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MarketScreener Homepage  >  Equities  >  Nasdaq  >  Amazon.com, Inc.    AMZN

AMAZON.COM, INC.

(AMZN)
  Report
Real-time Estimate Quote. Real-time Estimate Cboe BZX - 08/03 07:44:09 am
3185 USD   +0.64%
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Stocks rally on vaccine hopes, crude oil gains

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07/15/2020 | 05:26pm EDT
FILE PHOTO: Security guard wearing a face mask walks past the Bund Financial Bull statue on The Bund in Shanghai

(Recasts lead)

* COVID vaccine hopes drive risk-on sentiment

* Economic, crude oil data help growth outlook

* Simmering U.S.-Sino tensions remain a concern

NEW YORK, July 15 (Reuters) - World shares strode to four-month highs on Wednesday as hopes for a coronavirus vaccine offset rising U.S.-China tensions and also helped lift the euro and oil prices on improved sentiment.

Asian markets were choppy after more barbs between Beijing and Washington over Hong Kong, but European bourses rose almost 2% and Wall Street advanced as investors set aside concerns about the growing number of COVID cases.

An experimental vaccine produced by biotech start-up Moderna Inc showed it was safe and provoked immune responses in all 45 healthy volunteers, an early- stage trial showed on Tuesday.

A separate University of Oxford trial was also positive news, according to reports on Wednesday.

U.S. Treasury yields rose and the yield curve steepened, indicating a wider spread between long- and short-term interest rates, as the hopes for a vaccine boosted risk appetite and upbeat economic data released on Wednesday added to the optimism.

"The market is trading fairly 'risk on' on vaccine hopes," said Gennadiy Goldberg, an interest rate strategist at TD Securities in New York. "It's largely COVID news driving the price action recently."

U.S. industrial production, manufacturing output and plant capacity rose more than expected in June, and there was a bigger- than-expected draw in U.S. crude and refined products last week as demand edges up.

Adding to the enthusiasm, the Federal Reserve's Beige Book survey showed U.S. businesses saw an uptick in activity into the beginning of July as states eased restrictions to contain the pandemic.

Europe's broad FTSEurofirst 300 index rose 1.65%, as growth-sensitive sectors such as travel and leisure, miners and industrial companies led gains.

Moderna surged to a record high after its experimental drug produced high levels of virus-killing antibodies, bolstering hopes it may prove effective in later stages of testing. Moderna shares rose 6.9%.

Goldman Sachs rose after reporting its trading revenue doubled in the second quarter, driven by big swings in stock and bond markets since March.

On Wall Street, the Dow Jones Industrial Average rose 0.85%, the S&P 500 gained 0.91%, and the Nasdaq Composite added 0.59%.

Stocks that have benefited from widespread lockdowns, including Amazon.com Inc and Zoom Video Communications Inc, slid, limiting Nasdaq's gains. Amazon posted losses for a third consecutive session.

Hopes of progress this week toward a deal on the European Union's 750-billion-euro COVID recovery fund helped sentiment in Europe. The euro traded above $1.1430 for the first time since March, and Italy and Spain's bond market borrowing costs came down again.

The euro rose 0.13% to $1.1411. The European Central Bank started a two-day meeting, though no major announcement is expected when it concludes on Thursday.

Chinese shares fell 1.3% and Hong Kong ended flat after President Donald Trump ordered an end to Hong Kong's special status under U.S. law to punish China for its "oppressive actions" against the former British colony.

China's Foreign Ministry vowed to retaliate, saying, "Hong Kong affairs are purely China's internal affairs and no foreign country has the right to interfere."

Japan's Nikkei and Australia's benchmark index remained upbeat, finishing up 1.6% and 1.9%, respectively.

RED ALERT

The dollar was on the defensive, particularly against risk-sensitive currencies, following the news of progress in vaccine development.

Sweden's crown vaulted to its highest versus the greenback since February 2019 and the risk-sensitive Australian dollar popped to a one-month high at $0.70.

The yen was down 0.27% at $106.9400.

Oil rose on the sharp drop in U.S. inventories, but further gains were limited as the Organization of the Petroleum Exporting Countries and allies were set to ease supply curbs from August as the global economy recovers from the pandemic.

Brent crude settled up 89 cents at $43.79 a barrel, while U.S. crude rose 91 cents to settle at $41.20 a barrel.

Gold prices held above $1,800 an ounce as the surge in coronavirus cases and renewed U.S.-China tensions bolstered safe-haven demand, but the rally in stocks capped the advance.

U.S. gold futures added 40 cents to settle at$1,813.80. Spot gold rose 0.15% to $1,810.17.

Yields on the 10-year U.S. Treasury note rose 1.9 basis points to 0.6332%.

(Reporting by Marc Jones and Herbert Lash; additional reporting by Karen Brettell in New York; Editing by Steve Orlofsky, Richard Chang and Leslie Adler)

Stocks mentioned in the article
ChangeLast1st jan.
AMAZON.COM, INC. 3.70% 3164.68 Delayed Quote.71.26%
AUSTRALIAN DOLLAR / JAPANESE YEN (AUD/JPY) -0.39% 75.335 Delayed Quote.-0.75%
BRITISH POUND / JAPANESE YEN (GBP/JPY) -0.42% 138.111 Delayed Quote.-4.75%
CANADIAN DOLLAR / JAPANESE YEN (CAD/JPY) -0.04% 78.968 Delayed Quote.-6.73%
DJ INDUSTRIAL 0.44% 26428.32 Delayed Quote.-7.39%
EURO / JAPANESE YEN (EUR/JPY) -0.21% 124.427 Delayed Quote.2.00%
GOLD -0.62% 1970.404 Delayed Quote.30.17%
JAPANESE YEN / SWISS FRANC (JPY/CHF) 0.36% 0.8649 Delayed Quote.-3.22%
LONDON BRENT OIL -0.14% 43.33 Delayed Quote.-33.91%
MODERNA, INC. -4.55% 74.1 Delayed Quote.278.83%
NASDAQ 100 1.78% 10905.881114 Delayed Quote.24.88%
NASDAQ COMP. 1.49% 10745.274812 Delayed Quote.19.76%
NEW ZEALAND DOLLAR / JAPANESE YEN (NZD/JPY) 0.08% 70.275 Delayed Quote.-3.89%
NIKKEI 225 2.24% 22195.38 Real-time Quote.-8.23%
S&P 500 0.77% 3271.12 Delayed Quote.1.25%
THE GOLDMAN SACHS GROUP, INC. -0.79% 197.96 Delayed Quote.-13.90%
US DOLLAR / JAPANESE YEN (USD/JPY) 0.19% 106.068 Delayed Quote.-2.55%
WTI -0.14% 40.06 Delayed Quote.-34.36%
ZOOM VIDEO COMMUNICATIONS, INC. 1.56% 253.91 Delayed Quote.273.18%
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Financials (USD)
Sales 2020 368 B - -
Net income 2020 15 906 M - -
Net cash 2020 51 793 M - -
P/E ratio 2020 102x
Yield 2020 -
Capitalization 1 585 B 1 585 B -
EV / Sales 2020 4,17x
EV / Sales 2021 3,50x
Nbr of Employees 798 000
Free-Float 80,8%
Chart AMAZON.COM, INC.
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Amazon.com, Inc. Technical Analysis Chart | MarketScreener
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Technical analysis trends AMAZON.COM, INC.
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 52
Average target price 3 582,60 $
Last Close Price 3 164,68 $
Spread / Highest target 32,7%
Spread / Average Target 13,2%
Spread / Lowest Target -31,7%
EPS Revisions
Managers
NameTitle
Jeffrey P. Bezos Chairman, President & Chief Executive Officer
Brian T. Olsavsky Chief Financial Officer & Senior Vice President
Patricia Q. Stonesifer Independent Director
Thomas O. Ryder Independent Director
Jonathan Jake Rubinstein Lead Independent Director
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