Amazon's most recent trend suggests a bearish bias. One trading opportunity on Amazon is a Bear Call Spread using a strike $1750.00 short call and a strike $1755.00 long call offers a potential 25% 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 $1750.00 by expiration. The full premium credit of $1.00 would be kept by the premium seller. The risk of $4.00 would be incurred if the stock rose above the $1755.00 long call strike price.
The 5-day moving average is moving down which suggests that the short-term momentum for Amazon is bearish and the probability of a decline 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 49.22 level which suggests that the stock is neither overbought nor oversold at this time.
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LATEST NEWS for Amazon
After Aramco’s Record IPO, Barely Any of Its Stock Will Trade
Tue, 10 Dec 2019 09:54:04 +0000
(Bloomberg) — Saudi Aramco will surpass Apple Inc. as the world’s biggest listed company when it debuts this week after a record-breaking initial public offering. Unlike the tech titan it displaces, barely any of its shares will trade.The Gulf oil giant sold a 1.5% stake in the IPO, while the remainder stays in the hands of the Saudi state. That free float, or the proportion of stock owned by public investors that can change hands, is among the lowest globally. Many of the biggest companies, from Amazon.com Inc. to Microsoft Corp., have more than 80% of their equity owned by independent shareholders.Among the top 1,000 listed companies by market value, only two companies have lower free floats than Aramco, according to data compiled by Bloomberg. One is carmaker Audi AG, which has a float of 0.36% with the rest owned by manufacturing behemoth Volkswagen AG. The other is state-controlled German utility EnBW Energie Baden-Wuerttemberg AG, which has 0.37% of its stock in public hands, the data show. Its two biggest investors each own 46.75%.Low public ownership levels mean that the Saudi government can push through decisions that are good for the country, but not necessarily Aramco’s minority shareholders. The company, which starts trading Wednesday, will also be captive to OPEC. Saudi Arabia is the de-facto leader, meaning Aramco may have to shoulder the burden of production cuts if others don’t meet their obligations.That level of control could affect your retirement account. Thanks to the popularity of index-tracking funds, many investors will own Aramco shares whether they want to or not.The company is so big that index compilers like MSCI Inc. and FTSE Russell can speed up its inclusion in global benchmarks. Aramco will likely be given a weighting of about 0.7% in the MSCI Emerging Markets Index, triggering $2.4 billion of automatic buying from funds that follow the gauge, according to analyst estimates.To be fair, even companies that float most of their shares on the public markets find ways to concentrate power at the top. Silicon Valley behemoths like Facebook Inc. have special stock classes giving founders outsized control over decision-making.Fund managers have given Mark Zuckerberg the benefit of the doubt, thanks to strong returns he’s delivered. The question is whether they’ll do the same for Saudi Crown Prince Mohammed bin Salman.\–With assistance from Christoph Rauwald, Mathieu Benhamou and William Wilkes.To contact the reporters on this story: Ben Scent in London at bscent@bloomberg.net;Jacqueline Gu in New York at jgu113@bloomberg.netTo contact the editors responsible for this story: Ben Scent at bscent@bloomberg.net, ;Yue Qiu at yqiu47@bloomberg.net, Amy ThomsonFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
UPDATE 1-Amazon secures top Champions League rights for Germany
Tue, 10 Dec 2019 09:32:51 +0000
Amazon secures top Champions League rights for Germany
Tue, 10 Dec 2019 08:48:44 +0000
Amazon.com has secured the rights to broadcast top European soccer Champions League matches for the 2021/22 season in Germany, the U.S. company said on Tuesday. Amazon said it would be broadcasting Champions League matches on Tuesday evenings from 2021. “We’re excited to bring UEFA Champions League football to our customers in Germany,” Alex Green, managing director at Amazon's Prime Video Sport Europe division, said in a statement.
Opening Quote: BAE risks being caught out by Trump’s America First slogan
Tue, 10 Dec 2019 08:38:56 +0000
Now the Trump administration wants Japan to buy American too. Japan is in the process of picking a plane manufacturer to replace its F-2 fighter jets (pictured) when they are retired, which starts around 2035. The Pentagon wants Tokyo to choose Lockheed Martin, the US maker of the F-22 and F-35 jets.
Amazon Surprises Hundreds of Charities by Fulfilling Their AmazonSmile Charity Lists this Holiday Season
Tue, 10 Dec 2019 08:00:00 +0000
(NASDAQ: AMZN) – Amazon today announced that it is surprising hundreds of charities – which support causes from STEM education, to homelessness, hunger, disaster relief, youth organizations, sustainability and more – across the U.S. by fulfilling products requested on each of their AmazonSmile Charity Lists. Amazon is donating hundreds of thousands of items to charities from their AmazonSmile Charity Lists through the end of the year to ensure they have what they need to round out the holiday season, and to get a jump start on the new year. Some of the total items donated include:
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