InvestmentsWhy Amazon Stock Popped on Thursday - Motley Fool

Why Amazon Stock Popped on Thursday – Motley Fool


- Advertisment -spot_img

Returns as of 11/19/2021
Returns as of 11/19/2021
Founded in 1993 by brothers Tom and David Gardner, The Motley Fool helps millions of people attain financial freedom through our website, podcasts, books, newspaper column, radio show, and premium investing services.
Shares of Amazon (NASDAQ:AMZN) climbed higher on Thursday, adding as much as 3.7%. As of 1:43 p.m. ET, the stock was up 3.4%.
In separate news reports, investors learned that Amazon had been named a top stock for 2022 and that in was partnering with Starbucks (NASDAQ:SBUX) on a concept store, using Amazon’s “Just Walk Out” technology.
Amazon stock is poised to outperform next year after having a tough time in 2021. So says Goldman Sachs analyst Eric Sheridan, who named Amazon a “top pick” among U.S. internet stocks for 2022.
Image source: Getty Images.
While the company has lagged many of its technology and FAANG stock peers so far this year, Amazon is set to lap tough comps from last year and will benefit from resurging growth in cloud computing, e-commerce, and digital advertising, according to Sheridan.
Tough comps and the end of lockdowns and stay-at-home orders have weighed on Amazon, as e-commerce growth spurred by the pandemic decelerated. Sheridan said Amazon remains a buy, giving the stock a $4,100 price target, which represents gains of roughly 16% for investors over the course of the coming year.
On an unrelated note, Starbucks announced in a press release that a new Starbucks Pickup Store in New York City was opening today, outfitted with Amazon Go technology. The concept store “integrates the digital and physical retail experience, bringing together the connection and comfort of a Starbucks café and convenience of Amazon Go’s Just Walk Out shopping experience.”  
Starbucks is the highest-profile user yet to employ Amazon’s groundbreaking technology.
The e-commerce giant introduced its cashierless shopping system in an employee-only convenience store on its campus in late 2016, before debuting the technology to the public in 2018. Customers access the store using the Amazon app, and the system uses artificial intelligence, computer vision, and a host of sensors and cameras to track the shopper’s progress, running a virtual register tape, and charging their account when they leave the store — without the need to ever stand in a checkout line. This could represent a $50 billion opportunity for Amazon and a lucrative new revenue stream.  
A few well-chosen words by Wall Street didn’t hurt either.

Discounted offers are only available to new members. Stock Advisor will renew at the then current list price. Stock Advisor list price is $199 per year.
Stock Advisor launched in February of 2002. Returns as of 11/19/2021.
Average returns of all recommendations since inception. Cost basis and return based on previous market day close.
Making the world smarter, happier, and richer.

Market data powered by Xignite.



Please enter your comment!
Please enter your name here

Latest news

Engineer Turns Entrepreneur After Fully Online MBA – BusinessBecause

Please try again or another word Register or Login Partner Sites Login/Register Experienced engineer Matti Jokinen...

Fake money, real experience: Dal students profit from pretend hedge fund – The Signal

Dalhousie Investment Society 'doesn’t get the attention it deserves,' says professor By Ryan Bellefontaine December 1, 2021, 8:00 am ASTLast Updated:...

5 Stocks I Expect Will Make Me Wildly Rich by Retirement – Motley Fool

Returns as of 12/01/2021Returns as of 12/01/2021Founded in 1993 by brothers Tom and David Gardner, The Motley Fool helps...

This Entrepreneur Proved That Startups Can Reinvent Themselves When Necessary – Forbes

Chris Riley, Co-founder of USA RxStarting a business isn't easy, and the odds of success are always against you....
- Advertisement -spot_imgspot_img

How Young People Can Get Started in Real Estate Investing – Motley Fool

Returns as of 11/30/2021Returns as of 11/30/2021Founded in 1993 by brothers Tom and David Gardner, The Motley Fool helps...

Unify Platform AG Launches New Feature on UNIPLAT: Credit Rating of Researchers and Entrepreneurs – Yahoo Finance

- Credit Rating Helps Researchers and Entrepreneurs to Visualize Their Credibility -YOKOHAMA, Japan, Nov. 30, 2021 /PRNewswire/ -- Unify...

Must read

- Advertisement -spot_imgspot_img

You might also likeRELATED
Recommended to you