Amazon (AMZN) / Jeff Bezos 02 (Nov 18 - Dec 26)

Re: Amazon (AMZN) / Jeff Bezos

Postby behappyalways » Fri May 01, 2020 4:10 pm

Amazon Says It May Lose Money During Coronavirus as It Increases Spending on Logistics and Worker Safety
https://time.com/5830595/amazon-coronavirus-loss/
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Re: Amazon (AMZN) / Jeff Bezos

Postby winston » Fri May 15, 2020 9:15 am

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Sixth confirmed Amazon worker dies amid calls for the company to release data on coronavirus infections

by Annie Palmer

Source: CNBC

https://www.cnbc.com/2020/05/14/sixth-c ... KW,3ZWUS,1
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Re: Amazon (AMZN) / Jeff Bezos

Postby behappyalways » Mon Jun 22, 2020 6:07 pm

The genius of Amazon

The pandemic has shown that Amazon is essential—but vulnerable
Jeff Bezos's vision of a world shopping online is coming true faster than ever. But the job of running Amazon hasn’t got any easier

IN THE SUMMER of 1995 Jeff Bezos was a skinny obsessive working in a basement alongside his wife, packing paperbacks into boxes. Today, 25 years on, he is perhaps the 21st century’s most important tycoon: a muscle-ripped divorcé who finances space missions and newspapers for fun, and who receives adulation from Warren Buffett and abuse from Donald Trump.

Amazon, his firm, is no longer just a bookseller but a digital conglomerate worth $1.3trn that consumers love, politicians love to hate, and investors and rivals have learned never to bet against.

Now the pandemic has fuelled a digital surge that shows how important Amazon is to ordinary life in America and Europe, because of its crucial role in e-commerce, logistics and cloud computing (see article).

In response to the crisis, Mr Bezos has put aside his side-hustles and returned to day-to-day management. Superficially it could not be a better time, but the world’s fourth-most-valuable firm faces problems: a fraying social contract, financial bloating and re-energised competition.

The digital surge began with online “pantry-loading” as consumers bulk-ordered toilet rolls and pasta. Amazon’s first-quarter sales rose by 26% year on year. When stimulus cheques arrived in mid-April Americans let rip on a broader range of goods.

Two rivals, eBay and Costco, say online activity accelerated in May. There has been a scramble to meet demand, with Mr Bezos doing daily inventory checks once again.

Amazon has hired 175,000 staff, equipped its people with 34m gloves, and leased 12 new cargo aircraft, bringing its fleet to 82. Undergirding the e-commerce surge is an infrastructure of cloud computing and payments systems. Amazon owns a chunk of that, too, through AWS, its cloud arm, which saw first-quarter sales rise by 33%.

One question is whether the digital surge will subside. Shops are reopening, even if customers have to pay at tills shielded by Perspex. Yet the signs are that some of the boom will last, because it has involved not just the same people doing more of the same. A new cohort has taken to shopping online.

In America “silver” customers in their 60s have set up digital-payment accounts. Many physical retailers have suffered fatal damage. Dozens have defaulted or are on the brink, including J Crew and Neiman Marcus. In the past year the shares of warehousing firms, which thrive on e-commerce, have outperformed those of shopping-mall landlords by 48 percentage points.

All this might appear to fit the script Mr Bezos has written over the years in his letters to shareholders, which are now pored over by investors as meticulously as those of Mr Buffett. He argues that Amazon is in a perpetual virtuous circle in which it spends money to win market share and expands into adjacent industries.

From books it leapt to e-commerce, then opened its cloud and logistics arms to third-party retailers, making them vast new businesses in their own right. Customers are kept loyal by perks such as Prime, a subscription service, and Alexa, a voice-assistant.

By this account, the new digital surge confirms Amazon’s inexorable rise. That is the view on Wall Street, where Amazon’s shares reached an all-time high on June 17th.

Yet from his ranch in west Texas, Mr Bezos has to wrestle with those tricky problems. Start with the fraying social contract. Some common criticisms of Amazon are simply misguided. Unlike, say, Google in search, it is not a monopoly.

Last year Amazon had a 40% share of American e-commerce and 6% of all retail sales. There is little evidence that it kills jobs. Studies of the “Amazon effect” suggest that new warehouse and delivery jobs offset the decline in shop assistants, and the firm’s minimum hourly wage of $15 in America is above the median for the retail trade.

But Amazon’s strategy does imply huge creative disruption in the jobs market even as the economy reels. In addition, viral outbreaks at its warehouses have reignited fears about working conditions: 13 American state attorneys-general have voiced concern. And Amazon’s role as a digital jack-of-all-trades creates conflicts of interest.

Does its platform, for example, treat third-party sellers on equal terms with its own products? Congress and the EU are investigating this. And how comfortable should other firms be about giving their sensitive data to AWS given that it is part of a larger conglomerate which competes with them?

Amazon’s second problem is bloating. As Mr Bezos has expanded into industry after industry, his firm has gone from being asset-light to having a balance-sheet heavier than a Soviet tractor factory. Today it has $104bn of plant, including leased assets, not far off the $119bn of its old-economy rival, Walmart.

As a result, returns excluding AWS are puny and the pandemic is squeezing margins in e-commerce further. Mr Bezos says the firm can become more than the sum of its parts by harvesting data and selling ads and subscriptions. So far investors have taken this on trust.

But the weak e-commerce margins make it harder for Amazon to spin off AWS. This would get regulators off its back and liberate AWS, but would deprive Amazon of the money-machine that funds everything else.

Mr Bezos’s last worry is competition. He has long said that he watches customers, not competitors, but he must have noticed how his rivals have been energised by the pandemic. Digital sales at Walmart, Target and Costco probably doubled or more in April, year on year.

Independent digital firms are thriving. If you create a stockmarket clone of Amazon lookalikes, including Shopify, Netflix and UPS, it has outperformed Amazon this year. In much of the world regional competitors rule, not Amazon; among them are MercadoLibre in Latin America, Jio in India and Shopee in South-East Asia. China is dominated by Alibaba, JD.com and brash new contenders like Pinduoduo.

The world’s most admired business is thus left having to solve several puzzles. If Amazon raises wages to placate politicians in a populist era, it will lose its low-cost edge. If it spins off AWS to please regulators, the rump will be financially fragile. And if it raises prices to satisfy shareholders its new competitors will win market share.

Twenty-five years on, Mr Bezos’s vision of a world that shops, watches and reads online is coming true faster than ever. But the job of running Amazon has become no easier, even if it no longer involves packing boxes.

Source: The Economist
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Re: Amazon (AMZN) / Jeff Bezos

Postby winston » Sat Jul 25, 2020 8:18 pm

Blue-Chip Stocks to Buy: Amazon (AMZN)

Unless you have been living under a rock for the past decade, you have a good idea what a massive force this company has been, not only for retail, but also in the cloud computing space.

Remember, that even today, its Amazon Web Services (AWS) division makes up a lion’s share of the company’s overall operating profits and it continues to outpace the growth of the overall company.

Combine that with the massive revenue the retail and advertising sectors add and you have massive, cash-rich juggernaut.

And during the pandemic lockdowns, AMZN demand grew significantly.

AMZN stock is up 63% year to date for good reason. And that momentum hasn’t slowed.

Source: Investor Place
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Re: Amazon (AMZN) / Jeff Bezos

Postby winston » Sat Jul 25, 2020 8:24 pm

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Amazon Garners Price Target Increase to $3,400 on Strength in Pandemic

The longer that consumers remain sheltered in place, the higher the likelihood that online buying will become an established habit, according to Credit Suisse.

by DAN WEIL

Amazon.com (AMZN) - shares firmed Friday, even while the Nasdaq Composite index fell, after Credit Suisse analyst Stephen Ju raised his share-price target for the retail colossus to $3,400 from $2,760.

Ju kept his rating at outperform. Amazon’s strength amid the coronavirus pandemic led him to increase his price target.

Ju lifted his growth forecast for Amazon’s gross merchandise volume (GMV), excluding currency effects, to 28% year-on-year in the second quarter from 21% previously.

GMV is the total amount of sales done on Amazon websites, including those sold by the company itself and by members of its marketplace.

Amazon recently traded at $3,007, up 0.68%, compared to a 0.69% decline for the Nasdaq Composite.

Ju boosted his GMV forecast “on stronger e-commerce growth stemming from the ongoing effects of the current health crisis,” he wrote in a commentary.

“The longer consumers remain under shelter-in-place, the higher the likelihood of the new behaviors learned during quarantine to become newfound habits.”

By “habits,” he was referring to online buying. The pandemic has closed stores and kept consumers at home, leading to a surge in online purchases.

For the long term, “this potential change in habit is most important for Amazon’s groceries effort, as it remains the largest pool of offline dollars for online adoption,” Ju wrote.

“And with higher GMV estimates come higher fulfillment capacity investment requirements. We have hence raised our e-commerce segment capital expenditure estimates for 2020/2021 to $17.5b for both years,” compared to prior estimates of $16.5 billion and $11 billion, respectively, Ju added.

Amazon shares have soared 62% year to date.

Slource: The Street

https://www.thestreet.com/investing/ama ... n+Pandemic
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Re: Amazon (AMZN) / Jeff Bezos

Postby winston » Sun Jul 26, 2020 7:56 am

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Amazon (AMZN)

Tech companies have been the market darlings of the pandemic, but if we were to crown a winner, it would be the e-commerce behemoth Amazon.

The onset of the pandemic led to a pantry-loading frenzy and Amazon was at the forefront of this e-commerce boost. With control of over 44% of the online market, the growth in online sales led the stock price to new highs.

In 2020, Amazon stock surged 73%, which came as a result of changing consumer habits during the pandemic. But the company, known for its disruptive behavior, did not sit on its accomplishments but used the online boom as an opportunity to diversify its business model.

The tech giant is investing heavily in Amazon Web Services (AWS), the cloud computing arm of the business. The company hopes to secure global contracts in this space which could lead to potential revenue in billions in the coming years.

This is alongside Amazon’s other ventures such as the acquisition of Zoox, which will help streamline its delivery service with driverless cars, along with a $2 billion investment in clean energy to reduce the impact of climate change. This investment comes after the tech giant was criticized for its large carbon footprint.

Amazon’s diversified business model opens up more streams of income for this powerful tech company. This growth stock is already a favorite among investors, although some analysts remain wary of its elevated valuation. Nevertheless, Amazon stock does provide buyers with long-term sustainable growth.

Source: Trade Of The Day
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Re: Amazon (AMZN) / Jeff Bezos

Postby behappyalways » Sat Aug 01, 2020 6:05 pm

Very good result

Amazon.com Inc. Chief Executive Jeff Bezos promised to spend expected profits amid a huge boost in sales related to the COVID-19 pandemic, but sales grew so fast that he ended up with record earnings instead.


Amazon promised to spend its profit amid pandemic, but ended up with record earnings anyway
https://www.marketwatch.com/story/amazo ... 2020-07-30
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Re: Amazon (AMZN) / Jeff Bezos

Postby winston » Sat Aug 01, 2020 8:59 pm

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Amazon:

Amazon AMZN posted revenue of $89 billion against estimates of $81 billion, with the actual results rising 40% year-over-year.

Amazon Web Services revenue came in at $10.8 billion, missing estimates of $11 billion, but still growing 28%. The strength was seen in an explosive e-commerce result, which got a boost from the at-home environment.

Some may have been skeptical that this tailwind was one-time and may not be appropriate to be modeled into estimates for multiple years out.

But Amazon tempered that fear, issuing guidance for the third quarter that calls for $90 billion in revenue, up 30% year-over-year.

That's just above where revenue had been growing in the past few quarters. Analysts were looking for Q3 revenue of $86 billion.

Amazon also sometimes favors customer acquisition and the ability to meet demand over profitability over the short-term. But against expectations for an operating margin of 1.4%, the company delivered a 6.5% margin and guided for strength in profitability ahead. Without safety-related costs, the margin would have been in the double digits.

Earnings per share for the reported quarter was $10.30 against estimates of $5.70, with the actual result growing 97%.

"COVID-19 has been like injecting Amazon with a growth hormone and is driving sales expansion in ways that even the rollout of one-day Prime shipping was not able to," wrote D.A. Davidson & Co. analyst Tom Forte in a note.

And a raised price target by 15% came from RBC Capital Markets analyst Mark Mahaney, who lifed his target multiple on 2022 EBITDA (earnings before interest, tax and non-cash expenses).

Up 4% Wednesday, Amazon trades at just under 100 times next year's earnings, although investors are becoming more willing to pay that multiple as the company's growth opportunities relentlessly expand.

Source: The Street
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Re: Amazon (AMZN) / Jeff Bezos

Postby behappyalways » Tue Aug 04, 2020 5:48 pm

2020.08.02【文茜世界財經周報】民主黨稅改草案 挑明針對富人企業而來
https://www.youtube.com/watch?v=xlRt50L8cqk
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Re: Amazon (AMZN) / Jeff Bezos

Postby behappyalways » Thu Aug 06, 2020 3:05 pm

Bezos sells more than $3 billion in Amazon shares
https://www.cnbc.com/2020/08/05/bezos-s ... hares.html
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