AMZN - forget the 100 pe ,recession, and disconnected DSL lines.
ALL buying ALL the time!
Even this will end red today- with Devitt's pump ALL for naught.
edit- I may be adding puts
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Ahead of the Bell: Amazon.com Rises
Thursday November 15, 8:50 am ET
Amazon.com Gains in Premarket As Analyst Upgrades to 'Buy' on Investments
NEW YORK (AP) -- Shares of Amazon.com Inc. rose in Thursday premarket trading, after an analyst upgraded the stock on a recent decline in price and gains from long-term investments.
Stifel Nicolaus & Co. analyst Scott Devitt hiked his rating on the stock two notches, to "Buy" from "Sell."
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Devitt sees international markets, long-term margin expansion and Amazon Prime, among other factors, driving growth over the next five years.
Amazon Prime members are customers who pay $79 up front for a year of free two-day shipping. During the third quarter, the number doubled from a year ago.
Devitt said Amazon Prime is now operating in the U.S., Japan, Germany and the U.K., and he expects this to drive growth and loyalty.
Against this backdrop, shares have declined 13 percent in the past month.
"We believe Amazon.com to be the best-positioned company in the e-commerce sector and, arguably, one of the best-positioned Internet companies in the world," Devitt wrote in a note to investors.
In premarket trading, shares rose $1.79, or 2.3 percent, to $80.30, after ending at $78.51 on Wednesday. |
