The Amazon (AMZN) bull case has pivoted to a story of margin expansion from revenue growth after the company surprised analysts with better-than-expected profit margins during Q4. A number of firms are out with price target increases, citing margin expansion as a major factor. PT hikes: Barclays to $260 from $245; JPMorgan to $333 from $245; Baird to $325 from $300; BofA to $315 from $300; Credit Suisse to $334 from $301. AMZN +8.3% premarket to $281.62. [View news story]
Not the first time a bull run has been over-extended. The crash is coming sooner or later.
Google (GOOG) has definitely paid a price for its decision to stop censoring Chinese search results: iResearch estimates Google's share of China's search market has fallen from 29.5% in Q1 '10 to 18.3% in Q3 '11. Baidu's (BIDU) share is believed to have risen over this time from 67.8% to 77.7%. [View news story]
The Amazon (AMZN) bull case has pivoted to a story of margin expansion from revenue growth after the company surprised analysts with better-than-expected profit margins during Q4. A number of firms are out with price target increases, citing margin expansion as a major factor. PT hikes: Barclays to $260 from $245; JPMorgan to $333 from $245; Baird to $325 from $300; BofA to $315 from $300; Credit Suisse to $334 from $301. AMZN +8.3% premarket to $281.62. [View news story]
Google (GOOG) has definitely paid a price for its decision to stop censoring Chinese search results: iResearch estimates Google's share of China's search market has fallen from 29.5% in Q1 '10 to 18.3% in Q3 '11. Baidu's (BIDU) share is believed to have risen over this time from 67.8% to 77.7%. [View news story]