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Amazon.com, Inc. (AMZN)

- NASDAQ
  • Oct. 17, 2011, 7:37 PM
    The double-dip recession concept has been oversold, notes Legg Mason's Robert Hagstrom. "The data just one month ago had H2 growth coming in between 1% and 1.5%, now we're seeing estimates upwards of 2.5%." Investors should be scooping up big-cap, high-quality growth stocks. Right now you can "buy the future for free," Hagstrom says, with stocks priced today as if they're expecting no earnings growth over the next 3-4 years. His picks: Amazon (AMZN) and eBay (EBAY). (video)
    | 14 Comments
  • Oct. 17, 2011, 11:47 AM
    Best Buy (BBY -1.3%) may exit the U.K. big-box market according to a published report in The Sunday Times. It's another stinger for the retailer still struggling to find its place as serving as more than just Amazon's (AMZN -1.3%) showroom.
    | 1 Comment
  • Oct. 17, 2011, 10:41 AM
    Tommy Thornton points out Apple (APPL) accounts for nearly 100 of the 135 point gain in the Nasdaq 100 this year, four times greater than the next best contributor (take a guess ... AMZN). It's truly Apple's world and the rest of tech just lives in it.
    | 2 Comments
  • Oct. 17, 2011, 9:32 AM
    "The only really necessary people in the publishing process now are the writer and reader," says Amazon (AMZN) exec Russell Grandineti. The company will publish 122 books this fall as it encourages writers to do away with their publishers the way it got readers to forget about bookstores.
    | 2 Comments
  • Oct. 17, 2011, 9:17 AM
    "The science of retail shopping has changed," says a consultant of the decline in impulse buys as Web-savvy consumers know what they need, and go the store and get it. Or not, as Kid Dynamite notes. Amazon (AMZN) has an app allowing you to scan a barcode in-store, see that you can (nearly always) get it cheaper online, and instantly place the order. Best Buy (BBY) -40% Y/Y.
    | 5 Comments
  • Oct. 14, 2011, 10:54 AM
    Wal-Mart's (WMT +0.1%) pricing on popular toys beats rivals, according to a Bloomberg report. For a group of 15 toys, the firm shows prices 9% lower than Target (TGT +0.7%) and 13% cheaper than Kmart (SHLD -0.1%), as well as consistently undercutting online-seller Amazon (AMZN +2.1%). Though it could help WMT to a bigger piece of the toy market-pie, the question remains how big a pie it will be with the NRF forecasting only a 2.8% jump in holiday sales.
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  • Oct. 14, 2011, 8:40 AM
    A number of Internet stocks are trading higher premarket following Google's (GOOG) Q3 report, which featured encouraging paid click data. AMZN +1.5%. BIDU +4%. OPEN +3%. EBAY +1.6%. NFLX +2%. Netflix could also be getting a lift from the cancellation of rival Hulu's sale.
    | 1 Comment
  • Oct. 14, 2011, 8:27 AM
    Research firm WitsView believes wholesale tablet shipments rose 35% M/M in September, thanks to new products from Amazon (AMZN), Barnes & Noble (BKS), HTC, and Asus. While early demand for Amazon's Kindle Fire is strong, it remains to be seen whether the other products will avoid the kind of inventory gluts seen for the PlayBook (RIMM) and TouchPad (HPQ).
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  • Oct. 13, 2011, 8:24 PM
    The sale is off, say the content-focused owners of video hub Hulu - including NWS, DIS and CMCSA - because of its "unique and compelling strategic value" to each of them. Most bids from the likes of AMZN, DISH and GOOG didn't exceed the $2B owners thought they could get in an IPO last year, and new efforts like the $7.99/month Hulu Plus have them thinking there's value ahead. (previously on Hulu)
    | 1 Comment
  • Oct. 13, 2011, 5:09 PM
    Goldman Sachs recommends its High Quality Stock Basket of 50 top stocks over the S&P 500. The 18 stocks that scored highest based on its screening methodology: ECL, CTSH, STJ, PEP, TJX, SO, CHRW, WAG, SPG, COH, GD, YUM, NOV, SYK, CL, UTX, CAM, AMZN.
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  • Oct. 13, 2011, 1:41 PM
    Amazon (AMZN +1.1%) tests a new delivery system designed to make accepting goods a lot easier with public robotic lockers now open (previous) in parts of Seattle and NY. The service allows customers to search for local stores with the designated lockers, then provides them with a six-digit code to gain entry to their loot. The big picture: Consumers and Amazon both win if the new system takes off - but will UPS take an earnings hit if delivering orders is simplified?
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  • Oct. 12, 2011, 4:50 PM
    Shocking news: The International Council of Shopping Centers (ICSC) announces its support of a Congressional bill enacting a federal sales tax on online purchases. "Not a partisan issue, but rather an issue of fairness," says the group's chief, David Henry.
    | 1 Comment
  • Oct. 12, 2011, 3:31 PM
    Barnes & Noble (BKS -1.4%) yanks off its bookshelves graphic novels from DC Comics for the simple reason the publisher entered an exclusive e-book deal with Amazon (AMZN +0.6%) to sell certain titles - a move that may become a sign of the times. As more companies ponder a business plan of signing exclusives with authors - the incentive to restrict the playing field becomes even greater. Next step: Who wins the exclusive right to publish Shakespeare?
    | 2 Comments
  • Oct. 12, 2011, 2:39 PM
    Google (GOOG) engineer Steve Yegge unintentionally posts a rant about Google+'s shortcomings for public viewing. Yegge blasts Google+ as "a knee-jerk reaction," and laments Google's failure to open up to developers. Yegge also has some unkind words for ex-employer Jeff Bezos, but praises his recognition of Amazon's (AMZN) need to open up. (previously)
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  • Oct. 11, 2011, 3:15 PM
    Much like Google Offers (GOOG - previously), Amazon's (AMZN) daily deals offering, known as AmazonLocal, is gaining momentum: Yipit believes AmazonLocal's sales grew 177% M/M in September, to reach $4M. However, this is still well below Groupon's (GRPN) $143.4M in September sales (+6%), and LivingSocial's $59.3M (+32%). (earlier)
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  • Oct. 11, 2011, 11:37 AM
    A subsidiary of Acacia Research (ACTG) is suing Amazon (AMZN), claiming the Kindle Fire infringes four of its patents. But Nomura's Richard Windsor believes the suit from Acacia, long considered a "patent troll" by its critics, is just proof the Fire is a big deal. Windsor expects the tablet to cause price and margin pressure for Samsung (SSNLF.PK) and Motorola (MMI).
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Company Description
Amazon.com Inc is an online retailer. The Company sells its products through the website which provides services, such as advertising services and co-branded credit card agreements. It also offerselectronic devices like Kindle e-readers and Fire tablets.
Sector: Technology
Country: United States