24 Apr

Does Amazon Stock Have Room to Rise Further?

WRITTEN BY Sanmit Amin

Amazon stock is at a six-month high

Amazon (AMZN) stock has been slowly inching up this year, and it’s currently at a six-month high. The stock is trading at $1,887.3, its highest point since October 4, 2018. The stock has returned a solid 27.7% year-to-date.

The e-commerce giant now has a market cap of nearly $929 billion. It’s the third-largest public company in the world behind Apple and Microsoft, which have market caps of $964.4 billion and $949.5 billion, respectively.

Does Amazon Stock Have Room to Rise Further?

Ready to put your morning scrolling to use? Sign up for Bagels & Stox, our witty take on the top market and investment news straight to your inbox! Whether you’re a serious investor or just want to be informed, Bagels & Stox will be your favorite email.

We think Amazon is the stock to watch among its FAANG peers, which are seeing slowing growth. The company’s cloud business continues to grow quickly and accounts for a good chunk of its total operating profits. Amazon’s net profits have surged lately, mostly on the back of its lucrative cloud and digital ad businesses.

Amazon has a number of booming businesses

While business is still booming for Netflix, it’s solely reliant on its video streaming business. Amazon owns a variety of other businesses, which are growing quickly, to supplement its core business.

Amazon is scheduled to report its results for the first quarter of 2019 after the closing bell on April 25. While its revenue growth is expected to slow to 17% YoY, its bottom line is expected to expand.

Amazon Web Services’ revenue as a percentage of Amazon’s total revenue has been growing. In 2018, it accounted for over 10.8% of Amazon’s overall revenue. Given how profitable the business is, it has single-handedly lifted the company’s profits, and we expect its bottom line to keep expanding.

Latest articles

German chip maker Infineon Technologies has reportedly raised 1.55 billion euros (~$1.74 billion) in capital by selling its shares to fund its acquisition of Cypress Semiconductor (CY). Infineon has sold ~113 million new shares at 13.70 euros each.

As of June 18, Dunkin’ Brands (DNKN) was trading at $80.07, an 8.9% rise since reporting its first-quarter earnings on May 2. Also, DNKN was trading at a premium of 29.8% from its 52-week low of $61.69 and a discount of 1.6% from its 52-week high of $81.40.

19 Jun

Are Lower Oil Prices Weighing on ExxonMobil Stock?

WRITTEN BY Maitali Ramkumar

ExxonMobil (XOM) stock has fallen 7.1% in the second quarter so far. Let's review ExxonMobil's stock performance in comparison to oil price changes and equity market movements in the quarter.

19 Jun

As Facebook Unveils Libra, MSFT and CRM Join a Blockchain Group

WRITTEN BY Mayur Sontakke, CFA, FRM

On June 18, Facebook (FB) launched Libra, its own cryptocurrency. On the same day, CoinDesk published another piece of blockchain news that didn’t receive as much fanfare as Facebook’s Libra news. Was the timing a coincidence? We think not.

Uber Technologies (UBER) has picked Melbourne as another test site for its flying taxi service known as UberAir. The Australian city is the first international test site Uber has chosen for its flying taxi service. The addition of Melbourne brings the number of test locations Uber has picked for its UberAir service to three.

Lyft (LYFT) and Uber Technologies (UBER) are pushing back against California legislation that would require them to recognize their drivers as employees rather than independent contractors. The legislation would require companies like Lyft to give their drivers the compensation and benefits spelled out under California’s employment regulations.

172.31.38.64