Rising home prices and conservative borrowing have today's homeowners sitting on a record amount of potential cash. Today's mortgage holders saw their home equity increase by...Real Estateread more
Stocks have been grinding sideways, but technical analysts say once they breakout, the move to the upside could be powerful.Market Insiderread more
Shareholders are accusing Tesla of improperly valuing the SolarCity deal, providing flawed analysis and misleading investors, among other things. Their allegations were...Technologyread more
Stocks were barely changed. American Express gained, but Netflix was a notable laggard.Marketsread more
The probe by the U.S. attorney's office of the Northern District of California is in its early stages, the Journal reported, citing people familiar with the matter.Health and Scienceread more
The fresh round of cuts is on top of an estimated 4,500 temporary layoffs GM and its suppliers handed out to employees as of Friday.Autosread more
Here are the most important things to know about Tuesday before you hit the door including earnings from Nike and likely updates on Trump's trade deals.Marketsread more
The Mac Pro is the only major Apple computer to be assembled in the United States. Most of Apple's products, including the iPhone, are assembled in China and are facing tariff...Technologyread more
Think about the last TV show you recommended to a friend, or the last one that was recommended to you. Odds are, it was from a premium service like HBO, Netflix or Amazon.Entertainmentread more
SpaceX is deep into development of its Starship rocket, with recent updates from CEO Elon Musk showing the first one under construction.Investing in Spaceread more
The new wireless earbuds, codenamed "Puget," are expected to come with an accelerometer and be able to monitor things like the distance run, calories burned, and pace of...Technologyread more
The tech sector is dominating the markets.
The five largest companies in the United States by market cap are now all technology companies, as of Thursday. One stands out: Amazon, according to MKM Partners Managing Director Rob Sanderson.
In an interview Friday on CNBC's "Squawk Alley," the senior research analyst called Amazon's explosive recent success "the best growth story of the group."
Sanderson cited Amazon Prime as a main source for an expected jump in profits in the third quarter. Amazon shares set a new high Thursday, peaking at $805.89. On Friday, it was trading at $803.74.
"Sellers [on Amazon.com] are understanding that they need to be Prime-eligible," he said.
Bob Peck, internet equity analyst and managing director at SunTrust Robinson Humphrey, also noted the divide between investor bases for Amazon and the four other leading companies: Apple, Alphabet, Microsoft and Facebook. Alphabet's Google, he said, is "much more of a value story," whereas Facebook and Amazon are experiencing considerable momentum and growth.
But should all of these diverse companies coexist in one seemingly all-encompassing sector?
"All of them are, I think, attacking different incumbent industries using technology ... to deliver a value proposition to users in a more efficient and more effective way," Sanderson said. "I really think it's more diversified than all the eggs in one sector."