The biggest U.S. gasoline price surge in years is running out of steam just in time for the start of the summer driving season.Energyread more
Stocks rose on Friday, but notched weekly losses as investors worried the U.S.-China trade war is hurting economic growth.US Marketsread more
The combination of mounting recession fears, bets on a more cautious Fed and a regular uptick in market volatility could spell more losses.Marketsread more
The therapy, Zolgensma, is a one-time treatment for spinal muscular atrophy — a muscle-wasting disease and leading genetic cause of infant mortality, affecting 1 in every...Biotech and Pharmaceuticalsread more
SpaceX has raised just over $1 billion in financing since the beginning of the year.Investing in Spaceread more
An analyst for Ark Invest, which has a major investment in Tesla, says recent drastic price-target cuts by others on Wall Street are missing the big picture.Investingread more
A federal judge in California has blocked President Donald Trump from building sections of his long-sought border wall with money secured under his declaration of a national...Politicsread more
Former Foreign Minister Boris Johnson is seen as the bookmaker's favorite to succeed outgoing Prime Minister Theresa May.Europe Politicsread more
The race is underway to find a vaccine that can control African swine fever, a highly contagious and deadly viral infection ravaging China's hog population. There is currently...Agricultureread more
Apple bought Tueo Health, which was developing tech to help parents monitor asthma symptoms in children, using a mobile app and commercial breathing sensors.Technologyread more
Amazon just passed a $1 trillion market cap, and analysts are still telling investors to buy, buy, buy.
Of the 47 analysts with ratings on Amazon, 45 (or 96 percent) say analysts should keep accumulating the shares, according to FactSet. That's the highest ratio of buy recommendations among the 10 most valuable U.S. tech companies.
Apple, which last month became the first U.S. company to eclipse the $1 trillion barrier, has a buy rating from just 62 percent of analysts.
The level of Amazon bullishness is yet another sign that Wall Street is willing to pay up more for growth than profit, particularly when it comes to a company with so many engines for expansion.
"AMZN is a consensus long and has the least amount of debate of the mega-cap internet stocks," wrote Rob Sanderson, an analyst at MKM Partners, in a report on Aug. 22. Sanderson said Amazon Web Services is "in a sweet-spot for margin expansion" and sees the company making a big splash in grocery delivery.
From Amazon's dominance in online retail and its expansion into private labels to the rapid growth of AWS and the penetration of the Alexa assistant into more areas of our personal and professional lives, Amazon is everywhere. Sales in the latest quarter jumped 39 percent, more than double Apple's 17 percent growth rate.
Apple is much more profitable than Amazon. The iPhone maker recorded an operating margin of 24 percent in the latest period, while Amazon's was 5.6 percent.
Analyst price targets on Amazon have yet to catch up with their ratings. The average 12-month price prediction for Amazon shares is $2,142.64, according to FactSet, which is only about a 5 percent increase from here. That's hardly a move at all for Amazon, which has surged 75 percent this year after gaining 56 percent in 2017.