CNBC combed through Wall Street research over the last week to see what stocks are feeling the Amazon effect.
div > div.group > p:first-child"> Many Wall Street analysts this week from various industries made note of Amazon disrupting the companies they cover.
"Costco faces the Amazon wall of worry, yet we believe their sticky membership model creates loyalty which can drive sales and profits higher for years to come... Positive ticket trends, solid digital growth, and additional lift in renewal rate are all reasonable on a 12-18 month outlook," said Evercore ISI analyst Greg Melich who recently initiated coverage on the stock as outperform.
In an interview on CNBC's Mad Money, Jim Cramer asked FedEx CEO Fred Smith why the company brought up Amazon on the earnings conference call at all. Smith said FedEx felt compelled to bring up Amazon on the call after CNBC reported that Amazon could take market share away from the company."We certainly don't mean to be defensive, but we do think we need to answer provocative questions when they're raised, including those brought up by CNBC," Smith said.
"Valuations for both stocks has come under significant pressure in the past year, likely fueled by macroeconomic concerns and perceived competitive threats from Amazon... While we agree recently softer transport data suggests softer macro outcomes early in 2019 we think current valuation levels, especially in FedEx shares, more than compensates for potentially slower earnings outcomes...
Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Stock market's fourth-quarter crash and comeback draws comparisons on Wall Street to '87, '95Right now, Wall Street is spending a lot of time debating what year from the past looks most like 2019 – and what that means for the market outlook.
Weiterlesen »
FedEx stock falls after company misses Wall Street Q3 viewsShares of FedEx Corp. fell more than 3% in the extended session Tuesday after the logistics company missed Wall Street's expectations for its fiscal third...
Weiterlesen »
Micron stock ticks higher as results top lowered Wall Street expectationsMicron Technology Inc. shares ticked higher in the extended session Wednesday after the memory chip maker topped lowered Wall Street expectations. Micron...
Weiterlesen »
Wall Street Is All In on Amazon’s StockAll 40 analysts with ratings surveyed by FactSet now have the company rated a Buy.
Weiterlesen »
Forget Falling Chip Prices, Micron Stock Is CheapEven though chip prices continue to fall, the big chip maker’s shares are oversold amid early signs of stabilization.
Weiterlesen »
Wall Street treads water as Boeing, Facebook weigh; Fed meeting on tapU.S. stocks flitted between gains and losses on Monday, with losses in Boeing an...
Weiterlesen »
Wall Street bull Julian Emanuel predicts 'unadulterated performance chase' toward all-time highsBTIG's Julian Emanuel predicts financials bolstered by a Brexit deal will lead the next leg of 2019's rally.
Weiterlesen »
Wall Street opens higher as Fed expected to hold fireU.S. stocks opened higher on Tuesday as investors expected a more accommodative ...
Weiterlesen »
Hopes of Fed standing pat on rate hikes drive Wall Street higherWall Street's main indexes climbed on Tuesday, as investors hoped for a mor...
Weiterlesen »
Wall Street gives up gains on news of troubled trade talksThe benchmark S&P 500 index ended little changed on Tuesday as investor optimism...
Weiterlesen »