Amazon (AMZN) Offering Possible 19.76% Return Over the Next 9 Calendar Days

Amazon's most recent trend suggests a bearish bias. One trading opportunity on Amazon is a Bear Call Spread using a strike $3150.00 short call and a strike $3160.00 long call offers a potential 19.76% return on risk over the next 9 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $3150.00 by expiration. The full premium credit of $1.65 would be kept by the premium seller. The risk of $8.35 would be incurred if the stock rose above the $3160.00 long call strike price.

The 5-day moving average is moving up which suggests that the short-term momentum for Amazon is bullish and the probability of a rise in share price is higher if the stock starts trending.

The 20-day moving average is moving down which suggests that the medium-term momentum for Amazon is bearish.

The RSI indicator is at 46.42 level which suggests that the stock is neither overbought nor oversold at this time.

To learn how to execute such a strategy while accounting for risk and reward in the context of smart portfolio management, and see how to trade live with a successful professional trader, view more here


LATEST NEWS for Amazon

Amazon Enters The Lucrative Disney-Dominated Cricket Streaming Market In India
Tue, 10 Nov 2020 07:24:00 +0000
Amazon.com, Inc's (NASDAQ: AMZN) Prime Video has acquired the rights to broadcast cricket matches between India and the New Zealand cricket teams in the cricket-crazy Indian market, Reuters reported Monday.What Happened: The Jeff Bezos-led company has entered into a deal with the New Zealand Cricket Board, which will allow Prime Video to exclusively stream all men's and women's matches played in the island nation beginning late 2021 through the end of the 2025-2026 season, according to Reuters.”We are excited to add India's most loved game — cricket — to our content selection for our Prime Video customers, and we are thrilled to work with New Zealand Cricket on this [endeavor] … and the cricketing rivalry between the two countries has been fantastic,” Amazon Prime Video's India head Gaurav Gandhi told Reuters.Why It Matters: Amazon has become the first streaming service in India to secure exclusive rights to broadcast from a major cricketing board, according to India's Scroll news portal. Previously, the retail giant had reportedly shown interest in streaming rights for the Indian Premier League, which was ultimately secured by the Walt Disney Company (NYSE: DIS)-owned Hotstar. Facebook Inc (NASDAQ: FB) had also put in an unsuccessful 0 million digital rights bid.Prime Video and Disney's Hotstar have a 20% market share each of the intensely-competitive Indian video streaming market, while Netflix Inc (NASDAQ: NFLX) controls another 15%, according to Statista.Netflix Vice President for Business Development in APAC Tony Zameczkowski, in an interview with CNBC, described India as one of its key growth markets with rapidly rising internet penetration.Amazon has bet big on sports globally — live streaming events like Thursday Night Football, the Premier League, ATP Tour Events, and the U.S. Open tennis.Price Action: Amazon shares closed nearly 5.1% lower at $3,143.74 on Monday and gained 0.45% in the after-hours session. See more from Benzinga * Click here for options trades from Benzinga * Growth Stocks To See ‘Nirvana' With Blue White House, Divided Congress, Cramer Says * Twitch's Flagship Annual Event Coming On Nov. 14 As ‘GlitchCon'(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

Google Teams Up With European Cloud Rival in Battle With Amazon
Tue, 10 Nov 2020 06:00:00 +0000
(Bloomberg) — Google struck a deal for France’s OVH to resell the tech giant’s cloud software and services to customers who are wary of sharing sensitive data with a U.S. company.It’s the latest response to a shifting legal situation on data privacy that’s left European businesses and governments uncertain over the risks around storing their internal and client information on U.S. servers.Those concerns have grown since the European Union’s top court struck down an information-transfer pact known as the EU-U.S. Privacy Shield in July. From next year, Google’s customers will be able to access its cloud services over Roubaix-based OVH’s physical infrastructure, with a guarantee on where their data is stored, according to a statement on Tuesday. The companies didn’t disclose financial details of the revenue-sharing partnership. The deal could give Google a stronger foothold in a European market dominated by U.S. rivals Amazon.com Inc. and Microsoft Corp., as parent company Alphabet Inc. pours money into cloud computing to find new sources of growth beyond search advertising.Google said the agreement is the first of its kind in Europe, in which a cloud partner serves as the data host. OVH was founded in 1999 by Octave Klaba, whose family owns 80% of the company, with the rest owned by private equity firms KKR & Co. and TowerBrook Capital Partners. The OVH partnership will use Google’s open-source Anthos technology, which allows one cloud provider’s clients to bolt on the services of another, reducing reliance on a single provider. Google Cloud’s sales surged by 45% to $3.4 billion in the third quarter and Alphabet plans to start breaking out the unit’s operating profits from its fourth-quarter report. The company has never disclosed the profitability of the cloud business. For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

Amazon's Prime Video makes live sports foray in India with cricket rights
Tue, 10 Nov 2020 02:35:08 +0000
Amazon.com Inc's Prime Video said on Tuesday it had acquired the rights for broadcasting New Zealand Cricket matches in India, marking the streaming service's first foray into live sports in its fastest growing market. As part of the multi-year deal between Amazon and the New Zealand Cricket Board, Prime Video will exclusively stream all international cricket matches played in New Zealand for both men's and women's cricket, across all formats of the game beginning late 2021, the company said in a statement.

Silicon Valley Firm Chases Gulf Cash as Virus Fans Tech’s Appeal
Tue, 10 Nov 2020 02:00:00 +0000
(Bloomberg) — A Silicon Valley venture-capital firm is targeting cash-flush Middle Eastern investors to fund technology companies, all while scouting the Gulf for buying opportunities.Tribe Capital Partners LLC partnered with Dubai-based boutique financial and investment adviser Arrow Capital in a first-of-its-kind cooperation deal for the Gulf, according to Arjun Sethi, Tribe’s co-founder.“We need a touch point everywhere,” he said in an interview. The need to adapt to the “future at a faster pace” has seen premiums for tech companies soar, while also spurring Silicon Valley companies to broaden their funding sources as they expand and invest globally, Sethi said.The San Francisco-headquartered firm has invested about $450 million in companies like software developer Carta Inc. and self-driving simulator Applied Intuition Inc. since its formation about 2-1/2 years ago.The push for new avenues of financing comes as investors from the Gulf seek alternative asset classes such as private equity or venture funds to diversify away from holdings in real estate, fixed income or equity markets. Ultra high-net-worth individuals and family offices are looking to follow sovereign wealth funds making technology investments abroad.Abu Dhabi’s Mubadala Investment Co. led a $700 million funding round for a technology startup backed by SoftBank Group Corp. The fund also joined global investors who poured billions of dollars into businesses controlled by Indian billionaire Mukesh Ambani.Saudi Arabia’s Public Investment Fund has taken a similar approach, while Kuwait’s $124 billion pension fund owns a quarter of U.S. private equity firm Stone Point Capital LLC.Investors are also broadening their horizons as they chase investments in technology firms before valuations become too elevated, said Sumit Mehta, managing director of Arrow Capital.‘Pockets of Innovation’At the same time, “pockets of innovation” from the region are attracting interest, Mehta said, which has resulted in a wave of deals involving global investors.Uber Technologies Inc. acquired ride-hailing rival Careem Networks FZ for $3.1 billion last year. Amazon Inc. in 2017 bought Dubai-based online retailer Souq.com, while General Atlantic in 2018 invested $120 million in real-estate advertising company Property Finder.Funding toward startups in the Middle East and North Africa rose 2% to $277 million in the first quarter of this year compared with the same period a year earlier, according to Dubai-based Magnitt Inc.’s Venture Investment Report.Tribe Capital looks beyond geopolitical woes when considering investments.“We’ve already partnered with folks in the GCC and not all investors are equal,” Sethi said. “We always need to look outside of political tensions that might exist everywhere.”For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

The Benefits and Risks of Wayfair's Hypergrowth Strategy
Mon, 09 Nov 2020 23:55:00 +0000
Online furniture and accessories retailer Wayfair (NYSE: W) has built a business worth $13 billion in annual sales by prioritizing market share capture. In a conversation with fellow Motley Fool contributor Brian Feroldi, Asit Sharma walks through the opportunities and shortcomings of Wayfair's hypergrowth bent. Brian Feroldi: They rebranded themselves as Wayfair in 2011.

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