Shares of Amazon have plummeted more than 30% from an all-time high set last year. The price on the daily breakdown for breaking Ichimoku cloud to below for the primary bearish reversal. The price is trying to cross 2,432 support level to below for the bearish trend to be continuing. Alternative, the price will be on the secondary ranging within the primary bearish market condition. ...
Greenlight Capital Re’s David Einhorn lamented a bum year in his shareholder letter for 2017 with an investing loss of 1.6% net of fees. He also announced the new lineup of stocks he selected during the fourth quarter: Twitter, Ensco and Time Warner. First, Einhorn surprised investors by taking a long position in Twitter. As he acknowledged in the letter, he has been betting that certain stocks in the tech space will fail. These stocks, ...
With the Nasdaq Composite index breaking through the 6,000 milestone for the first time and the Dow Jones Industrial Average regaining territory above 21,000, does this market exuberance represent a new ‘dotcom-style’ bubble or a tech revolution? And, what should investors consider now. Amazon, Apple, Facebook, Google and Microsoft, which combined account for something a tenth of US market capitalization and keep notching up one record ...
If you think you’re too late to profit from e-commerce bonanza, think again. Because even though the first web-based purchase was made more than 20 years ago, online shopping is still growing at a breathtaking pace, with a 15% expansion in 2015 alone. But despite that fast growth, web-based purchases only made up 7.4% of total US retail sales in the third quarter, according to the Census Bureau, so the trend has plenty of room to run yet. ...
My money is on Alibaba, the massive Chinese company that will soon conduct a New York IPO.* Here’s why. Amazon and Alibaba, the world’s largest e-commerce companies, are gearing up for the next big competition: cross-border e-commerce. Both companies have unique advantages in the market, and both are rushing to lock in an advantage in shipping goods from abroad into China, now the world’s largest e-commerce market. In the last few weeks, Amazon.com Inc announced that ...
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