Amazon (AMZN) / Jeff Bezos

[winston]

Amazon could easily jack up the price of Prime, analyst explains

by Brian Sozzi

"All of the Prime video original content. They are adding NFL exclusive breaks for Thursday night football. They just won MGM. That's just on Prime video. They doubled their fulfillment network and delivery speeds, and are getting faster. So they have added so much in the last four years."

Amazon raised the monthly price for Prime earlier this year to $14.99 from $12.99. The yearly membership fee jumped to $139 from $119.

$6 billion hit from supply chain inefficiencies and general inflation.

Amazon's sale increase of 7% in the quarter, compared to a 44% rise in the same period last year, marking the company's slowest growth rate in more than two decades.

Potential $4 billion hit to profits in the second quarter from the same factors.

Source: Yahoo Finance

https://finance.yahoo.com/news/amazon-p ... 08863.html

[winston]

vested

Amazon results and outlook fall short as warehouse, fuel costs soar

by Jeffrey Dastin & Tiyashi Datta

The company's expenses swelled as it offered higher pay to attract workers.

A fulfilment center in New York City voted to create Amazon's first US union, a result the retailer is contesting.

And the higher price of fuel risks diminishing consumers' disposable income just as it is making delivery more expensive for Amazon,

Hiking the price of its fast-shipping club Prime last quarter may not be enough to prop up its profit.

The company expects to lose as much as US$1 billion in operating income this quarter, or make as much as US$3 billion. That's down from an operating profit of US$7.7 billion in the same period last year.

AWS increased revenue 37% to US$18.4 billion.

In North America, the company's largest market, sales rose 8% while operating expenses soared 16% to US$71 billion.

Planned to close all 68 of its bookstores, pop-ups and other home goods shops.

Focusing more on groceries. It recently automated two Whole Foods locations to make them cashierless. The company's physical store sales grew 17% to US$4.6 billion.

Source: Reuters

https://www.theedgemarkets.com/article/ ... costs-soar

[winston]

vested

Amazon.com, Inc. (AMZN): Earnings Announced on Thursday, April 28

The company reported adjusted earnings of $7.56 per share, well below analysts’ estimates for earnings of $8.73 per share.

Revenue rose 7% year-over-year to $116.44 billion, slightly above analysts’ projections for revenue of $116.3 billion.

This compares to earnings of $15.79 per share on revenue of $108.52 billion in the same quarter of last year.

The 7% revenue growth marked the company’s slowest rate of any quarter since the dot-com bubble burst in 2001. For reference, last quarter’s sales growth rate was 44%. The net loss of $3.84 billion is the company’s first loss since 2015.

The company also noted a $7.6 billion loss from its investment in electric vehicle (EV) automaker Rivian for the poor results.

The stock plunged as much as 15% on Friday in the wake of its disappointing results.

Source: Investor Place

[winston]

vested

Amazon Web Services Is Worth $1 Trillion

by Douglas A. McIntyre

The North American e-commerce operation posted an increase in revenue of only 8% to $69.4 billion. It reported an operating loss of $1.6 billion.

International e-commerce had revenue of $28.8 billion, a drop of 6%, and the unit had an operating loss of $1.3 billion.

AWS: Its revenue rose 37% to $18.4 billion. Operate profit reached $6.5 billion, up 57%.

Amazon had 33% of the global cloud infrastructure sector in the fourth quarter of last year. Microsoft ranked second at 21%. The industry’s growth rate last year was 37% and shows no sign of slowing.

At Amazon’s market cap, AWS is three-quarters of the total.

Source: 24/7 Wall Street

https://247wallst.com/technology-3/2022 ... -trillion/

[winston]

vested

Amazon announced the latest version of its Fire 7 tablet on Wednesday.

At $59.99, the tablet is slightly more expensive than its predecessor, but the company is promising longer battery life.

Amazon’s Fire tablets have served as a cheaper alternative to Apple’s iPad, but it isn’t a huge business segment for Amazon the way hardware is for Apple.

Instead, Amazon’s hardware products serve as a gateway into Amazon’s ecosystem of services, such as the Alexa voice assistant and music, books and apps.

The last version of the Fire 7 didn’t have great battery life, and the screen and camera weren’t very sharp.

Amazon said the new model has a 40% longer battery life, for up to 10 hours of browsing but that it didn’t make any changes to the display or camera.

Source: Phillips

[behappyalways]

Amazon Seeks To Offload Up To 10 Million Square Feet Of Warehouse Space
https://www.zerohedge.com/markets/amazo ... ouse-space

[winston]

vested

Amazon.com said on Wednesday (May 25) it had opened its first brick-and-mortar clothing retail store, as people start to venture out to shop following easing Covid-19 curbs.

The store, Amazon Style, located in Los Angeles, will use machine-learning technology to help customers find clothes and personalise recommendations.

Customers shopping on the Amazon app will also have the option to try out their selections at the physical store, and will be notified on the fitting room's availability.

Source: Phillips

[winston]

vested

Amazon Stock Extends Gains Into 20-For-1 Split Slated For Friday

Amazon will split its stock in a 20-for-1 adjustment that will begin trading on June 6.

by MARTIN BACCARDAX

Amazon said shareholders of record on May 24 will receive 19 extra shares of the group for each one held. Trading is expected to begin on a split-adjusted basis on June 6.

Amazon's possible inclusion in the Dow can't be ignored, either, now that S&P Dow Jones Officials can work with a share price of around $120 each.

Source: The Street

https://www.thestreet.com/markets/amazo ... r%2BFriday

[winston]

vested

Refining Our Technical Strategy for Amazon

By BRUCE KAMICH

The charts and indicators of AMZN are currently uninspiring.

AMZN could bounce further to the upside or it could dip to retest the $2200-$2100 area.

On the upside the $2,800 area could act as resistance.

I don't have a strong conviction at this point in time.

Source: The Street

https://realmoney.thestreet.com/investi ... r%2BAmazon

[winston]

vested

Amazon: Strong Enough to Make It Through Current Headwinds

In The U.S., ecommerce sales reached $871 billion last year, representing 13.2% of all retail sales.

By 2025, ecommerce sales are expected to reach $1.2 trillion and account for 15% of total U.S. retail sales.

Jones reckons that in 2021, Amazon’s share of the market stood at 56%, but by 2025, expects this to increase to almost 58%.

Source: TipRanks

https://finance.yahoo.com/news/amazon-s ... 11021.html