In the week ended May 12, 2017, US commercial crude oil inventories fell ~1.8 MMbbls (million barrels) and were at ~520.8 MMbbls.
The US oil rig count rose by eight and was at 720 for the week ended May 19, 2017.
On May 23, 2017, US crude oil (USL) (DBO (USO) (OIIL) July futures closed at $51.47 per barrel, 0.7% more than the previous day’s closing price.
Amazon (AMZN) is trading at a price-to-book value of 21.4x. The stock’s price-to-sales multiple is 3.3x, and its price-to-estimated sales multiple for the current year is 2.8x.
Of the 47 analysts covering Amazon (AMZN), 41 have given it “buy” recommendations, one has given it a “sell” recommendation, and five have given it “hold” recommendations.
Amazon’s EBITDA (earnings before interest, tax, depreciation, and amortization) margin last year was 9%, and that yielded an EBITDA of $12.9 billion.
On May 22, 2017, 2.6 million shares of Amazon (AMZN) exchanged hands, and the stock rose 1.1% to close at ~$970.7.
Amazon is struggling with high shipping costs, which have been on the rise in recent years. This rise explains why Amazon is investing billions of dollars in building its own delivery infrastructure.
Though estimates vary widely, the consensus is that the Indian e-commerce industry (QQQ) is in an upward trajectory.
WPP, the world’s largest advertising agency, recently acquired a consulting company specializing in helping brands to navigate Amazon (AMZN).
It turns out that the leader of Amazon Web Services (or AWS), the company’s cloud computing business, is the highest-paid Amazon employee.
Amazon (AMZN) doesn’t reveal much about its advertising business. It buries its advertising sales in its Other category.
In the recently concluded quarter, the $35.7 billion revenue Amazon (AMZN) reported came at a steep cost of $34.7 billion in the form of total operating expenses.
Amazon (AMZN) has cut the prices of its cloud computing services several dozen times, and it recently announced another round of AWS (Amazon Web Services) price cuts.
Though Americans spend hundreds of billions of dollars every year on apparel, the bulk of fashion purchases take place offline.
Amazon’s rivals are increasingly adopting its tactics to try to steal its share of the online retail market. In doing so, these rivals sometimes study Amazon’s business.
How many people have enrolled in the Prime membership program? The answer to this question has never come from Amazon (AMZN).
Amazon (AMZN) will spend ~$4.5 billion on video content this year in an escalating video war with Netflix (NFLX), according to analysts at JPMorgan Chase.
Amazon (AMZN) has a brand new Echo smart speaker called Echo Show. Including Echo Show, there are now five variants of Echo-branded products.
The competition between Amazon (AMZN) and Walmart (WMT) is rapidly escalating, and the stage is set for a major duel in the food market.