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Look no further than the supermarket shelves or the cards in your wallet for investment ideas.
Johnson & Johnson
The Walt Disney Company
The Coca-Cola Company
PayPal Holdings, Inc.
Wells Fargo & Company
Electronic Arts Inc.
Chipotle Mexican Grill, Inc.
The Boston Beer Company, Inc.
Amazon .com may follow its American peer Facebook's footsteps in securing a slice of India’s booming telecom market. The e-commerce giant, which has invested over $6.5 billion in India, is in early-stage talks to buy a 5% stake worth at least $2 billion in Bharti Airtel, the third-largest telecom operator in India, according to unnamed sources cited by Reuters. Amazon did not respond to a request for comment.
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.
By pulling all the levers at its disposal to limit inventory, the department store chain has freed up future time and money.
All was well the first two months of the new decade before all hell broke loose, and while the global economy remains in various stages of lockdown and in recession due to you-know-what, the U.S. stock market indices have rallied to close to where they started at the onset of the year. Leading the charge in this new era are technology stocks -- specifically those helping organizations and individuals cope with shelter-in-place and work-from-home orders. Artificial intelligence (AI) was already a promising growth industry, but recent events have made the need for automation and efficient use of data more important than ever.
Amazon (NASDAQ: AMZN) is a company that continues to attract investor attention as the creative vision of CEO Jeff Bezos drives this retail stock's price to new heights. The company's success has made Amazon an expensive stock. Slowing earnings growth may not compromise the case for buying Amazon stock, but it does lead to questions about how much of the benefit will accrue to new investors going forward.
Wall Street has started June from where it ended May, with a lot of enthusiasm about long-term prospects and appetite for risky asset like equities.
For the past five-plus decades, Berkshire Hathaway (NYSE: BRK.A)(NYSE: BRK.B) CEO Warren Buffett has been in a class of his own on the investing front. According to Berkshire Hathaway's annual letter to shareholders, released in February, the per-share market value of Buffett's company has averaged a 20.3% annual gain since the beginning of 1965, compared to 10% on the nose for the benchmark S&P 500, inclusive of dividends paid. This difference may not sound jaw-dropping, but the aggregate gain over the past 55 years is 19,784% for the S&P 500 and 2,744,062% for Berkshire Hathaway.
While Amazon is the most obvious choice, there are other potentially more lucrative ways to play the online shopping boom around the globe.
General Motors Co is developing an electric van aimed at business users, joining a growing list of carmakers planning EVs for the same segment which includes customers such as Amazon.com Inc and United Parcel Service Inc, five people familiar with the plans told Reuters. GM's plan to develop an electric van has not previously been reported.
Each day, Google compiles a list of which technology topics are being queried the most by its US users over the past 24 hours in their dedicated Search engine. As of right now, the tech topic with the greatest search audience is an app called "Remove China Apps." Google tracks exactly which topics their users are most interested in on a daily basis, and the following are the most popular search queries tapped into the engine over the past 24 hours.
General Motors <GM.N> will "work very closely" with Chinese electric vehicle battery maker Contemporary Amperex Technology Ltd (CATL) <300750.SZ> as it ramps up electric production in the world's biggest auto market, a senior executive said. The Detroit automaker said in March it would invest $20 billion by 2025 in electric and automated vehicles as it races to catch up with Elon Musk's Tesla Inc <TSLA.O> in the sector. "We have already established a good working relationship and supply agreement with CATL," said Julian Blissett, GM's China president.
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.
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."
Shares of Chipotle Mexican Grill (NYSE: CMG) rose 14.3% in May, according to data provided by S&P Global Market Intelligence. In March, monthly comparable-restaurant sales only fell 16% year over year, pretty remarkable for a restaurant chain with no open dining rooms. All told, Chipotle was still profitable in Q1.
The most beaten up stock, such as travel and leisure names, continue to rally even though stock market futures are down Thursday morning.
Nearly three dozen former Facebook Inc. employees, dismayed with Mark Zuckerberg’s hands-off policy on President Donald Trump’s posts and his defensive posture on the matter, forcefully pushed back in a stinging letter released Wednesday.
Futures slashed losses as the ECB expanded stimulus, boosting the coronavirus stock market rally. Tesla rival Nio jumped again on May deliveries.
Worried about the present day troubles? Our call of the day, from Brad Neuman, director of market strategy at equities manager Alger, says we’re at the start of a technological revolution.