Nasdaq AMZN Amazon

Tech stocks were higher late Thursday, with the Technology Select Sector SPDR Fund (XLK) rising 0.7% and the Philadelphia Semiconductor index up 0.4%.

Wall Street was mixed on Thursday as U.S. Federal Reserve Chairman Jerome Powell, in his second day of congressional testimony continued to beat a hawkish drum and suggested the central bank has not reached the end of its tightening cycle.

Tech stocks were higher Thursday afternoon, with the Technology Select Sector SPDR Fund (XLK) rising 0.3% and the Philadelphia Semiconductor index advancing 0.2%.

What happened Shares of iRobot (NASDAQ: IRBT) had fallen by 8.4% as of 11:45 a.m. ET in Thursday trading, after Reuters reported that the European Union has launched a "full-scale" antitrust investigation of Amazon's (NASDAQ: AMZN) plan to acquire the maker of Roomba vacuum-clean

In this podcast, Motley Fool senior analysts Ron Gross and Matt Argersinger discuss:

In trading on Thursday, the The Consumer Discretionary Select Sector SPDR Fund ETF is outperforming other ETFs, up about 1% on the day. Components of that ETF showing particular strength include shares of AMAZON.COM, up about 3.9% and shares of Expedia Group, up about 1.9% on

Similar to most  tech stocks, shares of Amazon ( NASDAQ:AMZN ) have outperformed the broader market and have risen significantly on a year-to-date basis. It has gained over 50% this year compared to an approximately 14% jump in the S&P 500 Index ( SPX ). While AMZN stock has appreciated quite a bit, analysts maintain a bullish stance and list multiple growth catalysts. AMZN Stock: Better Days Ahead The easing of inflationary pressure and management’s cost-cutting initiatives position AMZN well to deliver profitable growth in the coming quarters. While enterprises continue to remain cautious in their IT spending due to economic uncertainty, analysts remain upbeat and expect a rebound in the AWS (Amazon Web Services) segment (its high-margin cloud offering). On June 21,  Jefferies analyst Brent Thill raised his price target on AMZN stock to $150 from $135. The analyst maintains a bullish outlook on the company’s prospects and expects it to benefit from improving profitability, recovery in the AWS segment, and  artificial intelligence.  While AWS is likely to support growth,  JPMorgan analyst Doug Anmuth believes Amazon could become the largest U.S. retailer in 2024, surpassing Walmart ( NYSE:WMT ). Anmuth termed AMZN stock as the “Best Idea” in its sector and reiterated a Buy rating on June 20. Earlier in May,  Mizuho Securities analyst James Lee highlighted that the “AWS’ Gen-AI (Generative AI) demand has been accelerating due to its ease-of-transition and product differentiation.” Further, due to the premium pricing of AWS’ Gen-AI, it will likely support revenue and margins.  What is Amazon Stock's Price Target? The easing of inflationary cost headwinds, reacceleration in AWS’ growth rate, cost-saving measures, and benefits from AI tailwinds position AMZN well to deliver solid financial performances in the future.  AMZN stock has received 37 Buy and one Hold recommendations for a Strong Buy consensus rating. Further, the average AMZN stock price target of $138.06 implies 10.6% upside potential from current levels.  Disclosure

Russia's state communications regulator Roskomnadzor has added Amazon Web Services and 11 other foreign technology companies to a widened list of firms it wants to open local offices or face penalties and possible bans.

In early trading on Thursday, shares of Amazon.com topped the list of the day's best performing components of the Nasdaq 100 index, trading up 2.6%. Year to date, Amazon.com registers a 52.5% gain.

In early trading on Thursday, shares of NRG Energy topped the list of the day's best performing components of the S&P 500 index, trading up 3.5%. Year to date, NRG Energy registers a 10.2% gain.

Global hedge funds including Man Group and AQR Capital Management faced potential losses on their bets against Ocado after the online grocer's stock price surged on Thursday, said data and research group Breakout Point.

Amazon AMZN is gearing up for its two-day global mega summer shopping event, Prime Day, which is set to kick off on Jul 11.Notably, the company announced early deals on select Amazon devices, including Echo Show 5 (3rd Gen), Echo

Amazon's $1.7 billion acquisition of robot vacuum cleaner maker iRobot faces a full-scale EU antitrust investigation, people familiar with the matter said, weeks after the U.S. online retail giant won UK approval for the deal.

In this video, I will talk about Amazon (NASDAQ: AMZN), the FTC lawsuit regarding Amazon's deceptive Prime subscription tactics, how Amazon may surpass Walmart as the largest U.S. retailer, and why this remains my second-largest position despite macro uncertainty.

Shares of Winnebago Industries, Inc. (WGO) fell 1.3% after the company reported third-quarter fiscal 2023 revenues of $900.8 million, missing the Zacks Consensus Estimate of $950.7 million.Patterson Companies, Inc.’s (PDCO) shares

Fool.com contributor Parkev Tatevoisan discusses how Amazon (NASDAQ: AMZN) and Meta Platforms (NASDAQ: META) stand to benefit from artificial intelligence (AI) and then tells you which is the better stock to buy now.

Posting a year-to-date gain of 8.8%, visual discovery engine, Pinterest ( NYSE:PINS) is currently trading near its 52-week high level. While a top management shuffle is likely to drive growth opportunities, its recent advertising partnership with Amazon seeks to make the platform more shoppable. Also, it intends to add AI capabilities to its platform. New CFO, Amazon Partnership In May, Pinterest, the social curating website for sharing images, appointed its new CFO, Julia Brau Donnelly, replacing Todd Morgenfeld, who left the company to pursue new career opportunities. Julia earlier served at online furniture retailer Wayfair ( NYSE:W) . Analysts cheered the appointment, as clearly reflected by their reaffirmed stock ratings, citing her eCommerce expertise driving retail sales for advertisers on the Pinterest platform. D.A. Davidson and Citi had reaffirmed their Hold ratings on the stock back then. In April, Pinterest collaborated with Amazon ( NASDAQ:AMZN) for a new advertising partnership wherein advertisers are given the opportunity to post their products on Pinterest. Through this, users will navigate to the Amazon shop through a Pinterest link. This marks the company’s first step towards opening third-party ad demand on Pinterest, as indicated by CEO Bill Ready in its Q1 earnings call. Pinterest's AI Angle “We're making sure that it's additive to people's lives, not addictive, which I think has been one of the criticisms of some of what has happened with AI and social media over the last many years is that in a lot of ways it was becoming more and more addictive,” CEO Bill Ready said at a March Shoptalk retail conference in Las Vegas. Moreover, he believes that the company’s efforts and further processing around AI, combined with recent cost cuts, should drive margin expansions in 2023 amid a rough ad sales market. As a social media platform, PINS operates in an industry with peers like Facebook ( NASDAQ:META) , Snapchat ( NYSE:SNAP) , and Alphabet’s ( NASDAQ:GOOG) Google. Positive Q1, Soft Outlook Pinterest Q1, which was reported in April, saw a growth in revenue to $603 million from $575 million in the year-ago quarter as the global monthly active user base expanded to 463 million from 433 million prior. EPS came in at $0.08 ahead of analyst expectations. In May 2023, total website traffic at Pinterest grew 1.8% month-over-month to 403.85 million while on quarter-to-date basis , Q2 of 2023 (Apr-May), total unique visitors on all devices are up 24.67% year-over-year. For Q2, the company sees revenue to be in line with the growth it saw in the most recent two quarters, which is 4.6% in Q1 and 3.5% in Q4 of 2022. Operating income is estimated to grow at a low-teens percentage basis sequentially. Is Pinterest a Buy or Hold? Of the 19 top Wall Street Analysts covering PINS stock, 12 have a Hold rating while seven assign a Buy, taking the average analyst consensus rating to Moderate Buy. The average analyst price target stands at $27.56, implying a 10.7% upside potential from current levels. In early June, Wells Fargo initiated coverage of PINS with a Hold rating, assigning a price target of $23, which implies 7.6% downside potential from current levels. The analyst believes that the company must push aggressively for higher user engagement through a direct purchase or third-party retail media partnership. Last month, Piper Sandler Analyst Thomas Champion reaffirmed his Buy rating on the stock with a $31 price target implying a 24.5% upside potential from current levels. Disclosure

Large- and mega-cap technology companies have long been embracers of environmental, social, and governance (ESG) principles and that includes some companies that are not strictly classified as members of the tech sector. While ESG has been a long-running focal point for many titans of Silicon Valley and the tech space at large, related shareholder demands [...] Read more at ETFtrends.com.

Below is Validea's guru fundamental report for AMAZON.COM, INC. (AMZN). Of the 22 guru strategies we follow, AMZN rates highest using our P/B Growth Investor model based on the published strategy of Partha Mohanram. This growth model looks for low book-to-market stocks that exhi