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Amazon Hit With A Rare Downgrade: Raymond James Moves From Outperform To Market Perform
Tuesday, April 25, 2017 - 9:30am | 397While many analysts and experts are predicting Amazon.com, Inc. (NASDAQ: AMZN) will boast a $1 trillion valuation, analysts at Raymond James are taking a step back. Raymond James' Aaron Kessler downgraded shares of Amazon from Outperform to Market Perform while removing a $925 price target under...
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Tread Cautiously Heading Into Market-Darling Amazon's Q1
Thursday, April 13, 2017 - 1:40pm | 350Ross Sandler of Barclays initiated coverage of Amazon.com, Inc. (NASDAQ: AMZN) in late March and suggested the stock will be worth $1 trillion one day. Despite the lofty long-term valuation, the analyst believes investors should be "treading cautiously" heading into the company's first-quarter...
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The AWS Outage Impacted A Lot More Than Amazon
Wednesday, March 1, 2017 - 9:19am | 367A massive outage at Amazon.com, Inc.'s (NASDAQ: AMZN) AWS segment on Tuesday knocked down countless websites and impacted many businesses. Amazon's stock was relatively unaffected and ended Tuesday's trading session lower by around 0.42 percent and the stock regained these losses early...
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Amazon Already Peaked, At Least According To Trip Chowdhry
Friday, February 3, 2017 - 12:50pm | 320After a mind-boggling 48,000 percent return since the 1990s, Amazon.com, Inc. (NASDAQ: AMZN)'s stock has reached its peak, at least according to Trip Chowdhry of Global Equities Research. Chowdhry commented back in December of 2016 that Amazon's stock reached its peak. Also in December, Chowdhry...
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2 Keys To Satisfying Amazon Investor Appetite
Wednesday, February 1, 2017 - 4:16pm | 306RBC Capital Markets' Mark Mahaney was a guest on CNBC and explained why he believes Amazon.com, Inc. (NASDAQ: AMZN) stock has a 15 percent upside to $950. Mahaney started off by noting the Street's expectations for Amazon's margins in the March-ending quarter are probably overly...
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Amazon Has Reached Its Peak, According To This Analyst
Thursday, December 29, 2016 - 11:47am | 343The peak in Amazon.com, Inc. (NASDAQ: AMZN) was bound to happen at some point after a 44,000 percent return since its initial public offering in the 1990s. While some among Wall Street peg Amazon's valuation tosoar as high as $1 trillion in the future, Trip Chowdhry of Global Equities...
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What Is Amazon's AWS Re:Invent Conference?
Tuesday, November 29, 2016 - 9:55am | 373Over 24,000 people are expected to attend Amazon.com, Inc. (NASDAQ: AMZN) Web Services 2016 event, re:Invent, in Las Vegas this week. Amazon has grown into a viable cloud competitor; AWS is projected to bring in more than $10 billion in revenue this year. Starting in 2012, the company’s...
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Trip Chowdhry's Top 4 Stock Picks
Friday, November 11, 2016 - 1:26pm | 478Trip Chowdhry of Global Equities Research released on Friday a list of his top four stock picks based solely on fundamentals. Top Pick: Apple Apple Inc. (NASDAQ: AAPL) is Chowdhry's top. Apple's India business as being a major growth catalyst. Senior citizens all over the world continue switching...
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Alphabet And Amazon Join The $1,000 Price Target Club At Credit Suisse
Monday, October 17, 2016 - 1:35pm | 574Previewing third-quarter results from Amazon.com, Inc. (NASDAQ: AMZN) and Alphabet Inc (NASDAQ: GOOG) (NASDAQ: GOOGL), Credit Suisse raised its price target on the shares of both companies, propelling them to the $1,000 price target club. Budget Deployment Accelerating At Alphabet Based on...
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Why You Should Remain Long Google, Amazon And Microsoft Amid Business Flows Into Public Cloud
Friday, September 9, 2016 - 10:23am | 553Alphabet Inc (NASDAQ: GOOG) (NASDAQ: GOOGL) and its Google unit are aggressively pushing into the cloud, and investors should view this as a bullish sign for the stock. Deutsche Bank's Ross Sandler commented in a research note on Thursday that his recent channel checks show Google as not only "...
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Apple, Nvidia, Tesla: Trip Chowdhry's 3 Best Stock Ideas
Friday, August 12, 2016 - 11:01am | 410Trip Chowdhry of Global Equities Research sent an e-mail to clients on Thursday in which he answered perhaps the most common question posed by investors - what are his top stock ideas. Chowdhry said his top stock ideas for 2016 have not changed. His top pick is still Apple Inc. (NASDAQ:...
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Trip Chowdhry: VMWare Is A $45 Stock
Monday, July 18, 2016 - 11:20am | 351According to Trip Chowdhry of Global Equities Research, shares of VMware, Inc. (NYSE: VMW) are overvalued and should decline to the $45 level. Chowdhry explained in his research note that VMware's business is being "squeezed" on two different fronts. The first, from SuperClouds, like Amazon.com,...
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Kevin O'Leary Willing To Go Contrarian On Amazon
Wednesday, July 13, 2016 - 7:37am | 284Kevin O'Leary is best known for being the ruthless, business savvy investor on the hit reality show "Shark Tank." He also oversees an investment management firm. On Tuesday, O'Leary was a guest on CNBC's "Debate It" segment and presented the case against owning...
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This Analyst Is Optimistic On Amazon's AWS, But Concerned About Oracle's Database Business
Friday, June 17, 2016 - 2:10pm | 284Trip Chowdhry of Global Equities Research is one of the Street's top authorities on Amazon.com, Inc. (NASDAQ: AMZN)'s AWS business, having followed the unit closely since 2009. Chowdhry commented in a note to clients on Friday that Amazon's AWS business is "focused on capturing the future," as...
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Which Companies Are Winning The Cloud Services War?
Friday, June 10, 2016 - 1:36pm | 367The cloud has emerged as the newest massive multi-billion-dollar growth frontier in the tech space. Now that the dust has completely settled on Q1, Goldman Sachs analyst Heather Bellini took a look back at which companies are dominating the cloud market and which companies are on the rise. In terms...