 U.S. stocks drifted lower Monday ahead of a momentous week full of potential flashpoints in Washington, D.C., and around the world. The S&P 500 slipped 0.3%, though it remains near its record set last month. The Dow Jones Industrial Average fell 257 points, or 0.6%, while the Nasdaq composite .... |
Good MorningEquity markets hovered near recent highs and above the critical near-term support target as participants awaited the Presidential election's outcome. The polls were neck and neck going into the event, leaving the market with nothing to do but wait. Regardless of the election, the stock market will likely continue to rally because of earnings growth, cash flow, and capital returns. The rally in equities may gain momentum in the back half of 2025 as the tailwind of falling interest rates begins to lift consumer spirits.
Shares of NVIDIA will likely lift the market later this week. The AI powerhouse is slated for inclusion in the Dow Jones Industrial Index starting on Friday, before the opening of trading. This means that billions in mutual funds and ETF capital will have to buy NVDA shares to remain indexed to the blue benchmark. The latest data shows that more than 3,600 funds were indexed to the Dow, so buying could be vigorous. NVIDIA also reports Q3 earnings report later this month. The latest business news about NVIDIA is that it is requesting inventory builds of HBM3 memory be advanced by 6 months, suggesting the AI data center business continues to gain momentum. Featured: Did you know you can now trade Bitcoin in your regular brokerage account? (DTI) 
| Stocks | | | U.S. stocks drifted lower Monday ahead of a momentous week full of potential flashpoints in Washington, D.C., and around the world. The S&P 500 slipped 0.3%, though it remains near its record set last month. The Dow Jones Industrial Average fell 257 points, or 0.6%, while the Nasdaq composite ... Read the Full Story |
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Intel Corp (NASDAQ: INTC) has endured a tough year, with its stock losing as much as nearly 65% due to red-hot competition and declining earnings. However, in recent weeks, the stock has been consolidating and has even started to show signs of rally potential.
Santa Clara-based Intel, a s... Read the Full Story |
| Markets | | | Shares were mostly higher in Asia early Tuesday, with major benchmarks gaining more than 1%, after U.S. stock indexes drifted lower a day ahead of the U.S. presidential election. This week will bring various potential flashpoints, among them Election Day in the United States. But the results may not... Read the Full Story |
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As the Fed starts its interest rate cut cycle, many dynamic factors historically come into play. Rate cuts tend to stimulate consumer spending and construction activity since borrowing costs get cheaper. The housing market is expected to see more demand as mortgage rates fall. The IPO calendar get... Read the Full Story |
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Shares of Reddit (NYSE: RDDT), the well-known social media giant, surged by as much as 50% last week following a stellar Q3 earnings report that sent the stock to new all-time highs. After pulling back briefly from highs on Thursday, the stock closed the week at $112.98, up an impressive 38.8% o... Read the Full Story |
| From Our PartnersFormer advisor to the CIA, the Pentagon and the White House Jim Rickards went on multiple TV news programs…
A predicted Trump would win.
You won’t believe what he’s predicting now. | | | | Click here to see it because it’s a SHOCKER… |
| Markets | | | Saudi Arabian oil giant Aramco reported third-quarter profits of $27.5 billion on Tuesday, down about 15% from last year as low oil prices ate into its revenues. Aramco, formally known as the Saudi Arabian Oil Co., had revenues of $111.1 billion over the quarter, the company said in a filing on Riya... Read the Full Story |
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Summit Therapeutics Inc. (NASDAQ: SMMT) is a development-stage biotech company specializing in novel therapies for oncology and infectious diseases. Their leading drug candidate is Ivonescimab, an immunotherapy treatment being tested on non-small cell lung cancer (NSCLC). The stock is trading up... Read the Full Story |
| Markets | | | For some television viewers, size apparently does matter. Forget the 65-inch TVs that were considered bigger than average a decade ago. In time for the holidays, manufacturers and retailers are rolling out more XXL screens measuring more than 8 feet across. That's wider than a standard three-seat so... Read the Full Story |
| Markets | | | Sobs of relief broke out in a federal courtroom in Kansas on Monday as dozens of people whose life savings had been embezzled by a bank CEO learned that federal law enforcement had recovered their money."I just can’t describe the weight lifted off of us,” said Bart Camilli, 70, who with his wife Cle... Read the Full Story |
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The cruise operators were unfortunately locked into an epicenter industry in the consumer discretionary sector during the COVID-19 pandemic. The spread of the disease onboard cruise ships spurred fears that no one would ever want to take a cruise again and risk catching a fatal infection. Fast for... Read the Full Story |
| Tuesday's Early Bird Stock Of The Day 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. In addition, the company offers programs that enable sellers to sell their products in its stores; and programs that allow authors, independent publishers, musicians, filmmakers, Twitch streamers, skill and app developers, and others to publish and sell content. Further, it provides compute, storage, database, analytics, machine learning, and other services, as well as advertising services through programs, such as sponsored ads, display, and video advertising. Additionally, the company offers Amazon Prime, a membership program. The company's products offered through its stores include merchandise and content purchased for resale and products offered by third-party sellers. It serves consumers, sellers, developers, enterprises, content creators, advertisers, and employees. Amazon.com, Inc. was incorporated in 1994 and is headquartered in Seattle, Washington. | Should I Buy Amazon.com Stock? AMZN Pros and Cons Explained
These insights were generated using artificial intelligence. They are based on proprietary MarketBeat data, news articles, and custom LLM A.I. algorithms. This analysis of Amazon.com was last updated on Thursday, October 24, 2024 at 3:26 PM.
Pros-
Amazon's consistent revenue growth and strong financial performance, with a net margin of 7.35% and a return on equity of 21.39%, indicate a stable and profitable business model.
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Positive analyst ratings and price targets from reputable firms like Morgan Stanley, Cantor Fitzgerald, and Evercore ISI suggest confidence in Amazon's future growth potential.
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Insider selling activity, while significant, can sometimes be a normal part of executives diversifying their portfolios and may not necessarily indicate negative sentiment towards the company.
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Amazon's diversified business segments, including North America, International, and Amazon Web Services (AWS), provide exposure to various markets and opportunities for growth.
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Despite recent insider selling, Amazon's stock price remains resilient, indicating continued investor interest and confidence in the company's long-term prospects.
Cons-
Recent insider selling activity, totaling 54,355 shares in the last three months, may raise concerns about executive sentiment towards the company's future performance.
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Analyst price target adjustments, such as those by Piper Sandler and The Goldman Sachs Group, lowering their targets, could indicate potential headwinds or challenges ahead for Amazon.
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High insider ownership of 10.80% of the company's stock may lead to conflicts of interest or governance issues that could impact decision-making and shareholder value.
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Competition in the e-commerce and cloud services industries is intense, with rivals constantly innovating and challenging Amazon's market position, potentially affecting its growth trajectory.
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While Amazon has a strong track record, macroeconomic factors, regulatory changes, or unforeseen events could impact the company's performance and stock price in the future.
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