Amazon (AMZN) Offering Possible 36.05% Return Over the Next 17 Calendar Days

Amazon's most recent trend suggests a bearish bias. One trading opportunity on Amazon is a Bear Call Spread using a strike $3060.00 short call and a strike $3070.00 long call offers a potential 36.05% return on risk over the next 17 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $3060.00 by expiration. The full premium credit of $2.65 would be kept by the premium seller. The risk of $7.35 would be incurred if the stock rose above the $3070.00 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 58.74 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 says deliveries unaffected by strikes in Germany
Mon, 29 Mar 2021 11:05:19 +0000
U.S. e-commerce group Amazon on Monday said deliveries were unaffected by strikes at six of its sites in Germany. Trade union Verdi had called for workers to go on strike from Sunday evening for four days in the latest attempt to try to force Amazon to recognise collective bargaining agreements. A spokesman for Amazon said more than 90% of staff at its German logistics sites were working as usual, adding employees were enjoying “excellent wages, excellent additional benefits and excellent career prospects”.

5 Ways EV Stocks Are Like Tech Stocks Were in 1999
Mon, 29 Mar 2021 09:45:00 +0000
Shares of Tesla (NASDAQ: TSLA) are down 28% from their all-time high, while Nio (NYSE: NIO), the leading Chinese EV maker, is off 43%. Other popular EV-related Robinhood stocks like Churchill Capital (NYSE: CCIV), Blink Charging (NASDAQ: BLNK), Nikola (NASDAQ: NKLA), and Workhorse (NASDAQ: WKHS) are all down significantly from previous peaks. In the late 1990s, Intel, Cisco, Microsoft, and Oracle were the titans of tech, much in the way that Tesla and Nio represent the EV sector today.

Deliveroo Shaves $1.3 Billion Off Valuation as Investors Revolt
Mon, 29 Mar 2021 09:03:08 +0000
(Bloomberg) — Food-delivery startup Deliveroo Holdings Plc cut the upper valuation target in its London initial public offering by about 950 million pounds ($1.3 billion), after some institutional investors balked at the company’s treatment of riders.Deliveroo set new guidance of 3.90 pounds to 4.10 pounds a share, according to deal terms seen by Bloomberg. The company initially marketed the offering at 3.90 pounds to 4.60 pounds, valuing it at as much as 8.8 billion pounds. A Deliveroo spokesperson said the adjustment lowered the top end of the valuation target to 7.85 billion pounds.Some of the U.K.’s biggest asset managers said last week they’re concerned the London-based company’s treatment of couriers isn’t aligned with socially responsible investing practices. Hundreds of riders are expected to refuse to make deliveries when the shares begin trading on Wednesday. Some investors also have expressed concern that the company’s dual-class voting structure is counter to good corporate governance.“At the bottom of the range, Deliveroo’s value seems to balance the risks and rewards from the hard work it has to do over the near term,” said Patrick Basiewicz, an analyst at U.K. broker finnCap. “We do not expect it to be easy.”Deliveroo said in its IPO prospectus that its business “would be adversely affected if our rider model or approach to rider status and our operating practices were successfully challenged or if changes in law require us to reclassify our riders as employees.”Such challenges are gaining ground. Uber Technologies Inc., which runs the competing Uber Eats service, said this month it will reclassify its 70,000 U.K. drivers as workers, entitling them to the minimum wage and vacation pay. The announcement came after it lost a landmark ruling in the country’s Supreme Court in February.There are also signs investors are less willing to swallow elevated valuations for online service providers in London. Last week, Danish consumer-review site Trustpilot Group Plc erased gains of as much as 16% in its debut session. The stock is still trading in line with the IPO offer price.“Deliveroo has received very significant demand from institutions across the globe,” a Deliveroo spokesperson said Monday, adding that there is demand for the offering, multiple times over, throughout the price range led by three anchor investors. The spokesperson didn’t identify them.Banks will take investor orders through Tuesday, with trading set to start the next day. The sale totaled as much as 1.77 billion pounds ($2.45 billion) based on the original price range, with 1 billion pounds of proceeds for the company and the rest of the offering coming from investors including Amazon.com Inc.Deliveroo is giving founder and Chief Executive Officer Will Shu voting control for three years to provide him with the stability to execute long-term plans, the company has said.Such dual-class structures, which are common in the U.S. and let founders keep control even after an IPO, have triggered a debate in Britain. A U.K. government-backed report this month recommended allowing companies to use such a setup on the premium segment of the London Stock Exchange, where they’re currently not permitted.“Given volatile global market conditions for IPOs, Deliveroo is choosing to price responsibly within the initial range and at an entry point that maximizes long-term value for our new institutional and retail investors,” the spokesperson said.(Adds revised valuation target, details on Uber ruling from the second paragraph.)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P.

Jeff Bezos Asked Amazon Execs To Fight Back Harder Ahead Of Social Media Clash With Lawmakers: Recode
Mon, 29 Mar 2021 05:52:55 +0000
Amazon.com Inc.’s (NASDAQ: AMZN) social media feud against prominent U.S. lawmakers last week was a result of top company executives following a broad mandate from CEO Jeff Bezos, according to a report by Recode. What Happened: Bezos asked company officials to aggressively push back against criticisms by U.S. senators Bernie Sanders (D-Vt.) and Elizabeth Warren (D-Mass.) of the e-commerce giant’s labor and business practices, as per the report. The move came as Amazon warehouse workers in Alabama were voting on whether to unionize and Sanders, a frequent critic of Amazon, was scheduled to meet with the Amazon warehouse workers on Friday. The vote is scheduled to end on Monday. Top Amazon executive Dave Clark fired off a series of tweets by taking jabs at Sanders over the debate about raising the federal minimum wage. He argued that the minimum wage in Sanders’ home state of Vermont is only $11.75 an hour, while Amazon’s minimum wage is $15 per hour. Clark also advised Sanders to save his “finger wagging lecture until after he actually delivers in his own backyard.” The official “Amazon News” media relations Twitter account then engaged in a feud with Rep. Mark Pocan (D-Wis.) for questioning Clark’s progressive workplace assertion and claiming that Amazon makes workers “urinate in water bottles.” Amazon News also engaged in a tussle with Senator Elizabeth Warren, who accused the company of exploiting tax loopholes. This is extraordinary and revealing. One of the most powerful politicians in the United States just said she’s going to break up an American company so that they can’t criticize her anymore. https://t.co/Nt0wcZo17g — Amazon News (@amazonnews) March 26, 2021 See Also: Amazon Goes On Twitter Offensive Against US Sens. Sanders, Warren Amid Unionization Campaign Why It Matters: Following intense criticism from Sanders and others, Amazon said in 2018 that it would raise its minimum wage to $15 an hour. Bezos admitted in a press release the decision was made after listening to “critics.” In addition, the union campaign has increasing support from U.S. lawmakers. Amazon is worried that if a majority of the Alabama warehouse employees vote to unionize, workers at its other facilities may also vote in a similar manner and force the company to overhaul how it manages its workforce. Price Action: Amazon shares closed 0.02% higher on Friday at $3,052.03. Read Next: Amazon Workers In Germany To Go On Strike For 4 Days Photo by Steve Jurvetson on Flickr See more from BenzingaClick here for options trades from BenzingaTech Stocks Aren't A Buy Right Now But One Giant Is An Exception, Says AnalystWhy Upstart Holdings Stock Jumped 48% Today© 2021 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

Credit Suisse, Goldman, Suez Canal, Oil, Amazon: 5 Things You Must Know
Mon, 29 Mar 2021 05:43:00 +0000
Bank stocks slump after it is revealed U.S.-based hedge fund Archegos Capital defaulted on margin calls; the container ship stuck in the Suez Canal ‘has partially refloated,' economic data this week includes the U.S. jobs report for March.

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