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Millennials will advance in their careers, achieve peak income, accumulate stronger purchasing power, which will increase their influence in the consumer marketplace. Companies that can adapt to millennials' spending preferences will be able to thrive and profit.
AvalonBay Communities, Inc.
Essex Property Trust, Inc.
Mid-America Apartment Communities, Inc.
Expedia Group, Inc.
Camden Property Trust
Apartment Investment and Management Company
ANGI Homeservices Inc.
Independence Realty Trust, Inc.
Pandora Media, Inc.
In India, it's Google and Walmart-owned PhonePe that are racing neck-and-neck to be the top player in the mobile payments market, while Facebook remains mired in a regulatory maze for WhatsApp Pay’s rollout. Google Pay had more than 75 million transacting users last month, ahead of PhonePe’s 60 million users, people familiar with the companies’ figures told TechCrunch. In comparison, SoftBank -backed Paytm's app saw 30 million transacting users last month and an average of 10 million users transacted each day, people familiar with the matter said.
Snap announced this morning that it will not be promoting content from President Trump's Snapchat account in its Discover tab following statements from Trump last week on Twitter, which threatened that protestors could be met with “vicious dogs” and “ominous weapons." The move is notable for many reasons, but is particularly interesting because social media platforms have tended to only discipline popular accounts when they've violated the rules on their own platform. Snapchat users will still be able to access content from Trump's feed if they subscribe to it or search specifically for the account.
Shares of Monster Beverage (NASDAQ: MNST) went up 16.3% in May, according to data provided by S&P Global Market Intelligence. The energy drink company saw continued demand for its portfolio of beverages during the first quarter, though growth may stumble temporarily due to weaker demand in April. Monster Beverage released a strong set of numbers in early May for its first-quarter 2020 earnings report.
US President Donald Trump appears as the first result of suggested accounts when users type "racist" into Twitter's people search, it emerged Wednesday. Trump has more than 80 million followers, although there is much dispute about how many of them are genuine, active human Twitter users. Analysts said the news suggests Trump opponents, more than critics of any other Twitter account, have been labeling him as racist, although the social media giant itself did not confirm this was the case.
Nearly three dozen former employees from Facebook's <FB.O> early days on Wednesday blasted Chief Executive Mark Zuckerberg's decision not to act against incendiary posts by U.S. President Donald Trump as "cowardly" and a "betrayal" of company ideals. The open letter, initially reported by the New York Times, deepened a crisis facing Facebook's leadership team, who had to defend their decision at a tense all-hands meeting the day prior following an employee walkout over the issue. Criticism of Zuckerberg's hands-off approach to speech by political leaders crescendoed last week, after rival social network Twitter began putting warning labels on several Trump tweets that the platform said contained misleading information and glorified violence.
Amazon.com Inc <AMZN.O> has been sued for allegedly fostering the spread of the coronavirus by mandating unsafe working conditions, causing at least one employee to contract COVID-19, bring it home, and see her cousin die. The complaint was filed on Wednesday in the federal court in Brooklyn, New York, by three employees of the JFK8 fulfillment center in Staten Island, and by family members. One employee, Barbara Chandler, said she tested positive for COVID-19 in March and later saw several household members become sick, including a cousin who died on April 7.
Powerfully rising demand is hampering Amazon's ability to fulfill orders rapidly, leading the company to throttle back availability of faster delivery methods and adopt other measures to try to ease the pressure on its supply chain. Out of the dozen cargo jets newly leased from Air Transport Services Group (NASDAQ: ATSG) one is already in Amazon's hands and in use. Amazon Global Air VP Sarah Rhoads remarked about the leases, "During a time when so many of our customers rely on us to get what they need without leaving their homes, expanding our dedicated air network ensures we have the capacity to deliver what our customers want: great selection, low prices and fast shipping speeds."
Facebook (FB) closed at $230.16 in the latest trading session, marking a -1.1% move from the prior day.
In this episode of MarketFoolery, Chris Hill chats with Motley Fool contributor Dan Kline about the latest news from Wall Street. They've got a retailer with an impressive e-commerce sales number.
“[Our] problems as a nation run much deeper than one horrible event,” McMillon said, adding, “Until, we as a nation, confront and address these hard realities, we will never achieve the best of what we can be.”
Fitbit (NYSE: FIT) today announced it has developed a high-quality, low-cost, easy-to-use emergency ventilator, Fitbit Flow, which has obtained Emergency Use Authorization (EUA) from the U.S. Food & Drug Administration (FDA) for use during the COVID-19 public health emergency.
Amazon Air expands aircraft fleet with the lease of 12 Boeing 767-300 aircraft, bringing its total network to over 80 aircraft by the end of 2021.
Shares of Expedia Group (NASDAQ: EXPE) jumped as much as 6.6% in trading Wednesday, as travel data appeared to be indicating a rise in consumer activity. The market is up today, with the S&P 500 rising 1.3% as of 3 p.m. EDT today, so travel stocks like Expedia are following the broad trend moving stocks higher. The Transportation Security Administration (TSA) said that the number of travelers going through checkpoints hit 353,261 on Monday, the most since March 22, and more than triple the volume of April's lows.
Amazon (NASDAQ:AMZN) is gearing up to run a sale in June as a way to shore up business for sellers that have suffered under the weight of the COVID-19 pandemic. An Amazon spokesperson told CNBC the sale will include big and small fashion brands that sell on the tech stock's platform. Last month Amazon began accepting normal inventory into its warehouses but there are still longer than usual delivery times.
The current price action is less of an indictment on the morality of investors and more of a calculated gamble that the economy is poised to rebound as lockdowns end.
AT&T (NYSE: T) launched HBO Max last week with a couple big missing pieces: You can't watch it on Roku (NASDAQ: ROKU) devices or Amazon's (NASDAQ: AMZN) Fire TV products. CEO of AT&T's Otter Media division, Tony Goncalves, explained the dispute between HBO Max and Roku and Amazon in an interview with The Verge.
The online retailer's sales didn't grow nearly as much as competitors' online sales last quarter.
The Southeast Asian e-commerce, gaming, and digital payments company is benefiting from the strong digital economy.
Microblogging veteran Twitter (NYSE: TWTR) is under new leadership. Chairman Omid Kordestani stepped down from his post on June 1 and former Google CFO Patrick Pichette has taken his place. What's new? Pichette also serves as chairman of Twitter's audit committee and a member of the board's compensation committee.
Many companies have been trying to beef up their balance sheets in the face of the ongoing COVID-19 pandemic, which has created considerable global macroeconomic uncertainties. Following other bond issuances in the tech sector like T-Mobile and Apple in recent months, Amazon.
Amazon.com Inc. (AMZN) said it is leasing an additional 12 Boeing (BA) 767-300 converted cargo aircraft as the e-commerce giant seeks to make delivery times faster amid an increase in online orders.One of the new aircraft joined Amazon’s air cargo operations in May, and the remaining 11 are expected to be delivered in 2021. These aircraft will be added to Amazon’s existing fleet of 70 aircraft.“Amazon Air is critical to ensuring fast delivery for our customers – both in the current environment we are facing, and beyond,” said Sarah Rhoads, VP of Amazon Global Air. “During a time when so many of our customers rely on us to get what they need without leaving their homes, expanding our dedicated air network ensures we have the capacity to deliver what our customers want: great selection, low prices and fast shipping speeds.”In addition, Amazon announced that it will open new regional air hubs at Lakeland Linder International Airport in Florida later this summer and at San Bernardino International Airport next year, along with the central Amazon air hub at the Cincinnati/Northern Kentucky International Airport in 2021.Last month, Amazon Air started gateway operations at Austin-Bergstrom International Airport in Austin, Texas, and Luis Muñoz Marín International Airport in San Juan, Puerto Rico.Since its inception in 2016, the e-commerce company has invested hundreds of millions of dollars and created thousands of new jobs at Amazon Air locations across the U.S., the company said.Shares in Amazon have jumped 48% since mid-March as stay-at-home orders during the coronavirus pandemic have been good for business. Demand for its products has surged, with the internet colossus expanding operations during lockdown and responding to consumers’ needs, many of which switched to online retail for the first time during the global crisis.The stock closed little changed at $2,478.40 in Wednesday’s trading.Five-star analyst Eric Sheridan this month reiterated a Buy rating on the stock with a bullish $3,000 price target forecasting shares are poised to gain another 21% over the coming year.Sheridan believes that the change COVID-19 has brought about for consumer shopping, media consumption & cloud demands will not only be beneficial during shelter-in-place orders but also create “sustained long-term behaviors that are likely pulling forward prior multi-year industry adoption curves into 20/21”."We see AMZN as benefitting in terms of rev growth over the near to medium term and see most of the areas of incremental growth (scaled benefits of larger wallet share, 3P (especially FBA) shifts, media consumption, Prime sub, ad & cloud) as all accretive to medium to long term margin structure," Sheridan wrote in a note to investors.Overall, Wall Street analysts have a bullish outlook on Amazon. The stock scores 38 Buy ratings versus 2 Hold and 1 Sell rating adding up to a Strong Buy consensus. The $2,678.72 average price target is less aggressive than Sheridan’s but still implies 8% upside potential in the coming 12 months. (See Amazon stock analysis on TipRanks).Related News: Amazon’s Jeff Bezos Invests In UK Freight Startup Beacon Apple Snaps Up AI Startup Inductiv, As Analysts Boost PTs On Store Reopenings KKR Invests $1.5 Billion in Reliance’s Jio Platforms In Biggest Deal In Asia More recent articles from Smarter Analyst: * Inovio Suing Suppliers Over Covid-19 Vaccine Production * S&P; Cuts American Airlines’ Credit Rating To 'B-' from 'B' On Cash Flow Deficit Concern * FedEx Adding Temporary Surcharges As Covid-19 Pressures Mount * Uber CEO Reveals Pickup In May Rides As Covid-19 Restrictions Ease