Nasdaq AMZN Amazon

(RTTNews) - Amazon has completed its $8.45 billion acquisition of movie and TV studio MGM.

Amazon.com Inc on Thursday said it had closed its $8.5 billion deal to buy MGM, combining the fabled movie maker behind "Rocky" and "James Bond" with the online retailing giant as it looks to draw consumers through more streaming video.

Amazon.com Inc on Thursday said it was closing its $8.5 billion deal to buy MGM, combining the fabled movie maker behind "Rocky" and "James Bond" with the online retailing giant as it looks to draw consumers through more streaming video.

Tech giant Amazon (NASDAQ: AMZN) recently announced a 20-for-1 stock split. If shareholders approve the measure in an upcoming annual meeting, Amazon should begin trading on a split-adjusted basis on June 6. While the move technically does not change the underlying strength of th

In the early days of the pandemic, the S&P 500 fell over 30% in less than 30 days, then it promptly rebounded as Congress approved a sweeping stimulus package and the Federal Reserve started buying debt at an unprecedented pace. By the end of 2020, the S&P 500 was up 16.3

Looking at the underlying holdings of the ETFs in our coverage universe at ETF Channel, we have compared the trading price of each holding against the average analyst 12-month forward target price, and computed the weighted average implied analyst target price for the ETF itsel

Amazon (NASDAQ: AMZN) surprised investors earlier this month when it announced a 20-for-1 stock split. Based on the stock's approximate current price of about $3,000 per share, this split would put shares at around $150 each, making them more affordable to retail investors. In fa

The longtime streaming king has suffered a notable correction in recent months. Netflix (NASDAQ: NFLX) shares enjoyed an impressive rally starting in late March 2020 through the first half of 2021, as demand in response to the pandemic soared. With COVID-19 keeping us at home, mo

Amazon (NASDAQ: AMZN) not only pioneered the concept of online retail, but it also has become the undisputed leader in the space. While that alone should be reason enough to own the stock, Amazon has also made a name for itself by popularizing cloud computing as well as establish

It looks like we are in a market akin to the early 2000s, which saw the technology sector plummet after a years of speculative frenzy amid geopolitical turmoil.

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A common way for profitable companies to reward investors and create shareholder value is by distributing excess cash via dividends. Shareholder value, a top priority, can also be established through another strategy that’s surged recently – stock buybacks.

What happened Shares of MongoDB (NASDAQ: MDB) surged by 15% on Wednesday after the cloud database company expanded its strategic collaboration agreement with Amazon.com (NASDAQ: AMZN).

Shares of e-commerce and cloud-computing behemoth Amazon (AMZN) have been volatile as of late, following news that the stock is getting a 20-for-1 split.

That's a huge deal that will open the door to a new world of small retail investors. Indeed, splits for big tech has been some sort of trend lately, and Amazon is jumping aboard the bandwagon.

Amazon's Split and Share Repurchase Ignite a Bounce

Although splits are ultimately good for retail investors, they don't add value for existing shareholders. In essence, it's essentially cutting the same pie into 20 slices. You're not technically getting any extra pie for free.

The most exciting announcement was not the split. It was the intention of buying back $10 billion worth of shares. Share repurchases are only a good thing if a stock is undervalued. After two years of consolidation and a brutal 20%+ plunge, I view AMZN as one of the cheapest FAANG stocks today. As such, I applaud the move. I remain as bullish as ever on AMZN stock.

Investors Quick to Forget the Incredible Quarter

The company blew away its last quarter, yet most have forgotten, and the stock is right back to where it was before the remarkable reveal. Essentially, investors get the quarter for free, with the stock now moving based on events weighing down broader markets.

Fourth-quarter revenues rose a modest 9% year-over-year, a decent, albeit muted gain against some pretty tough comparisons and ongoing headwinds, including supply chain woes, labor issues, and the inflationary impact that propelled shipping costs.

Although the growth wasn't anything to write home about, it was remarkable that the firm was able to do as well as it did, given the perfect storm of headwinds for the quarter.

With one of the stickiest subscription services out there, Prime is unlikely to see too many cancellations with price increases factored in. Indeed, the company offers a nearly unmatched value proposition. This should allow Amazon to raise Prime prices with ease and help the firm move past pandemic-fuelled inflation that continues to persist.

With recent lackluster performance in the stock, I think the stage could be set for a massive earnings smash at some point down the road. Once price increases, better headwind management, and margin enhancements work their way in the numbers, Amazon stock could be in for another one of its big breakouts, perhaps before the bleak year concludes.

A Margin Push Could Be on the Way

Amazon has taken a hit to the chin, likely because of its 45.5 times trailing earnings multiple. It doesn't tell the whole story, though. Robust growth and margin metrics suggest the company is on the cusp of a sizeable push towards greater profitability, thanks to AWS and advertising.

In the latest quarter, Amazon shined a bright light on its ad business. It comprises a tiny slice of the overall revenue pie, but it's growing fast (up 32% in Q4) and could have a more influential (and positive) impact on the company's profits moving forward.

Could it be that Amazon, the priciest FAANG stock based on price-to-earnings, is actually the most undervalued? I think that's the case. Investors seem to be discounting the road ahead, which appears brighter than the one behind it.

Wall Street's Take

Turning to Wall Street, AMZN stock comes in as a Strong Buy. Out of 33 analyst ratings, there are 33 Buy recommendations. The average Amazon price target is $4192.55, implying an upside potential of ~38%. Analyst price targets range from a low of $3,600 per share to a high of $5,000 per share.

The Bottom Line on Amazon Stock

Amazon looks primed (forgive the pun) for take-off. Share buybacks confirm my view that the stock is severely undervalued.

As the company moves past headwinds, I wouldn't at all be surprised if a move towards the analyst consensus price target of ~$4,200 is in the cards once this brutal stock market sell-off concludes.

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(RTTNews) - Officials at the European Union have okayed unreservedly Amazon Inc.'s (AMZN) $8.45 billion bid to acquire movie and TV studio MGM. The European Commission's anti-trust regulators ruled that there was limited overlap between the companies and that the merger would not

Amazon.com Inc said it would counter any disruptions due to the lockdowns in Chinese cities by diverting freight to warehouses in unaffected regions, as companies rush to comply with the country's controls to curb the spread of COVID-19.

3 Top Growth Stocks To Add To Your Mid-March Watch ListGrowth stocks are arguably a hot area of the stock market to look at right now. On one hand, the sector is suffering on the year-to-date front as countless market headwinds send investors looking for more defensive plays. On

Amazon.com Inc said it would counter any disruptions due to the lockdowns in Chinese cities by diverting freight to warehouses in unaffected regions, as companies rush to comply with the country's controls to curb the spread of COVID-19.

Last month, it was Alphabet. This month, it's Amazon (NASDAQ: AMZN) becoming the latest mega-cap company to announce a stock split.