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


SummaryAll NewsPress ReleasesOfficial PublicationsSector newsMarketScreener StrategiesAnalyst Recommendations

Wall St mixed with stimulus in focus; Dow hits over 5-month high

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08/10/2020 | 01:28pm EDT

(For a live blog on the U.S. stock market, click or type LIVE/ in a news window)

* Eastman Kodak plummets as govt loan agreement put on ice

* Energy stocks outperform on strong crude

* Money to flow into cyclicals on growth hopes- Analyst

* Dow rises 0.99%, S&P up 0.18%, Nasdaq down 0.38%

Aug 10 (Reuters) - The S&P 500 and Dow rose on Monday, as investors rotated into value stocks from heavyweight tech-focused companies while awaiting word on progress in the fiscal support bill for the country's battered economy.

The Nasdaq, which hit a record high every day of last week, was dragged lower by Microsoft Corp, Amazon.com Inc and Facebook Inc. The Dow index touched a more than five-month high, boosted by growth-linked industrial and financials stocks.

Bets on a potential coronavirus vaccine, historic fiscal and monetary support, and more recently, a better-than-expected second quarter earnings season have brought the S&P 500 to within 1% of its February record high.

"Particularly for many people who missed the rally, (cyclicals) is the only place where you can still find value," said Thomas Hayes, managing member at Great Hill Capital Llc in New York.

All three indexes opened higher after U.S. President Donald Trump signed executive orders that partly restored enhanced unemployment benefits after talks between the White House and top Democrats in Congress about fresh stimulus broke down last week.

U.S. Treasury Secretary Steven Mnuchin, in an interview to CNBC on Monday, said the Trump administration and Congress could reach an agreement as soon as this week if Democrats are "reasonable."

Value stocks, which tend to outperform growth coming out of a recession, have gotten a lift in recent days. The Russell 1000 value index rose 0.7% on Monday, while the Russell 1000 growth index slipped 0.3%.

"It's going to take a while before we can see some real good growth, but the market seems to be betting otherwise," said Peter Cardillo, chief market economist at Spartan Capital Securities in New York.

At 13:03 p.m. ET, the Dow Jones Industrial Average was up 272.55 points, or 0.99%, at 27,706.03, the S&P 500 was up 6.08 points, or 0.18%, at 3,357.36. The Nasdaq Composite was down 41.80 points, or 0.38%, at 10,969.18.

Energy and industrials, among the worst performers this year, led gains among major S&P sectors. Technology and communication services fell about 0.8% each.

Among individual movers, Eastman Kodak Co sank 27.5% after its $765-million loan agreement with the U.S. government to produce pharmaceutical ingredients was put on hold due to "recent allegations of wrongdoing."

Microsoft Corp fell 2.2% as sources said its bid to carve out parts of TikTok from its Chinese owner ByteDance will be a technically complex endeavor.

Mall owner Simon Property Group rose 7.3% after a report that it has been in talks with Amazon.com Inc about turning some of its department-store sites into Amazon fulfillment centers. The company's quarterly results are due after markets close on Monday.

Nike surged 4.4% to a record high after footwear retailer Foot Locker, to which Nike supplies, said same-store sales increased about 18% in the second quarter. Foot Locker shares rose 6.3%.

Advancing issues outnumbered decliners by a 2.60-to-1 ratio on the NYSE and by a 1.66-to-1 ratio on the Nasdaq.

The S&P index recorded 36 new 52-week highs and no new low, while the Nasdaq recorded 95 new highs and nine new lows.

(Reporting by Ambar Warrick and Medha Singh in Bengaluru, additional reporting by Chuck Mikolajczak; editing by Uttaresh.V)

Stocks mentioned in the article
ChangeLast1st jan.
AMAZON.COM, INC. 2.55% 3174.05 Delayed Quote.71.77%
DJ INDUSTRIAL 1.51% 27584.06 Delayed Quote.-3.34%
EASTMAN CHEMICAL COMPANY 1.57% 78.51 Delayed Quote.-2.47%
EASTMAN KODAK COMPANY -0.11% 9.31 Delayed Quote.100.22%
FACEBOOK 0.78% 256.82 Delayed Quote.25.13%
FOOT LOCKER, INC. -1.25% 32.39 Delayed Quote.-16.93%
MICROSOFT CORPORATION 0.78% 209.44 Delayed Quote.31.78%
NASDAQ 100 1.91% 11364.449955 Delayed Quote.27.69%
NASDAQ COMP. 1.87% 11117.525026 Delayed Quote.21.63%
NIKE, INC. 0.07% 124.32 Delayed Quote.22.71%
S&P 500 1.61% 3351.6 Delayed Quote.2.09%
SIMON PROPERTY GROUP, INC 3.48% 65.79 Delayed Quote.-55.83%
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Financials (USD)
Sales 2020 369 B - -
Net income 2020 15 998 M - -
Net cash 2020 51 861 M - -
P/E ratio 2020 101x
Yield 2020 -
Capitalization 1 590 B 1 590 B -
EV / Sales 2020 4,17x
EV / Sales 2021 3,47x
Nbr of Employees 798 000
Free-Float 81,3%
Duration : Period :
Amazon.com, Inc. Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends AMAZON.COM, INC.
Short TermMid-TermLong Term
Income Statement Evolution
Mean consensus BUY
Number of Analysts 53
Average target price 3 698,93 $
Last Close Price 3 174,05 $
Spread / Highest target 32,3%
Spread / Average Target 16,5%
Spread / Lowest Target -14,0%
EPS Revisions
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
Sector and Competitors
1st jan.Capitalization (M$)
AMAZON.COM, INC.71.77%1 550 319
JD.COM, INC.111.95%116 523
WAYFAIR INC.225.04%28 020
ETSY, INC.167.00%14 114
MONOTARO CO., LTD.76.87%12 158