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Tag: AMZN

  • Rep. Gilbert Ray Cisneros, Jr. Purchases Shares of Amazon.com, Inc. (NASDAQ:AMZN)

    Representative Gilbert Ray Cisneros, Jr. (D-California) recently bought shares of Amazon.com, Inc. (NASDAQ:AMZN). In a filing disclosed on December 15th, the Representative disclosed that they had bought between $1,001 and $15,000 in Amazon.com stock on November 18th. The trade occurred in the Representative’s “150 MAIN STREET TRUST > BANK OF AMERICA” account.

    Representative Gilbert Ray Cisneros, Jr. also recently made the following trade(s):

    • Sold $1,001 – $15,000 in shares of Spotify Technology (NYSE:SPOT) on 11/26/2025.
    • Sold $1,001 – $15,000 in shares of Alphabet (NASDAQ:GOOGL) on 11/26/2025.
    • Purchased $1,001 – $15,000 in shares of First Watch Restaurant Group (NASDAQ:FWRG) on 11/26/2025.
    • Purchased $1,001 – $15,000 in shares of TKO Group (NYSE:TKO) on 11/26/2025.
    • Sold $1,001 – $15,000 in shares of RBC Bearings (NYSE:RBC) on 11/24/2025.
    • Sold $1,001 – $15,000 in shares of Stifel Financial (NYSE:SF) on 11/24/2025.
    • Purchased $1,001 – $15,000 in shares of Logan Energy (CVE:LGN) on 11/24/2025.
    • Sold $1,001 – $15,000 in shares of Primoris Services (NASDAQ:PRIM) on 11/24/2025.
    • Purchased $15,001 – $50,000 in shares of LandBridge (NYSE:LB) on 11/21/2025.
    • Purchased $50,001 – $100,000 in shares of LandBridge (NYSE:LB) on 11/20/2025.

    Amazon.com Price Performance

    AMZN opened at $221.27 on Thursday. Amazon.com, Inc. has a twelve month low of $161.38 and a twelve month high of $258.60. The firm has a market cap of $2.37 trillion, a price-to-earnings ratio of 31.25, a PEG ratio of 1.53 and a beta of 1.37. The company has a current ratio of 1.01, a quick ratio of 0.80 and a debt-to-equity ratio of 0.14. The company has a fifty day simple moving average of $229.32 and a 200 day simple moving average of $225.23.

    Amazon.com (NASDAQ:AMZN – Get Free Report) last posted its quarterly earnings data on Thursday, October 30th. The e-commerce giant reported $1.95 earnings per share for the quarter, beating analysts’ consensus estimates of $1.57 by $0.38. The company had revenue of $180.17 billion during the quarter, compared to analysts’ expectations of $177.53 billion. Amazon.com had a net margin of 11.06% and a return on equity of 23.62%. The firm’s revenue for the quarter was up 13.4% on a year-over-year basis. During the same period in the prior year, the company posted $1.43 EPS. Equities research analysts expect that Amazon.com, Inc. will post 6.31 EPS for the current fiscal year.

    Wall Street Analyst Weigh In

    Several research firms recently commented on AMZN. Truist Financial set a $290.00 price target on Amazon.com in a research note on Friday, October 31st. UBS Group set a $300.00 target price on Amazon.com in a research report on Friday, December 5th. Robert W. Baird set a $285.00 target price on Amazon.com and gave the company an “outperform” rating in a research note on Friday, October 31st. CICC Research lifted their price target on shares of Amazon.com from $240.00 to $280.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 5th. Finally, JMP Securities set a $300.00 price target on shares of Amazon.com in a report on Friday, October 31st. Two research analysts have rated the stock with a Strong Buy rating, fifty-six have given a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Amazon.com has an average rating of “Moderate Buy” and a consensus target price of $295.50.

    Read Our Latest Report on AMZN

    Insider Activity at Amazon.com

    In other news, CEO Andrew R. Jassy sold 19,872 shares of the business’s stock in a transaction that occurred on Friday, November 21st. The stock was sold at an average price of $216.94, for a total transaction of $4,311,031.68. Following the completion of the transaction, the chief executive officer directly owned 2,208,310 shares in the company, valued at approximately $479,070,771.40. The trade was a 0.89% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Daniel P. Huttenlocher sold 1,237 shares of the stock in a transaction that occurred on Thursday, November 20th. The stock was sold at an average price of $226.61, for a total value of $280,316.57. Following the completion of the transaction, the director directly owned 26,148 shares of the company’s stock, valued at $5,925,398.28. This trade represents a 4.52% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 82,234 shares of company stock valued at $19,076,767. Company insiders own 9.70% of the company’s stock.

    Institutional Trading of Amazon.com

    A number of institutional investors and hedge funds have recently modified their holdings of AMZN. Brighton Jones LLC increased its position in Amazon.com by 10.9% in the fourth quarter. Brighton Jones LLC now owns 4,036,091 shares of the e-commerce giant’s stock worth $885,478,000 after buying an additional 397,007 shares during the period. Revolve Wealth Partners LLC increased its holdings in shares of Amazon.com by 4.1% in the 4th quarter. Revolve Wealth Partners LLC now owns 25,045 shares of the e-commerce giant’s stock worth $5,495,000 after acquiring an additional 986 shares during the period. Bank Pictet & Cie Europe AG lifted its position in Amazon.com by 2.8% in the 4th quarter. Bank Pictet & Cie Europe AG now owns 2,016,869 shares of the e-commerce giant’s stock valued at $442,481,000 after purchasing an additional 54,987 shares during the last quarter. Highview Capital Management LLC DE boosted its stake in Amazon.com by 5.5% during the 4th quarter. Highview Capital Management LLC DE now owns 28,975 shares of the e-commerce giant’s stock valued at $6,357,000 after purchasing an additional 1,518 shares during the period. Finally, Liberty Square Wealth Partners LLC bought a new position in Amazon.com in the 4th quarter worth about $2,153,000. 72.20% of the stock is owned by institutional investors and hedge funds.

    About Representative Cisneros

    Gil Cisneros (Democratic Party) is a member of the U.S. House, representing California’s 31st Congressional District. He assumed office on January 3, 2025. His current term ends on January 3, 2027.

    Cisneros (Democratic Party) is running for re-election to the U.S. House to represent California’s 31st Congressional District. He declared candidacy for the 2026 election.

    Gil Cisneros served in the U.S. Navy as a supply officer from 1994 to 2004. Cisneros earned a bachelor’s degree in political science from George Washington University in 1994, a master’s in business administration from Regis University in 2002, and a master’s degree in urban education policy from Brown University in 2015. His career experience includes working as a logistics manager for Frito-Lay. In 2010, Cisneros won the lottery and became involved in activism and philanthropy, founding a scholarship program for local high school students. In 2021, President Joe Biden (D) appointed Cisneros as under secretary of defense for personnel and readiness.

    About Amazon.com

    (Get Free Report)

    Amazon.com, Inc engages in the retail sale of consumer products, advertising, and subscriptions service through online and physical stores in North America and internationally. The company operates through three segments: North America, International, and Amazon Web Services (AWS). It also manufactures and sells electronic devices, including Kindle, Fire tablets, Fire TVs, Echo, Ring, Blink, and eero; and develops and produces media content.

    Read More



    Receive News & Ratings for Amazon.com Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Amazon.com and related companies with MarketBeat.com’s FREE daily email newsletter.

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  • Amazon.com, Inc. $AMZN Stake Boosted by Castleark Management LLC

    Castleark Management LLC lifted its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 4.9% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 598,607 shares of the e-commerce giant’s stock after acquiring an additional 28,076 shares during the quarter. Amazon.com makes up 3.9% of Castleark Management LLC’s portfolio, making the stock its 4th biggest holding. Castleark Management LLC’s holdings in Amazon.com were worth $131,328,000 as of its most recent filing with the Securities and Exchange Commission.

    A number of other institutional investors have also recently bought and sold shares of the company. Kingstone Capital Partners Texas LLC grew its stake in shares of Amazon.com by 542,733.6% in the 2nd quarter. Kingstone Capital Partners Texas LLC now owns 132,641,388 shares of the e-commerce giant’s stock valued at $29,100,194,000 after buying an additional 132,616,953 shares in the last quarter. Norges Bank bought a new stake in Amazon.com in the second quarter worth approximately $27,438,011,000. Nuveen LLC acquired a new position in shares of Amazon.com during the 1st quarter worth $11,674,091,000. Vanguard Group Inc. raised its holdings in shares of Amazon.com by 2.1% during the 2nd quarter. Vanguard Group Inc. now owns 849,721,601 shares of the e-commerce giant’s stock valued at $186,420,422,000 after purchasing an additional 17,447,045 shares in the last quarter. Finally, Laurel Wealth Advisors LLC lifted its stake in shares of Amazon.com by 22,085.8% in the 2nd quarter. Laurel Wealth Advisors LLC now owns 12,177,557 shares of the e-commerce giant’s stock valued at $2,671,634,000 after purchasing an additional 12,122,668 shares during the last quarter. Institutional investors and hedge funds own 72.20% of the company’s stock.

    Insiders Place Their Bets

    In related news, Director Daniel P. Huttenlocher sold 1,237 shares of Amazon.com stock in a transaction dated Thursday, November 20th. The stock was sold at an average price of $226.61, for a total transaction of $280,316.57. Following the sale, the director directly owned 26,148 shares of the company’s stock, valued at $5,925,398.28. This trade represents a 4.52% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Keith Brian Alexander sold 900 shares of the company’s stock in a transaction that occurred on Monday, November 17th. The shares were sold at an average price of $233.00, for a total value of $209,700.00. Following the completion of the transaction, the director directly owned 7,170 shares of the company’s stock, valued at approximately $1,670,610. This trade represents a 11.15% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 82,234 shares of company stock valued at $19,076,767 in the last quarter. 9.70% of the stock is currently owned by insiders.

    Amazon.com Stock Down 1.8%

    AMZN opened at $226.19 on Friday. Amazon.com, Inc. has a 1-year low of $161.38 and a 1-year high of $258.60. The business has a 50 day moving average of $229.35 and a 200-day moving average of $224.87. The stock has a market capitalization of $2.42 trillion, a price-to-earnings ratio of 31.95, a P/E/G ratio of 1.56 and a beta of 1.37. The company has a current ratio of 1.01, a quick ratio of 0.80 and a debt-to-equity ratio of 0.14.

    Amazon.com (NASDAQ:AMZN – Get Free Report) last released its earnings results on Thursday, October 30th. The e-commerce giant reported $1.95 EPS for the quarter, beating the consensus estimate of $1.57 by $0.38. The firm had revenue of $180.17 billion during the quarter, compared to analysts’ expectations of $177.53 billion. Amazon.com had a net margin of 11.06% and a return on equity of 23.62%. The business’s quarterly revenue was up 13.4% compared to the same quarter last year. During the same period in the prior year, the company earned $1.43 EPS. As a group, sell-side analysts anticipate that Amazon.com, Inc. will post 6.31 earnings per share for the current year.

    Analyst Ratings Changes

    AMZN has been the topic of several analyst reports. Wolfe Research increased their target price on shares of Amazon.com from $265.00 to $270.00 in a research report on Tuesday, September 30th. Oppenheimer reissued an “outperform” rating and set a $305.00 price objective (up previously from $290.00) on shares of Amazon.com in a report on Monday, December 1st. Arete Research raised their price objective on Amazon.com from $248.00 to $253.00 and gave the company a “buy” rating in a research note on Monday, October 27th. Deutsche Bank Aktiengesellschaft upped their target price on Amazon.com from $278.00 to $300.00 and gave the stock a “buy” rating in a research report on Friday, October 31st. Finally, New Street Research lifted their price target on shares of Amazon.com from $270.00 to $340.00 and gave the company a “buy” rating in a research report on Tuesday, November 4th. Two research analysts have rated the stock with a Strong Buy rating, fifty-six have assigned a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, Amazon.com currently has an average rating of “Moderate Buy” and an average target price of $295.43.

    View Our Latest Stock Analysis on AMZN

    About Amazon.com

    (Free Report)

    Amazon.com, Inc engages in the retail sale of consumer products, advertising, and subscriptions service through online and physical stores in North America and internationally. The company operates through three segments: North America, International, and Amazon Web Services (AWS). It also manufactures and sells electronic devices, including Kindle, Fire tablets, Fire TVs, Echo, Ring, Blink, and eero; and develops and produces media content.

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    Want to see what other hedge funds are holding AMZN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Amazon.com, Inc. (NASDAQ:AMZN – Free Report).

    Institutional Ownership by Quarter for Amazon.com (NASDAQ:AMZN)



    Receive News & Ratings for Amazon.com Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Amazon.com and related companies with MarketBeat.com’s FREE daily email newsletter.

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  • Amazon.com, Inc. $AMZN Stock Holdings Raised by Banco Santander S.A.

    Banco Santander S.A. raised its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 8.7% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,164,777 shares of the e-commerce giant’s stock after buying an additional 93,245 shares during the quarter. Amazon.com comprises approximately 2.4% of Banco Santander S.A.’s portfolio, making the stock its 6th biggest position. Banco Santander S.A.’s holdings in Amazon.com were worth $255,540,000 at the end of the most recent quarter.

    Other hedge funds have also recently modified their holdings of the company. Carderock Capital Management Inc. bought a new stake in Amazon.com during the second quarter worth about $27,000. Cooksen Wealth LLC bought a new position in shares of Amazon.com during the first quarter valued at approximately $36,000. Maryland Capital Advisors Inc. lifted its holdings in shares of Amazon.com by 81.9% during the second quarter. Maryland Capital Advisors Inc. now owns 211 shares of the e-commerce giant’s stock valued at $46,000 after purchasing an additional 95 shares during the last quarter. Ryan Investment Management Inc. bought a new stake in shares of Amazon.com in the 2nd quarter worth approximately $48,000. Finally, MJT & Associates Financial Advisory Group Inc. purchased a new stake in shares of Amazon.com in the 1st quarter worth approximately $59,000. Institutional investors own 72.20% of the company’s stock.

    Amazon.com Price Performance

    NASDAQ AMZN opened at $217.14 on Friday. Amazon.com, Inc. has a one year low of $161.38 and a one year high of $258.60. The stock has a 50-day moving average of $227.92 and a 200 day moving average of $221.48. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.81 and a current ratio of 1.02. The company has a market capitalization of $2.32 trillion, a price-to-earnings ratio of 33.10, a PEG ratio of 1.52 and a beta of 1.29.

    Amazon.com (NASDAQ:AMZN – Get Free Report) last posted its earnings results on Thursday, October 30th. The e-commerce giant reported $1.95 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.57 by $0.38. The business had revenue of $180.17 billion for the quarter, compared to analysts’ expectations of $177.53 billion. Amazon.com had a net margin of 10.54% and a return on equity of 23.84%. The business’s revenue for the quarter was up 13.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.43 EPS. Amazon.com has set its Q4 2025 guidance at EPS. On average, sell-side analysts forecast that Amazon.com, Inc. will post 6.31 EPS for the current year.

    Insider Activity at Amazon.com

    In other Amazon.com news, CEO Douglas J. Herrington sold 22,000 shares of the business’s stock in a transaction on Friday, October 31st. The shares were sold at an average price of $250.03, for a total transaction of $5,500,660.00. Following the completion of the sale, the chief executive officer directly owned 493,507 shares in the company, valued at approximately $123,391,555.21. The trade was a 4.27% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Keith Brian Alexander sold 900 shares of the stock in a transaction on Monday, November 17th. The shares were sold at an average price of $233.00, for a total value of $209,700.00. Following the transaction, the director directly owned 7,170 shares in the company, valued at $1,670,610. The trade was a 11.15% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 43,357 shares of company stock worth $10,607,215 over the last quarter. Company insiders own 10.80% of the company’s stock.

    Analyst Ratings Changes

    A number of research analysts have issued reports on AMZN shares. Sanford C. Bernstein set a $300.00 price objective on Amazon.com and gave the company an “outperform” rating in a research note on Friday, October 31st. Morgan Stanley reissued an “overweight” rating and issued a $315.00 target price (up from $300.00) on shares of Amazon.com in a research note on Friday, October 31st. Arete lifted their price target on Amazon.com from $248.00 to $253.00 and gave the stock a “buy” rating in a research report on Monday, October 27th. William Blair reiterated an “outperform” rating on shares of Amazon.com in a research note on Monday, November 3rd. Finally, Deutsche Bank Aktiengesellschaft increased their price objective on shares of Amazon.com from $278.00 to $300.00 and gave the company a “buy” rating in a research report on Friday, October 31st. Two investment analysts have rated the stock with a Strong Buy rating, fifty-six have assigned a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Amazon.com presently has an average rating of “Moderate Buy” and a consensus price target of $294.70.

    View Our Latest Analysis on Amazon.com

    Amazon.com Company Profile

    (Free Report)

    Amazon.com, Inc engages in the retail sale of consumer products, advertising, and subscriptions service through online and physical stores in North America and internationally. The company operates through three segments: North America, International, and Amazon Web Services (AWS). It also manufactures and sells electronic devices, including Kindle, Fire tablets, Fire TVs, Echo, Ring, Blink, and eero; and develops and produces media content.

    See Also

    Want to see what other hedge funds are holding AMZN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Amazon.com, Inc. (NASDAQ:AMZN – Free Report).

    Institutional Ownership by Quarter for Amazon.com (NASDAQ:AMZN)



    Receive News & Ratings for Amazon.com Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Amazon.com and related companies with MarketBeat.com’s FREE daily email newsletter.

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  • The Gaza War Has Been Big Business for U.S. Companies

    Two years on, Israel’s war in Gaza might be finally drawing to a close. The conflict built an unprecedented arms pipeline from the U.S. to Israel that continues to flow, generating substantial business for big U.S. companies—including Boeing, Northrop Grumman and Caterpillar.

    Sales of U.S. weapons to Israel have surged since October 2023, with Washington approving more than $32 billion in armaments, ammunition and other equipment to the Israeli military over that time, according to a Wall Street Journal analysis of State Department disclosures.

    Copyright ©2025 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8

    Benoit Faucon

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  • Callahan Advisors LLC Boosts Position in Amazon.com, Inc. $AMZN

    Callahan Advisors LLC grew its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 2.3% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 221,392 shares of the e-commerce giant’s stock after acquiring an additional 4,950 shares during the quarter. Amazon.com comprises about 4.4% of Callahan Advisors LLC’s investment portfolio, making the stock its 3rd largest holding. Callahan Advisors LLC’s holdings in Amazon.com were worth $48,571,000 at the end of the most recent reporting period.

    A number of other large investors have also modified their holdings of the company. Carderock Capital Management Inc. bought a new stake in shares of Amazon.com during the second quarter valued at approximately $27,000. Cooksen Wealth LLC acquired a new stake in Amazon.com in the 1st quarter valued at approximately $36,000. Inlight Wealth Management LLC bought a new stake in Amazon.com during the 1st quarter valued at $40,000. Maryland Capital Advisors Inc. boosted its position in Amazon.com by 81.9% during the 2nd quarter. Maryland Capital Advisors Inc. now owns 211 shares of the e-commerce giant’s stock worth $46,000 after acquiring an additional 95 shares during the period. Finally, Capitol Family Office Inc. bought a new position in shares of Amazon.com in the first quarter worth $42,000. Institutional investors and hedge funds own 72.20% of the company’s stock.

    Amazon.com Price Performance

    Shares of NASDAQ:AMZN opened at $243.04 on Friday. The company has a market capitalization of $2.60 trillion, a PE ratio of 37.05, a price-to-earnings-growth ratio of 1.52 and a beta of 1.29. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.81 and a current ratio of 1.02. The stock has a fifty day moving average of $227.08 and a 200-day moving average of $217.89. Amazon.com, Inc. has a one year low of $161.38 and a one year high of $258.60.

    Amazon.com (NASDAQ:AMZN – Get Free Report) last issued its earnings results on Thursday, October 30th. The e-commerce giant reported $1.95 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.57 by $0.38. The business had revenue of $180.17 billion for the quarter, compared to analysts’ expectations of $177.53 billion. Amazon.com had a return on equity of 23.84% and a net margin of 10.54%.The company’s quarterly revenue was up 13.4% on a year-over-year basis. During the same period in the previous year, the firm posted $1.43 EPS. Amazon.com has set its Q4 2025 guidance at EPS. As a group, equities analysts anticipate that Amazon.com, Inc. will post 6.31 EPS for the current fiscal year.

    Insider Activity

    In other news, CEO Andrew R. Jassy sold 19,872 shares of the business’s stock in a transaction that occurred on Thursday, August 21st. The shares were sold at an average price of $221.58, for a total transaction of $4,403,237.76. Following the sale, the chief executive officer owned 2,178,502 shares in the company, valued at $482,712,473.16. The trade was a 0.90% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Matthew S. Garman sold 17,785 shares of the company’s stock in a transaction that occurred on Thursday, August 21st. The shares were sold at an average price of $221.57, for a total transaction of $3,940,622.45. Following the completion of the sale, the chief executive officer owned 3,138 shares of the company’s stock, valued at approximately $695,286.66. This trade represents a 85.00% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 128,084 shares of company stock worth $29,405,457. 9.70% of the stock is owned by company insiders.

    Analyst Ratings Changes

    Several equities research analysts recently weighed in on AMZN shares. JPMorgan Chase & Co. upped their price objective on shares of Amazon.com from $265.00 to $305.00 and gave the stock an “overweight” rating in a report on Friday, October 31st. Westpark Capital restated a “buy” rating and set a $280.00 price target on shares of Amazon.com in a research report on Friday, August 1st. Wall Street Zen upgraded shares of Amazon.com from a “hold” rating to a “buy” rating in a report on Saturday, August 2nd. Robert W. Baird set a $285.00 target price on Amazon.com and gave the stock an “outperform” rating in a report on Friday, October 31st. Finally, Barclays restated an “overweight” rating and issued a $300.00 target price (up from $275.00) on shares of Amazon.com in a research report on Friday, October 31st. Two research analysts have rated the stock with a Strong Buy rating, fifty-four have given a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $293.17.

    View Our Latest Report on AMZN

    Amazon.com Profile

    (Free Report)

    Amazon.com, Inc engages in the retail sale of consumer products, advertising, and subscriptions service through online and physical stores in North America and internationally. The company operates through three segments: North America, International, and Amazon Web Services (AWS). It also manufactures and sells electronic devices, including Kindle, Fire tablets, Fire TVs, Echo, Ring, Blink, and eero; and develops and produces media content.

    Recommended Stories

    Want to see what other hedge funds are holding AMZN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Amazon.com, Inc. (NASDAQ:AMZN – Free Report).

    Institutional Ownership by Quarter for Amazon.com (NASDAQ:AMZN)



    Receive News & Ratings for Amazon.com Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Amazon.com and related companies with MarketBeat.com’s FREE daily email newsletter.

    ABMN Staff

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  • Cooper Financial Group Buys 2,302 Shares of Amazon.com, Inc. $AMZN

    Cooper Financial Group lifted its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 2.1% during the 2nd quarter, HoldingsChannel.com reports. The fund owned 113,054 shares of the e-commerce giant’s stock after purchasing an additional 2,302 shares during the quarter. Amazon.com accounts for 2.9% of Cooper Financial Group’s portfolio, making the stock its 7th largest position. Cooper Financial Group’s holdings in Amazon.com were worth $24,803,000 at the end of the most recent reporting period.

    Several other large investors have also recently made changes to their positions in the stock. Truist Financial Corp lifted its holdings in shares of Amazon.com by 3.3% in the 2nd quarter. Truist Financial Corp now owns 4,387,901 shares of the e-commerce giant’s stock worth $962,662,000 after acquiring an additional 140,738 shares during the last quarter. Powers Advisory Group LLC lifted its holdings in shares of Amazon.com by 5.3% in the 2nd quarter. Powers Advisory Group LLC now owns 5,898 shares of the e-commerce giant’s stock worth $1,294,000 after acquiring an additional 298 shares during the last quarter. Bourgeon Capital Management LLC lifted its holdings in shares of Amazon.com by 2.3% in the 2nd quarter. Bourgeon Capital Management LLC now owns 69,568 shares of the e-commerce giant’s stock worth $15,263,000 after acquiring an additional 1,550 shares during the last quarter. First United Bank & Trust lifted its holdings in shares of Amazon.com by 5.2% in the 2nd quarter. First United Bank & Trust now owns 12,025 shares of the e-commerce giant’s stock worth $2,638,000 after acquiring an additional 590 shares during the last quarter. Finally, MBA Advisors LLC lifted its holdings in shares of Amazon.com by 7.9% in the 2nd quarter. MBA Advisors LLC now owns 6,066 shares of the e-commerce giant’s stock worth $1,331,000 after acquiring an additional 442 shares during the last quarter. 72.20% of the stock is currently owned by institutional investors and hedge funds.

    Insider Buying and Selling at Amazon.com

    In other news, CEO Andrew R. Jassy sold 19,872 shares of Amazon.com stock in a transaction on Thursday, August 21st. The shares were sold at an average price of $221.58, for a total transaction of $4,403,237.76. Following the completion of the sale, the chief executive officer directly owned 2,178,502 shares of the company’s stock, valued at approximately $482,712,473.16. The trade was a 0.90% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Shelley Reynolds sold 2,715 shares of Amazon.com stock in a transaction on Thursday, August 21st. The stock was sold at an average price of $221.64, for a total transaction of $601,752.60. Following the sale, the vice president directly owned 119,780 shares of the company’s stock, valued at approximately $26,548,039.20. This trade represents a 2.22% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 10,864,716 shares of company stock worth $2,486,013,854. 10.80% of the stock is currently owned by company insiders.

    Amazon.com Price Performance

    Amazon.com stock opened at $216.39 on Wednesday. The stock has a market cap of $2.31 trillion, a P/E ratio of 32.99, a price-to-earnings-growth ratio of 1.46 and a beta of 1.28. The company has a fifty day simple moving average of $226.16 and a 200-day simple moving average of $212.19. Amazon.com, Inc. has a 12-month low of $161.38 and a 12-month high of $242.52. The company has a current ratio of 1.02, a quick ratio of 0.81 and a debt-to-equity ratio of 0.15.

    Amazon.com (NASDAQ:AMZN – Get Free Report) last released its quarterly earnings data on Thursday, July 31st. The e-commerce giant reported $1.68 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.31 by $0.37. The business had revenue of $167.70 billion during the quarter, compared to analysts’ expectations of $161.80 billion. Amazon.com had a net margin of 10.54% and a return on equity of 23.84%. The company’s revenue for the quarter was up 13.3% on a year-over-year basis. During the same period in the previous year, the company earned $1.26 EPS. Amazon.com has set its Q3 2025 guidance at EPS. Equities analysts expect that Amazon.com, Inc. will post 6.31 EPS for the current fiscal year.

    Wall Street Analysts Forecast Growth

    Several brokerages have recently commented on AMZN. Cantor Fitzgerald upped their price objective on shares of Amazon.com from $260.00 to $280.00 and gave the stock an “overweight” rating in a report on Friday, August 1st. Rosenblatt Securities increased their target price on shares of Amazon.com from $288.00 to $297.00 and gave the stock a “buy” rating in a report on Friday, August 1st. Citigroup reiterated an “overweight” rating on shares of Amazon.com in a report on Wednesday, August 13th. Robert W. Baird increased their target price on shares of Amazon.com from $220.00 to $244.00 and gave the stock an “outperform” rating in a report on Monday, July 21st. Finally, Wells Fargo & Company upgraded shares of Amazon.com from an “equal weight” rating to an “overweight” rating and increased their target price for the stock from $245.00 to $280.00 in a report on Wednesday, September 24th. Three research analysts have rated the stock with a Strong Buy rating, forty-seven have issued a Buy rating and one has given a Hold rating to the company. According to MarketBeat, the company has a consensus rating of “Buy” and an average price target of $266.26.

    View Our Latest Stock Report on AMZN

    Amazon.com Company Profile

    (Free Report)

    Amazon.com, Inc engages in the retail sale of consumer products, advertising, and subscriptions service through online and physical stores in North America and internationally. The company operates through three segments: North America, International, and Amazon Web Services (AWS). It also manufactures and sells electronic devices, including Kindle, Fire tablets, Fire TVs, Echo, Ring, Blink, and eero; and develops and produces media content.

    Featured Articles

    Want to see what other hedge funds are holding AMZN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Amazon.com, Inc. (NASDAQ:AMZN – Free Report).

    Institutional Ownership by Quarter for Amazon.com (NASDAQ:AMZN)



    Receive News & Ratings for Amazon.com Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Amazon.com and related companies with MarketBeat.com’s FREE daily email newsletter.

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  • Amazon.com, Inc. (NASDAQ:AMZN) Shares Acquired by Dfpg Investments LLC

    Amazon.com, Inc. (NASDAQ:AMZN) Shares Acquired by Dfpg Investments LLC

    Dfpg Investments LLC increased its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 14.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 201,055 shares of the e-commerce giant’s stock after purchasing an additional 25,041 shares during the quarter. Amazon.com makes up approximately 2.3% of Dfpg Investments LLC’s portfolio, making the stock its 4th biggest position. Dfpg Investments LLC’s holdings in Amazon.com were worth $29,851,000 as of its most recent SEC filing.

    Several other institutional investors have also recently added to or reduced their stakes in the business. Meridian Investment Counsel Inc. lifted its stake in Amazon.com by 3.4% during the first quarter. Meridian Investment Counsel Inc. now owns 151 shares of the e-commerce giant’s stock worth $492,000 after purchasing an additional 5 shares during the last quarter. Alterna Wealth Management Inc. lifted its stake in Amazon.com by 1.8% during the first quarter. Alterna Wealth Management Inc. now owns 289 shares of the e-commerce giant’s stock worth $942,000 after purchasing an additional 5 shares during the last quarter. Fiduciary Planning LLC lifted its stake in Amazon.com by 1.5% during the first quarter. Fiduciary Planning LLC now owns 349 shares of the e-commerce giant’s stock worth $1,138,000 after purchasing an additional 5 shares during the last quarter. HBC Financial Services PLLC lifted its stake in Amazon.com by 0.8% during the first quarter. HBC Financial Services PLLC now owns 616 shares of the e-commerce giant’s stock worth $1,717,000 after purchasing an additional 5 shares during the last quarter. Finally, Archetype Wealth Partners lifted its stake in Amazon.com by 3.7% during the first quarter. Archetype Wealth Partners now owns 169 shares of the e-commerce giant’s stock worth $552,000 after purchasing an additional 6 shares during the last quarter. Hedge funds and other institutional investors own 57.96% of the company’s stock.

    Amazon.com Stock Performance

    NASDAQ AMZN opened at $178.87 on Friday. The business’s 50-day moving average price is $168.24 and its 200 day moving average price is $150.01. The company has a market capitalization of $1.86 trillion, a PE ratio of 61.68, a price-to-earnings-growth ratio of 1.55 and a beta of 1.17. The company has a current ratio of 1.05, a quick ratio of 0.84 and a debt-to-equity ratio of 0.29. Amazon.com, Inc. has a twelve month low of $96.29 and a twelve month high of $181.41.

    Amazon.com (NASDAQ:AMZN – Get Free Report) last released its quarterly earnings data on Thursday, February 1st. The e-commerce giant reported $1.00 EPS for the quarter, topping analysts’ consensus estimates of $0.81 by $0.19. The company had revenue of $169.96 billion for the quarter, compared to the consensus estimate of $165.96 billion. Amazon.com had a return on equity of 16.61% and a net margin of 5.29%. The company’s quarterly revenue was up 13.9% compared to the same quarter last year. During the same period last year, the business posted $0.21 EPS. On average, research analysts predict that Amazon.com, Inc. will post 4.08 earnings per share for the current year.

    Insider Transactions at Amazon.com

    In other news, VP Shelley Reynolds sold 3,100 shares of the firm’s stock in a transaction dated Wednesday, February 21st. The stock was sold at an average price of $168.97, for a total value of $523,807.00. Following the transaction, the vice president now directly owns 119,780 shares in the company, valued at approximately $20,239,226.60. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other news, CEO Andrew R. Jassy sold 50,000 shares of the stock in a transaction dated Monday, March 4th. The stock was sold at an average price of $180.00, for a total value of $9,000,000.00. Following the completion of the sale, the chief executive officer now owns 1,994,182 shares in the company, valued at $358,952,760. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, VP Shelley Reynolds sold 3,100 shares of the stock in a transaction dated Wednesday, February 21st. The shares were sold at an average price of $168.97, for a total value of $523,807.00. Following the completion of the sale, the vice president now owns 119,780 shares of the company’s stock, valued at approximately $20,239,226.60. The disclosure for this sale can be found here. Insiders have sold a total of 32,210,010 shares of company stock worth $5,505,133,106 in the last three months. 12.30% of the stock is currently owned by company insiders.

    Analyst Ratings Changes

    A number of brokerages have weighed in on AMZN. Oppenheimer boosted their price objective on Amazon.com from $200.00 to $210.00 and gave the company an “outperform” rating in a research note on Friday, February 2nd. TD Cowen boosted their price objective on Amazon.com from $200.00 to $225.00 and gave the company an “outperform” rating in a research note on Friday, February 2nd. Monness Crespi & Hardt boosted their price objective on Amazon.com from $170.00 to $215.00 and gave the company a “buy” rating in a research note on Friday, February 2nd. Morgan Stanley boosted their price objective on Amazon.com from $185.00 to $200.00 and gave the company an “overweight” rating in a research note on Friday, February 2nd. Finally, Wolfe Research boosted their price objective on Amazon.com from $195.00 to $205.00 and gave the company an “outperform” rating in a research note on Friday, February 2nd. One analyst has rated the stock with a hold rating, forty-three have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Amazon.com presently has an average rating of “Buy” and a consensus target price of $197.95.

    Check Out Our Latest Analysis on Amazon.com

    Amazon.com Company Profile

    (Free Report)

    Amazon.com, Inc engages in the retail sale of consumer products, advertising, and subscriptions service through online and physical stores in North America and internationally. The company operates through three segments: North America, International, and Amazon Web Services (AWS). It also manufactures and sells electronic devices, including Kindle, Fire tablets, Fire TVs, Echo, Ring, Blink, and eero; and develops and produces media content.

    Featured Articles

    Want to see what other hedge funds are holding AMZN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Amazon.com, Inc. (NASDAQ:AMZN – Free Report).

    Institutional Ownership by Quarter for Amazon.com (NASDAQ:AMZN)

    Receive News & Ratings for Amazon.com Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Amazon.com and related companies with MarketBeat.com’s FREE daily email newsletter.

    ABMN Staff

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  • Amazon’s stock just racked up its highest close in more than two years

    Amazon’s stock just racked up its highest close in more than two years


    Amazon.com Inc. shares continued their charge higher Friday, securing their highest close in more than two years.

    The e-commerce giant’s stock advanced 2.7% in Friday’s session to finish the day at $174.45. That was the best ending level since Dec. 9, 2021, when Amazon’s stock
    AMZN,
    +2.71%
    closed at $147.17, according to Dow Jones Market Data.

    Don’t miss: Is Meta now a value stock?

    Amazon briefly surpassed Alphabet Inc.
    GOOG,
    +2.04%

    GOOGL,
    +2.12%
    as the third most valuable U.S. company by market capitalization last week, though it’s since fallen back to the No. 4 spot. Still, the recent momentum for Amazon shares has been enough to help the company hold down a place in the top four even as Nvidia Corp.
    NVDA,
    +3.58%
    nips at its heels.

    Alphabet finished Friday’s session with a $1.86 trillion market cap, while Amazon’s was $1.81 trillion and Nvidia’s was $1.78 trillion.

    Wall Street had a mixed reaction to earnings from big technology companies this quarter, but Amazon’s results were among those that were well received.

    See also: Amazon says the ‘magic words.’ They spurred a $130 billion market-cap boost.

    “Overall the overhangs which kept a lid on AMZN shares — e-commerce deceleration in 2021, e-commerce deceleration and margin compression in 2022 and AWS deceleration in 2023 — will have dissipated throughout 2024,” UBS analyst Stephen Ju wrote in a note to clients following those results.

    The company has been a huge driver of earnings growth for the S&P 500 consumer discretionary sector, as its quarterly earnings per share grew to $1 in the latest quarter from 3 cents a year before. The consumer discretionary sector is now expected to post 33% growth in EPS for the fourth quarter, according to FactSet, but without Amazon, that would swing to a decline of about 1%.



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  • Stock investors fear ‘no-landing’ economy could spell trouble. What’s next?.

    Stock investors fear ‘no-landing’ economy could spell trouble. What’s next?.


    While the U.S. stock market has been pricing in a “soft-landing” scenario for the economy, a blowout January jobs report, relatively strong corporate earnings, and Federal Reserve Jerome Powell’s comments during the past week could point to the possibility of “no landing,” where the economy is resilient while inflation stays on target.  

    Such a scenario could still be positive for U.S. stocks, as long as inflation remains steady, according to Richard Flax, chief investment officer at Moneyfarm. However, if inflation reaccelerates, the Fed may be hesitant to cut its policy interest rate much, which could spell trouble, Flax said in a call. 

    What the past week tells us

    Investors have just gone through the busiest week so far this year for economic data and corporate earnings reports, with stocks ending at or near their record highs.

    The Dow Jones Industrial Average
    DJIA
    finished the week with its nineth record close of 2024, according to Dow Jones Market Data. The S&P 500 index
    SPX
    scored its seventh record close this year on Friday, while the Nasdaq Composite
    COMP
    is about 2.7% lower from its peak.

    The Fed kept its policy interest rate unchanged in the range of 5.25% to 5.5% at its Wednesday meeting, as expected. However, in the subsequent press conference, Fed Chair Jerome Powell threw cold water on market expectations that the central bank may start cutting its key interest rate in March, and underscored that they want “greater confidence” in disinflation. 

    Roger Ferguson, former Fed vice chairman, said Powell introduced “a new kind of risk, the risk of no landing.” 

    In that scenario, inflation will stop falling, while the economy is strong, Ferguson said in an interview with CNBC on Thursday. However, Ferguson said he doesn’t think it is the likely outcome.   

    Traders were pricing in a 20.5% likelihood on Friday that the Fed will cut its interest rates in its March meeting, according to the CME FedWatch tool and that’s down from over 46% chance a week ago. The likelihood that the Fed will kick off its rate cutting program in May stood at 58.6% on Friday.  

    The stronger-than-expected January jobs data released on Friday further eliminates the chance of a rate cut in March, said Flax. 

    The U.S. economy added a whopping 353,000 new jobs in January while economists polled by The Wall Street Journal had forecast a 185,000 increase in new jobs. Hourly wages rose a sharp 0.6% in January, the biggest increase in almost two years.

    The past week has also been heavy with earnings reports, as several tech giants including Microsoft
    MSFT,
    +1.84%    ,
    Apple
    AAPL,
    -0.54%    ,
    Meta
    META,
    +20.32%    ,
    and Amazon
    AMZN,
    +7.87%
    reported their financial results for the fourth quarter of 2023. 

    Among the 220 S&P 500 companies that have reported their earnings so far, 68% have beaten estimates, with their earnings exceeding the expectation by a median of 7%, analysts at Fundstrat wrote in a Friday note.  

    While the reported earnings by big tech companies have been “okay,” the guidance was not, said José Torres, senior economist at Interactive Brokers.

    What has been driving the tech stocks’ rally since last year was mostly the prospect of sales from artificial intelligence products, but tech companies are not able to monetize the trend yet, Torres said in a phone interview. 

    Adding to the headwinds is a comeback of concerns around regional banks. 

    On Thursday, New York Community Bancorp Inc.’s stock triggered the steepest drop in regional-bank stocks since the collapse of Silicon Valley Bank in March 2023. New York Community Bancorp on Wednesday posted a surprise loss and signaled challenges in the commercial real estate sector with troubled loans.

    Meanwhile, the Fed’s bank term funding program, which was launched in March last year to bolster the capacity of the banking system, will expire on March 11. 

    If the Fed could start cutting its key interest rate in March, it would be “sort of like the ambulance that was going to pick regional banks up and save them,” said Torres. “Now the ambulance is coming in May at the earliest, I think that we’re in a particularly risky period from now to May,” Torres said. 

    What should investors do 

    Investors should go risk-off before May, according to Torres. “Last year, goods and commodities helped a lot on the disinflationary front. This year for disinflation to continue, we’re going to need services to start contributing to that. Then we’re going to need to see an increase in the unemployment rate,” Torres said. 

    He said he prefers U.S. Treasurys with a tenor of four years or shorter, as the long-dated ones may be susceptible to risks around the fiscal deficit and government borrowing. For stocks, he prefers the healthcare, utilities, consumer staples and energy sectors, he said. 

    Keith Buchanan, senior portfolio manager at Globalt Investments, is more optimistic. The slowdown in inflation and the relatively strong economic data and earnings “don’t really paint a picture for a risk-off scenario,” he said. “The setup for risk assets still leans towards the bullish expectation,” Buchanan added. 

    In the week ahead, investors will be watching the ISM services sector data on Monday, the U.S. trade deficit on Wednesday and weekly initial jobless benefit claims numbers on Thursday. Several Fed officials will speak as well, potentially providing more clues on the possible trajectory of rate cuts.



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  • Amazon is worth more than Alphabet for the first time in 16 months

    Amazon is worth more than Alphabet for the first time in 16 months


    Earnings season is causing a reshuffling among the ranks of the largest U.S. companies.

    Amazon.com Inc.
    AMZN,
    +7.87%
    overtook Alphabet Inc.
    GOOG,
    +0.58%

    GOOGL,
    +0.86%
    and become the third-largest U.S. public company upon Friday’s close, after its results were well received by Wall Street and Alphabet’s earlier in the week got panned.

    Amazon edged out Alphabet only barely, with a closing market cap of $1.785 trillion compared with $1.777 trillion for Alphabet, according to Dow Jones Market Data.

    Read: Amazon says the ‘magic words.’ They could spur a $110 billion market-cap boost.

    The e-commerce giant hadn’t been valued above the Google parent company since Sept. 30, 2022, according to Dow Jones Market Data. That was also the last time Amazon was the third-largest by market cap.

    Wall Street found plenty to like in Amazon’s latest report, including drastic improvement in operating income, upbeat commentary on the cloud and momentum within the retail business. Meanwhile, Alphabet’s earnings were met with a chillier reception as the company talked up heavy spending plans linked to its artificial-intelligence ambitions.

    The very top of the market-cap ranks has changed up as well lately, though admittedly with less of a tie to earnings. Microsoft Corp.’s
    MSFT,
    +1.84%
    closing valuation surpassed Apple Inc.’s
    AAPL,
    -0.54%
    on Jan. 12 for the first time since November 2021. While the two traded around the top spot in January, Microsoft has been sitting there since Jan. 25.

    Don’t miss: Microsoft earnings may have offered a big bullish clue about cloud growth

    Microsoft also rests alone in the $3 trillion club, with Apple, the only other U.S. company to ever claim membership, having fallen out of it.

    See also: Apple just did something unusual. Can it help the stock amid growth woes?



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  • iRobot Stock Plunges as Its Takeover by Amazon Likely Is Dead

    iRobot Stock Plunges as Its Takeover by Amazon Likely Is Dead

    Amazon’s $1.4 billion deal for Roomba-maker iRobot looks set to be blocked by European Union antitrust authorities. It’s only a small setback for the e-commerce giant but it’s a reminder that regulators are still skeptical over acquisitions made by big technology companies.

    Continue reading this article with a Barron’s subscription.

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  • So Long, Apple and Tesla. We Built a Better Magnificent 7.

    So Long, Apple and Tesla. We Built a Better Magnificent 7.

    By Nicholas Jasinski

    Jan 12, 2024, 1:00 am EST

    In this article

    AMZN

    AAPL

    MSFT

    NVDA

    SPX

    The Magnificent Seven had an extraordinary year in 2023—one that will be very difficult to repeat. And there will be a new Magnificent Seven in 2024.

    Continue reading this article with a Barron’s subscription.

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  • These 20 stocks soared the most in 2023

    These 20 stocks soared the most in 2023

    (Updated with Friday’s closing prices.)

    The 2023 rally for stocks in the U.S. accelerated as more investors bought the idea that the Federal Reserve succeeded in its effort to bring inflation to heel.

    The S&P 500
    SPX
    ended Friday with a 24.2% gain for 2023, following a 19.4% decline in 2022. (All price changes in this article exclude dividends). Among the 500 stocks, 65% were up for 2023. Below is a list of the year’s 20 best performers in the benchmark index.

    This article focuses on large-cap stocks. MarketWatch Editor in Chief Mark DeCambre took a broader look at all U.S. stocks of companies with market capitalizations of at least $1 billion, to list 10 with gains ranging from 412% to 1,924%.

    The Fed began raising short-term interest rates and pushing long-term rates higher in March 2022 by allowing its bond portfolio to run off. That explains the poor performance for stocks in 2022, as bonds and even bank accounts because more attractive to investors.

    The central bank hasn’t raised the federal-funds rate since moving it to the current target range of 5.25% to 5.50% in July, and its economic projections point to three rate cuts in 2024.

    Investors are anticipating the return to a low-rate environment by scooping up 10-year U.S. Treasury notes
    BX:TMUBMUSD10Y,
    whose yield ended the year at 3.88%, down from 4.84% on Oct. 27 — the day of the S&P 500’s low for the second half of 2023.

    Read: Treasury yields end mostly higher but little changed on year after wild 2023

    Before looking at the list of best-performing stocks of 2023, here’s a summary of how the 11 sectors of the S&P 500 performed, with the full index and three more broad indexes at the bottom:

    Sector or index

    		 2023 price change

    		 2022 price change

    		 Price change since end of 2021

    		 Forward P/E

    		 Forward P/E at end of 2022

    		 Forward P/E at end of 2023
    Information Technology

    		 56.4%

    		 -28.9%

    		 11.5%

    		 26.7

    		 20.0

    		 28.2
    Communication Services

    		 54.4%

    		 -40.4%

    		 -7.6%

    		 17.4

    		 14.3

    		 21.0
    Consumer Discretionary

    		 41.0%

    		 -37.6%

    		 -11.4%

    		 26.2

    		 21.7

    		 34.7
    Industrials

    		 16.0%

    		 -7.1%

    		 8.0%

    		 20.0

    		 18.7

    		 22.0
    Materials

    		 10.2%

    		 -14.1%

    		 -4.9%

    		 19.5

    		 15.8

    		 16.6
    Financials

    		 9.9%

    		 -12.4%

    		 -3.4%

    		 14.6

    		 13.0

    		 16.3
    Real Estate

    		 8.3%

    		 -28.4%

    		 -21.6%

    		 18.3

    		 16.9

    		 24.7
    Healthcare

    		 0.3%

    		 -3.6%

    		 -3.3%

    		 18.2

    		 17.7

    		 17.3
    Consumer Staples

    		 -2.2%

    		 -3.2%

    		 -5.4%

    		 19.3

    		 20.6

    		 21.4
    Energy

    		 -4.8%

    		 59.0%

    		 51.8%

    		 10.9

    		 9.8

    		 11.1
    Utilities

    		 -10.2%

    		 -1.4%

    		 -11.4%

    		 15.9

    		 18.7

    		 20.4
    S&P 500
    SPX     		24.2%

    		 -19.4%

    		 0.4%

    		 19.7

    		 16.8

    		 21.6
    Dow Jones Industrial Average
    DJIA     		13.7%

    		 -8.8%

    		 3.8%

    		 17.6

    		 16.6

    		 18.9
    Nasdaq Composite
    COMP     		43.4%

    		 -33.1%

    		 -3.5%

    		 26.9

    		 22.6

    		 32.0
    Nasdaq-100
    NDX     		53.8%

    		 -33.0%

    		 3.5%

    		 26.3

    		 20.9

    		 30.3
    Source: FactSet

    A look at 2023 price action really needs to encompass what took place in 2022 for context. The broad indexes haven’t moved much from their levels at the end of 2022 (again, excluding dividends). We have included current forward price-to-earnings ratios along with those at the end of 2021 and 2022. These valuations have declined a bit, which may provide some comfort for investors wondering how likely it is for stocks to continue to rally in 2024.

    Biggest price increases among the S&P 500

    Here are the 20 stocks in the S&P 500 whose prices rose the most in 2023:

    Company

    		 Ticker

    		 2023 price change

    		 2022 price change

    		 Price change since end of 2021

    		 Forward P/E

    		 Forward P/E at end of 2022

    		 Forward P/E at end of 2021
    Nvidia Corp.

    		 NVDA,
         		239%

    		 -50%

    		 68%

    		 24.9

    		 34.4

    		 58.0
    Meta Platforms Inc. Class A

    		 META,
    -1.22%         		194%

    		 -64%

    		 5%

    		 20.2

    		 14.7

    		 23.5
    Royal Caribbean Group

    		 RCL,
    -0.37%         		162%

    		 -36%

    		 68%

    		 14.3

    		 14.9

    		 232.4
    Builders FirstSource Inc.

    		 BLDR,
    -1.02%         		157%

    		 -24%

    		 95%

    		 14.2

    		 10.7

    		 13.3
    Uber Technologies Inc.

    		 UBER,
    -2.49%         		149%

    		 -41%

    		 47%

    		 56.9

    		 N/A

    		 N/A
    Carnival Corp.

    		 CCL,
    -0.70%         		130%

    		 -60%

    		 -8%

    		 18.7

    		 41.3

    		 N/A
    Advanced Micro Devices Inc.

    		 AMD,
    -0.91%         		128%

    		 -55%

    		 2%

    		 39.7

    		 17.7

    		 43.1
    PulteGroup Inc.

    		 PHM,
    -0.26%         		127%

    		 -20%

    		 81%

    		 9.1

    		 6.3

    		 6.2
    Palo Alto Networks Inc.

    		 PANW,
    -0.24%         		111%

    		 -25%

    		 59%

    		 50.2

    		 38.0

    		 70.1
    Tesla Inc.

    		 TSLA,
    -1.86%         		102%

    		 -65%

    		 -29%

    		 66.2

    		 22.3

    		 120.3
    Broadcom Inc.

    		 AVGO,
    -0.55%         		100%

    		 -16%

    		 68%

    		 23.2

    		 13.6

    		 19.8
    Salesforce Inc.

    		 CRM,
    -0.92%         		98%

    		 -48%

    		 4%

    		 28.0

    		 23.8

    		 53.5
    Fair Isaac Corp.

    		 FICO,
    -0.46%         		94%

    		 38%

    		 168%

    		 47.1

    		 29.3

    		 28.7
    Arista Networks Inc.

    		 ANET,
    -0.62%         		94%

    		 -16%

    		 64%

    		 32.7

    		 22.3

    		 41.4
    Intel Corp.

    		 INTC,
    -0.28%         		90%

    		 -49%

    		 -2%

    		 26.6

    		 14.6

    		 13.9
    Jabil Inc.

    		 JBL,
    -0.45%         		87%

    		 -3%

    		 81%

    		 13.5

    		 7.9

    		 10.3
    Lam Research Corp.

    		 LRCX,
    -0.81%         		86%

    		 -42%

    		 9%

    		 25.2

    		 13.5

    		 20.2
    ServiceNow Inc.

    		 NOW,
    +0.57%         		82%

    		 -40%

    		 9%

    		 56.0

    		 42.6

    		 90.1
    Amazon.com Inc.

    		 AMZN,
    -0.94%         		81%

    		 -50%

    		 -9%

    		 42.0

    		 46.7

    		 64.9
    Monolithic Power Systems Inc.

    		 MPWR,
    -0.23%         		78%

    		 -28%

    		 28%

    		 49.1

    		 27.3

    		 57.9
    Source: FactSet

    Click on the tickers for more about each company.

    Click here for Tomi Kilgore’s detailed guide to the wealth of information available for free on the MarketWatch quote page.

    Don’t miss: Nvidia tops list of Wall Street’s 20 favorite stocks for 2024

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  • November's rally just erased two months of Fed tightening, economist says

    November's rally just erased two months of Fed tightening, economist says

    Financial conditions are now looser than in September, says economist

    Financial conditions in the U.S. are looser than in September, says economist.


    Getty Images

    The feel-good tone gripping markets in the home stretch of 2023 may not be what the Federal Reserve had penciled in for the holidays.

    The stock market in December, once again, has been knocking on the door of record levels, driven by optimism about easing inflation and potential Fed rate cuts next year.

    But while the prospect of double-digit equity gains this year would be a reprieve for investors after a brutal 2022, the latest rally also points to looser financial conditions.

    Ultimately, the risk of looser financial conditions is that they could backfire, particularly if they rub against the Fed’s own goal of keeping credit restrictive until inflation has been decisively tamed.

    Read: Inflation is falling but interest rates will be higher for longer. Way longer.

    Specifically, the November rally for the S&P 500 index
    SPX
    can be traced to the 10-year Treasury yield
    BX:TMUBMUSD10Y
    dropping to 4.1% on Thursday from a 16-year peak of 5% in October.

    Falling 10-year Treasury yields from a 5% peak in October coincides with a sharp rally in the S&P 500 at the tail end of 2023.


    Oxford Economics

    The Fed only exerts direct control over short-term rates, but 10-year and 30-year Treasury yields
    BX:TMUBMUSD30Y
    are important because they are a peg for pricing auto loans, corporate debt and mortgages.

    That makes long-term rates matter a lot to investors in stocks, bonds and other assets, since higher rates can lead to rising defaults, but also can crimp corporate earnings, growth and the U.S. economy.

    Michael Pearce, lead U.S. economist at Oxford Economics, thinks the November rally may put Fed officials in a difficult spot ahead of next week’s Dec. 12 to 13 Federal Open Market Committee meeting — the eighth and final policy gathering of 2023.

    “The decline in yields and surge in equity prices more than fully unwinds the tightening in conditions seen since the September FOMC meeting,” Pearce said in a Thursday client note.

    The Fed next week isn’t expected to raise rates, but instead opt to keep its benchmark rate steady at a 22-year high in a 5.25% to 5.5% range, which was set in July. The hope is that higher rates will keep bringing inflation down to the central bank’s 2% annual target.

    Ahead of the Fed’s July meeting, stocks were extending a spring rally into summer, largely driven by shares of six meg-cap technology companies and AI optimism.

    From June: Nvidia officially closes in $1 trillion territory, becoming seventh U.S. company to hit market-cap milestone

    Rates in September were kept unchanged, but central bankers also drove home a “higher for longer” message at that meeting, by penciling in only two rate cuts in 2024, instead of four earlier. That spooked markets and triggered a string of monthly losses in stocks.

    Pearce said he expects the Fed next week to “push back against the idea that rate cuts could come onto the agenda anytime soon,” but also to “err on the side of leaving rates high for too long.”

    That might mean the first rate cut comes in September, he said, later than market odds of a 52.8% chance of the first cut in March, as reflected by Thursday by the CME FedWatch Tool.

    Stocks were higher Thursday, poised to snap a three-session drop. A day earlier, the S&P 500 closed 5.2% off its record high set nearly two years ago, the Dow Jones Industrial Average
    DJIA
    was 2% away from its record close and the Nasdaq Composite Index
    COMP
    was almost 12% below its November 2021 record, according to Dow Jones Market Data.

    Related: What investors can expect in 2024 after a 2-year battle with the bond market

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  • What to expect as Netflix, Disney and other big streaming names shift strategy

    What to expect as Netflix, Disney and other big streaming names shift strategy

    Streaming customers are likely to see more familiar faces and less megabudget content in the coming year.

    Shifting consumer tastes and corporate strategies portend changes in programming, with artificial intelligence looming in the background, as major streaming services consider how to use technology and new forms of programming without escalating annual multibillion-dollar content budgets.

    “The big quandary is, how do we make [services] profitable? Things have shifted so dramatically and so quickly in how people consume,” Cole Strain, head of research and development at Samba TV, which tracks viewership of shows, said in an interview. “The streamers that find out what consumers truly want — they win.”

    Streaming services are facing some big choices, noted Jacqueline Corbelli, CEO of software company BrightLine. “The cost of the content and the length of the content war will force them to make some major decisions. They are trying to figure it out,” she said in an interview.

    “Great content has to be paid for, and investors want to see an increasingly efficient and profitable business,” she said, adding: “Right now the economics of these are at odds with one another.”

    This year’s prolonged Hollywood strikes, the prevalence of up-close-and-personal sports documentaries and the increased licensing of older cable-TV shows are the most tangible evidence so far of how content is evolving. Throw in cost-cutting, and customers of services like Netflix Inc.
    NFLX,
    +0.28%    ,
    Walt Disney Co.’s
    DIS,
    -1.33%
    Disney+ and Hulu, and Amazon.com Inc.’s
    AMZN,
    +1.41%
    Prime Video are looking at a vastly different content landscape.

    What’s at stake? Streaming’s big guns continue to spend lavishly in the pursuit of engagement, which is the single most important metric in media. During its third-quarter earnings calls, Netflix said it would spend $17 billion on content in 2024, while Disney pledged $25 billion, including sports rights.

    “‘I think when it comes to creativity, quality is critical, of course, and quantity in many ways can destroy quality.’”


    — Disney CEO Bob Iger

    Complicating matters and raising the urgency is the pressure, particularly at Disney, to cut costs. The very future of blockbuster movies is also in doubt in the wake of box-office misfires such as “Wish,” “Indiana Jones and the Dial of Destiny” and the latest Marvel entries, “Ant-Man and the Wasp: Quantumania” and “The Marvels.”

    “One of the reasons I believe it’s fallen off a bit is that we were making too much,” Disney CEO Bob Iger said at a recent employee town hall meeting in New York City. “I think when it comes to creativity, quality is critical, of course, and quantity in many ways can destroy quality. Storytelling, obviously, is the core of what we do as a company.”

    Also read: Disney CEO Bob Iger walks back comments about asset sales

    Speaking at the New York Times DealBook Summit last week, Iger acknowledged that “the movie business is changing. Box office is about 75% of what it was pre-COVID.” Noting the $7 monthly fee for a Disney+ subscription, he said the experience of viewing content from home on large TV screens is both more convenient and less expensive than going to the movie theater.

    Iger’s task is significantly more fraught than those faced by his rivals. He is in the midst of a turnaround at Disney aimed at making streaming profitable and is simultaneously fending off yet another proxy fight from activist investor Nelson Peltz.

    Part of Iger’s plan is to slash costs. Of the $7.5 billion Disney intends to save in 2024, $4.5 billion will come out of the content budget. Previously, the company was aiming at a $3 billion content cut out of a total annual reduction of $5.5 billion. Disney plans to spend $25 billion on content in 2024, down from $27.2 billion in 2023 and a record $29.9 billion in 2022.

    Read more: Bob Iger: ‘I was not seeking to return’ as Disney CEO

    What streamers have done so far hews closely to the classic TV model of producing original movies and series, broadcasting live sporting events and throwing in licensed content, or syndication. They’ve also displayed a willingness to place ads on their services after vowing not to (in the case of Netflix) and have managed to mitigate spending on pricey sports rights with behind-the-scenes content.

    Most prominently, Netflix has licensed older shows like USA Networks’ “Suits,” reintroducing the cast, including a then-unknown Meghan Markle, to solid viewership. “As the competitive environment evolves, we may have increased opportunities to license more hit titles to complement our original programming,” Netflix said in its third-quarter earnings statement. 

    During the company’s earnings call in October, Netflix co-CEO Ted Sarandos pointed to the historic streaming success of “Suits.” “This continues to be important for us to add a lot of breadth of storytelling,” he said. “Our consumers have a wide range of tastes, and we can’t make everything, but we can help you find just about anything. That’s really the strength.”

    The success of “Suits” and of original sports programming, among several tweaks, indicates that consumers like what they see so far. Streaming additions at Netflix and Disney were significant — 8.76 million and nearly 7 million, respectively — during the recently completed third calendar quarter.

    Read more: Netflix’s stock jumps more than 10% on huge spike in subscribers, price hikes

    “There exist a lot of popular, good shows that people hadn’t seen before. HBO Max has licensed ‘Band of Brothers.’ ‘Yellowstone’ is on the CBS network after performing well on Paramount Global
    PARA,
    -2.76%
    and Comcast Corp.’s
    CMCSA,
    -3.41%
    Peacock,” Jon Giegengack, founder and principal of Hub Entertainment Research, said in an interview. “Consumers increasingly don’t care if a show is new, if they haven’t seen it before.”

    On the sports front, Netflix and Amazon Prime Video have sidestepped expensive rights to live sporting events and instead produced docuseries such as Netflix’s “Quarterback” and “Formula 1: Drive to Survive” and Amazon’s “Coach Prime” and “Redefined: J.R. Smith.” Amazon also continues to air “NFL Thursday Night Football.”

    Competition for eyeballs is tight with so many suitors — from Alphabet Inc.’s
    GOOGL,
    +1.33%

    GOOG,
    +1.35%
    YouTube to TikTok, both of which are developing long-form content — and viewers face “too many streaming options,” said Brittany Slattery, chief marketing officer at OpenAP, an advertising platform founded by the owners of most of the large TV networks.

    “There is a high churn rate, because consumers keep popping in and out of services because they can’t afford all these services,” Slattery said in an interview.

    Also see: Here’s what’s worth streaming in December 2023: Not much new, yet still a lot to watch

    Mark Vena, CEO and principal analyst at SmarTech Research, sums up the typical customer experience: “There are too many services for streaming. I will buy service for a month, watch a movie and then cancel.”

    Using technology for a new experience

    Major streamers are pinning many of their hopes on technology as a way to entice viewers and expand beyond the traditional TV model they’ve adopted. Strategies include mobile gaming (Netflix), gambling (Disney’s ESPN Bet) and shoppable media (Amazon).

    The biggest near-term change would bring ESPN exclusively to streaming, perhaps as early as 2025, although big games would probably be simulcast on network TV to retain older viewers.

    “Technology will be a major impetus for being in the winning circle,” said Hunter Terry, head of connected TV at global data company Lotame, pointing to Amazon’s shoppable-media strategy during Prime Video’s broadcast of an NFL game on Black Friday.

    The NFL game, the first ever on a Friday, featured QR codes of Amazon ads for direct purchases via mobile devices and PCs, contributing greatly to what the e-commerce giant said was its best-ever sales day — 7.5% higher than Black Friday 2022. The game drew between 9.6 million and 10.8 million viewers, according to Nielsen and Amazon, making it the highest-rated show on Black Friday for young adults (18-34) and adults (18-49).

    And what of generative AI, a major flashpoint in the writers and actors strikes that roiled Hollywood for months earlier this year? Creators feared generative AI would be used to produce low- and middle-brow entertainment without the need for writers, actors or production crew.

    The technology is as intriguing to streamers as it is vexing. Full-blown adoption would rankle creators as well as customers. There are also limitations: AI-created content is lacking in humor and original thought, said David Parekh, CEO of SRI International, a leading research and development organization serving government and industry.

    “The pressing question is, who goes first among the streamers and risks getting blowback from studios and consumers?” said Rick Munarriz, a contributing analyst at the Motley Fool who covers streaming-service stocks. “You don’t want to offend people, but there are tools to create ideas” at little cost.

    AI and machine learning are already being used to mine data to find out what resonates with viewers.

    “It is very hard to produce successful content,” said Ron Gutman, CEO of Wurl, which helps streamers and publishers monetize and distribute content, and which was recently acquired by AppLovin Corp.
    APP,
    -0.80%
    for $430 million. “The market is so fragmented. The problem is connecting people to content.”

    Straight to streaming?

    Big-budget busts present another potential source of content, by salvaging unreleased movies, according to experts.

    The so-called dust-bin option is the natural successor to straight-to-video and straight-to-pay-per-view movies. There has been some precedent, with the release of Disney’s superhero hit “Black Widow” simultaneously on streaming and in theaters in May 2021.

    Will streaming services end up as the first stop for movies abruptly canceled before release? Candidates include “Batgirl,” which cost $90 million to make and was in post-production when Warner Bros. Discovery Inc.
    WBD,
    -4.57%
    pulled the plug.

    The same fate could also await two other shelved Warner Bros. movies, “Scoob! Holiday Haunt” and the completed “Coyote vs. Acme.”

    While the $90 million “Batgirl” is a tax write-off, there could be upside to “Coyote” and “Scoob!” if they went to streaming without a costly marketing campaign, said SmarTech Research’s Vena.

    Still, the long-term plans of streaming giants to meld tech to TV remains a ticklish task, said Wurl’s Gutman. “TV is a lean-back experience, not a lean-into technology medium,” he said. “People are looking at their phones while watching TV. It is a passive experience.”

    Tracy Swedlow, founder and co-producer of the TV of Tomorrow Show conference, said: “They’ve been burning a candle at both ends, investing in original content as well as licensing long-tail content such as ‘Suits’ and ‘Breaking Bad.’ Something has to give.”

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  • Amazon hires three rocket launches from Musk’s SpaceX

    Amazon hires three rocket launches from Musk’s SpaceX

    Amazon.com Inc.
    AMZN,
    +0.64%
    said Friday it has hired Elon Musk’s SpaceX for three Falcon 9 rocket launches to support deployment plans for Project Kuiper, Amazon’s low Earth orbit satellite broadband network. The deal, the first between the companies, is considered a surprise since the Kuiper system is likely to compete with SpaceX’s Starlink in the satellite broadband market. Amazon previously ordered launches from three of SpaceX’s top rocket rivals, including Jeff Bezos’ Blue Origin. Amazon declined to comment on terms of the new deal with SpaceX.

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  • PDD Stock Soars on Earnings as Alibaba and Amazon Rival Sees Staggering Growth

    PDD Stock Soars on Earnings as Alibaba and Amazon Rival Sees Staggering Growth

    Shares in PDD Holdings soared Tuesday after the online retailer reported quarterly results that were far ahead of Wall Street’s expectations. The rival to both Alibaba and Amazon revealed staggering growth.

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  • No, Jeff Bezos hasn’t been unloading Amazon stock

    No, Jeff Bezos hasn’t been unloading Amazon stock

    A number of Amazon.com Inc. executives have disclosed sales of some of their Amazon stock holdings in recent weeks, but Jeff Bezos, the company’s executive chair and a mega-shareholder, was not among them.

    Despite some reports to the contrary, Bezos hasn’t disclosed any sales of Amazon shares AMZN for two years, but he has given some shares away to nonprofit organizations.

    There…

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  • Walmart, Nvidia, Novo Nordisk, Vista Outdoor, GM, and More Stock Market Movers

    Walmart, Nvidia, Novo Nordisk, Vista Outdoor, GM, and More Stock Market Movers

    Stock futures pointed higher Friday as Wall Street returned for a shortened trading session following the Thanksgiving holiday. Retailers will be in focus on Black Friday, which marks the unofficial start to the Christmas shopping season.

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  • Elon Musk’s X apocalyptic moment

    Elon Musk’s X apocalyptic moment

    Is this the beginning of the end for X, the social-media site previously known as Twitter?

    In the last two days, major advertisers, ranging from IBM Corp. IBM, Apple Inc. AAPL, Lions Gate Entertainment Corp. LGF.A, Walt Disney Co. DIS, even the European Union, have pulled their ads from X, after Elon Musk appeared to endorse antisemitic conspiracy theories and because these big spenders weren’t thrilled with the algorithm’s product placement nestled alongside pro-Nazi posts.

    Earlier…

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