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Avoid this FANG stock as tech earnings roll out this week, says technicianSome of the biggest names in tech are gearing up to report earnings this week. While investors will be eagerly anticipating the results, one top technician says there's a name that you should get out of before the results come in. Bazos already warned everyone that forward guidance would not be good. Hold onto you belts people. $AMZN is in for a ride. Things are not great. Not bad but not great. Expecting $AMZN to hit $1200 region before next uptrend
Source: CNBC - 🏆 12. / 72 Read more »
Amazon earnings: The e-commerce giant has a history of missing expectations in the holiday quarterAmazon.com Inc. is scheduled to report fourth-quarter earnings on Thursday after the closing bell and SunTrust Robinson Humphrey analysts warn the e-commerce giant has a patchy track record with holiday quarter estimates.
Source: MarketWatch - 🏆 3. / 97 Read more »
Odds are better for Apple and Facebook earnings beats than AmazonBespoke studied three FANG-related stocks reportingthis week, and found, If history is a guide, there's a very good chance Apple's earnings will be better than expected but its stock may lag. SELL Wrong Both are sells at this point
Source: CNBC - 🏆 12. / 72 Read more »
As Amazon, Walmart and Other Foreign Players Dominate, India to Promote Domestic Tech CompaniesIndia has plans to continue tightening restrictions on Amazon.com, Walmart, Facebook and other foreign firms that have come to dominate the country’s internet economy. A ‘national champion’ policy will encourage the rise of domestic companies. Who read this article Racists. These big companies need to shift their regional offices from India to Pakistan
Source: WSJ - 🏆 98. / 63 Read more »
Amazon is cutting funding for some delivery companies to monitor drivers on the roadStarting Thursday, Amazon will stop paying dispatch fees to the companies that deliver its packages to customers. It is not as easy as it appears to run, manage and deliver through self owned logistics entity. Trust me.. more expensive than the heavy dense deliveries through the small package firms. Amazon is becoming the modern day steel factories of the early 20th century as far as labor goes. Pay is low, work like a dog and you're monitored like a prisoner in a chain gang.
Source: BusinessInsider - 🏆 729. / 51 Read more »