S&P 500 climbs as Alphabet leads rally in tech
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- Equities close higher as softer jobs data quiets rate-hike expectations
- U.S. economy adds fewer jobs than expected as unemployment rate ticks higher
- Nvidia returns as Morgan Stanley’s Top Pick on attractive valuation
- Citi says rate volatility without Fed repricing is concerning
- U.S. credit-reporting stocks fall as FHFA weighs two-bureau mortgage rule
- Equities close higher as softer jobs data quiets rate-hike expectations
- Cantor Fitzgerald on Rivian (RIVN): 'pre-announced that it delivered 19,248 vehicles in 3Q26, above our estimate'
- Nvidia returns as Morgan Stanley’s Top Pick on attractive valuation
- DISH DBS emerges from bankruptcy, cuts debt by $4.35 billion
- Tanker struck by projectile in Strait of Hormuz
Amazon (AMZN) New Top Pick at New Street
July 17, 2023 4:55 PM EDTAmazon (NASDAQ: AMZN) New Top Pick at New Street
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Citi incrementally positive on Amazon (AMZN) e-commerce business after record Prime Day
July 14, 2023 8:30 AM EDTCiti analyst Ronald Josey told investors in a note Friday that the firm is incrementally positive on Amazon's (NASDAQ: AMZN) e-commerce business after what they believe are "relatively positive results" from Amazon's annual Prime Day event held from July 11 to 12.
Amazon said on Thursday that this year's Prime Day event was bigger than ever, with Prime members purchasing more than 375 million items.
It was the "single largest sales day in company history,"... More
Evercore ISI Comments on Amazon.com (AMZN) Prime Day: 'Intrinsically Impressive 25% Unit Growth'
July 13, 2023 3:40 PM EDTEvercore ISI analyst Mark Mahaney reiterated an Outperform rating and $150.00 price target on Amazon.com (NASDAQ: AMZN).
The analyst comments "Our View: We estimate that Amazon generated approx. $11.9B in GMV and $6.2B in Revenue over its two-day Prime Day shopping holiday, accounting for 4-5% of our Q3 AMZN Revenue estimate. We view these results as modestly better than we would have assumed (vs. the past two years of mgmt. disclosures of 400bps contribution to Revenue). Reit Outperform & $150 PT. AMZN remains one of our top Large Cap Net... More
