Amazon (AMZN) Price Target Lowered at Morgan Stanley Amid Rising Logistics Workforce Costs, Analyst Expects Stock to be Range Bound in Near Term
- Futures point to higher open as more earnings roll in
- JPMorgan is worried about further S&P 500 sell-off potential
- Oil falls back after robust EU data as Mideast tensions linger
- China acquired top-end Nvidia AI chips despite recent US ban- Reuters
- SAP Q1 results fall short of Wall Street estimates as transformation kicks off
- Fisker (FSR) Appoints Michael Healy as Chief Restructuring Officer
- Kroger (KR), Albertsons and C&S Wholesale Grocers Announce an Updated and Expanded Divestiture Plan
- Costar Group (CSGP) to Acquire Matterport (MTTR) for $5.50/sh Cash and Stock
- Jaguar Health (JAGX) Files $75M Mixed Shelf
- Apple (AAPL) PT Lowered to $210 at Morgan Stanley, 'We'd buy post-earnings weakness'
- Apple, PepsiCo, JetBlue fall premarket; Amazon, GM and UPS rise
- After-hours movers: Cadence Design Systems, Cleveland-Cliffs, Riot Platforms, and more
- Midday movers: Tesla, Li Auto and CNH Industrial fall; Salesforce rises
- Midday movers: Netflix, Super Micro fall; Paramount Global gains
- After-hours movers: Netflix, Intuitive Surgical, Nordstrom, KB Home
Pandemic-driven Gains for Amazon (AMZN) Are Here to Stay - Jefferies
September 27, 2021 7:19 AM EDTJefferies analyst Brent Thill shared takeaways from the firms meeting with the 3rd party selling expert to discuss the current retail environment.
Thill shared 5 key takeaways from the call: 1) AMZN continues to increase capacity at breakneck speed; 2) Pandemic-driven gains for AMZN will stay; 3) Brand consolidators are raising the bar for others on the platform; 4) A challenging holiday season is ahead of us; 5) AMZN is doing a better job protecting brands and managing reviews on the platform.
On the surging demand and what Amazon is doing to cope with that, Thill wrote:
AMZN continues to increase capacity... More
Amazon (AMZN) to Offer Insurance to SMBs in UK
September 27, 2021 5:22 AM EDTAmazon (NASDAQ: AMZN) is preparing to start offering insurance to small and medium-sized businesses (SMBs) in the UK, according to the British broker Superscript.
This marks Amazons entrance into business insurance in the UK as Business Prime members will be allowed to buy... More