Amazon tops $3,500 premarket before bumper earnings, rumored stock split

seekingalpha2021-04-29

Another strong earnings report is likely on the way from Amazon(NASDAQ:AMZN)amid record profits, surging sales and subscriber growth.Consensus EPS estimatesare seen at $9.62 (+92% Y/Y), while revenue ...

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Comments

要拼才会赢哥
2021-04-29
要拼才会赢哥
$4000 we are coming lol
HAPPYTiiger
2021-04-29
HAPPYTiiger
What happens when theres stock split? Does this stock remains the value or something else? Enlightenment please ~~
- KinKat:
  In theory, stock split doesn't change the value. There'll be more shares but prices will split lower accordingly. In practice, see what happened with TSLA & AAPL after split. Sum of Splits is now more
Jordie
2021-04-29
Jordie
nicee
yslt
2021-04-29
yslt
Nice
- ILikeTofu:
  Yes
Foros
2021-04-29
Foros
nice
Leston
2021-04-29
Leston
nice

Leave a comment

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Amazon's ad business, which is lumped into the \"other category,\" is also set to benefit from recent trends in the industry, and has emerged as a growing player in online advertising.\nWhile \"shelter in place\" benefits may recede over time, Wedbush analyst Michael Pachter expects them to have some \"lasting impacts.\" \"We think that new habits learned during the pandemic may be difficult to break for many Prime customers, namely the convenience of grocery shopping,\" henotes. \"We think that SIP accelerated the growth of Amazon Fresh and we expect customers won during the pandemic to remain customers.\" Pachter has an Outperform rating on the stock and $4,000 target, and values the U.S. grocery market opportunity at $800B.\nOther catalysts:Investors will be watching for commentary on the upcoming Prime Day date, as well as updates on Amazon Pharmacy and the CEO transition announced earlier this year.\nStock split?Until the beginning of this week, Amazon shares wereup only 5%YTD, the third best-performing component of the closely watched FAANG index (Facebook, Amazon, Apple, Netflix and Google). 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