Yesterday, Amazon announced its acquisition of healthcare provider One Medical. This landmark deal will cost Amazon $3.9 billion, and allow them to become a primary medical care provider. But so far, the market reaction hasn’t been what Amazon was hoping for. The purchase of One Medical will grant Amazon access to over 200 brick-and-mortar [...]
It’s been a rough year for the largest e-commerce company in the world, Amazon. Share prices today have fallen to record lows over the past three years, down to just $82/share. As the company sits over 50% lower today than it did this time last year, things are changing structurally for Amazon. The company [...]
It was announced early this morning that Amazon is adding another Prime Day sale to their calendar. Prime Day has historically come once a year and has been the most lucrative day for the company - and its sellers. Revenue on Prime Day has even surpassed Black Friday/Cyber Monday sales in the past. This [...]
For years, efforts here on the homefront have been to increase US manufacturing - preventing money from going overseas. The latest in cutting back on imports comes from President Biden’s push to accelerate domestic manufacturing through legislation. The inflation reduction act (IRA) became law on August 16, 2022 and sets aside about $30 billion in [...]
Usually, news of a partnership with Amazon would bode well for a company’s stock. However, that hasn’t been the case for Rivian - one of the most anticipated EVs since Tesla. This automaker just went public in the last year - and while the stock hit the market at a high of $172 in [...]
Those looking to buy Peloton equipment and fitness gear or access to thousands of on-demand fitness classes will be excited to hear that it just got a whole lot easier. Now - the company’s offerings are available through Amazon. The fitness company struck a partnership with the e-commerce platform to grow its customer base, [...]
Nobody Analyzes Stocks Like VectorVest VectorVest issued a SELL rating for AMZN on 1/20/22 at $3,033.35, with a Value of only $1,359.13 per share. As of April 29, 2022, Amazon (AMZN) has plummeted from $3,033.25 to $2,483.00 since VectorVest's SELL rating on January 20, 2022. That’s an 18% loss in just over 3 months! [...]
It wasn’t a coincidence or happenstance that one day after I wrote last Friday’s essay about Amazon.com, (AMZN), Investor’s Business Daily, IBD, published a front page article entitled, “The Death of Retail.” Why did that happen? The common thread between VectorVest and IBD is that we publish information for stock investors, and one of the [...]
Amazon, AMZN, hit an all-time intraday high of $923.72 per share on Wednesday, April 5, 2017. It became public on May 15, 1997 at $18.00 per share, $1.50 per share after three stock splits. That’s a gain of 61,481% in less than 20 years. What a ride! We can examine this amazing ride by looking [...]
