AMZN
Amazon.com, Inc.NASDAQ
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  • Wed, Jul. 27, 5:35 PM
  • Tue, Jul. 26, 10:23 AM
    • Amazon's (AMZN +0.1%) Prime service will initially cost 499 INR per year (approximately $7.50) and eventually go up to 999 INR (approximately $14.80).
    • Free and discounted delivery will be featured, with options varying depending on location.
    • Prime Video appears to be currently unavailable in the country, but is reported to be forthcoming.
    • This launch comes on Amazon's recent push to invest heavily in the South Asian country with a population of 1.25 billion.
    | Tue, Jul. 26, 10:23 AM | 10 Comments
  • Tue, Jul. 26, 2:44 AM
    • Amazon (NASDAQ:AMZN) has partnered with the British government to significantly expand drone testing, a move that could let the devices deliver packages to British homes far earlier than in the U.S.
    • The agreement allows Amazon to pilot its vehicles without a direct line of sight, trial its "sense and avoid" technology and permits operators to fly multiple drones at one time.
    | Tue, Jul. 26, 2:44 AM | 11 Comments
  • Mon, Jul. 25, 12:09 PM
    • Youssef Squali at Cantor Fitzgerald forecasts +26% Y/Y revenue growth attributed to improved margins and growing scale in Amazon's (AMZN -0.6%) e-commerce, third-party seller and AWS businesses.
    • The firm projects +25% growth in North American revenue and +19% internationally in addition to +57% in AWS revenue growth Y/Y.
    • Maintains Buy rating and $800 price target (current price of $742.01).
    • Wedbush Securities restates an Outperform rating and raises its price target to $835 up from $775 citing increased gross and operating margins in AWS, and Prime membership growth.
    • Last week, Goldman Sachs set a $900 price target on the company.
    • Amazon will report Q2 results on Thursday.
    | Mon, Jul. 25, 12:09 PM | 1 Comment
  • Sat, Jul. 23, 1:08 PM
    • 7-Eleven and drone delivery service upstart Flirtey announce that they have completed the first fully autonomous drone delivery to a customer's residence. The pair says the development will help advance research toward integrating drones into the National Airspace System.
    • The drone delivery in the Reno area, which marked the first time a U.S. customer has received a package to their home via drone, included Slurpee drinks, a chicken sandwich, donuts, hot coffee, and candy.
    • Looking ahead, the two companies have plans to expand drone delivery tests and work closely together, according to a top 7-Eleven exec.
    • Drone watch: While there's some speculation on the ways that companies such as Amazon (NASDAQ:AMZN), Wal-Mart (NYSE:WMT), Walgreens Boots Alliance (NASDAQ:WBA), and Domino's Pizza (NYSE:DPZ) could use drone delivery, many industry watchers think emergency conditions (flood/forest fire/earthquake/medical) or niche situations (oil rigs/barrier islands/inaccessible roads) are the most likely scenarios for widespread drone action. Earlier this year, an article in the MIT Technology Review speculated that an intermediary dropping off point out such as the local Starbucks (NASDAQ:SBUX) store could be utilized instead of working out all the problems of home delivery.
    • Related (directly and tangentially) stocks: AMBA, AVAV, DJI, OTCQX:DRNE, HON, INVN, IXYS, GPRO, TRMB, FDX, UPS, TGT.
    | Sat, Jul. 23, 1:08 PM | 113 Comments
  • Fri, Jul. 22, 3:27 AM
    • Stepping into the student loan marketplace, Amazon (NASDAQ:AMZN) has entered into a partnership with Wells Fargo (NYSE:WFC), in which the bank will offer interest rate discounts to select "Prime Students."
    • The offer, which will shave a half percentage point off WFC's student interest rates, will be accessible to Amazon shoppers who want loans to attend college and those who want to refinance existing loans.
    | Fri, Jul. 22, 3:27 AM | 23 Comments
  • Thu, Jul. 21, 2:21 PM
    • Goldman Sachs sets a 12-month $900 price target for Amazon (AMZN -0.1%) (current price: $745.45), retaining a Buy rating.
    • Analyst Heath Terry sees Q2 revenue of just $29.4B vs. consensus $29.5B when the company reports on July 28, but is looking past these results and weighing investments in Amazon Web Services, logistics and infrastructure more heavily in its forecast.
    • Forecasts 58% Y/Y revenue growth for AWS, and 28% and 17% revenue growth for North American and International e-commerce, respectively.
    | Thu, Jul. 21, 2:21 PM | 11 Comments
  • Fri, Jul. 15, 8:51 AM
    • There were steady gains across the bulk of categories that are counted for retail sales in June, with the notable exception of clothing and clothing accessories which declined 1% M/M.
    • Building materials and garden equipment sales increased 3.9% Y/Y and almost 8% Y/Y in a positive sign for Home Depot (NYSE:HD) and Lowe's (NYSE:LOW). The monthly surge was the largest in the category since 2010.
    • The closely-watched nonstore retailers category, which tracks sales by Amazon (NASDAQ:AMZN) and other e-commerce players, outperformed once again with a 14% Y/Y gain.
    • The category that includes restaurants showed a 5% gain on a year-over-year comparison, but was down 0.3% from last month's sales tally. The 5% pace is far above what most major chains are seeing with their comparable restaurant sales growth (~0.3% YTD) in another indication that small, independent operators are taking market share.
    • Previously: June retail sales strong, but May revised lower (July 15)
    • Related ETFs: IYK, IYC, SCC, UCC, UGE, SZK, BITE, IBUY
    | Fri, Jul. 15, 8:51 AM | 2 Comments
  • Thu, Jul. 14, 4:43 PM
    • HBO (TWX +0.9%) again racked up Emmy nominations, outpacing FX (FOX +0.7%, FOXA +0.7%) by 38 nods for the 68th annual Awards.
    • HBO took 94 nominations, and its lead series Game of Thrones logged 23 nominations. FX was paced by The People Vs. O.J. Simpson: American Crime Story, which drew 22 nominations.
    • Meanwhile, Netflix's 54 nominations (up 59% Y/Y) fell just short of FX's 56, and both those networks along with HBO out-nominated the major broadcast networks: NBC (CMCSA +0.3%), ABC (DIS +0.1%), CBS (CBS +0.7%) and Fox were Nos. 4-7 with 41, 35, 35 and 29 nominations respectively.
    • Amazon.com Prime Video (AMZN -0.2%) drew 16 nominations, up from 12 a year ago, but Hulu (DIS, CMCSA, FOX, FOXA) was shut out.
    | Thu, Jul. 14, 4:43 PM | 4 Comments
  • Thu, Jul. 14, 12:34 PM
    • Sunworks (SUNW +7.2%) is surging after saying it has been chosen to oversee solar energy projects for Amazon.com (NASDAQ:AMZN) fulfillment centers in Reno, Nev., and Windsor, Conn.
    • SUNW says it will provide engineering and technical support, documentation of progress for each project and on-site services and coordination between vendor activities with site facilities to minimize disruption of operations.
    • The contract will run an estimated 12 weeks from July through October of this year.
    | Thu, Jul. 14, 12:34 PM | 8 Comments
  • Thu, Jul. 14, 10:25 AM
    • Amazon (AMZN +0.5%) has announced it will give the go ahead for two more seasons of its critically-acclaimed comedy production Catastrophe.
    • Third season to premier exclusively on Amazon Prime Video in 2017 with a fourth season to follow in 2018.
    • Existing seasons are already available on the service.
    • Coming off its biggest day ever, Amazon continues to display its desire and ability to funnel Prime users into its various products, in this case Prime's premium on-demand entertainment service.
    | Thu, Jul. 14, 10:25 AM | 6 Comments
  • Wed, Jul. 13, 10:56 AM
    • Amazon (AMZN +0.6%announced yesterday's second annual Prime Day was its "biggest day ever".
    • Worldwide and U.S. orders surpassed last year's Prime Day by over 60% and 50%, respectively.
    • It was a record day for Amazon devices globally as well, notching highs in each of its device categories: Fire TV, Fire tablets, Kindle and Alexa.
    • Fire TV Stick was the top selling Amazon device with 2.5x more sold than Prime Day 2015.
    • 2M toys, 1M pairs of shoes, 90,000 televisions sold.
    • Amazon continues to push record highs and looks to build on its ever-expanding Prime membership base.
    | Wed, Jul. 13, 10:56 AM | 77 Comments
  • Wed, Jul. 13, 4:56 AM
    • Prime Day sales got off to a slow start on Tuesday, hampered by technical glitches, but a few hours later the issues involving Lightning Deals were resolved.
    • "Led by strong growth internationally, we are seeing more than 30% increase over last year in the number of items sold by small businesses and sellers on Prime Day," Amazon (NASDAQ:AMZN) said reflecting sales as of 3 p.m. ET. "We are expecting a record."
    | Wed, Jul. 13, 4:56 AM | 16 Comments
  • Tue, Jul. 12, 2:21 AM
    • Amazon (NASDAQ:AMZN) surged past Berkshire Hathaway (BRK.A, BRK.B) to a market cap of about $356B on Monday, becoming the fifth largest U.S. company (Berkshire's market value currently sits at $355B).
    • The news comes before Amazon's second annual Prime Day. Ahead of the big celebration, the company said it added 19M U.S. Prime members since last year's inaugural event, equating to growth of 43%, for a total 63M members.
    | Tue, Jul. 12, 2:21 AM | 48 Comments
  • Sat, Jul. 9, 11:03 AM
    • Amazon (NASDAQ:AMZN) is gearing up for this year's Prime Day with marketing efforts running at full throttle.
    • The event scheduled for July 12 will see Prime members get a crack on deals on over 100,000 items. The company is promising a more engaging assortment this year after taking some criticism a year ago.
    • Last year, Amazon pulled in about $375M to $400M in revenue on Prime Day. MKM Partners estimates that mark could be doubled this year.
    • Analysis from JPMorgan suggests that Amazon Prime Day pulls forward some retail sales during a typically quiet period. The shopping bonanza and boost to Prime stickiness could be a headwind for Target (NYSE:TGT), Wal-Mart (NYSE:WMT), and Best Buy (NYSE:BBY). This year's event will also serve as a critical test for the Seattle e-commerce giant on the fulfillment front.
    • Amazon carved out a new all-time high of $746.10 on Friday. Shares are now up 70% over the last year which has led to no shortage of analysis and debate from Seeking Alpha contributors on the AMZN trade.
    | Sat, Jul. 9, 11:03 AM | 79 Comments
  • Wed, Jul. 6, 1:58 PM
    • Amazon's (AMZN +0.9%) top executive in the U.K. tells Reuters that the company hasn't seen an impact on sales from the Brexit vote.
    • "Our sales are in line with expectations... It's business as usual as far as we are concerned," says a calm Doug Gurr.
    • A number of British retailers, especially on the high-end, have warned on an ongoing demand crunch.
    • Amazon plans to add another one thousand jobs in the U.K. this year.
    • Shares of Amazon are after actually up 2% since the Brexit development, while most major U.S. indexes are still in negative territory.
    | Wed, Jul. 6, 1:58 PM | 14 Comments