Amazon set to shelve some private label brands to cut costs, address FTC scutiny - WSJ

Amazon scraps several private label clothing brands - source

August 10, 2023 12:04 PM EDT

(Reuters) -Amazon.com is shelving several private clothing brands, a source familiar with the matter said on Thursday, as the e-commerce giant tries to cut costs and address antitrust scrutiny.

The move was first reported by the Wall Street Journal, which said the company has decided to eliminate 27 of its 30 in house-label clothing brands, leaving it with just Amazon Essentials, Amazon Collection and Amazon Aware.

"If there are products that aren't resonating with customers we... More

Amazon (AMZN) option implied volatility near low end of range as shares rally 1.7%

August 10, 2023 10:40 AM EDT

Amazon (NASDAQ: AMZN) 30-day option implied volatility is at 28; compared to its 52-week range of 26 to 61 as shares rally 1.7%.

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Amazon (AMZN) Cuts Dozens Of House Brands - WSJ

August 10, 2023 9:20 AM EDT

Amazon (NASDAQ: AMZN) Cuts Dozens Of House Brands - WSJ

Cuts 27 Of Its 30 Clothing BrandsCuts Dozens Of In-house Brands On Costs, Regulators... More

Amazon (AMZN) efficiency enhancements are 'bearing fruit' - Phillip Capital

August 10, 2023 8:18 AM EDT

Phillip Capital upgraded shares of Amazon (NASDAQ: AMZN) to Buy, raising the price target on the stock to $175 from $120 per share in a note Thursday.

Analyst Maximilian Koeswoyo told investors that Amazon's efficiency enhancements are "bearing fruit," with the e-commerce giant's 2Q23... More

PhillipCapital Upgrades Amazon.com (AMZN) to Buy (1)

August 10, 2023 2:06 AM EDT

PhillipCapital analyst Maximilian Koeswoyo upgraded Amazon.com (NASDAQ: AMZN) from Neutral (3) to Buy (1) with a price target of $175.00 (from $120.00).

For an analyst ratings summary and ratings history on Amazon.com click here. For more ratings news on Amazon.com click here.

Shares of Amazon.com closed at $137.85 yesterday.

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Amazon.com (AMZN) PT Raised to $180 at Daiwa Securities

August 9, 2023 11:01 PM EDT

Daiwa Securities analyst Satoshi Tanaka raised the price target on Amazon.com (NASDAQ: AMZN) to $180.00 (from $145.00) while maintaining a Buy (1) rating.... More

Penn Entertainment, Rivian and Twilio rise premarket; Lyft, WeWork fall

August 9, 2023 8:18 AM EDT

Investing.com -- U.S. futures rose Wednesday, rebounding after the previous session's losses with investors digesting more corporate earnings.

Here are some of the biggest premarket U.S. stock movers today:

Penn Entertainment (NASDAQ: PENN) stock rose 13% after the... More

Futures edge higher, Disney to report - what's moving markets

August 9, 2023 5:49 AM EDT

Investing.com -- U.S. stock futures inch up Wednesday, as investors digest a Moody's downgrade of several midsized banks that hit shares on Wall Street in the previous session. Elsewhere, Disney gears up to unveil its latest results as its ESPN division signs a partnership with gambler Penn Entertainment. Meanwhile, inflation in China contracts in July, further exacerbating concerns over the country's post-COVID recovery.

1. Futures point higher

U.S. stock futures edged into the green on Wednesday,... More