AMZN Jun 2024 155.000 put
- Yahoo Finance Video
Amazon unveils new unlimited grocery delivery subscription
Amazon (AMZN) has announced that it will launch a new unlimited grocery delivery subscription for Prime members for those living in 3,500 eligible cities and towns. The program will allow users to get free deliveries for grocery orders totaling more than $35 across its subsidiaries, including Amazon Fresh and Whole Foods. It costs $9.99 per month for Prime members and $4.99 for those with a registered EBT card who do not have a Prime membership. Yahoo Finance's Madison Mills and Seana Smith break down the latest announcement from the online sales giant. For more expert insight and the latest market action, click here to watch this full episode. This post was written by Nicholas Jacobino
- Yahoo Finance Video
Big 6 tech stocks downgraded by UBS on 'collapsing' earnings
UBS Chief Investment US Equity Strategist Jonathan Golub downgraded the "Big Six" tech stocks - Amazon (AMZN), Apple (AAPL), Alphabet (GOOG, GOOGL), Nvidia (NVDA), Meta (META), Microsoft (MSFT) — from Overweight to Neutral citing "difficult comps and cyclical forces weighing on these stocks." In addition, Golub claims that the monumental earnings that catapulted these companies are "collapsing." Yahoo Finance Reporter Josh Schafer joins Market Domination to break down UBS' call on the majority of the Magnificent Seven tech leaders and what Golub forecasts for the tech sector in his note to investors. For more expert insight and the latest market action, click here to watch this full episode of Market Domination. This post was written by Nicholas Jacobino
- Yahoo Finance Video
'Tech outside the US' as a better opportunity in tech: Strategist
As big names in tech Amazon (AMZN) and Microsoft (MSFT) gear up to report their latest quarterly earnings, many on Wall Street look towards this week for a signal as a to how the market may move, considering the weight of these companies within the S&P 500 (^GSPC). But, could there be more to the story for the tech sector? TPQ Advisory Founder & CIO Jay Pelosky joins Yahoo Finance to give insight into the performance of the tech sector and why he is looking outside of the US for opportunities in the tech sector. Pelosky offers his views on China's tech sector: "We're more keen on tech outside the United States, and in particular, in China. And so, we have identified what we call a two-tech stack divide between the US and China, where both countries are basically sealing off their tech sectors from each other, and we think that creates a real opportunity within China tech, which has been a huge laggard versus the US. Its e-commerce market is twice the size of the US, growing at 10% per annum, and the stocks, like Alibaba (BABA), Tencent (0700.HK), etc, are trading at a 50 to 60% discount to the United States tech stocks." For more expert insight and the latest market action, click here to watch this full episode. This post was written by Nicholas Jacobino
