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

AMAZON.COM, INC.

(AMZN)
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Take Five: Deal or no deal

11/23/2020 | 04:24am EST
Small toy figures are seen in front of a Brexit logo in this illustration picture

(Reuters) - -

1/ STICKY TALKS

Britain and the European Union are said to be on the verge of clinching a post-Brexit trade deal that would regulate their relationship after the transition period ends on Jan. 1, 2021 -- six weeks away.

Diplomats say three sticking points remain and EU leaders are stressing the need to prepare for a no-deal. Brexit deadlines have come and gone several times in the past, but negotiators are making a final push and the consensus is London and Brussels will come to some sort of agreement - possibly a bare-bones deal with details to be decided down the line.

Recent gains in sterling and UK stocks imply assets are pumped up by hopes of a COVID-19 vaccine and a Brexit deal. They could be in for a rocky ride.

-Direct Brexit talks suspended after EU team member tests COVID positive

-EU deal is far from certain, UK PM Johnson tells ministers

(Graphic for - Brexit: a rollercoaster ride for the pound:

)

2/SHOPPING SIGNALS

In a typical year, U.S. shoppers would be gearing up for "Black Friday," the kick-off event for the holiday season. But this is 2020. Surging coronavirus cases make the familiar scenes of consumers crowding into stores to snap up bargains unlikely.

Oxford Economics expects holiday sales to rise only 0.6% from a year ago due to a confluence of COVID-19, suffering incomes and a weak job market. Macy's expects a tough time with a possible 20% sales decline over the fall.

Retailers aren't all gloomy: Walmart forecasts a promising holiday season. Upcoming earnings from Nordstrom, Gap and Dollar Tree will offer more pointers.

The Solactive-ProShares Bricks and Mortar Retail Store index slightly outperformed the S&P500 this year, but that pales against a 70% jump at Amazon, the winner of the stay-at-home economy. -Walmart forecasts promising holiday season as online sales soar-Does vaccine promise put U.S. consumers in a shopping mood? Retailers may have clues

(Graphic for:

)

3/ PMI PESSIMISM

Flash readings of November business activity from Europe and the United States on Monday will reveal just how bad the damage was from the resurgent coronavirus and the restrictions imposed to contain it.

German service sector activity has contracted faster this month, IHS Markit's flash services Purchasing Managers' Index showed on Monday.

Having bounced off the initial COVID-19 trough, global PMIs are again teetering around 50 - the barrier between expansion and contraction.

The hit this time shouldn't be as severe, with restrictions less harsh and businesses better prepared. But if market reaction to the latest weaker-than-expected U.S. data is anything to go by, investors may err on the side of caution until a vaccine is rolled out, fiscal stimulus in Europe and the U.S. is confirmed and signs of a rebound are entrenched.

- COVID-19 lockdown hurts Germany's services sector - PMI

-Facing gloomy outlook, Lagarde calls for unlocking EU aid

(Graphic for Global PMIs brace for hit from the second coronavirus wave: https://fingfx.thomsonreuters.com/gfx/mkt/dgkvlajnxpb/PMIs1911.PNG)

4/ WON WATCH

South Koreans are watching for a strengthening currency. No one expects the Bank of Korea to do much about already record- low interest rates when it meets on Thursday.

Instead, all eyes are on currency markets, where the central bank is believed to be selling the won to stop it hitting 1,100 per dollar - a line that may bring pain to an economy riding on tech exports.

Other countries face a similar dilemma. Asia's quick rebound from the pandemic and higher yields, coupled with a slower pace of investment and imports create a goldilocks-like balance of payments tailwind for currencies.

Authorities in Thailand and China are also actively massaging gains in the baht and yuan. Indonesia and the Philippines have used the opportunity to deliver surprise rate cuts this month.

-UPDATE 1-Thai cenbank announces series of measures to contain baht rise

-S.Korea c.bank seen buying dollars to curb won's gain -FX dealers

(Graphic for Asia current accounts:

)

5/ A BIT MORE?

Bitcoin has soared more than 150% this year, to within touching distance of the 2017 record highs of around $20,000. Many expect the rally to end in tears, as it did three years ago when bitcoin crashed 50% within a month.

Others differ: Calling it the new gold, Citi analyst Tom Fitzpatrick predicted bitcoin would soar past $300,000 within 12 to 24 months. Bitcoin fans cite improved market infrastructure, a greater mainstream investor presence and better liquidity for why they think this rally has legs.

While central banks are in full money-printing mode, bitcoin supply is capped. But it's still a volatile, retail-dominated market with patchy regulation and frequent hacks. For now, the bulls appear in command.

-Bitcoin is the new gold

-Inflation-hedge, risk-on bet: What's behind bitcoin's 2020 rally?

(Graphic for :

)

(Reporting by Lewis Krauskopf in New York, Dhara Ranasinghe, Tommy Wilkes, Tom Wilson in London and Vidya Ranganathan in Singapore. Compiled by Sujata Rao, edited by Karin Strohecker, Larry King)


© Reuters 2020
Stocks mentioned in the article
ChangeLast1st jan.
AMAZON.COM, INC. 0.32% 3195.34 Delayed Quote.72.92%
BITCOIN - EURO -0.64% 14315.795 Real-time Quote.122.53%
DJ INDUSTRIAL 0.13% 29910.37 Delayed Quote.4.67%
DOLLAR TREE, INC. -1.64% 109.9 Delayed Quote.16.85%
EURO / BRITISH POUND (EUR/GBP) 0.01% 0.89851 Delayed Quote.5.49%
EURO / THAI BAHT (EUR/THB) -0.01% 36.229 Delayed Quote.8.12%
IRIDIUM COMMUNICATIONS INC. 1.32% 32.92 Delayed Quote.31.86%
NASDAQ 100 0.87% 12258.211779 Delayed Quote.39.15%
NASDAQ COMP. 0.92% 12205.846315 Delayed Quote.34.79%
NEW GOLD INC. 1.30% 2.34 Delayed Quote.100.87%
NORDSTROM, INC -2.48% 26.73 Delayed Quote.-34.69%
S&P 500 0.24% 3638.35 Delayed Quote.12.62%
UNITED STATES DOLLAR (B) / CHINESE YUAN IN HONG KONG (USD/CNH) 0.05% 6.5734 Delayed Quote.-5.64%
US DOLLAR / THAI BAHT (USD/THB) 0.00% 30.3 Delayed Quote.1.83%
WALMART INC. -0.15% 151.6 Delayed Quote.27.57%
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Financials (USD)
Sales 2020 380 B - -
Net income 2020 18 068 M - -
Net cash 2020 44 305 M - -
P/E ratio 2020 92,1x
Yield 2020 -
Capitalization 1 603 B 1 603 B -
EV / Sales 2020 4,10x
EV / Sales 2021 3,43x
Nbr of Employees 798 000
Free-Float 81,7%
Chart AMAZON.COM, INC.
Duration : Period :
Amazon.com, Inc. Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends AMAZON.COM, INC.
Short TermMid-TermLong Term
TrendsNeutralNeutralBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 52
Average target price 3 821,74 $
Last Close Price 3 195,34 $
Spread / Highest target 40,8%
Spread / Average Target 19,6%
Spread / Lowest Target 9,53%
EPS Revisions
Managers
NameTitle
Jeffrey P. Bezos Chairman, President & Chief Executive Officer
Dave Clark Senior Vice President-Worldwide Operations
Brian T. Olsavsky Chief Financial Officer & Senior Vice President
Patricia Q. Stonesifer Independent Director
Thomas O. Ryder Independent Director
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