rival that of Elon Musk's Starlink. "Investors are going to want to know what's happening to the core retail margin trends, ex. [example] Kuiper. If they can show those to be steadily, consistently, solidly rising, I think if you put those two or three elements together, the stock goes higher," Mahaney explains. "That's why it's one of our top picks." Amazon is currently scheduled to report thir quarter earnings on Thursday, October 31. To watch more expert insights and analysis on the latest market action, check out more Catalysts here. This post was written by Melanie Riehl...

Jeff Bezos says there is “no connection” between the Washington Post’s decision not to endorse a presidential candidate and his space company’s meeting with former President Donald Trump...

UBS raised the firm’s price target on Amazon.com (AMZN) to $223 from $220 and keeps a Buy rating on the shares ahead of the October 31 earnings report. The firm thinks the prospects for near-term margin headwinds due to content, Project Kuiper, and other investments are already priced in, the analyst tells investors in a research note. Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now > > See Insiders’ Hot Stocks on TipRanks > > Read More...

Amazon (AMZN) is set to report third-quarter earnings on Thursday, after slightly missing expectations in its last quarter...

Blue Duck Capital ("Blue Duck"), a long/short equity investment manager focused on thematic opportunities within Technology, Media, Telecom, Consumer, and Industrial sectors and long-term shareholder of Amazon (Nasdaq: AMZN)(the "Company") common stock, today issued an open letter to the Amazon Board of Directors voicing concerns about the lackluster performance of the Company's stock...

Investing.com -- Wells Fargo on Monday started research coverage of The Trade Desk (NASDAQ:TTD) stock with a Buy rating and a price target of $150 ahead of the company’s Q3 earnings report next month...

Amazon’s former vice president of artificial intelligence, Matt Wood, has landed at PricewaterhouseCoopers as its first commercial technology and innovation officer...