The massive market transformation this month that some on Wall Street called a "once in a decade opportunity" might have just been a one-off technical move because of taxes.Marketsread more
The Pentagon will deploy U.S. forces to the Middle East on the heels of the attack on Saudi Arabian oil facilities, United States Secretary of Defense Mark Esper announced...Defenseread more
CNBC did a deep dive through the most recent Wall Street research to find stocks that analysts say are underappreciated.Marketsread more
Shares of MasterCard are up 46% this year, and 1120% since 2011, getting a boost from the strong U.S. consumer.Investingread more
CNBC sat in on an "empathy training" at Amazon PillPack's Somerville offices, which is part of new hire orientation.Technologyread more
Trade with China is the 'big unknown' for the Federal Reserve as it decides how best to support the U.S. economy, says Council on Foreign Relations Director of International...Futures Nowread more
Lobbying experts said the visit is likely an attempt to be in lawmakers' ears as they consider legislation that would impact Facebook.Technologyread more
Yardeni Research's Edward Yardeni believes the U.S. economy is picking up steam.Trading Nationread more
Iran's audacious drone and cruise missile attack on Saudi Arabia's oil producing facilities has provided a critical test yet for the Trump administration's foreign policy. A...Politicsread more
Chinese trade negotiators suddenly canceled a visit to meet U.S. farmers after they wrapped up trade talks in Washington this week.Marketsread more
Amazon-style discounts on food items sold through Whole Foods Market will lead to big market share gains in the grocery category, says Morgan Stanley.
The firm reiterated its overweight rating for Amazon shares, saying the internet giant will also acquire more subscribers to its Amazon Prime shopping club as a result of its Whole Foods acquisition, which was finalized on Monday.
Amazon vowed last week to slash prices at the organic grocery chain beginning Monday "on a selection of best-selling grocery staples," including selections of fruit, vegetables, dairy and meat.
"One of Amazon's sharpest competitive edges is its ability to consistently operate at razor thin margins. We expect more of the same with Whole Foods," analyst Brian Nowak wrote in a note to clients Sunday. "We see lower pricing leading to accelerating WFM [Whole Foods Market] share gains."
Nowak reaffirmed his $1,150 price target for Amazon shares, which is 21.7 percent higher than Friday's closing price.
The analyst said Whole Foods' average food item price is approximately 14 percent higher than the average grocery store. He cited a recent survey in which 70 percent of consumers who don't shop at Whole Foods blamed pricing as the primary reason. Then again, the survey said 60 percent of Whole Foods customers, or about 5 million people, aren't Prime members, leaving plenty of room for the retailer to pick up customers by cutting prices.
"Over time, Amazon Prime will become the Whole Foods customer rewards program, with special savings and in-store benefits," he wrote.
He estimates Amazon can expand its Prime membership base by 8 percent annually over the next three years, resulting in 14 million additional subscribers.
"This may prove conservative if AMZN is successful in cross-promoting Prime into WFM…which given the average Prime sub spends 4.6X more than non-Prime members on Amazon.com, makes us bullish about the AMZN's long-term profit potential," the analyst wrote.
Amazon shares have outperformed the market this year. Its stock is up 26.1 percent year to date through Friday versus the S&P 500's 9.1 percent gain.