On the heels of a nice 37% gain in the company’s stock price in the past twelve months, the pressure is on for Amazon.com to deliver strongly when the e-commerce and cloud-computing giant reports fourth-quarter results on Thursday, Feb. 2. Ahead of the quarterly update, here’s a brief overview of what to watch when Amazon posts its earnings release. For Amazon’s fourth quarter, management expects the company to post strong revenue growth.
Category: Internet
Trump FCC Chair Pick Puts Net Neutrality in Crosshairs
Ajit Pai, named the new chairman of the Federal Communications Commission by President Donald Trump yesterday, is likely to seek changes to the organization’s stance on Net Neutrality. Pai was one of two commissioners to vote against the FCC’s 3-2 approval of the Open Internet Order in early 2015.
Ad Industry Expects New FCC Chair…
It’s “highly likely” that Federal Communications Commission Chairman Ajit Pai will grant the ad industry’s request to revisit tough broadband privacy rules, the Association of National Advertisers predicted today. “Chairman Pai is a very thoughtful leader who understands the critical role advertising plays as a financial foundation for the online and media marketplace,” the ANA said in a blog post hailing Pai’s appointment.
3 Stocks That Are Up 20% in January
The S&P 500 has risen less than 1% since the beginning of the year, but plenty of stocks posted double-digit gains during that time. Let’s take a closer look at three stocks that have rallied about 20% in January — Shopify provides a cloud-based e-commerce platform for small to medium-sized businesses.
Why Macy’s Is Closing Even Profitable Stores
It’s no secret that department stores are having a rough time these days. Comparable sales over the holiday season fell at nearly every major chain, and total sales at department stores dropped 5.6% last year, according to the Census Bureau.
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The anchoring bias is a pretty cruel mechanism. In investing, this happens when we “anchor” to the price of a stock at a given time — and use that as a reference point out into the future.
What Happened in the Stock Market Today
Financial stocks gained ground thanks to improving earnings results from some of the world’s biggest investment banks, and that lifted the Financial Sector Select SPDR ETF higher by 1%. On the other hand, slipping gold prices produced a 5% decline for the Direxion Daily Gold Miners Bull 3X ETF Target shares fell 6% after the retailer posted an update on its latest business trends showing that revenue over the key holiday period dropped 4.9%.
Kate Hudson Defends Fabletics: You Cana t Please Everyone
Activewear brand and online subscription retailer Fabletics was founded in 2013 by Golden Globe winner Kate Hudson under the $1 billion e-commerce ‘unicorn’ JustFab. Customers shop online, or in store, and can sign up for a unique VIP membership.
Walmart C-Suite Takes Another Hit as Uphill Battle with Amazon Rages On
Walmart Stores will reportedly promote several executives from its recently acquired Jet.com e-commerce business, as it continues a push to bolster its e-commerce offerings and compete with Amazon.com . According to an internal memo first obtained by Bloomberg, Walmart’s e-commerce CEO, Jet’s Marc Lore , announced that Jet’s chief revenue officer, Scott Hilton, will become the chief revenue officer for all of Walmart’s e-commerce operations.
Amazon’s Commitment to 100,000 New U.S. Jobs Highlights Its Relentless Growth Ambitions
While one big storyline out of this could be how the move puts the company in alignment with President-elect Donald Trump’s outspoken priority to create jobs in the U.S., there’s another narrative the announcement highlights — one that investors will appreciate: The big hiring spree reflects the aggressive growth the company believes it still has ahead of it. A quick overview of Amazon’s announcement about its expected job creation in the U.S. over the next 18 months highlights a fast-growing company without any plans to slow down.
Traditional Retailers Are Doing Even Worse Than You Think
It was a rough 2016 holiday season for brick-and-mortar retailers. Department store shares got thumped last week after Macy’s both lowered their full-year earnings guidance and said their comparable-stores sales dropped.
When Will Shopify Be Profitable?
This success has seen Shopify to grow its monthly subscription revenue at a . During this period of tremendous growth Shopify has not reported a profit, ever.
Jack Ma Bets $2.6 Billion He Can Revamp China Retail Sector
Alibaba Group Holding Ltd. pioneered shopping on the internet in China. Now it thinks it can teach old-school retailers a thing or two about real-world commerce.
Just How Far-fetched Is Alibaba’s Goal to Create One Million Jobs in the U.S.?
U.S. Chamber of Commerce estimates that trade with China already supports over 40 million jobs in the United States. Can Alibaba tack on another million? During a 40-minute meeting with President-elect Donald Trump at Trump Tower on Monday, Alibaba founder and executive chairman Jack Ma pledged to create one million jobs in the U.S. by helping small businesses sell products and services to China.
Alibaba Looks to Add Chinese Retailer Intime for $2.6 Billion
The move will help the Chinese e-commerce giant continue to blur the lines between its online and in-person locations. China’s biggest e-commerce retailer, Alibaba , said Monday it is teaming up with Shen Guojun, the founder of Chinese retailer Intime, to acquire the latter company for about HK$19.8 billion .
Macy’s Refocuses Online, but Faces a Big Deficit in the E-Commerce Race
The iconic, department store chain has announced that it will invest more of its resources on e-commerce and shut more of its physical locations. Ailing department store Macy’s , once a pillar of nearly every U.S. shopping mall, announced a restructuring plan that will revolve around refocusing more of its resources on e-commerce.
Alibaba’s Ma Meets With Trump to Talk About Creating Jobs
Alibaba Group Holding Ltd. Chairman Jack Ma met with Donald Trump on Monday to discuss how the online retailer could help create 1 million new U.S. jobs, keying in on one of the president-elect’s chief concerns amid fraught relations between China and the incoming administration. The Chinese e-commerce giant said the positions would be generated through Alibaba adding 1 million small and medium-sized U.S. businesses to its platforms, estimating that each one will hire a new person as a result of the added commerce.
How Shopify Could Become Profitable by the End of 2017
The company has beenpublicly traded for about two years, and while its growth rates have been truly impressive, its losses have continued to grow. How much longer will investors have to wait to see some earnings benefit from all of that growth? According to management in the most recent earnings callon Nov. 2., it could be as early as the end of 2017.
Will Bots Finally Start To Grow Up In 2017?
The bots we saw in 2016 were tantalizing, but they’ll need another few years to begin to live up to expectations. Last year was big for bots, as the popular definition of the software application shifted in the public’s understanding.
Alibaba Sues Sellers of Fake Swarovski Watches in Crackdown
Alibaba Group Holding Ltd. sued two vendors it said used the company’s Taobao website to sell counterfeit Swarovski watches, just weeks after the site was labeled a haven for knockoffs by U.S. regulators. The lawsuit is the first legal action taken by an e-commerce site in China against sellers of counterfeit goods and Alibaba seeks 1.4 million yuan in damages, the company said Wednesday in a statement.
China’s Used-Phone King Pushes Old Stuff to a Nation Craving New
Millions of toxic smartphones end up in landfills around the world each year. Kerry Chen thinks he can change that, starting with China — one of the worst offenders.
Alibaba cracks down on counterfeiters on their platform
Chinese e-commerce giant Alibaba has sued two vendors for selling counterfeit goods, weeks after being blacklisted by a US industry watchdog. The move comes just two weeks after the company was put back onto the US’s “notorious markets” list over failing to curb the sale of counterfeit goods.
7 Signs Amazon’s Best Days Are Ahead of It
The company has come to dominate the retail industry and is rapidly disrupting many other areas of the global economy. Yet with its stock up several hundred times in value since its 1997 IPO, you’d be excused for thinking Amazon’s days of turbocharged growth are long gone.
Broadband Carriers Urge FCC To Roll Back New Privacy Rules
Broadband carriers are urging the Federal Communications Commission to reconsider its stringent new privacy rules, which require carriers to obtain consumers’ opt-in consent before drawing on their Web-surfing data for ad targeting. In a petition filed Monday, the trade group US Telecom Association argues that carriers shouldn’t be subject to tougher rules than other Web companies — like search engines and social networking services.
China’s Sogou Targets $5 Billion IPO to Chase Rival Baidu
China’s third-biggest search engine expects to hold a U.S. initial public offering at a valuation of as much as $5 billion as it raises cash to close the gap with leader Baidu Inc. in the mobile market. Sogou, whose name means “search dog,” plans to sell about 10 percent of its shares in an IPO that will probably be held this year, Chief Executive Officer Wang Xiaochuan said in an interview.
Wal-Mart Stock History: How the Worlds Biggest Retailer Created So Much Wealth for Investors
Today, it generates almost $500 billion of sales through 11,500 locations and a large online presence. More than 260 million customers passed through Wal-Mart’s retailing doors last year.
2016’s Best CEOs
The best chief executive officers are an often-underrated source of competitive advantage. A strong leader with the vision to steer a company safely through rapidly changing business conditions can many times be the difference between a business’ success and failure.
GNC’s Stock Is Unhealthy and Unlikely to Improve for a While
The troubled, nutritional retailer closed all its bricks-and-mortar locations for a day in an effort to revamp its pricing, but its methods seem misguided. Health and nutritional store GNC may be well known for selling protein powders to help weight lifters bulk up, but there’s one other thing the company desperately needs to boost : its stock.
Amazon Voted Best Stock for 2017 by Evercore
Amazon is Evercore’s top stock pick for the upcoming year, mainly due to its position in the data science field. Shares of Amazon were slightly higher in late morning trading on Wednesday, after Evercore named the company its top stock pick for 2017, in a note released earlier today.
Alibaba Lawsuit Throws Spotlight on – Brushers’ Gaming Rankings
A lawsuit filed by Alibaba Group Holding Ltd. is shining a light on the fake reviews and purchases on its websites. China’s biggest e-commerce operator sued Shatui.com, which allegedly links merchants with people willing to falsify purchases and write positive comments that can drive sellers up Alibaba’s rankings.
Uber Mideast Rival Valued at $1 Billion After Funding Round
Dubai-based ride-hailing app Careem Networks FZ raised $350 million from investors including Japanese e-commerce giant Rakuten Inc and Saudi Telecom Co., valuing it at about $1 billion. Government controlled STC, as the company is known, will invest $100 million for a 10 percent stake in Careem as part of a $500 million fundraising round, it said Sunday.
Uber Mideast Rival Valued at $1 Billion After Fundraising Round
Dubai-based ride-hailing app Careem Networks FZ raised $350 million from investors including Japanese e-commerce giant Rakuten Inc and Saudi Telecom Co., valuing it at about $1 billion. Government controlled STC, as the company is known, will invest $100 million for a 10 percent stake in Careem as part of a $500 million fundraising round, it said Sunday.