Today, 4:03 PM
- Results – revenue $32.7B (+28.9% Y/Y, in line with estimates), EPS $0.52 ($0.26 below estimates), operating cash flow for trailing twelve months $14.6B (+49% Y/Y), free cash flow for trailing twelve months $8.6B (vs. $5.4B Y/Y), net sales $32.7B (+29% Y/Y), operating income $575M (vs. $406M Y/Y), net income $252M (vs. $79M Y/Y)
- Segment revenues – North America $18.874B (+26% Y/Y), International $10.609B (+28% Y/Y), AWS $3.231B (+55% Y/Y), Consolidated $32.714B (+29% Y/Y)
- Q4 projections – Net sales of $42B-$45.5B (17%-27% Y/Y growth), operating income between $0-$1.25B (vs. $1.1B Y/Y).
- Amazon (NASDAQ:AMZN) founder and CEO Jeff Bezos: "Alexa may be Amazon’s most loved invention yet — literally — with over 250,000 marriage proposals from customers and counting. And she’s just getting better. Because Alexa’s brain is in the cloud, we can easily and continuously add to her capabilities and make her more useful — wait until you see some of the surprises the team is working on now."
- Conference call
- Press Release
Today, 2:41 PM
- Amazon (NASDAQ:AMZN) sees an opportunity in the U.S. to open up as many as 2K Amazon Fresh grocery stores in the next ten years, according to Business Insider.
- A 20-store pilot program is expected to be up and running by the end of 2018, with a mix of traditional-style grocery stores and online pickup locations.
- Internal documents reviewed by BI indicate that Amazon is still deciding if the stores will be tied to Amazon Prime memberships.
- Amazon's determination with a large-scale store roll-out could have significance for grocery stores and other retail chains (WMK, SVU, WFM, IMKTA, CASY, KR, SFS, WBA, CASY, WMT, TGT, RAD) as they consider their own future models.
- Retail ETFs: XLY, XRT, VCR, RTH, RETL, FXD, IYC, FDIS, SCC, RCD, UCC, PMR, CNDF, FTXD, JHMC.
Today, 9:47 AM
- There's some mind-blowing numbers out on e-commerce as part of the 2016 Adobe holiday season forecast.
- E-commerce sales are expected to increase 11% this year to $91.6B. Though the pace is slower than what was seen in some recent years, it still triples the overall growth rate in retail.
- Cyber Monday is set to be the largest online shopping day of all time, with $3.36B in sales anticipated.
- Large retailers are seen outpacing smaller retailers by a wide margin, 17% growth vs. 7% growth. That means more market share for Amazon (NASDAQ:AMZN), Wal-Mart (NYSE:WMT), Target (NYSE:TGT), Best (NYSE:BBY) and Staples (NASDAQ:SPLS) in comparison to chains which already have a harder time leveraging their shipping costs.
- Adobe says hot gifts this year will include virtual reality devices, Pokemon, Barbie, Lego, Hot Wheels and Frozen toys.
- A stretching out of the holiday season from early October until past Christmas could help FedEx (NYSE:FDX) and UPS (NYSE:UPS) manage the logistics more efficiently.
- Related stocks: SNE, HAS, MAT, NILE, EBAY, DIS.
- Related ETFs: IBUY, XRT.
- Full Adobe report
Yesterday, 5:35 PM
- ACTG, AFL, AIV, AJG, ALDR, ALEX, ALJ, AMCC, AMGN, AMZN, ARAY, ARII, ASGN, ATEN, ATR, ATRC, AUY, AZPN, BGS, BIDU, BMRN, BOFI, BOOM, BSAC, BVN, CA, CATM, CBI, CBL, CEMP, CENX, CHDN, CLD, CLMS, CNMD, COLM, COWN, CPT, CRUS, CUBE, CXP, CY, DECK, DGII, DLR, ECOL, EGO, EHTH, ELLI, EMN, ESS, EXPE, FET, FII, FIX, FLEX, FLS, FORM, FPO, FR, FTNT, FTV, GIMO, GOOG, HBI, HIG, HLS, HTH, IART, IM, INT, INVA, IPHS, ISBC, ITGR, KAMN, KIM, KONA, KRG, LEG, LNKD, LOGM, MAA, MAC, MCK, MLNX, MOBL, MOH, MSA, MSTR, NANO, NATI, NGD, NR, NSIT, NSR, OFC, OII, OIS, OMCL, OSIS, PDFS, PEB, PFG, PKD, POWI, PSMT, PXLW, RGC, RSG, SGEN, SHOR, SIMO, SKYW, SMCI, SNMX, SPNC, SPSC, SRCL, SSD, SSNC, STRZA, SYK, SYNA, TDOC, TEAM, TFSL, TGB, TLGT, TMST, VCRA, VDSI, VR, VRSN, WRE, WRI, WSFS, YRCW
Mon, Oct. 24, 10:12 AM
- From $920 prior (current price $831.30). Buy rating retained.
- Analyst Heath Terry projects Q3 revenue (reporting Thursday) at $33B, particularly spotlighting AWS to be a significant factor for the quarter. Further expects Amazon (AMZN +1.7%) to guide a $43B-$46B range for Q4 revenue.
- $1,000+ Amazon targets – Credit Suisse, Cantor Fitzgerald, J.P. Morgan, RBC Capital Markets, Evercore ISI
Fri, Oct. 21, 1:21 PM
- A coordinated Internet attack has taken a wide variety of sites offline for millions of users today.
- The incident, a distributed denial-of-service attack on traffic company Dyn, came against the domain name system infrastructure that helps connect users to sites, and it's coming in waves: After earlier outages, Dyn has warned that it's under assault again.
- The earlier attack took a number of sites off line for hours, including Amazon (AMZN +1%), Twitter (TWTR -0.3%), Etsy (ETSY -0.8%) and Spotify (Private:MUSIC) as well as many more.
- The Department of Homeland Security says it's "looking into" the attack.
Wed, Oct. 19, 3:55 PM
- Notable primarily for the hold-out by Brooks, the best-selling solo artist in U.S. history, to offer anything from his catalog on other services (iTunes, Spotify, Apple Music, Tidal etc.).
- Brooks: "It is a joy to work with a company that is all about the customer when it comes to service, and all about the music and its creators when it comes to the music. I applaud Amazon on their commitment to quality and thank them for this opportunity.”
- Amazon: "This is a landmark moment for both Amazon Music and Garth Brooks. Garth Brooks is a legendary country music superstar who continues to shatter industry records and amaze fans three decades into his career. We are honored to make his music available for streaming for the first time ever, exclusively on Amazon Music.”
- Music by the artist is available to stream or purchase as of today.
- Amazon Music Unlimited (AMZN) is additionally noted to be the official sponsor of Brooks' world tour commencing in 2017.
- Whether this is a sign of other deals to come or not remains to be seen. However, securing a big-name artist historically averse to digital music services is a positive start within a streaming climate where exclusive deals have the potential to sway consumers between one offering or another.
- Previously (October 12): Amazon introduces Amazon Music Unlimited streaming service
Wed, Oct. 19, 1:17 PM
- Barron's has introduced a tracking index of stocks favored by younger consumers.
- Though the combined performance on the group of 50 stocks smashed the returns of the S&P 500 over the last five years, this year it lags slightly so far.
- As expected, the price-earnings ratio of the Barron's Next 50 Index skews higher due to the focus on longer-term millennial growth.
- Some of the companies making the initial list are Amazon (NASDAQ:AMZN), Barnes & Noble Education (NYSE:BNED), Boston Beer (NYSE:SAM), Chipotle (NYSE:CMG), Etsy (NASDAQ:ETSY), GameStop (NYSE:GME), GoPro (NASDAQ:GPRO), GrubHub (NYSE:GRUB), Kate Spade (NYSE:KATE), Live Nation (NASDAQ:LIVE), Lululemon (NASDAQ:LULU), MasterCard (NYSE:MA), Match Group (NASDAQ:MTCH), Monster Beverage (NASDAQ:MNST), Shake Shack (NYSE:SHAK), Square (NYSE:SQ), and Yelp (NYSE:YELP).
- A millennial-focused ETF launched last spring, the Global X Millennial Thematic ETF (NASDAQ:MILN), has outperformed the S&P 500 Index over its brief history.
Mon, Oct. 17, 5:24 PM
- Together with the existing Northern Virginia region, the Ohio region will service the eastern and central United States.
- Amazon's AWS division now counts 14 regions and 38 availability zones around the world, with regions in the UK, France and Canada additionally forthcoming. In the U.S., 16 availability zones across 5 regions are now live.
- With Amazon (NASDAQ:AMZN) thoroughly focused on AWS, expect even further infrastructure developments beyond those mentioned above as demand for cloud-computing services continues to escalate.
- Blog post
Mon, Oct. 17, 9:43 AM
Sat, Oct. 15, 11:43 AM
- E-commerce sales during the holiday season are forecast to increase 17.2% this year to $94.71B, which represents a record 10.2% of all retail sales for the period.
- The +17% growth also represents the fastest pace for holiday e-commerce sales since 2011.
- Impressively, Amazon is expected to grow its holiday e-commerce market share above the 25% it took down last year.
- Outside of Amazon, investors can bet on online retail broadly through the Amplify Online Retail ETF (NASDAQ:IBUY). IBUY aims to match the price and yield performance of the EQM Online Retail Index.
- The IBUY is up 8% since launching in April, compared to a 5% drop for the S&P Retail ETF (NYSEARCA:XRT).
- The top ten holdings of the Amplify Online Retail ETF are Etsy (NASDAQ:ETSY), Grubhub (NYSE:GRUB), Blue Nile (NASDAQ:NILE), eBAY (NASDAQ:EBAY), RetailMeNot (NASDAQ:SALE), Copart (NASDAQ:CPRT), 1-800-Flowers.com (NASDAQ:FLWS), Amazon (NASDAQ:AMZN), Stamps.com (NASDAQ:STMP), and NutriSystem (NASDAQ:NTRI).
- This year's e-commerce boom will also be a net positive for shippers FedEx (NYSE:FDX) and UPS (NYSE:UPS), despite the increasing logistical challenges amid a higher mix of large packages. There's also Wal-Mart (NYSE:WMT) to consider after the company made a dramatic commitment to invest more in e-commerce during an investor meeting a few weeks ago.
- Previously: Winners and losers from the retail sales report (Oct. 14)
Fri, Oct. 14, 9:05 AM
- Retail sales increased 2.7% Y/Y and 0.6% M/M in September on broad gains across categories. The sales totals for August were also nudged slightly higher.
- Sales from nonstore retailers like Amazon (NASDAQ:AMZN) were up 10.6% Y/Y to once again account for a higher percentage of overall sales.
- The building material & garden equipment category showed a 1.4% M/M and 5.6% Y/Y gain which bodes well for Home Depot (NYSE:HD) and Lowe's (NYSE:LOW).
- Department stores (DDS, SHLD, JCP, M, JWN) lagged again as sales fell 0.7% M/M and 6.4% Y/Y, while furniture and home furnishing stores (HVT, WSM, KIRK, RH, BBBY) outpaced the broad averages in the sector.
- Restaurant sales (NASDAQ:BITE) showed a nice jump from August, although the breakdown between large publicly-traded chains and independent restaurants isn't broken down.
- The early take from retail analysts is that the overall tone from the report is ever-so-slightly positive for Wal-Mart (NYSE:WMT) and Target (NYSE:TGT).
- Previously: Retail sales track higher as expected (Oct. 14)
Thu, Oct. 13, 3:51 PM
- The pairing was expected.
- Though a press conference is scheduled this afternoon to formally disclose the arrangement, TechCrunch notes VMware posted the announcement slightly early on its company blog.
- A cloud service running on AWS (AMZN -0.6%) and revolving around VMware's (VMW -0.2%) vSphere platform titled "VMware Cloud on AWS" to be offered.
- Will be operated, managed and sold by VMware as an on-demand, elastically scalable solution.
- Full availability slated for mid-2017, with betas to begin earlier in the year.
- Further details
- Update (5:12PM ET): Official press release
Thu, Oct. 13, 6:36 AM
- Amazon (NASDAQ:AMZN) is hiring more than 120K seasonal employees across its fulfillment centers, sortation centers and customer service sites in the United States for the upcoming holiday season.
- More than 14,000 seasonal positions were transitioned to regular, full-time roles after the holidays last year, and Amazon expects to increase that number this year.
Wed, Oct. 12, 10:34 AM
- From $835 (current price $834.95) previously, joining a growing list of analysts in the $1,000+ range (J.P. Morgan, RBC Capital Markets, Evercore ISI) and those just below (Morgan Stanley, Guggenheim Securities).
- Cantor Fitzgerald's Youssef Squali highlights Amazon's (AMZN +0.5%) core retail and AWS businesses in the call noting, "We expect AWS’s strong economics to continue to fund growth initiatives at Amazon, widening its competitive moat in retail."
- Buy rating maintained.
- Earlier: Amazon introduces Amazon Music Unlimited streaming service
Wed, Oct. 12, 9:11 AM
- Launching today, with three pricing plans – an individual plan with $7.99/month, $79/year for Prime member and $9.99 for non-Prime member options, an Echo-only plan for $3.99/month and a soon-to-come family plan priced at $14.99/month or $149/year.
- Amazon (NASDAQ:AMZN) founder and CEO Jeff Bezos: "Amazon Music Unlimited brings real value to the millions of people who are already Prime members, with a choice of subscribing for only $7.99 a month or even $79 per year. Plus, customers are going to love Amazon Music’s all-new app for iOS, Android and desktop. And if you want a sense of the future of voice-controlled music, go ahead and ask Alexa for a free Music Unlimited trial, and play around on your Echo. If you don’t know the name of a song but know a few lyrics, if you want to hear songs from a specific decade, or even if you’re looking for music to match your mood, just ask.”
- Amazon's existing Prime Music service counted around 2M songs and 1K curated playlists and personalized stations. Amazon Music Unlimited, however, enables access to tens of millions of songs along with thousands of curated playlists and personalized stations, bringing Amazon's music foray closer in line to Apple Music (NASDAQ:AAPL), Spotify (Private:MUSIC), Google Play Music (GOOG, GOOGL) and others.
- Amazon Music Unlimited