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Nasdaq AMZN Amazon

Shift To Online Marketplaces To Help eBay's Stock?

6 years ago
Despite doubling from its March lows of this year, at the current price near $52, we believe eBay’s stock (NASDAQ: EBAY) is undervalued. eBay’s stock has rallied from $26 to $52 off the recent bottom compared to the S&P 500 which has risen by 50% from its recent bottom

3 "Expensive" Stocks That Are Historically Cheap

6 years ago
Whether you've been investing for a few months or multiple decades, it's been a buckle-up-and-hold-on sort of year. We've watched as the S&P 500 set records for the fastest bear market decline in history, as well as the quickest rebound to fresh highs from a bear market low.

ESG Investors Will Love These 3 Stocks

6 years ago
Environmental, social, and governance (ESG) investing is more than just looking at a company's balance sheet. It forces investors to think about how a company and its products are impacting the world and whether that impact is positive.

2 Top Growth Stocks You Can't Go Wrong With

6 years ago
NVIDIA (NASDAQ: NVDA) stock has more than doubled in 2020 as the graphics specialist has delivered terrific growth in its data center and video gaming businesses. Smartphone giant Apple (NASDAQ: AAPL) has also made investors substantially rich this year despite the challenges po

3 Top Tech Stocks to Buy Right Now

6 years ago
The market has been anything but predictable this year, and the wild share price swings that some investors have seen in their favored stocks over the past several months can create a wariness about buying stocks right now.

4 Reasons Levi's New Online Secondhand Store Is Genius

6 years ago
With nothing more than a passing glance, it just looks like another way of widening the company's promotional web. Recycled apparel is in vogue, so if nothing else, there's publicity value packed into the idea. The new online venture from denim apparel brand Levi Strauss (NYSE:

2 Important Investing Tips From Peter Lynch

6 years ago
Peter Lynch is second to none in terms of investing role models to glean wisdom from. In 1977, Lynch took over the Fidelity Magellan Mutual Fund with $20 million in assets under management and grew it into a $13 billion fund by 1990, with annual returns of just under 30%.

Ignore Uber, These 3 Stocks Are Better Buys

6 years ago
Uber Technologies has traveled along a rocky road since going public in May 2019, generating a lot of headlines but few profits. The business has grown in recent years, providing nearly 7 billion trips annually, but the stock has been an underachiever.

Where to Invest $10,000 Right Now

6 years ago
Of far more importance than a stock's valuation is the business's current size relative to its future potential. And with the COVID-19 pandemic reshaping the economy, lots of smaller companies could realize big upsides over the next decade by capitalizing on these disruptions to

Amazon Looks Like a Holiday Season Winner, Says Analyst

6 years ago

It is well known by now that Amazon (AMZN) has benefited immensely from COVID-19, drawing in new customers who prior to the viral outbreak had no experience of the e-commerce world. However, with the outsized demand has come the need to increase the workforce. Before the summer, Amazon hired an additional 100,000 workers and last month in anticipation of the holiday season, announced another round of hiring, intent on adding another 100,000 staff members.

While Benchmark's Daniel Kurnos believes “costs could be a potential headwind for 2H20,” the 5-star analyst points out the continued uptick in COVID-19 cases, particularly in Europe “will keep consumer demand at all-time highs for the foreseeable future.” Additionally, heading into the holiday season, Kurnos argues, Amazon has already “weathered most of the cost increases.”

The expected surge in demand means Amazon is facing some “supply headwinds,” the results of which, it is frantically trying to expand fulfillment capacity by as much as 50%, according to estimates.

What does all mean? Kurnos believes the “unabated, unprecedented ecommerce demand” sets up Amazon to be “a material share gainer this holiday period.”

“We believe the recently announced Prime Day in mid-October is less about driving consumer demand and more about spreading out the expected surge in levels of consumer spending during the holiday season,” Kurnos said. “We do expect some revenue upside in 3Q and for the full year even after taking our numbers up by 3% to 33% and 26% y/y growth, respectively.”

To this end, Kurnos reiterated a Buy rating on the shares and increased the price target from $3,675 to $3,800. The implication for investors? Upside of 15.5%. (To watch Kurnos’ track record, click here)

Amazon holds a unique position on Wall Street, with 37 analysts tracking the stock and all recommending it as a Buy. Price target upgrades keep pouring in, and the Strong Buy consensus rating is backed by a $3,758 price target, implying possible upside of 14% from current levels. (See Amazon stock analysis on TipRanks)

To find good ideas for tech stocks trading at attractive valuations, visit TipRanks’ Best Stocks to Buy, a newly launched tool that unites all of TipRanks’ equity insights.

Disclaimer: The opinions expressed in this article are solely those of the featured analysts. The content is intended to be used for informational purposes only. It is very important to do your own analysis before making any investment.

Why Is Levi Strauss & Co. Stock Up?

6 years ago
In this episode of MarketFoolery, Chris Hill chats with Motley Fool analyst Jim Gillies about the latest headlines and earning reports from Wall Street. They look at the latest earning report of a jeans company and discuss its strategy and spillover gains to other retailers. The
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