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  • Yesterday, 3:11 AM
    • From Costco's (NASDAQ:COSTQ3 earnings call:
    • Q: "As you do your own research on Amazon (NASDAQ:AMZN), which categories or what would you say like try out your best competitive advantages and what are your opportunities just to make sure you remain very competitive against Amazon and how are you feeling about millennials and generation Z?"
    • A: "Well, look in terms of scan-and-go honestly we did a version of scan-and-go literally 20 years ago. A customer I remember would walk in, get an RF gun, radio frequency device walk around scan their own items come up to the front hand that thing to the cashier and the scanner and they print out a receipt. Needless to say, there's a lot more efficient things today. We continue to look at scan-and-go type things, we are not testing it currently but we are looking at it. And I’m not suggesting we are going to do it. We have done self-checkout for a while. We've chosen to not do self checkout at higher volume units because we get people through without it."
    • Is Amazon Go a long-term risk to Costco?
    | Yesterday, 3:11 AM | 15 Comments
  • Yesterday, 2:59 AM
    • An article in WIRED explores the case for Amazon (NASDAQ:AMZN) being a monopoly:
    • "During his campaign for president, Donald Trump claimed Amazon was a monopoly he would go after for anti-trust violations if elected... Even just judging by the latest holiday sales numbers, Amazon so decisively dominates online shopping that other retail giants can barely compete. If Trump decided to make good on his promise, should Bezos be worried?
    • “As a legal matter in the U.S., being a monopolist requires high market share and the power to exclude others from the market. But Amazon’s business actually depends on including other sellers: its third-party marketplace, which allows others to sell stuff on its site, makes up a huge part of Amazon’s business."
    • Read the whole article here.
    | Yesterday, 2:59 AM | 28 Comments
  • Thu, Dec. 8, 2:28 PM
    | Thu, Dec. 8, 2:28 PM | 6 Comments
  • Thu, Dec. 8, 8:57 AM
    • Fully noting, "We have no plans to open 2,000 of anything. Not even close. We are still learning."
    • The Wall Street Journal, subsequent revealing of Amazon Go, had sourced Amazon (NASDAQ:AMZN) working on multiple grocery store formats with the possibility of more than 2,000 locations additionally under consideration.
    | Thu, Dec. 8, 8:57 AM | 36 Comments
  • Wed, Dec. 7, 5:31 PM
    • Though "just for fun," analyst Mark Mahaney factors in 20% average year-over-year growth in retail and 40% average annual growth in AWS, with respective margins for each at 10% and 40% over the next five years, eventually reaching an $82 EPS calculation. From there, estimating a 25x P/E multiple would have Amazon shares at $2,000, representing a $1T market capitalization. For perspective, in Amazon's most recently reported quarter, retail registered 25% growth over the year-term, AWS 55%. Mahaney further notes core business execution over the posited five-year term would need to remain rather strong for any chance such a prognosis could to come to life.
    • With this model excluding other contributing segments of Amazon's (NASDAQ:AMZN) business, and a search for new areas of revenue generation unrelenting, the $1T theory, though, doesn't seem so unthinkable.
    | Wed, Dec. 7, 5:31 PM | 76 Comments
  • Mon, Dec. 5, 5:10 PM
    • On today's Amazon Go development, The Wall Street Journal now reports the inaugural beta location in Seattle just one of at least three prospective grocery store formats Amazon (NASDAQ:AMZN) is considering.
    • These additional designs are claimed larger than the convenience-store style disclosed already, with Amazon said to be exploring potential for more than 2,000 total brick-and-mortar grocery spaces dependent on assessment of the trial locations.
    | Mon, Dec. 5, 5:10 PM | 48 Comments
  • Mon, Dec. 5, 2:31 PM
    • Analyst James Cakmak broadly considers an investment shift to come as Facebook (FB +1.6%), Amazon (AMZN +2.6%), Alphabet (GOOG, GOOGL) and Netflix (NFLX -1.5%) have each enjoyed strong two-year runs, and combining with the prospect of the extent of upside subsiding and disproportionate ownership across the names in relation to benchmarks, asserts the "winners of this year and last may become the primary source of funds next year."
    • Particularly indicates interest in Snap's (Private:CHATpotential 2017 IPO is high, with reports noting scarcity of secondary shares circulating, and believes such an event is where much of a technology repositioning would be directed.
    | Mon, Dec. 5, 2:31 PM | 23 Comments
  • Mon, Dec. 5, 1:38 PM
    • Analyst John Blackledge considers an $800B total addressable grocery market for Amazon to capitalize on, suggesting the segment could become the company's greatest source of revenue and GMV upside worldwide. Combined with the market size, spotlights the high frequency of purchases made monthly (estimates 4x-5x) within the grocery category.
    • Restates Amazon (AMZN +2.6%) at Outperform.
    • Amazon Go
    | Mon, Dec. 5, 1:38 PM | 34 Comments
  • Mon, Dec. 5, 10:28 AM
    | Mon, Dec. 5, 10:28 AM | 23 Comments
  • Mon, Dec. 5, 9:47 AM
    | Mon, Dec. 5, 9:47 AM | 56 Comments
  • Sun, Dec. 4, 7:44 PM
    • Sources say the recently-rumored Microsoft (NASDAQ:MSFT) HomeHub is a Windows 10 feature designed to make the PC the center of your home, bringing the smart home to Windows.
    • The feature will allow Cortana to be summoned on any Windows 10 PC lock screen.
    • It's expected to appear in Win 10 updates starting in 2017
    • According to Microsoft enthusiasts, the software-only feature could trump Amazon's (NASDAQ:AMZN) Echo and Google (NASDAQ:GOOG) Home due to the obvious convenience of screen access.
    | Sun, Dec. 4, 7:44 PM | 74 Comments
  • Fri, Dec. 2, 1:21 PM
    • With AWS re:Invent 2016 wrapping up as the week comes to a close (view a comprehensive synopsis of the event's developments here), Amazon (AMZN -0.5%) appears in no way easing concentration on its cloud business. Rather, it's ramping on it as competition and potential for the segment moves further into play.
    • In one slide presented by AWS CEO Andy Jassy, approximately 1,000 new capabilities are cited to be added to the unit's services every day, up from a 722 figure for the year prior.
    • Additionally, an area of development opportunity observed and acted on this week comprised artificial intelligence, through the launch of Amazon AI. With Microsoft (MSFT -0.1%) and Google (GOOG, GOOGL) already directing attention this way, Amazon not excluded, projecting further distance between Amazon and its closest cloud rivals isn't unreasonable given the offensive it's waging in the field.
    • N.B. Most recent (Q3) cloud revenues at Amazon come in at $3.231B (+55% Y/Y), for Microsoft, through the form of +116% growth (no declared figure) and at Google, as the greatest percentage of year-over-year growth across all segments (no declared figure).
    | Fri, Dec. 2, 1:21 PM | 45 Comments
  • Fri, Dec. 2, 11:29 AM
    | Fri, Dec. 2, 11:29 AM | 10 Comments
  • Thu, Dec. 1, 10:00 AM
    | Thu, Dec. 1, 10:00 AM | 10 Comments
  • Thu, Dec. 1, 8:49 AM
    • November monthly performance was: +3.54%
    • AUM of $5.18M
    • 52-week performance vs. the S&P 500 is: -3%
    • No dividends were paid in November
    • Top 10 Holdings as of 10/31/2016: Apple Inc (AAPL): 6.80131%, Microsoft Corp (MSFT): 5.15024%, Exxon Mobil Corp (XOM): 3.74079%, General Electric Co (GE): 2.88197%, Procter & Gamble Co (PG): 2.47992%, AT&T Inc (T): 2.43052%, Wells Fargo & Co (WFC): 2.30872%, Inc (AMZN): 2.24391%, Facebook Inc A (FB): 2.2067%, Alphabet Inc C (GOOG): 2.16615%
    | Thu, Dec. 1, 8:49 AM | 1 Comment
  • Wed, Nov. 30, 11:01 AM
    • Through discussions with Enel, Amazon (AMZN -0.8%) is reportedly looking at three to five sites in northern Italy, specifically plants in the Piedmont region and in the area of Piacenza, the latter a city which is in close proximity to the company's main Italian distribution center (1,000 employees).
    • Amazon's allegedly willing to expense up to €1B on the conversions.
    • The company has invested €450M in Italy since 2010 and maintains a total workforce of 1,700 there. A substantial storage and logistics facility to be built in Rome was announced in July.
    • Other European infrastructure initiatives of late involve planned data centers in France and London, as well as investments in Ireland and Germany. External of Europe, forthcoming AWS regions are set for Montreal and Ningxia.
    • As demand for virtual cloud services rises, so too do physical infrastructure requirements. Look for expenses to continue ramping at Amazon and other cloud contenders as the heightened demand has also consequently tightened competition across the space.
    • Related (October 31): Amazon, Alphabet, Microsoft combine for 12% year-term capital expenditure increase amid intensifying cloud race
    • Related (ongoing this week): AWS re:Invent 2016 Live Stream
    | Wed, Nov. 30, 11:01 AM | 18 Comments