Amazon (AMZN) Offering Possible 7.53% Return Over the Next 22 Calendar Days

Amazon's most recent trend suggests a bearish bias. One trading opportunity on Amazon is a Bear Call Spread using a strike $1857.50 short call and a strike $1862.50 long call offers a potential 7.53% return on risk over the next 22 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $1857.50 by expiration. The full premium credit of $0.35 would be kept by the premium seller. The risk of $4.65 would be incurred if the stock rose above the $1862.50 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 38.05 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

Airbnb’s $2 Billion French Market Under Pressure From Lawmakers
Wed, 29 Jan 2020 10:30:00 +0000
(Bloomberg) — Want the lowdown on European markets? In your inbox before the open, every day. Sign up here.Airbnb Inc.’s listings in France, a major but troubled market for the U.S. home-sharing startup, generated more than $2 billion last year, a person familiar with the matter said.France is Airbnb’s largest market outside of the U.S., offering villas in Provence and the Riviera to apartments on the Champs-Elysees.Bookings using Airbnb’s platform hit $2 billion in 2018 and sales grew in 2019, the person said, asking not to be identified because the information hasn’t been publicly disclosed. Airbnb charges a range of fees — up to 20% — depending on the property. Rentals in France rose last year as more users headed to rural retreats, a spokesman for the company said, declining to comment further.Airbnb is facing a deadline to send rental data to the French tax authorities this week as part of a law that requires marketplaces to share user revenue and other information to the state. Tax collectors will compare Airbnb’s disclosures with that of its hosts to look for tax avoidance.It’s the latest measure in a contentious relationship with France, which has sought to squeeze more data and money out of Airbnb and other tech giants under President Emmanuel Macron’s government.A tax on so-called digital giants is targeting large tech companies, including Google, Apple Inc., Facebook Inc. and Amazon.com Inc. It was enforced last year, but suspended last week as Macron sought to fend off U.S. President Donald Trump’s threats to slap tariffs on French wine and cheese. Airbnb said it contributed between 5 million euros ($5.5 million) and 10 million euros to that tax plan before the freeze.Read more about U.S. retaliation to the digital giants tax.Another newly enacted law forces Airbnb to supply local governments with information about the type of housing being offered, the number of guests and its hosts names and addresses. Paris and Bordeaux have asked for data under the new regulations, which took effect in December, Airbnb said. The company also pays tourist tax, which cost them 58 million euros last year, double the amount from 2018.”We are seeing a net loss of nearly 30,000 homes with the tourist furnished rental platforms,” said spokeswoman for the Paris city council. “Airbnb threatens the soul and identity of a number of neighborhoods. We cannot remain inert in the face of this situation. Every major city in the world is facing this problem.”Still, the country’s popularity makes it an important part in Airbnb’s strategy as it gears up for a listing this year. Chief Executive Officer and co-founder Brian Chesky has promised to list the company, which has a private valuation above $30 billion, before the end of this year when some employee stock grants expire.Read more about the company’s plans to list here.More than a decade after it was founded, Airbnb has plenty of experience dealing with regulators concerned about what the home-sharing platform, which now has more than 7 million listings worldwide, will do to local housing stock. U.S. cities including San Francisco and New York have tried to force Airbnb to hand over more data so they can enforce short-term rental laws.Entr’Hotes, a group of about 20 Paris super hosts have met with lawmakers to discuss their views as the government was preparing laws, and have called for more transparency.“The Paris city wants to make hosts responsible for their failure to managing the housing market in the city. Airbnb must show them wrong, and only showing data will prove it,” said Christine, 63, who rents a room in her private home in Paris’s trendy 11th arrondissement.“One thing they must show on the platform is the difference between us — the home owners who welcome from time-to-time visitors, the DNA of Airbnb — and the professional rentals, hotels and houses,” said Brigitte, another host who rents her 500-square-foot apartment on the South Bank of the Seine River.\–With assistance from Olivia Carville.To contact the reporter on this story: Helene Fouquet in Paris at hfouquet1@bloomberg.netTo contact the editors responsible for this story: Giles Turner at gturner35@bloomberg.net, Amy ThomsonFor 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.

SpaceX will need to solve these two problems for Starlink to be successful
Wed, 29 Jan 2020 10:13:00 +0000
Last March I wrote about Starlink, SpaceX’s next-generation satellite network. CEO Elon Musk, who also heads electric-car maker Tesla (TSLA) expects Starlink to be capable of connecting the globe and offering reliable and affordable broadband internet service via thousands of low-orbit satellites working in combination with ground transceivers. On Jan. 7, SpaceX launched 60 satellites from Cape Canaveral Air Force Station in Florida, bringing the total to 240.

China’s Virus Outbreak Triggers a Global Run on Face Masks
Wed, 29 Jan 2020 09:37:48 +0000
(Bloomberg) — Sign up for Next China, a weekly email on where the nation stands now and where it's going next.People across the globe are stockpiling facial masks to protect themselves from the new coronavirus, depleting online malls and store shelves from California to Beijing. Yet their efficacy against an outbreak that’s claimed more than 130 lives remains uncertain.On Amazon and Alibaba, many shops peddling anti-virus masks had run out of stock as of Wednesday. Across China, Hong Kong and Singapore, people lined up for hours at stores and pharmacies hoping to secure dwindling supplies. People from San Francisco to Orlando said they were unable to find surgical masks at their usual outlets.While the rush is global, Chinese people living abroad have been buying masks — especially the popular N95 variant made by 3M Co. — to send back to family members or resell them online, often via Tencent’s WeChat messaging app. Demand is only likely to increase — even though doubts have surfaced among the medical community about their effectiveness in curbing the disease, which some doctors say can spread through physical contact. The coronavirus, which first emerged in the central Chinese city of Wuhan, has infected more than 6,000 — more than the 5,327 cases officially reported in China during the SARS epidemic of 17 years ago.“I’ve been running around town for days to buy masks,” said Liu Yan, a 36-year-old, who works in the cryptocurrency industry in Tokyo and said she scooped up 2,000 masks to send back to people in China without asking for additional money. She added she may stop buying soon because patient numbers were on the rise in Japan and she didn’t want to deprive locals of supplies.While it’s still unclear how the 2019-nCoV virus is spreading, one confirmed channel is through direct contact with infected people — most likely coming into contact with respiratory secretions or virus-containing droplets from an infected person’s cough. It’s also possible the virus could be shed in other ways, including through the fecal waste of acutely infected people.Good hand hygiene, including the regular use of an alcohol-based sanitizer, may be more effective than face masks at preventing transmission of the 2019-nCoV virus, said Peter Collignon, an infectious diseases physician and microbiologist at Australia’s Canberra Hospital.China’s government has responded to the worsening shortage by cracking down on vendors who sell fake masks or overcharge online. Over 80 shops on e-commerce platform Taobao, run by Alibaba Group Holding Ltd., allegedly sold counterfeit 3M and N95 face masks, Chinese state-media reported Monday. The company said on its official Weibo account it removed shops found to engage in false advertising or price rigging. The e-commerce site said it sold 80 million face masks through Taobao within two days.In Hong Kong, some store chains have begun restricting sales. Watsons said on its official Facebook account it would receive a limited supply on Jan. 30, then limit purchases to 50 masks per person on a first come first serve basis. People in the city who have tried to send masks to mainland China said their deliveries got bounced back without being given a clear reason.3M said it’s increasing output and working with distributors to ensure sufficient inventory to meet demand and supply existing customers, according to a representative. Other factories are ramping up production. In Japan, plants that supply personal care company Unicharm Corp. have been working around the clock since Jan. 17 after orders increased ten-fold, according to spokesman Hitoshi Watanabe.Meanwhile, the global mask stockpiling is spurring market speculation. Shares in surgical equipment maker Medtecs International Corp. have more than quintupled since the start of the year.(Updates with share price surge in the final paragraph)\–With assistance from Ryan Edward Chua, Aaron Mc Nicholas, Sharon Chen, Jason Gale and Jeffrey Hernandez.To contact the reporter on this story: Lulu Yilun Chen in Hong Kong at ychen447@bloomberg.netTo contact the editors responsible for this story: Peter Elstrom at pelstrom@bloomberg.net, Edwin ChanFor 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.

PRESS DIGEST – Wall Street Journal – Jan. 29
Wed, 29 Jan 2020 06:29:17 +0000

PRESS DIGEST- Financial Times – Jan. 29
Wed, 29 Jan 2020 02:21:38 +0000

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