Ultime notizie per Amazon.com (NASDAQ:AMZN) Azioni

Amazon.com

Amazon is the leading online retailer and marketplace for third party sellers. Retail related revenue represents approximately 75% of total, followed by Amazon Web Services' cloud computing, storage, database, and other offerings (15%), advertising services (5% to 10%), and other the remainder. International segments constitute 25% to 30% of Amazon's non-AWS sales, led by Germany, the United Kingdom, and Japan.

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Amazon.com Inc

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Each trading day features hundreds of headlines and press releases on Benzinga Pro, a source for traders to see the latest news on the overall market&nbsp;<a href="https://www.benzinga.com/pro/?utm_source=BZprocontent100224&amp;t=be2bearmibe3na1" target="_blank" rel="noreferrer noopener">and individual tickers.</a>
Here is a look at the most-searched stocks on Benzinga Pro for September 2024. Current prices and year-to-date performance are based on Sept. 30 and do not include dividends.
1. NVIDIA Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>)
<ol></ol>
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<ul>
<li>Current Price: $121.44</li>
<li>52-Week Range: $39.23 to $140.76</li>
<li>Year-to-Date Return: +152.1%</li>
<li><a href="https://www.benzinga.com/top-stories/24/07/39579249/exclusive-top-10-most-searched-tickers-on-benzinga-pro-in-june-where-do-nvidia-gamestop-tesla-apple">June</a>/<a href="https://www.benzinga.com/top-stories/24/08/40119459/exclusive-top-20-most-searched-tickers-on-benzinga-pro-in-july-2024-where-do-tesla-nvidia-apple-crow">July</a>/<a href="https://www.benzinga.com/etfs/broad-u-s-equity-etfs/24/09/40691773/exclusive-top-20-most-searched-tickers-on-benzinga-pro-in-august-2024-where-do-tesla-n">August </a>Ranking: 1st/2nd/1st</li>
</ul>
2. SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>)
<ul>
<li>Current Price: $573.76</li>
<li>52-Week Range: $409.22 to $574.71</li>
<li>Year-to-Date Return: +21.4%</li>
<li>June/July/August Ranking: 3rd/3rd/2nd</li>
</ul>
3. Tesla Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>)
<ul>
<li>Current Price: $261.63</li>
<li>52-Week Range: $138.80 to $271.00</li>
<li>Year-to-Date Return: +5.3%</li>
<li>June/July/August Ranking: 4th/1st/3rd</li>
</ul>
Did You Know?
<ul>
<li>Congress Is Making Huge Investments. <a href="https://www.benzinga.com/gov-trades/?utm_source=BZprocontent100224">Get Tips On What They Bought And Sold Ahead Of The 2024 Election With Our Easy-to-Use Tool</a></li>
</ul>
4. Apple Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>)
<ul>
<li>Current Price: $233.00</li>
<li>52-Week Range: $164.08 to $237.23</li>
<li>Year-to-Date Return: +25.5%</li>
<li>June/July/August Ranking: 5th/7th/6th</li>
</ul>
5. Wheeler Real Estate Investment Trust (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WHLR#NASDAQ">WHLR</a>)
<ul>
<li>Current Price: $8.09</li>
<li>52-Week Range: $2.90 to $1,126.80</li>
<li>Year-to-Date Return: -92.8%</li>
<li>June/July/August Ranking: Not in Top 20 in any</li>
</ul>
6. Invesco QQQ Trust (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>)
<ul>
<li>Current Price: $488.07</li>
<li>52-Week Range: $342.35 to $503.52</li>
<li>Year-to-Date Return: +21.2%</li>
<li>June/July/August Ranking: 11th/11th/9th</li>
</ul>
7. Super Micro Computer (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMCI#NASDAQ">SMCI</a>)
<ul>
<li>Current Price: $416.40</li>
<li>52-Week Range: $226.59 to $1,229.00</li>
<li>Year-to-Date Return: +45.9%</li>
<li>June/July/August Ranking: 10th/19th/4th</li>
</ul>
8. Galmed Pharmaceuticals (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GLMD#NASDAQ">GLMD</a>)
<ul>
<li>Current Price: $6.86</li>
<li>52-Week Range: $2.73 to $23.80</li>
<li>Year-to-Date Return: +29.9%</li>
<li>June/July/August Ranking: Not in Top 20 in any</li>
</ul>
9. Intel Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INTC#NASDAQ">INTC</a>)
<ul>
<li>Current Price: $23.46</li>
<li>52-Week Range: $18.51 to $51.28</li>
<li>Year-to-Date Return: -50.9%</li>
<li>June/July/August Ranking: Not in Top 20 in any</li>
</ul>
10. Intuitive Machines (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LUNR#NASDAQ">LUNR</a>)
<ul>
<li>Current Price: $8.05</li>
<li>52-Week Range: $2.09 to $13.25</li>
<li>Year-to-Date Return: +241.1%</li>
<li>June/July/August Ranking: Not in Top 20/Not in Top 20/20th</li>
</ul>
Honorable Mentions:&nbsp;The following stocks were the 11th&nbsp;to 20th&nbsp;most-searched tickers on&nbsp;<a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent090324&amp;t=be2bearmibe3na1" target="_blank" rel="noreferrer noopener">Benzinga Pro</a>&nbsp;in September 2024.
11. Summit Therapeutics (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMMT#NASDAQ">SMMT</a>)
12. Palantir Technologies (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PLTR#NYSE">PLTR</a>)
13. Micron Technology (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MU#NASDAQ">MU</a>)
14. Tenon Medical (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TNON#NASDAQ">TNON</a>)
15. CN Energy Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CNEY#NASDAQ">CNEY</a>)
16. Quhuo Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QH#NASDAQ">QH</a>)
17. ENDRA Life Sciences (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NDRA#NASDAQ">NDRA</a>):
18. Applied Digital Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/APLD#NASDAQ">APLD</a>)
19. Immuneering Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IMRX#NASDAQ">IMRX</a>)
20. Trump Media &amp; Technology Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DJT#NASDAQ">DJT</a>)
Why It&#8217;s Important:&nbsp;Nvidia was the top searched stock on Benzinga Pro for the month of September once again. The stock has ranked first or second for every month tracked since February, sometimes alternating with SPY or Tesla.
The SPDR S&amp;P 500 ETF Trust ranked second for a second straight month, which comes as the S&amp;P 500 tracking index hit new all-time highs in the month of September.
Tesla, which topped the month of July, has ranked third for two straight weeks. The stock has ranked among the top four stocks searched in each month tracked in 2024.
The bigger story in September were the newcomers and the stocks that dropped off.
Newcomers to the top 10 included Wheeler Real Estate, Galmed, Intel and Intuitive. Of the four stocks, only Intuitive had ranked in the top 20 over the last three months. The newcomers all had catalysts in the last month that made their stocks highly volatile.
On the 11th through 20th portion of the list, the stocks were all different from the previous month with Intuitive moving to the top 10 and Palantir going from 7th to 12th and the other stocks all new to the top 20.
Several of the companies ranked in the bottom part of the top 20 are penny stocks trading at less than $5 per share that saw wide moves that saw increased interest from Benzinga traders.
One of the bigger names to make the top 20, by name recognition, is Trump Media &amp; Technology Group, the company that counts former President Donald Trump as a co-founder. The stock has been highly volatile during the 2024 election cycle.
Dropping out of the top 10 were Lumen Technologies (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LUMN#NYSE">LUMN</a>), Advanced Micro Devices (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMD#NASDAQ">AMD</a>), Geovax Labs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOVX#NASDAQ">GOVX</a>) and the aforementioned Palantir.
Other big names that exited the top 20 include Amazon.com Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>) that was 13th in August and fell to 24th to narrowly miss the list.
Meta Platforms (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>), which has frequently appeared in the top 20 and was ranked 15th in August dropped out of the top 20.
Overall the month of September saw six of the same top 10 tickers from August and eight of the top 20 tickers from August.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/exclusives/24/07/39603613/exclusive-top-10-most-searched-tickers-on-benzinga-pro-in-first-half-2024-where-do-nvidia-tesla-pala">EXCLUSIVE: Top 10 Most Searched Tickers On Benzinga Pro In First Half 2024 – Where Do Nvidia, Tesla, Palantir, GameStop Rank?</a></li>
</ul>
Image: Shutterstock

Exclusives

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EXCLUSIVE: Top 20 Most-Searched Tickers On Benzinga Pro In September 2024 – Where Do Tesla, Nvidia, Apple, DJT Stock Rank?

Netflix Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NFLX#NASDAQ">NFLX</a>), Warner Bros. Discovery, Inc.&#8217;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WBD#NASDAQ">WBD</a>) HBO Go and Walt Disney Co.&#8217;s (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DIS#NYSE">DIS</a>) Disney+ were affected by a law signed by President Ferdinand Marcos Jr. on Wednesday imposed a <a href="https://www.pna.gov.ph/articles/1234557" target="_blank" rel="noreferrer noopener">12% value-added tax</a> (VAT) on non-resident digital service providers to bring them up to par with local providers.
The law also affected Alphabet Inc.&#8217;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>) Google, Spotify Technology SA (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPOT#NYSE">SPOT</a>) and Amazon.com Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>).
The VAT on foreign digital services will likely contribute 105 billion pesos in revenue in the next five years.
Also Read: <a target="_blank" href="https://www.benzinga.com/news/24/09/40840759/charter-warner-bros-deal-warner-adds-max-to-spectrum-tv-charter-pays-more-for-premium-channels" rel="noreferrer noopener">Charter-Warner Bros Deal: Warner Adds Max To Spectrum TV, Charter Pays More For Premium Channels</a>
Bureau of Internal Revenue (BIR) Commissioner Romeo Lumagui Jr. said the collected taxes go to the government&#8217;s infrastructure and social welfare services programs.
Streaming giant Netflix&#8217;s stock has increased 87% in the past 12 months as it continues to win market share with its diverse slate of content. JP Morgan&#8217;s Doug Anmuth highlighted <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/09/40860759/netflixs-ad-tier-expansion-and-password-crackdown-fuel-revenue-growth-jp-morgan-ana" target="_blank" rel="noreferrer noopener">continued margin expansion</a> backed by content, ads and gaming investment. He also projected high-margin revenue from ad-supported tier and paid sharing.
Walt Disney stock is up close to 15% in the past 12 months. Goldman Sachs&nbsp;analyst Michael Ng expects&nbsp;Disney&#8217;s <a href="https://www.benzinga.com/news/24/09/41045649/disney-trims-workforce-by-300-targets-corporate-departments-for-cost-management" target="_blank" rel="noreferrer noopener">box office blockbusters</a>&nbsp;and streaming growth to help offset Experiences and linear weakness.
Price Actions: At publication Wednesday, Netflix stock was up 0.62% at $710.51 and Disney stock was down 0.29% at $93.78.
Also Read:
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<li><a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/09/41052867/disneys-streaming-surge-epic-games-deal-among-key-growth-drivers-says-analyst" target="_blank" rel="noreferrer noopener">Disney&#8217;s Streaming Surge, Epic Games Deal Among Key Growth Drivers, Says Analyst</a></li>
</ul>
Photo: Shutterstock

Entertainment

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Netflix, Disney+, Amazon Hit By Philippine's New 12% Tax On Digital Providers

<a href="https://www.ft.com/content/f8112991-820c-4e09-bcf4-23b5e0f190a5" title="https://www.ft.com/content/f8112991-820c-4e09-bcf4-23b5e0f190a5">https://www.ft.com/content/f8112991-820c-4e09-bcf4-23b5e0f190a5</a>

'Amazon To Increase Number Of Advertisements On Prime Video' - Financial Times

To gain an edge, this is what you need to know today.
<figure class="wp-block-image size-large is-resized"><img decoding="async" src="https://thearorareport.com/wp-content/uploads/2024/10/2024-10-02_09h01_16.png" alt="" style="width:624px" /></figure>
<h4 class="wp-block-heading">The Power Of Missile Defense</h4>
Please <a href="https://thearorareport.com/chart-analysis-stock-market-raytheon-missile-defense-iron-dome-patriot-rtx-mc-10022024">click here</a> for an enlarged chart of Rtx Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RTX#NYSE">RTX</a>).
Note the following:
<ul>
<li>This article is about the big picture, not an individual stock. The chart of RTX stock is being used to illustrate the point.</li>
<li>Yesterday, Iran fired about 180 ballistic missiles on Israel.  Israel and the U.S. were able to intercept most of these missiles with missile defense systems. These missiles reached Israel in 12 minutes. The defense was impressive considering there were no fatalities.</li>
<li>What happened in Israel yesterday shows the power of missile defense systems and illustrates the opportunity for investors in missile defense stocks.</li>
<li>As full disclosure, RTX is in The Arora Report&#8217;s ZYX Buy Core Model Portfolio. RTX is The Arora Report's favorite missile defense stock.&nbsp;</li>
<li>The chart shows that RTX has broken out on the success of missile defense in Israel.</li>
<li>RTX is a joint developer of the Iron Dome used in Israel. RTX is best known for its Patriot Air And Missile Defense System.  RTX also produces several other missile defense systems and aircraft engines.</li>
<li>RTX entered The Arora Report portfolio when the stock experienced a massive drop on the news of cracks in Pratt &amp; Whitney engines. The Arora Report uses over 50 different strategies. RTX belongs to the strategy of buying a good company where the stock is down due to a fixable technical problem.</li>
<li>The chart shows the power of buy zones.  Buy zones allow investors to buy stocks and ETFs when the probability adjusted risk reward is more favorable.  Risk and reward are two sides of the same coin in investing. Smart money focuses on risk adjusted returns. In contrast, the momo crowd focuses only on rewards – the result is that the momo crowd goes through volatile cycles of making money and losing money, and in the end, accumulating far less than smart money.</li>
<li>The chart illustrates the power of a billionaire and hedge fund technique known as a trade around position.&nbsp; A trade around position can dramatically increase profits and reduce risks.</li>
<li>The chart shows that the RTX trade around position was started at an average of $80.70. The position has over 50% gain as of this writing.  The trade around position is separate and distinct from the core position.</li>
<li>Peace is not about to break out in the world.&nbsp; As such, all investors should consider a defense stock or ETF in their portfolio.</li>
<li>For those interested in ETFs, The Arora Report&#8217;s ETF of choice is iShares US Aerospace &amp; Defense ETF (BATS:<a class="ticker" href="https://www.benzinga.com/stock/ITA#BATS">ITA</a>).&nbsp; As full disclosure, ITA is in The Arora Report&#8217;s ZYX Allocation Model Portfolio.&nbsp;</li>
<li>Automatic Data Processing Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ADP#NASDAQ">ADP</a>) is the largest private payroll processor in the country.&nbsp; ADP uses its data to provide a glimpse of the employment picture ahead of the official jobs report that will be released on Friday.&nbsp; ADP employment change came at 143K vs. 120K consensus.&nbsp; This indicates that the jobs picture is staying strong.</li>
<li>Previously, JOLTS job openings came at 8.04M, higher than expectations.</li>
<li>&nbsp;ISM Manufacturing Index came at 47.2 vs. 47.4 consensus.</li>
</ul>
<h3 class="wp-block-heading">Buying Stampede</h3>
Stocks are experiencing a once in a century buying stampede in Hong Kong.  Stocks in Hong Kong rose 7%. Property developers rose 47%, and broker stocks rose 35%.  As full disclosure, Hong Kong ETF iShares China Large-Cap ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FXI#NYSE">FXI</a>) is in The Arora Report&#8217;s ZYX Emerging.
<h3 class="wp-block-heading">Magnificent Seven Money Flows</h3>
In the early trade, money flows are neutral in Microsoft Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>) and Meta Platforms Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>).
In the early trade, money flows are negative in &nbsp;Apple Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>), Amazon.com, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>), Alphabet Inc Class C (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>), NVIDIA Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>), and Tesla Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>).
In the early trade, money flows are negative in SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) and Invesco QQQ Trust Series 1 (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>).
<h3 class="wp-block-heading">Momo Crowd And Smart Money In Stocks</h3>
Investors can gain an edge by knowing money flows in SPY and QQQ.  Investors can get a bigger edge by knowing when smart money is buying stocks, gold, and oil.  The most popular ETF for gold is SPDR Gold Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GLD#NYSE">GLD</a>).  The most popular ETF for silver is iShares Silver Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SLV#NYSE">SLV</a>). The most popular ETF for oil is United States Oil ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/USO#NYSE">USO</a>).
<h3 class="wp-block-heading">Bitcoin</h3>
Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) is seeing selling along with junk stocks.
<h3 class="wp-block-heading">Protection Band And What To Do Now</h3>
It is important for investors to look ahead and not in the rearview mirror.
Consider continuing to hold good, very long term, existing positions. Based on individual risk preference, consider a protection band consisting of cash or Treasury bills or short-term tactical trades as well as short to medium term hedges and short term hedges. This is a good way to protect yourself and participate in the upside at the same time.
You can determine your protection bands by adding cash to hedges. The high band of the protection is appropriate for those who are older or conservative. The low band of the protection is appropriate for those who are younger or aggressive. If you do not hedge, the total cash level should be more than stated above but significantly less than cash plus hedges.
A protection band of 0% would be very bullish and would indicate full investment with 0% in cash. A protection band of 100% would be very bearish and would indicate a need for aggressive protection with cash and hedges or aggressive short selling.
It is worth reminding that you cannot take advantage of new upcoming opportunities if you are not holding enough cash.  When adjusting hedge levels, consider adjusting partial stop quantities for stock positions (non ETF); consider using wider stops on remaining quantities and also allowing more room for high beta stocks. High beta stocks are the ones that move more than the market.
<h3 class="wp-block-heading">Traditional 60/40 Portfolio</h3>
Probability based risk reward adjusted for inflation does not favor long duration strategic bond allocation at this time.
Those who want to stick to traditional 60% allocation to stocks and 40% to bonds may consider focusing on only high quality bonds and bonds of five year duration or less.&nbsp; Those willing to bring sophistication to their investing may consider using bond ETFs as tactical positions and not strategic positions at this time.
The Arora Report is known for its accurate calls. The Arora Report correctly called the big artificial intelligence rally before anyone else, the new bull market of 2023, the bear market of 2022, new stock market highs right after the virus low in 2020, the virus drop in 2020, the DJIA rally to 30,000 when it was trading at 16,000, the start of a mega bull market in 2009, and the financial crash of 2008. Please click here to sign up for a free forever <a href="https://thearorareport.com/generate-wealth-newsletter-benzinga">Generate Wealth Newsletter</a>.

Market Summary

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General

$BTC

iShares Dow Jones US Aerospace & Defense Index Fund

Opportunity In Missile Defense Stocks, Once In A Century Buying Stampede In Hong Kong

Digital advertising&#8217;s heavy hitters are entering the fourth quarter with positive momentum, according to Wedbush Securities&#8217; <a href="https://www.benzinga.com/topic/dan-ives">analyst Dan Ives</a>. 
In Wedbush Securities&#8217; latest survey of over 200 U.S.-based marketers, advertisers expressed bullish sentiments for Meta Platforms Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>), The Trade Desk Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TTD#NASDAQ">TTD</a>), and Amazon.com Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>) as the sector prepares for 2025 and beyond.
<h2 class="wp-block-heading">Meta: Bucking The Slowdown Trend?</h2>
Meta is getting encouraging marks from advertisers, with only a slight deceleration in growth reported between the second and third quarter. More importantly, spending intent for 2025 looks bright. 
"Advertisers we reached are planning to accelerate their Meta ad spending in 2025 versus 2H24," Ives notes. 
This upbeat sentiment counters market models that expect a slowdown, and Meta is projected to outperform consensus estimates for next year.
<h2 class="wp-block-heading">The Trade Desk: Accelerating Growth</h2>
For The Trade Desk, it's more good news. 
Growth appears to be picking up speed, with advertisers reporting stronger numbers for the third quarter compared to second. 
"Our survey showed accelerating growth for TTD in 3Q versus 2Q," Ives observed. While consensus expects stable growth, the sentiment from advertisers implies a stronger performance as we head into the final quarter of 2024 and beyond.
Read Also: <a href="https://www.benzinga.com/news/24/10/41141444/tesla-stock-plunges-3-despite-q3-deliveries-exceeding-consensus-and-growing-year-over-year">Tesla Stock Plunges 3% Despite Q3 Deliveries Exceeding Consensus And Growing Year-Over-Year</a>
<h2 class="wp-block-heading">Amazon: Stronger Ad Spending Growth</h2>
Amazon's advertising game is also on the rise, with advertisers noting a sequential improvement in the third quarter. "Our survey suggests a sequential improvement in Amazon's ad business in 3Q," according to Wedbush. 
While analysts expect Amazon's ad revenue growth to slow slightly, Wedbush estimates still show a healthy increase of more than 19% year over year.
<h2 class="wp-block-heading">A Bullish Future?</h2>
With strong feedback across Meta, Trade Desk, and Amazon, Wedbush&#8217;s survey points to a robust future for digital advertising. 
As marketers ramp up spending into 2025, these tech giants could see their ad revenue growth exceed expectations, reinforcing their dominant positions in the digital landscape.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/news/24/10/41139084/nvidia-expands-ai-offerings-with-new-open-source-models-and-unreal-engine-5-plugins">Nvidia Expands AI Offerings with New Open-Source Models and Unreal Engine 5 Plugins</a></li>
</ul>
Image: Shutterstock

Analyst Color

Analyst Ratings

Meta, Trade Desk, Amazon: Digital Ad Titans Set For Strong 2025 Growth, Tech Analyst Says

<a href="https://x.com/Teamsters/status/1841502404870623364" title="https://x.com/Teamsters/status/1841502404870623364">https://x.com/Teamsters/status/1841502404870623364</a>

Contracts

Management

Teamsters Posts On X "BREAKING: Over 100 Amazon warehouse workers at the trillion-dollar company's DCK6 warehouse in San Francisco have joined the Teamsters and are demanding that Amazon recognize their union and negotiate a Teamsters contract...."

Taiwan Semiconductor Manufacturing Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TSM#NYSE">TSM</a>) stock has gained over 96% in the last 12 months, as the hyperscalars&#8217; artificial intelligence ambitions translate into higher demand for AI chips from companies like Nvidia Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>).
Recently, Taiwan&#8217;s National Science and Technology Council&nbsp;(NSTC) Minister Wu Cheng-wen flagged Taiwan Semiconductor&#8217;s <a target="_blank" href="https://www.benzinga.com/government/24/10/41114632/taiwan-semiconductors-2-nm-breakthrough-puts-taiwan-a-decade-ahead-of-chinas-semiconductor-industry" rel="noreferrer noopener">2-nanometer technology</a>, which puts it ahead of China by at least a decade.
Taiwan Semiconductor aims to develop 2nm chips in at least <a target="_blank" href="https://www.benzinga.com/government/24/09/41007184/taiwan-semi-secures-7-5b-boost-for-arizona-expansion-aims-for-advanced-chip-production-report" rel="noreferrer noopener">2 U.S. fabs</a>. Its overall investment in Arizona exceeded&nbsp;$65 billion.
Also Read: <a target="_blank" href="https://www.benzinga.com/government/24/10/41127863/despite-nvidia-selloff-bidens-law-and-taiwan-semis-advantage-offer-growth-potential" rel="noreferrer noopener">Despite Nvidia Selloff, Biden&#8217;s Law and Taiwan Semi&#8217;s Advantage Offer Growth Potential</a>
<figure class="wp-block-image size-full"><img loading="lazy" decoding="async" width="750" height="650" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/02044304/newplot-1.png" alt="" class="wp-image-576041" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/02044304/newplot-1.png 750w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/02044304/newplot-1-300x260.png 300w" sizes="(max-width: 750px) 100vw, 750px" /></figure>
Bloomberg <a target="_blank" href="https://www.bloomberg.com/news/audio/2024-10-01/tsmc-remains-the-bedrock-of-taiwan-s-market-growth-tiger-money?in_source=podcasts_29_play-episode&amp;sref=TBDibEcD" rel="noreferrer noopener">reports</a> that Taiwan Semiconductor accounts for 36% of Taiwan&#8217;s index weighting. According to Bloomberg, exchange-traded funds will likely keep retail and institutional investors hooked, driven by the demand for AI applications.
Despite tailwinds, Taiwan Semiconductor is susceptible to geopolitical risks and rising tension between the U.S. and China.
Chinese leader Xi Jinping reiterated his commitment to &#8220;reunification&#8221; with Taiwan on the eve of China&#8217;s 75th anniversary, CNN <a target="_blank" href="https://edition.cnn.com/2024/10/01/china/china-xi-reunification-taiwan-national-day-intl-hnk/index.html" rel="noreferrer noopener">reports</a>, implying that geopolitical tensions will persist.
On Sunday, U.S. President Joe Biden approved Taiwan&#8217;s $567 million military aid package.
For context, the U.S. sanctions on China forbid the Asian counterpart from importing Nvidia artificial intelligence chips.
Although China&#8217;s Communist Party has never governed Taiwan, it claims the self-governing democracy as its own. Since the end of the Chinese civil war in 1949, China and Taiwan have been ruled by separate governments.
Investors can gain exposure to the semiconductor ETF through the First Trust Nasdaq Semiconductor ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FTXL#NASDAQ">FTXL</a>) and the EA Series Trust Strive US Semiconductor ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SHOC#NYSE">SHOC</a>).
Price Action: TSM stock is up 0.57% at $173.05 premarket at last check Wednesday.
Also Read:
<ul>
<li><a href="https://www.benzinga.com/news/24/10/41119735/nvidia-faces-new-competition-cerebras-files-for-ipo-huawei-pushes-ai-chips" target="_blank" rel="noreferrer noopener">Nvidia Faces New Competition: Cerebras Files for IPO, Huawei Pushes AI Chips</a></li>
</ul>
Photo via Shutterstock

Emerging Markets

FTXL

EA Series Trust Strive U.S. Semiconductor ETF

SHOC

Taiwan Semiconductor Has Soared 96% But Geopolitical Risks Persist

Amazon.com Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>) has reportedly launched a new AI chatbot named &#8220;Cedric,&#8221; designed to be safer than ChatGPT created by OpenAI for internal use.
What Happened: The internal document obtained by Business Insider describes Cedric as a &#8220;general purpose AI chatbot&#8221; that can assist employees with tasks such as asking questions, summarizing documents, and brainstorming ideas. This tool aims to boost productivity and job satisfaction among Amazon employees, Business Insider <a href="https://www.businessinsider.in/artificial-intelligence/news/amazon-quietly-rolled-out-a-new-ai-chatbot-that-is-safer-than-chatgpt-for-employees-to-use/articleshow/113860733.cms">reported</a> on Tuesday.
Amazon has been cautious about using third-party AI tools like ChatGPT due to security concerns. The company formalized guidelines earlier this year to ban external AI tools for business purposes. Cedric is part of Amazon&#8217;s effort to provide a secure alternative.
According to the internal document, Cedric was developed using Amazon&#8217;s Bedrock AI platform and Anthropic&#8217;s Claude large language model. It is designed to handle highly confidential data securely, with chat history saved in an encrypted database.
See Also: <a href="https://www.benzinga.com/news/24/10/41111038/elon-musk-gets-bold-font-removed-from-xs-main-timeline-because-of-excessive-use-my-eyes-are-bleeding?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Elon Musk Gets Bold Font Removed From X&#8217;s Main Timeline Because Of &#8216;Excessive&#8217; Use: &#8216;My Eyes Are Bleeding&#8217;</a>
Amazon employees are encouraged to use Cedric for creating memos, turning meeting notes into emails, and generating new ideas. However, for code generation, employees should use Amazon Q instead of Cedric.
Amazon has yet to respond to <a href="http://pro.benzinga.com">Benzinga&#8217;s</a> queries.
Why It Matters: Amazon&#8217;s introduction of Cedric follows its ongoing efforts to enhance AI capabilities internally. Earlier this year, Amazon was reported to be working on a <a href="https://www.benzinga.com/markets/equities/24/06/39470396/amazon-set-to-challenge-chatgpt-parent-openai-with-new-ai-service-metis-report">new AI chatbot,</a> codenamed Metis, designed to compete with OpenAI's ChatGPT. Metis aims to provide real-time information and automate tasks using a technique called retrieval-augmented generation.
Additionally, Amazon has been leveraging AI to <a href="https://www.benzinga.com/news/24/06/39529418/amazon-leverages-ai-to-aid-in-finance-operations-and-improve-analyses">improve its finance operations</a>. The company has integrated generative AI into its finance teams to assist with complex analyses, moving beyond traditional rules-based systems and machine learning. 
Previously, CEO Andy Jassy also highlighted the significant amount of work hours that have been saved by their generative artificial <a href="https://www.benzinga.com/markets/equities/24/08/40524790/amazon-ceo-andy-jassy-says-companys-ai-assistant-has-saved-260m-and-4-5k-developer-years-of-work">intelligence assistant, Amazon Q</a>. Calling it a &#8220;game changer,&#8221; Jassy noted that Amazon Q&#8217;s efficiency is equivalent to &#8220;4,500 developer-years of work.&#8221;
Read Next: 
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<li><a href="https://www.benzinga.com/news/24/09/41087287/elon-musk-responds-after-y-combinators-paul-graham-says-twitter-name-change-was-a-waste-of-time-you?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Elon Musk Responds After Y Combinator&#8217;s Paul Graham Says Twitter Name Change &#8216;Was A Waste Of Time:&#8217; &#8216;You Know Nothing&#8217;</a></li>
</ul>
Disclaimer: This content was partially produced with the help of&nbsp;<a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noreferrer noopener">Benzinga Neuro</a>&nbsp;and was reviewed and published by Benzinga editors.
Image via Shutterstock

Amazon Reportedly Urges Employees To Use In-House AI Chatbot 'Safer' Than ChatGPT

Investors faced a turbulent day in the stock market, reacting to a series of events that could potentially impact the values of stocks and sectors in the coming weeks. The S&amp;P 500 and the Nasdaq indices were affected by geopolitical tensions in the Middle East, the aftermath of Hurricane Helene, and ongoing port strikes. 
The major indices closed the day lower, with the Dow Jones Industrial Average slipping 0.4% to 42,156.97 and the S&amp;P 500 falling 0.9% to 5,708.75. The Nasdaq finished Tuesday down 1.5% at 17,910.36.
These are the top stocks that gained the attention of retail traders and investors throughout the day:
Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) closed down 1.38% at $258.02, with an intraday high of $263.98 and low of $248.53. Tesla&#8217;s recent 24% monthly surge sets the stage for a pivotal October, with analysts <a href="https://www.benzinga.com/trading-ideas/technicals/24/10/41116889/tesla-stock-speeds-ahead-of-mag7-peers-can-octobers-robotaxi-reveal-keep-the-momentum">closely watching</a> the upcoming Robotaxi event on Oct. 10, anticipated to bring significant updates on full self-driving and autonomous vehicles. Key announcements on operating costs, scaling, and potential new models could shape Tesla&#8217;s next chapter.
Amazon.com Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>) ended the day down 0.64% at $185.13. The tech giant&#8217;s stock was affected by a <a href="https://www.benzinga.com/news/24/10/41111978/dockworkers-strike-will-it-impact-your-holiday-shopping">dockworkers strike</a> that could potentially impact holiday shopping and cost the economy $540 million daily. Tech giants are bracing for potential disruptions that may affect East Coast ports.
See Also: <a href="https://www.benzinga.com/markets/equities/24/09/41084992/nvidia-stock-could-touch-800-by-2030-bgg-executive-predicts-550-upside-driven-by-ai-revolution-a?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Nvidia Stock Could Touch $800 By 2030, BGG Executive Predicts 550% Upside Driven By AI Revolution And Web3 Transition</a>
Nike Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NKE#NYSE">NKE</a>) closed up 0.83% at $89.13. The company&#8217;s shares rose despite <a href="https://www.benzinga.com/news/earnings/24/10/41129610/nike-q1-earnings-revenue-miss-eps-beat-teams-energized-amid-ceo-transition-a-comeback-at-this-scale">missing revenue estimates</a> in its first-quarter financial results.
Walmart Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WMT#NYSE">WMT</a>) ended the day up 0.64% at $81.27. The retail giant&#8217;s stock was <a href="https://www.benzinga.com/insights/news/24/10/41121254/walmart-president-and-ceo-trades-companys-stock">influenced</a> by the company&#8217;s CEO Douglas McMillon selling 29,124 shares of Walmart, as revealed in a recent SEC filing.
Alibaba Group Holding Limited (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BABA#NYSE">BABA</a>) closed up 6.24% at $112.74. The company&#8217;s shares surged amidst <a href="https://www.benzinga.com/news/24/10/41120957/alibabas-sun-art-faces-uncertainty-as-trading-suspension-fuels-divestment-rumors-report">speculation about Alibaba&#8217;s divestment</a> of stake in Sun Art Retail Group.
Image via Shutterstock
Prepare for the day&#8217;s trading <a href="Premarket Movers &amp; News">with top premarket movers and news</a> by Benzinga.
Read Next: 
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<li><a href="https://www.benzinga.com/markets/asia/24/10/41123045/baidu-jd-in-focus-as-jim-cramer-weighs-in-on-chinas-stock-stabilization-fund">Baidu, JD In Focus As Jim Cramer Weighs In On China&#8217;s Stock Stabilization Fund</a></li>
</ul>
This story was generated using <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and edited by <a href="https://www.benzinga.com/author/shivdeep-dhaliwal" target="_blank" rel="noreferrer noopener">Shivdeep Dhaliwal</a>

Equities

BABA

Tesla, Amazon, Nike, Walmart, Alibaba: Why These 5 Stocks Are On Investors' Radars Today

Amazon Pharmacy Customers Can Have Their Medications Pre-Sorted Into Packets Using New Pillpack Feature

This whale alert can help traders discover the next big trading opportunities.
Whales are entities with large sums of money and we track their transactions here at Benzinga on our options activity scanner.
Traders will search for circumstances when the market estimation of an option diverges heavily from its normal worth. High amounts of trading activity could push option prices to exaggerated or underestimated levels. 
Below are some instances of options activity happening in the Consumer Discretionary sector: 
<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>TSLA</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>10/04/24</td>
<td>$252.50</td>
<td>$78.0K</td>
<td>3.7K</td>
<td>19.5K</td>
</tr>
<tr>
<td>BABA</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>01/16/26</td>
<td>$150.00</td>
<td>$101.3K</td>
<td>3.4K</td>
<td>7.0K</td>
</tr>
<tr>
<td>PDD</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>10/04/24</td>
<td>$142.00</td>
<td>$76.0K</td>
<td>1.3K</td>
<td>2.9K</td>
</tr>
<tr>
<td>CVNA</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>10/04/24</td>
<td>$175.00</td>
<td>$45.7K</td>
<td>1.7K</td>
<td>2.2K</td>
</tr>
<tr>
<td>AMZN</td>
<td>CALL</td>
<td>SWEEP</td>
<td>NEUTRAL</td>
<td>01/17/25</td>
<td>$205.00</td>
<td>$26.5K</td>
<td>7.3K</td>
<td>1.3K</td>
</tr>
<tr>
<td>CPNG</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>01/17/25</td>
<td>$27.50</td>
<td>$27.1K</td>
<td>10.1K</td>
<td>515</td>
</tr>
<tr>
<td>SBUX</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>11/15/24</td>
<td>$90.00</td>
<td>$35.8K</td>
<td>8.3K</td>
<td>454</td>
</tr>
<tr>
<td>UA</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>01/17/25</td>
<td>$7.50</td>
<td>$39.0K</td>
<td>2.9K</td>
<td>301</td>
</tr>
<tr>
<td>LOW</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>10/04/24</td>
<td>$265.00</td>
<td>$151.1K</td>
<td>640</td>
<td>221</td>
</tr>
<tr>
<td>SG</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>10/18/24</td>
<td>$35.00</td>
<td>$28.3K</td>
<td>2.0K</td>
<td>158</td>
</tr>
</tbody>
</table>

<h2>Explanation</h2>
These bullet-by-bullet explanations have been constructed using the accompanying table. 
• Regarding TSLA (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>), we observe a put option sweep with bearish sentiment. It expires in 3 day(s) on October 4, 2024. Parties traded 122 contract(s) at a $252.50 strike. This particular put needed to be split into 20 different trades to become filled. The total cost received by the writing party (or parties) was $78.0K, with a price of $640.0 per contract. There were 3711 open contracts at this strike prior to today, and today 19562 contract(s) were bought and sold. 
• Regarding BABA (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BABA#NYSE">BABA</a>), we observe a call option trade with bullish sentiment. It expires in 472 day(s) on January 16, 2026. Parties traded 109 contract(s) at a $150.00 strike. The total cost received by the writing party (or parties) was $101.3K, with a price of $930.0 per contract. There were 3445 open contracts at this strike prior to today, and today 7028 contract(s) were bought and sold. 
• Regarding PDD (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PDD#NASDAQ">PDD</a>), we observe a call option trade with bearish sentiment. It expires in 3 day(s) on October 4, 2024. Parties traded 200 contract(s) at a $142.00 strike. The total cost received by the writing party (or parties) was $76.0K, with a price of $380.0 per contract. There were 1322 open contracts at this strike prior to today, and today 2989 contract(s) were bought and sold. 
• Regarding CVNA (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CVNA#NYSE">CVNA</a>), we observe a call option sweep with bearish sentiment. It expires in 3 day(s) on October 4, 2024. Parties traded 127 contract(s) at a $175.00 strike. This particular call needed to be split into 67 different trades to become filled. The total cost received by the writing party (or parties) was $45.7K, with a price of $360.0 per contract. There were 1797 open contracts at this strike prior to today, and today 2251 contract(s) were bought and sold. 
• Regarding AMZN (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>), we observe a call option sweep with neutral sentiment. It expires in 108 day(s) on January 17, 2025. Parties traded 47 contract(s) at a $205.00 strike. This particular call needed to be split into 4 different trades to become filled. The total cost received by the writing party (or parties) was $26.5K, with a price of $565.0 per contract. There were 7380 open contracts at this strike prior to today, and today 1390 contract(s) were bought and sold. 
• Regarding CPNG (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CPNG#NYSE">CPNG</a>), we observe a call option trade with bearish sentiment. It expires in 108 day(s) on January 17, 2025. Parties traded 280 contract(s) at a $27.50 strike. The total cost received by the writing party (or parties) was $27.1K, with a price of $97.0 per contract. There were 10178 open contracts at this strike prior to today, and today 515 contract(s) were bought and sold. 
• For SBUX (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SBUX#NASDAQ">SBUX</a>), we notice a put option trade that happens to be bearish, expiring in 45 day(s) on November 15, 2024. This event was a transfer of 200 contract(s) at a $90.00 strike. The total cost received by the writing party (or parties) was $35.8K, with a price of $179.0 per contract. There were 8384 open contracts at this strike prior to today, and today 454 contract(s) were bought and sold. 
• For UA (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UA#NYSE">UA</a>), we notice a call option sweep that happens to be bearish, expiring in 108 day(s) on January 17, 2025. This event was a transfer of 300 contract(s) at a $7.50 strike. This particular call needed to be split into 19 different trades to become filled. The total cost received by the writing party (or parties) was $39.0K, with a price of $130.0 per contract. There were 2998 open contracts at this strike prior to today, and today 301 contract(s) were bought and sold. 
• Regarding LOW (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LOW#NYSE">LOW</a>), we observe a call option sweep with bullish sentiment. It expires in 3 day(s) on October 4, 2024. Parties traded 195 contract(s) at a $265.00 strike. This particular call needed to be split into 17 different trades to become filled. The total cost received by the writing party (or parties) was $151.1K, with a price of $775.0 per contract. There were 640 open contracts at this strike prior to today, and today 221 contract(s) were bought and sold. 
• For SG (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SG#NYSE">SG</a>), we notice a put option sweep that happens to be bearish, expiring in 17 day(s) on October 18, 2024. This event was a transfer of 126 contract(s) at a $35.00 strike. This particular put needed to be split into 30 different trades to become filled. The total cost received by the writing party (or parties) was $28.3K, with a price of $225.0 per contract. There were 2014 open contracts at this strike prior to today, and today 158 contract(s) were bought and sold. 
Options Alert Terminology 
 - Call Contracts: The right to buy shares as indicated in the contract. 
 - Put Contracts: The right to sell shares as indicated in the contract. 
 - Expiration Date: When the contract expires. One must act on the contract by this date if one wants to use it. 
 - Premium/Option Price: The price of the contract. 
For more information, visit our <a href="https://pro.benzinga.com/blog/how-to-understand-option-alerts/">Guide to Understanding Options Alerts</a> or read <a href="https://www.benzinga.com/markets/options">more about unusual options activity</a>. 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Options

CPNG

CVNA

Citigourp Global Markets 2% Protected Notes Linked To The Djia

SBUX

10 Consumer Discretionary Stocks With Whale Alerts In Today's Session

To gain an edge, this is what you need to know today.
<figure class="wp-block-image size-large is-resized"><img decoding="async" src="https://thearorareport.com/wp-content/uploads/2024/10/2024-10-01_08h10_05.png" alt="" style="width:624px" /></figure>
<h3 class="wp-block-heading">Important Data Ahead</h3>
Please <a href="https://thearorareport.com/chart-analysis-stock-market-dip-powell-blind-money-spy-mc-10012024">click here</a> for an enalrged chart of SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) which represents the benchmark stock market index S&amp;P 500 (SPX).
Note the following:
<ul>
<li>The chart shows the dip in the market caused by Powell's remarks. Powell pushed back against aggressive rate cut bets that the momo crowd has placed. Powell clearly said that the Fed plans on two 25 bps cuts this year assuming the economy stays on the expected trajectory. The momo crowd is counting on 100 bps cut. Even non-momo investors are betting on 75 bps cuts.</li>
<li>The chart shows the dip on Powell's remarks was aggressively bought, running the stock market higher than where it was before Powell's remarks. The buying appears to be related to quarter end window dressing.</li>
<li>Momo gurus' new narrative to persuade their followers to buy stocks is to not trust the Fed.&nbsp; Prudent investors always need to be mindful that momo gurus' interest is not the same as prudent investors' best interest.</li>
<li>There are two important pieces of data ahead.
<ul>
<li>JOLTS job openings data will be released at 10am ET.</li>
<li>ISM Manufacturing index will also be released at 10am ET.</li>
<li>Both of these pieces of data may be market moving.</li>
</ul>
</li>
<li>The most important economic data this week is the jobs report, also known as the mother of all reports, that will be released at 8:30am ET on Friday.</li>
<li>Expect blind money to flow into the stock market today and tomorrow.&nbsp; Blind money is the money that flows into the stock market on the first two days of the month without any analysis irrespective of market conditions.</li>
<li>East coast port workers have gone on strike. FedEx Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FDX#NYSE">FDX</a>) is a beneficiary.  As full disclosure, FDX was recently added to the portfolio that surrounds the Core Model Portfolio in The Arora Report&#8217;s ZYX Buy, taking advantage of the dip on earnings.  The Arora Report utilizes over 50 different strategies. FDX belongs to the strategy of earnings patterns that historically work. </li>
<li>In important news for prudent investors, Michael Dell has sold $1.22B in Dell Technologies Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DELL#NYSE">DELL</a>) shares.&nbsp; Michael Dell is taking advantage of the run up in Dell shares on the AI frenzy.&nbsp; The momo crowd is oblivious and has been an aggressive buyer of DELL stock.</li>
<li>Prudent investors should also note that there is a consistent pattern of insiders selling AI stocks that have run up.&nbsp; It is important to pay attention to the protection band as well as to separate articles indicating putting on hedges or taking partial profits.</li>
</ul>
<h3 class="wp-block-heading">Japan</h3>
Japan's new prime minister is likely to favor tighter fiscal policy and tighter monetary policy.  Such tighter policies will be good for the Japanese yen.  As full disclosure, there is a position in yen using Invesco CurrencyShares Japanese Yen Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FXY#NYSE">FXY</a>) in The Arora Report&#8217;s ZYX Allocation.  On the negative side, tighter fiscal and monetary policies in Japan increase the risk to the carry trade.  Lately, in the carry trade, funds have been borrowing in yen and investing in U.S. stocks, especially AI stocks.
<h3 class="wp-block-heading">Magnificent Seven Money Flows</h3>
In the early trade, money flows are positive in Alphabet Inc Class C (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>), Meta Platforms Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>), NVIDIA Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>), and Tesla Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>).
In the early trade, money flows are negative in Apple Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>), Amazon.com, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>), and Microsoft Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>).
In the early trade, money flows are mixed in (SPY) and Invesco QQQ Trust Series 1 (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>).
<h3 class="wp-block-heading">Momo Crowd And Smart Money In Stocks</h3>
Investors can gain an edge by knowing money flows in SPY and QQQ.  Investors can get a bigger edge by knowing when smart money is buying stocks, gold, and oil.  The most popular ETF for gold is SPDR Gold Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GLD#NYSE">GLD</a>).  The most popular ETF for silver is iShares Silver Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SLV#NYSE">SLV</a>).  The most popular ETF for oil is United States Oil ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/USO#NYSE">USO</a>).
<h3 class="wp-block-heading">Bitcoin</h3>
Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) is range bound.
<h3 class="wp-block-heading">Protection Band And What To Do Now</h3>
It is important for investors to look ahead and not in the rearview mirror.
Consider continuing to hold good, very long term, existing positions. Based on individual risk preference, consider a protection band consisting of cash or Treasury bills or short-term tactical trades as well as short to medium term hedges and short term hedges. This is a good way to protect yourself and participate in the upside at the same time.
You can determine your protection bands by adding cash to hedges.&nbsp; The high band of the protection is appropriate for those who are older or conservative. The low band of the protection is appropriate for those who are younger or aggressive.&nbsp; If you do not hedge, the total cash level should be more than stated above but significantly less than cash plus hedges.
A protection band of 0% would be very bullish and would indicate full investment with 0% in cash.&nbsp; A protection band of 100% would be very bearish and would indicate a need for aggressive protection with cash and hedges or aggressive short selling.
It is worth reminding that you cannot take advantage of new upcoming opportunities if you are not holding enough cash.&nbsp; When adjusting hedge levels, consider adjusting partial stop quantities for stock positions (non ETF); consider using wider stops on remaining quantities and also allowing more room for high beta stocks.&nbsp; High beta stocks are the ones that move more than the market.
<h3 class="wp-block-heading">Traditional 60/40 Portfolio</h3>
Probability based risk reward adjusted for inflation does not favor long duration strategic bond allocation at this time.
Those who want to stick to traditional 60% allocation to stocks and 40% to bonds may consider focusing on only high quality bonds and bonds of five year duration or less.&nbsp; Those willing to bring sophistication to their investing may consider using bond ETFs as tactical positions and not strategic positions at this time.
The Arora Report is known for its accurate calls. The Arora Report correctly called the big artificial intelligence rally before anyone else, the new bull market of 2023, the bear market of 2022, new stock market highs right after the virus low in 2020, the virus drop in 2020, the DJIA rally to 30,000 when it was trading at 16,000, the start of a mega bull market in 2009, and the financial crash of 2008. Please click here to sign up for a free forever <a href="https://thearorareport.com/generate-wealth-newsletter-benzinga">Generate Wealth Newsletter</a>.

Asia

Federal Reserve

DELL

Powell Stock Market Drip Aggressively Bought, Important Data And Blind Money Ahead

Accelerated computing and artificial intelligence stock Nvidia Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) has been up over 171% in the last 12 months.
However, Gil Luria&nbsp;of DA Davidson flagged Nvidia&#8217;s <a target="_blank" href="https://www.benzinga.com/analyst-ratings/analyst-color/24/09/40730558/tech-analyst-raises-red-flags-over-nvidias-heavy-dependence-on-just-four-customers-" rel="noreferrer noopener">dependence on four customers</a>, which could include hyperscalars Microsoft Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>),&nbsp;Meta Platforms Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>),&nbsp;Amazon.Com Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>), and&nbsp;Google parent Alphabet Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>) considering in-house chip developments by the tech giants.
Analysts had also highlighted the AI frenzy as overhyped, raising questions over the sustainability of the colossal investment further intensified by Nvidia&#8217;s delays in product releases like its&nbsp;Blackwell GPUs.
Also Read: <a target="_blank" href="https://www.benzinga.com/news/24/09/40980388/amd-chief-predicts-custom-chips-will-outperform-gpus-sees-shift-in-ai-chip-demand-report" rel="noreferrer noopener">AMD Chief Predicts Custom Chips Will Outperform GPUs, Sees Shift in AI Chip Demand: Report</a>
The AI wave is prompting several companies to tap the growth by catering to industries ranging from gaming to professional visualization, data centers, and automotive.
On Monday, Cerebras Systems Inc filed for an initial public offering with the SEC. CS-3, Cerebras&#8217;&nbsp;flagship system, can handle AI computing workloads and power AI supercomputers. It proposes to compete with Nvidia.
The AI computing firm&#8217;s sales reached $136.4 million in the first six months of 2024, up from <a target="_blank" href="https://www.sec.gov/Archives/edgar/data/2021728/000162828024041596/cerebras-sx1.htm" rel="noreferrer noopener">$8.7 million</a> a year ago. Cerebras filed confidentially&nbsp;for the IPO in August, Bloomberg <a target="_blank" href="https://www.bloomberg.com/news/articles/2024-10-01/india-market-buzz-china-s-stock-surge-sparks-rotation-concern?sref=TBDibEcD" rel="noreferrer noopener">reports</a>.
Cerebras reported a net loss of $66.6 million, down from $77.8 million a year ago. Group 42 Holding accounted for 87% of its revenue for the first half of 2024.&nbsp;
According to a Bloomberg <a target="_blank" href="https://www.bloomberg.com/news/articles/2024-09-25/cerebras-systems-targets-raising-up-to-1-billion-in-ipo?sref=TBDibEcD" rel="noreferrer noopener">report</a>, Cerebras could raise up to $1 billion at a valuation of $7 billion to $8 billion.
In China, Huawei Technologies&nbsp;is offering Ascend 910C processor samples to Chinese hyperscalars, which are Nvidia customers, SCMP <a target="_blank" href="https://www.scmp.com/tech/big-tech/article/3280306/huaweis-ai-chips-take-another-step-forward-chinese-firms-look-nvidia-alternatives" rel="noreferrer noopener">reports</a>.
<a target="_blank" href="https://www.benzinga.com/government/24/09/41093269/whats-going-on-with-chip-stocks-like-nvidia-taiwan-semi-and-amd-on-monday" rel="noreferrer noopener">China pushed its</a> companies to reach out to domestic AI chips from companies like&nbsp;Cambricon Technologies Corp and&nbsp;Huawei Technologies Co as it retaliates against the US&#8217;s advanced semiconductor tech sanctions.
Price Action: NVDA stock is down 1.19% at $120.01 at the last check on Tuesday.
Also Read:
<ul>
<li><a href="https://www.benzinga.com/markets/equities/24/09/41108682/michael-dell-sells-1-2-billion-worth-of-dell-stock-reducing-stake-amid-companys-recent-s-p-500-r" target="_blank" rel="noreferrer noopener">Michael Dell Sells $1.2B Worth Of Dell Stock, Reducing Stake Amid Company&#8217;s Recent S&amp;P 500 Inclusion And AI Expansion</a></li>
</ul>
Image via Shutterstock

IPOs

Nvidia Faces New Competition: Cerebras Files for IPO, Huawei Pushes AI Chips

<ul>
<li>SMCI</li>
<li>AAPL</li>
<li>WAY</li>
<li>NVDA</li>
<li>ZIM</li>
<li>MADE</li>
<li>LOT</li>
<li>TSLA</li>
<li>AMZN</li>
<li>DJT</li>
</ul>
Data from <a href="https://swaggystocks.com/dashboard/wallstreetbets/ticker-sentiment">https://swaggystocks.com/dashboard/wallstreetbets/ticker-sentiment</a>
&nbsp;

MADE

Top 10 Trending Stocks On WallStreetBets As Of October 1, 2024 (Via Swaggy Stocks)

Tesla Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) stock revved up in September, soaring over 24% and leaving its Magnificent Seven peers <a href="https://www.benzinga.com/topic/magnificent-seven">in the dust</a>.
Year-to-date gains for the car manufacturer stock are a modest 5.32%. Still, Tesla&#8217;s recent surge outpaces rivals like Nvidia Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) and Amazon.com Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>) by a wide margin.
The question now: Can Tesla sustain this rally, or is it running out of gas?
<h2 class="wp-block-heading">Performance Snapshot: Tesla Vs. Mag7 Peers</h2>
<figure class="wp-block-table"> 
<table>
<thead>
<tr>
<th>Stock</th>
<th>1-Month</th>
<th>Year-to-Date</th>
<th>1-Year</th>
</tr>
</thead>
<tbody>
<tr>
<td>Tesla Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>)</td>
<td>24.23%</td>
<td>5.32%</td>
<td>3.99%</td>
</tr>
<tr>
<td>Alphabet Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>)</td>
<td>5.40%</td>
<td>20.03%</td>
<td>23.61%</td>
</tr>
<tr>
<td>Nvidia Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>)</td>
<td>12.44%</td>
<td>152.11%</td>
<td>171.19%</td>
</tr>
<tr>
<td>Microsoft Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>)</td>
<td>5.09%</td>
<td>16.02%</td>
<td>33.72%</td>
</tr>
<tr>
<td>Meta Platforms Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>)</td>
<td>11.86%</td>
<td>65.31%</td>
<td>86.57%</td>
</tr>
<tr>
<td>Amazon.com Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>)</td>
<td>5.72%</td>
<td>24.28%</td>
<td>43.93%</td>
</tr>
<tr>
<td>Apple Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>)</td>
<td>4.59%</td>
<td>25.51%</td>
<td>34.10%</td>
</tr>
</tbody>
</table>
<figcaption class="wp-element-caption">Created By Author, Data Source <a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent100124&amp;t=be2bearmibe3na1">Benzinga Pro</a></figcaption></figure>
Tesla's impressive 24.23% gain over the past month was driven by multiple catalysts. 
Early September saw Tesla stock break through the resistance at $235, buoyed by strong China sales and anticipation surrounding the company's full self-driving (FSD) rollout.
<h2 class="wp-block-heading">What's Next For Tesla?</h2>
The upcoming Robotaxi event, scheduled for Oct. 10 in Los Angeles, is also fueling investor optimism. CEO Elon Musk has hyped this event as potentially Tesla's most significant moment since the Model 3 launch, and Wall Street bulls like Dan Ives and Adam Jonas expect key updates on FSD and autonomous driving.
Tesla's October is shaping up to be pivotal. Along with third-quarter delivery data and earnings, the highly anticipated Robotaxi event could keep momentum rolling. 
Analysts are eyeing updates on operating costs, scale, and a potential &#8216;CyberCab&#8217; unveiling, which could take Tesla's autonomous vehicle narrative to the next level.
Read Also: <a href="https://www.benzinga.com/markets/equities/24/10/41114350/chinese-ev-trio-nio-xpeng-li-auto-surge-higher-in-tuesdays-premarket-whats-going-on">Chinese EV Trio Nio, XPeng, Li Auto Surge Higher In Tuesday&#8217;s Premarket: What&#8217;s Going On</a>
<h2 class="wp-block-heading">Stock Outlook Remains Bullish</h2>
From a technical perspective, Tesla stock's outlook remains bullish. 
<figure class="wp-block-image size-full"><a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent100124&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="630" height="459" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/01082038/Screenshot-2024-10-01-at-5.49.45-PM.png" alt="" class="wp-image-574455" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/01082038/Screenshot-2024-10-01-at-5.49.45-PM.png 630w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/01082038/Screenshot-2024-10-01-at-5.49.45-PM-300x219.png 300w" sizes="(max-width: 630px) 100vw, 630px" /></a></figure>
<a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent100124&amp;t=be2bearmibe3na1">Chart created using Benzinga Pro</a>
The stock is trading above its key moving averages (five, 20, 50 and 200-day), with the 50-day average at $223.06 and the current price at $262.50, indicating strong upward momentum.
<figure class="wp-block-image size-full"><a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent100124&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="630" height="459" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/01082038/Screenshot-2024-10-01-at-5.50.01-PM.png" alt="" class="wp-image-574454" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/01082038/Screenshot-2024-10-01-at-5.50.01-PM.png 630w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/01082038/Screenshot-2024-10-01-at-5.50.01-PM-300x219.png 300w" sizes="(max-width: 630px) 100vw, 630px" /></a></figure>
<a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent100124&amp;t=be2bearmibe3na1">Chart created using Benzinga Pro</a>
The MACD (Moving Average Convergence/Divergence) sits at 11.56, further suggesting a bullish trend, though an RSI (Relative Strength Index) of 68.16 indicates the stock may be approaching overbought territory.
Can Tesla keep up the pace? With its Robotaxi event and solid technicals, it's worth watching closely. However, its rally could face resistance if key updates underwhelm.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/10/41110512/tesla-bull-sees-breadcrumbs-from-elon-musk-on-ev-giants-potential-entry-into-aviati">Tesla Bull Sees &#8216;Breadcrumbs&#8217; From Elon Musk On EV Giant&#8217;s Potential Entry Into Aviation Segment, Says It Could Boost Tesla Stock By This Much If His Theory Materializes</a></li>
</ul>
Image: Shutterstock

Technicals

Tesla Stock Speeds Ahead Of Mag7 Peers, Can October's Robotaxi Reveal Keep The Momentum?

Tens of thousands of dockworkers have gone on strike, potentially affecting holiday shopping. The strike began after the International Longshoremen&#8217;s Association and the U.S. Maritime Alliance failed to agree on a new labor contract.
What Happened: The strike has led to the closure of 36 ports along the East and Gulf Coasts, which handle nearly half of all U.S. ocean imports. This could cost the economy $540 million daily, as per The Conference Board&#8217;s analysis, Business Insider <a href="https://www.businessinsider.com/longshoremen-strike-leaves-east-and-gulf-coast-ports-shuttered-2024-9">reported</a> on Tuesday.
The union is demanding a 77% pay increase over six years to match inflation. This demand would still place them below many of their West Coast counterparts, CBS News reported.
The timing is critical, with the U.S. presidential election a month away and the holiday season approaching. The strike follows Hurricane Helene, which caused significant damage and disrupted supply chains in the Southeast.
While large retailers like Walmart Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WMT#NYSE">WMT</a>) and Home Depot Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HD#NYSE">HD</a>) have prepared for such disruptions, mid-size and smaller businesses may face significant challenges.
&#8220;The Fortune 100s — your Walmarts and even Home Depots — are probably going to be fine,&#8221; Pacula said. 
&#8220;They generally have very mature supply chains,&#8221; Brian Pacula, a supply chain partner at West Monroe consulting firms, said.
Michael Yamartino, CEO of Route, noted that rerouting shipments to the West Coast will be costly and time-consuming, thus affecting mid-sized and smaller businesses that rely on European suppliers.
&#8220;The auto industry is high on that list,&#8221; Yamartino added.
See Also: <a href="https://www.benzinga.com/markets/equities/24/09/41060268/elon-musks-not-so-long-ago-prediction-of-a-1929-market-crash-falls-flat-as-s-p-500-soars-50-defy?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Elon Musk&#8217;s Not-So-Long-Ago Prediction Of A 1929 Market Crash Falls Flat As S&amp;P 500 Soars 50%, Defying Tesla CEO&#8217;s Gloomy Outlook</a>
President Joe Biden has stated he has no plans to intervene, despite calls from trade groups. However, if the strike continues, federal involvement may become necessary to prevent further economic damage.
Why It Matters: The strike&#8217;s impact extends beyond the immediate closure of ports. Major companies like Amazon.com Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>), Apple Inc., (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) and Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) are <a href="https://www.benzinga.com/markets/equities/24/09/41097541/amazon-apple-tesla-brace-for-supply-chain-disruptions-as-potential-east-coast-dockworkers-strike">bracing for substantial disruptions</a>. These companies rely heavily on East Coast ports for consumer electronics and inventory, and delays could significantly impact their operations, especially with the holiday shopping season around the corner.
The strike, which began on Oct.1, could halt billions of dollars worth of goods, potentially complicating holiday shopping. The New York Times reported that the last time the International Longshoremen&#8217;s Association orchestrated a strike of this <a href="https://www.benzinga.com/etfs/sector-etfs/24/09/41098327/longshoremen-strike-looms-standoff-could-cost-1b-a-day-leave-thanksgiving-prep-in-a-pinch">magnitude was in 1977.</a> Recent labor victories by major unions like the Teamsters and the United Auto Workers (UAW) have set a high bar, giving the dockworkers significant leverage in their negotiations.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/markets/equities/24/09/41084992/nvidia-stock-could-touch-800-by-2030-bgg-executive-predicts-550-upside-driven-by-ai-revolution-a?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Nvidia Stock Could Touch $800 By 2030, BGG Executive Predicts 550% Upside Driven By AI Revolution And Web3 Transition</a></li>
</ul>
Image via Shutterstock
This story was generated using <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and edited by <a href="https://www.benzinga.com/topic/Pooja-Rajkumari" target="_blank" rel="noreferrer noopener">Pooja Rajkumari</a>

Dockworkers Strike: Will It Impact Your Holiday Shopping?

Amazon.com Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>) secured a partial dismissal in a lawsuit filed by the U.S. Federal Trade Commission on Monday. The FTC accused <a href="https://www.benzinga.com/general/education/24/09/41107170/jeff-bezos-used-this-method-to-get-true-opinions-from-employees-amazon-founder-says-youre-the-b">Amazon of maintaining illegal monopolies</a>.
What Happened: The FTC&#8217;s lawsuit claims Amazon employs anti-competitive practices to dominate online marketplaces. In December, Amazon requested U.S. District Judge John Chun to dismiss the case, arguing the FTC failed to show consumer harm, reported Reuters.
Judge Chun&#8217;s ruling, issued under seal, partially granted Amazon&#8217;s motion. Court records indicate the FTC can still pursue claims not permanently dismissed. Chun also decided the case will be tried in two parts, denying Amazon&#8217;s request to consolidate evidence and remedies in a single trial.
See Also: <a href="https://www.benzinga.com/news/24/09/40972893/trumps-mars-landing-promise-gets-slammed-by-peter-schiff-even-as-elon-musk-says-spacex-plans-5-launc?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Trump&#8217;s Mars Landing Promise Gets Slammed By Peter Schiff Even As Elon Musk Says SpaceX Plans 5 Launches To Red Planet In 2 Years: &#8216;Just Don&#8217;t Want The Government To Do It&#8217;</a>
Why It Matters; This partial dismissal is a significant development in the ongoing antitrust scrutiny faced by Amazon. The FTC&#8217;s allegations are part of a broader pattern of antitrust challenges against the e-commerce giant globally.
Recently, an antitrust probe in India accused Amazon and Walmart Inc-owned Flipkart of violating local competition laws by <a href="https://www.benzinga.com/markets/equities/24/09/40860373/amazon-walmarts-flipkart-violate-indias-antitrust-laws-investigators-allege-report">favoring specific sellers on their platforms</a>. The Indian e-retail sector, valued at $57-$60 billion in 2023, is projected to exceed $160 billion by 2028, according to Bain.
Moreover, the FTC <a href="https://www.benzinga.com/news/23/10/35068969/ftc-exposes-amazons-hidden-algorithm-amid-antitrust-concerns">recently exposed Amazon&#8217;s hidden algorithm</a>, code-named &#8220;Project Nessie,&#8221; which allegedly manipulated prices to test competitors&#8217; reactions. These revelations are part of the FTC&#8217;s monopoly lawsuit against Amazon, highlighting the company&#8217;s controversial practices. 
Additionally, Amazon&#8217;s competitive landscape is evolving. In a recent antitrust trial, Alphabet Inc executive Jerry Dischler testified that Google is losing market share to emerging players like Amazon and TikTok. This underscores the increasing competition Amazon faces in the <a href="https://www.benzinga.com/government/23/09/34754532/antitrust-trial-exposes-googles-battle-against-amazon-for-advertising-supremacy">digital advertising space</a>. 
Price Action: Amazon stock closed at $186.33 on Monday, down 0.87% for the day. In after-hours trading, the stock slipped further by 0.34%. Year to date, Amazon&#8217;s stock has gained 24.28%, according to <a href="https://www.benzinga.com/pro/">data from Benzinga Pro</a>. 
Read Next: 
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<li><a href="https://www.benzinga.com/news/24/09/41082667/heres-why-china-is-urging-its-companies-to-forgo-nvidias-chips?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Here&#8217;s Why China is Urging Its Companies to Forgo Nvidia&#8217;s Chips</a></li>
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Image Via Shutterstock
This story was generated using <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and edited by <a href="https://www.benzinga.com/topic/Kaustubh-Bagalkote" target="_blank" rel="noreferrer noopener">Kaustubh Bagalkote</a>

Legal

Amazon Secures Partial Victory Over FTC In Monopoly Case, Trial Split Into Two By Judge

Amazon.com Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>) founder <a href="https://www.benzinga.com/topic/jeff-bezos">Jeff Bezos</a> may not be running the e-commerce company he founded anymore, but his business philosophies and principles helped lay the groundwork to create one of the largest companies in the world today.
Tips on how to conduct meetings for increased productivity could be one of the ways that Bezos and Amazon have been successful over the years. 
What Happened:&nbsp;Bezos is one of the <a href="https://www.benzinga.com/general/education/24/08/40300456/jeff-bezos-may-be-worth-186b-but-he-once-paid-600k-a-month-in-rent-to-a-legendary-musician">richest people in the world</a> today and a large portion of his wealth came from the increased valuation at Amazon over the years, a company that survived the dot-com bubble and has diversified into new sectors like streaming and the cloud. 
The wealth increase was driven by an increase in the valuation of Amazon over the years, the company&nbsp;Bezos led for 27 years before stepping down as&nbsp;<a href="https://www.benzinga.com/general/education/22/11/29691021/walking-away-on-top-if-you-invested-1-000-in-amazon-when-bezos-stepped-down-heres-how-much-youd" target="_blank" rel="noreferrer noopener">CEO in July 2021.</a>
One of the reasons Amazon might&nbsp;be so successful could have been Bezos' leadership and business practices.
A company such as Amazon likely held many meetings between executives, employees and potential partners. One practice Bezos did during meetings with employees was to speak last, something his current girlfriend Lauren Sánchez recently said was one of the best business lessons she's learned from him.
"I hold a lot of meetings, and I would talk first in a meeting, and (Bezos) goes, ‘No, no, no. You're the boss. You talk last. You let everyone else talk, so that they don't get swayed by your opinion,'" Sánchez <a href="https://www.wsj.com/articles/lauren-sanchez-interview-jeff-bezos-11674587199" target="_blank" rel="noreferrer noopener">said </a>in an interview with the Wall Street Journal.
Sánchez said living with Bezos has been like "having a master class every day."
"What he's taught me a lot about is management."
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Why It's Important:&nbsp;Bezos&nbsp;previously shared that changing practices for meetings helped with the success of Amazon and could have been "the smartest thing we ever did" at the company.
Bezos shared in 2018 that Amazon did away with PowerPoint presentations, choosing instead to open meetings with a 30-minute silent reading period. This gave employees time to read through a detailed memo that covered the discussion topics prior to the start of the meeting.
Similar to the Bezos&#8217;s speaking last, these meetings would see employees share reactions to the memo before the CEO would share his own thoughts.
Bezos said the silent reading helped create "the context for what will then be a good discussion."
The former Amazon CEO said the silent reading period also ensured that attendees read through the notes rather than ignoring emails.
"Executives will bluff their way through the meeting as if they've read the memo, because we're busy, and so you've got to actually carve out the time for the memo to get read."
Bezos also recommended&nbsp;keeping meetings as short as possible once the silent reading period is done. Sanchez said Bezos told her the key was to keep meetings under an hour if possible.
CNBC&nbsp;<a href="https://www.cnbc.com/2019/10/14/jeff-bezos-this-is-the-smartest-thing-we-ever-did-at-amazon.html" target="_blank" rel="noreferrer noopener">reported&nbsp;</a>that other business leaders such as&nbsp;Twitter&nbsp;co-founder and former CEO&nbsp;Jack Dorsey&nbsp;also shared a similar belief in starting meetings with a silent reading period to go over the meeting agenda.
"This practice makes time for everyone to get on the same page, allows us to work from many locations, and gets to truth/critical thinking faster," Dorsey&nbsp;said.
The business advice from Bezos could be worth it for bosses and companies to consider with Amazon shares up 945% in the past 10 years and the company now one of the largest in the world. 
Read Next: 
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This article was previously published by Benzinga and has been updated.
Photo: Shutterstock

Education

Success Stories

Jeff Bezos Used This Method To Get True Opinions From Employees: Amazon Founder Says 'You're The Boss'

Cantor Fitzgerald analyst Deepak Mathivanan reiterates Amazon.com (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>) with a Overweight and maintains $230 price target.

Price Target

Reiteration

Cantor Fitzgerald Reiterates Overweight on Amazon.com, Maintains $230 Price Target

Oracle Corporation ($ORCL) has unveiled plans to invest over $6.5 billion to establish its first public cloud region in Malaysia, marking a signifi...

Oracle's (ORCL) $6.5B Commitment to Cloud in Malaysia

Training outpaces inference in AI infrastructure spending: Bernstein

Character.ai leaves LLM building behind due to expense: report

Companies heavily investing in AI have low quant valuation grades

Amazon reportedly to show more ads on Prime Video

Giant retailers are starting to feel the heat of the recession that we're in right now and will be announced after-the-fact next year.

Retail Fail

There is a massive economic boom happening with data centers to the tune of hundreds of billions of dollars.

12 Stocks To Profit From The Boom In Data Centers And Artificial Intelligence

Amazon (AMZN) performed very well in the last quarter with strategic partnerships, the introduction of new capabilities, and strong sales growth. Also, looking ahead, the company's prospects are bright, with the upcoming holiday season likely to spike consumer spending. So, let's determine whether Amazon is an ideal addition to your portfolio. Read more to find out... Amazon.com, Inc. (<a href="https://stocknews.com/stock/AMZN/">AMZN</a>) engages in the retail sale of consumer products, advertising, and subscription services through online and physical stores.
Ahead of the holiday season, AMZN introduced various initiatives, including Business Prime Rewards and a significant discount to Business Prime Essentials membership, which will exclusively benefit Business Prime members. Also, the company's Prime Big Deal Days sale will open on October 8 - 9, where Prime Members will have exclusive access to millions of early holiday deals.
During the second quarter, Amazon entered into a strategic partnership with Intel Corporation to advance U.S.-based chip manufacturing. The coe 4vmpany also collaborated with Oracle Corporation for the launch of a new service, Oracle Database@AWS, enabling customers to access Oracle Autonomous Database.
Also, buy with Prime and Amazon multi-channel fulfillment recently expanded with its new capabilities and more brands. These new capabilities are part of AMZN's focus on innovating in order to help businesses of all sizes increase their sales on their own online stores and other channels beyond Amazon.com.
The company reported its second-quarter results, where its AWS segment sales rose 18.7% year-over-year to $26.28 billion, and its total net sales were $147.98 billion.
Buoyed by the company's last quarter performance, AMZN has provided the following guidance for the fiscal 2024 third quarter. It expects net sales between $154 billion and $158.50 billion. The company's operating income is expected to be between $11.50 billion and $15 billion.
Shares of AMZN have surged 4.2% over the past month and 43% over the past year to close its last trading session at $185.13.
Let's look at factors that could influence AMZN's performance in the upcoming months.
Positive Recent Developments
On September 16, AMZN's Amazon Web Services. Inc. (AWS) and Intel Corporation (<a href="https://stocknews.com/stock/INTC/">INTC</a>) announced a co-investment to help advance U.S.-based chip manufacturing through a multi-year, multi-billion-dollar arrangement encompassing products and wafers from Intel. Through INTC's state-of-the-art technology, AWS will enhance its performance and efficiency.
The collaboration marked a significant expansion of the two companies' longstanding alliance to help customers power virtually any workload and accelerate the performance of artificial intelligence (AI) applications.
On September 9, AWS entered into a strategic partnership with Oracle Corporation (<a href="https://stocknews.com/stock/ORCL/">ORCL</a>) to launch Oracle Database@AWS, a new service enabling customers to access Oracle Autonomous Database on dedicated infrastructure and Oracle Exadata Database Service within AWS.
By integrating ORCL's services, AWS can enhance its cloud infrastructure, attracting more customers seeking robust database solutions. This further strengthens AMZN's position in the cloud market, driving growth and broadening its service capabilities.
Robust Financials
AMZN's total net sales increased 10.1% year-over-year to $147.98 billion during the second quarter that ended June 30, 2024. Its operating income grew 91% from the year-ago value to $14.67 billion. The company's income before income taxes of $15.24 billion reflects a growth of 101.6% from the prior-year quarter.
In addition, the company's net income and EPS came in at $13.48 billion and $1.26, indicating increases of 99.8% and 93.8% from the prior year's quarter, respectively. Its free cash flow was $52.97 million for the quarter, up from $7.88 billion during the prior year's quarter.
Also, as of June 30, 2024, the company's total assets stood at $554.82 billion, compared to $527.85 billion as of December 31, 2023.
Solid Historical Growth
AMZN's revenue and EBITDA have grown at respective CAGRs of 10.9% and 20.6% over the past three years. The company's EBIT has increased at a CAGR of 22.4% over the same timeframe, while its net income and EPS have improved at CAGRs of 14.7% and 13.3%, respectively.
Also, the company's tangible book value and total assets have grown at CAGRs of 29% and 15.5% over the past three years, respectively.
Favorable Analyst Estimates
Analysts expect AMZN's revenue for the third quarter (ended September 2024) to increase 9.9% year-over-year to $157.18 billion. The consensus EPS estimate of $1.13 for the same quarter indicates a 20.6% year-over-year improvement. Moreover, AMZN has an impressive earnings surprise history, having topped consensus EPS estimates in each of the trailing four quarters.
For the fiscal year ending December 2024, the company's revenue and EPS are expected to grow 10.5% and 63% year-over-year to $635.38 billion and $4.73, respectively. Also, Street expects its revenue and EPS for the fiscal year 2025 to increase 10.8% and 22.5% year-over-year to $704.27 billion and $5.79, respectively.
High Profitability
AMZN's trailing-12-month EBIT margin of 9% is 13.7% higher than the industry average of 7.91%. Its trailing-12-month net income margin of 7.35% is 60.3% higher than the industry average of 4.59%. Similarly, its trailing-12-month <a href="https://www.investopedia.com/terms/g/gross_profit_margin.asp">gross profit margin</a> of 48.04% is considerably higher than the industry average of 37.13%.
Furthermore, the stock's trailing-12-month ROCE, ROTC, and ROTA of 21.93%, 9.22%, and 8.01% are favorable, compared to the industry averages of 11.26%, 6.17%, and 4.06%, respectively. AMZN's trailing-12-month Leveraged FCF margin of 9.79% is significantly above the 5.10% industry average.
POWR Ratings Reflect Promise
AMZN's solid fundamentals are reflected in its <a href="https://stocknews.com/powr-ratings/">POWR Ratings</a>. The stock has an overall rating of B, translating to a Buy in our proprietary system. The POWR Ratings are calculated by considering 118 different factors, with each factor weighted to an optimal degree.
Our proprietary rating system also evaluates each stock based on eight distinct categories. AMZN has an A grade for Sentiment, in sync with its favorable analyst estimates.
In addition, the stock has a B grade for Quality, consistent with its higher-than-industry profitability. It also has a B grade for Momentum,
AMZN is ranked #14 in the 52-stock A-rated <a href="https://stocknews.com/category/internet/">Internet</a> industry.
Beyond what I have stated above, we have also given AMZN grades for Value, Growth, and Stability. Get access to all the AMZN Ratings <a href="https://stocknews.com/stock/AMZN/">here</a>.
Bottom Line
Amazon is a well-known multinational company operating as a retail seller of consumer products. The company's strong industry footing worldwide, strategic collaborations, and solid financial performance position it for bright long-term prospects.
Further, as the holiday season nears, the company is all set to benefit from rising consumer spending. Amazon is welcoming the holidays with attractive initiatives and offers that will benefit different sections of its customers.
Given AMZN's solid financials, accelerating profitability, and promising growth outlook, this stock could be an ideal buy now.
How Does Amazon.com, Inc. (AMZN) Stack Up Against Its Peers?
While AMZN has an overall POWR Rating of B, investors could also check out these other stocks within the A-rated <a href="https://stocknews.com/category/internet/">Internet</a> industry with A (Strong Buy) or B (Buy) ratings: Meituan ADR (<a href="https://stocknews.com/stock/MPNGY/">MPNGY</a>), Expedia Group Inc. (<a href="https://stocknews.com/stock/EXPE/">EXPE</a>), and Fiverr International Ltd. (<a href="https://stocknews.com/stock/FVRR/">FVRR</a>).
For exploring more A and B-rated internet stocks, <a href="https://stocknews.com/category/internet/">click here</a>.
What To Do Next?
Get your hands on this special report with 3 low priced companies with tremendous upside potential even in today's volatile markets:
<a href="https://report.stocknews.com/free-report/3stocks/?formplacement=artbotad_3s">3 Stocks to DOUBLE This Year &gt;</a>

<hr />
AMZN shares were trading at $185.33 per share on Wednesday afternoon, up $0.20 (+0.11%). Year-to-date, AMZN has gained 21.98%, versus a 20.91% rise in the benchmark S&amp;P 500 index during the same period.
<hr><div style="clear:both;"></div> <h2>About the Author: Rjkumari Saxena</h2> <img src='https:/wp-content/uploads/2024/04/Rajkumari-Saxena_Image-1.jpeg' style="float:left; padding:5px;width:125px;">Rajkumari started her career as a writer but gradually shifted her focus to financial journalism, leveraging her educational background in Commerce. Fascinated by the interplay of business and economic shifts in equities, she aspires to evolve as an analyst. With a knack for simplifying complex financial concepts, her mission is to empower investors with insights that lead to profitable decisions.<a href="https://stocknews.com/authors/?author=rajkumari-saxena">More...</a>The post <a href=https://stocknews.com/news/amzn-mpngy-expe-fvrr-orcl-intc-should-you-buy-amazon-now-ahead-of-the-holiday-season/>Should You Buy Amazon Now, Ahead of the Holiday Season Surge?</a> appeared first on <a href=https://stocknews.com/>StockNews.com</a>

Should You Buy Amazon Now, Ahead of the Holiday Season Surge?

The consumer goods sector is flourishing, with positive economic indicators and solid wage gains. As consumer spending rebounds, quality consumer stocks Amazon.com (AMZN), Lowe's Companies (LOW), and The TJX Companies (TJX) could be ideal buys now. Keep reading… As consumer spending rebounds, consumer stocks offer promising investment opportunities. The industry represents companies that provide non-essential goods and services, such as home improvement, fashion, and consumer products, which tend to perform well when consumer confidence and spending are high.
Given this backdrop, it could be wise to invest in fundamentally strong consumer stocks  Amazon.com, Inc. (<a href="https://stocknews.com/stock/AMZN/">AMZN</a>), Lowe's Companies, Inc. (<a href="https://stocknews.com/stock/LOW/">LOW</a>), and The TJX Companies, Inc. (<a href="https://stocknews.com/stock/TJX/">TJX</a>).
Consumers boosted spending in August, propelling the economy's growth prospects for the third quarter. The Commerce Department reported that <a href="https://www.reuters.com/markets/us/us-consumer-spending-rises-moderately-august-inflation-slows-2024-09-27/">consumer spending rose 0.2%</a>.
Unemployment also ticked down in August, with a <a href="https://www.marketplace.org/2024/09/06/august-jobs-report-is-mixed-but-a-pleasant-surprise-on-wages/">0.4% month-to-month growth in wages</a>. This was better than what the economists were expecting and was bigger than the wage growth in July. This can be an indication of a further increase in consumer spending.
Additionally, with the hopes of <a href="https://www.reuters.com/markets/us/traders-bet-second-straight-50-bps-fed-rate-cut-november-2024-09-27/">another 50-point interest rate cut</a> by the Fed, right after the historic cut this month, it could also boost the economy and its consumer spending further alongside easing inflation over the year.
Considering these encouraging economic trends, let's delve deeper into the fundamentals of top consumer stocks.
Amazon.com, Inc. (<a href="https://stocknews.com/stock/AMZN/">AMZN</a>)
AMZN specializes in retail sales, advertising, and subscription services through online and physical stores. The company also manufactures and sells electronics like Kindle, Fire tablets, Fire TVs, Echo, Ring, Blink, and Eero and develops media content. Its segments include North America; International; and Amazon Web Services (AWS).
On September 16, AWS announced a strategic collaboration with Intel Corporation (<a href="https://stocknews.com/stock/INTC/">INTC</a>) to co-invest in custom chip designs under a multi-year, multi-billion-dollar framework. INTC will produce an AI fabric chip for AWS using its most advanced process node, Intel 18A.
By leveraging INTC's state-of-the-art technology, AWS would enhance its performance and efficiency, positioning AMZN at the forefront of innovation.
On September 9, AWS announced a strategic partnership with Oracle Corporation (<a href="https://stocknews.com/stock/ORCL/">ORCL</a>) to launch Oracle Database@AWS. This new service allows customers to access Oracle Autonomous Database on dedicated infrastructure and Oracle Exadata Database Service within AWS.
By integrating ORCL's services, AWS can enhance its cloud infrastructure, attracting more customers seeking robust database solutions. This strengthens AMZN's position in the cloud market, driving growth and broadening its service capabilities.
For the fiscal 2024 second quarter, which ended on June 30, AMZN's total net sales increased 10.1% year-over-year to $147.98 billion. Its <a href="https://www.investopedia.com/terms/o/operatingincome.asp">operating income</a> rose 91% from the year-ago value to $14.67 billion.
Additionally, the company's net income amounted to $13.48 billion, representing a year-over-year increase of 99.8%. Meanwhile, AMZN's EPS for the quarter grew 93.8% from the previous year's quarter to $1.26.
Analysts expect AMZN's revenue and EPS for the fiscal third quarter (ending September 2024) to increase 9.9% and 20.6% year-over-year to $157.18 billion and $1.13, respectively. In addition, the company topped the consensus EPS estimates in each of the trailing four quarters.
Shares of AMZN have surged 4.5% over the past six months and 49.2% over the past year to close the last trading session at $187.97.
AMZN's bright prospects are reflected in its <a href="https://stocknews.com/powr-ratings/">POWR Ratings</a>. The stock has an overall rating of B, which translates to a Buy in our proprietary rating system. The POWR Ratings are calculated by considering 118 different factors, each weighted to an optimal degree.
AMZN has an A grade for Sentiment and a B grade for Momentum and Quality. Within the B-rated <a href="https://stocknews.com/category/internet/">Internet</a> industry, it is ranked #13 out of 52 stocks.
<a href="https://stocknews.com/stock/AMZN/">Click here</a> to see AMZN's ratings for Growth, Value, and Stability.
Lowe's Companies, Inc. (<a href="https://stocknews.com/stock/LOW/">LOW</a>)
LOW operates as a home improvement retailer. It provides a line of products for construction, maintenance, repair, remodeling, and decorating. It also offers home improvement products, like appliances, seasonal and outdoor living, lawn and garden.
On June 3, LOW became the first home improvement retailer to offer customers an in-store, Apple Vision Pro-powered experience. With the technology, customers can try Lowe's Style Studio&#x2122; for Apple Vision Pro firsthand, enabling them to envision and design their dream kitchens using spatial computing and the help of a Lowe's associate.
This breakthrough launch bodes well with LOW's operations that immerse users in a high-fidelity 3D kitchen environment and enable them to explore, imagine, and bring their unique project to life in minutes.
During the fiscal second quarter that ended August 2, 2024, LOW reported net sales of $23.59 billion, and its operating income was $3.45 billion. The company's net earnings and EPS were $2.38 billion and $4.17, respectively. Further, the company's cash and cash equivalents stood at $4.36 billion as of August 2, 2024, compared to $3.49 billion as of August 4, 2023.
Street expects LOW's revenue for the fiscal year ending January 2026 to increase 2.32% year-over-year to $84.85 billion. Its EPS for the same period is expected to grow 7.7% year-over-year to $12.71. Also, the company has topped the consensus EPS estimates in each of the four trailing quarters, which is impressive.
Shares of LOW have surged 5.5% over the past six months and 29.1% over the past year to close the last trading session at $267.14.
LOW's solid fundamentals are reflected in its POWR Ratings. The stock has an overall rating of B, which translates to a Buy in our proprietary rating system.
LOW has a B grade for Quality. It is ranked #20 out of 57 stocks in the B-rated <a href="https://stocknews.com/category/home-improvement-goods/">Home Improvement &amp; Goods</a> industry.
In addition to the POWR Ratings we've stated above, we also have LOW's ratings for Momentum, Sentiment, Value, Stability, and Growth. Get all LOW ratings <a href="https://stocknews.com/stock/LOW/">here</a>.
The TJX Companies, Inc. (<a href="https://stocknews.com/stock/TJX/">TJX</a>)
TJX operates as an off-price apparel and home fashion retailer in the United States, Canada, Europe, and Australia. It operates through four segments: Marmaxx; HomeGoods; TJX Canada; and TJX International.
On June 7, 2024, TJX announced a definitive agreement for a joint venture with Grupo Axo, S.A.P.I. de C.V., under which TJX would own 49% and Axo would own 51% of the joint venture. The joint venture would comprise Axo's off-price physical store business in Mexico, which includes a total of over 200 stores. The transaction is expected to close later this year.
TJX's net sales for the fiscal second quarter that ended August 3, 2024, amounted to $13.47 billion. The company's net income and earnings per share stood at $1.10 billion and $0.96, respectively.
The consensus revenue estimate of $13.98 billion for the fiscal third quarter ending October 2024 represents a 5.4% increase year-over-year. Its EPS is expected to grow 6.7% year-over-year to $1.10 for the same quarter. Moreover, the company surpassed the consensus revenue and EPS estimates in each of the trailing four quarters.
Over the past six months, TJX's stock has gained 16.2% to close the last trading session at $117.50.
TJX's POWR Ratings reflect its solid prospects. The stock has an overall rating of B, which translates to a Buy in our proprietary rating system.
TJX has a B grade for Momentum, Stability, Sentiment, and Quality. Within the <a href="https://stocknews.com/category/fashion-luxury/">Fashion &amp; Luxury</a> industry, it is ranked #13 out of 59 stocks.
To see TJX's additional ratings for Growth and Value, <a href="https://stocknews.com/stock/TJX/">click here</a>.
What To Do Next?
43 year investment veteran, Steve Reitmeister, has just released his 2024 market outlook along with trading plan and top 11 picks for the year ahead.
<a href="https://report.stocknews.com/sign-up/stock-market-outlook-2024/?formplacement=artbotad_smo24_rep">2024 Stock Market Outlook &gt;</a>

<hr />
AMZN shares were trading at $185.66 per share on Monday afternoon, down $2.31 (-1.23%). Year-to-date, AMZN has gained 22.19%, versus a 21.27% rise in the benchmark S&amp;P 500 index during the same period.
<hr><div style="clear:both;"></div> <h2>About the Author: Anushka Dutta</h2> <img src='https:/wp-content/uploads/2021/08/Anushka-Dutta_Headshot_3.jpg' style="float:left; padding:5px;width:125px;">Anushka is an analyst whose interest in understanding the impact of broader economic changes on financial markets motivated her to pursue a career in investment research.<a href="https://stocknews.com/authors/?author=anushka-dutta">More...</a>The post <a href=https://stocknews.com/news/amzn-low-tjx-orcl-intc-3-consumer-stocks-to-buy-as-spending-rebounds/>3 Consumer Stocks to Buy as Spending Rebounds</a> appeared first on <a href=https://stocknews.com/>StockNews.com</a>

3 Consumer Stocks to Buy as Spending Rebounds

The technology industry is set to experience solid growth owing to advanced innovations and increased government support. Hence, investing in fundamentally stable high-quality tech stocks such as Apple (AAPL), Amazon.com (AMZN), and Meta (META) could be a wise idea. Continue to read… The technology sector is set for significant growth owing to rising investments in Artificial Intelligence (AI), cloud computing, and cybersecurity. Moreover, as technology becomes integral to business, education, and healthcare, and with the shift towards hybrid work environments, the sector is positioned for sustained long-term expansion.
Given this landscape, it could be wise for investors to keep an eye on high-quality tech stocks Apple Inc. (<a href="https://stocknews.com/stock/AAPL/">AAPL</a>), Amazon.com, Inc. (<a href="https://stocknews.com/stock/AMZN/">AMZN</a>), and Meta Platforms, Inc. (<a href="https://stocknews.com/stock/META/">META</a>), which are well positioned for long-term growth.
The technology industry is experiencing an era of unprecedented growth and transformation. Rapid innovations are not only reshaping industries but also redefining consumer behavior and business practices. Tech companies are spearheading changes across various fields, including AI, cloud computing, digital payments, and cybersecurity.
That said, generative AI has seen a remarkable surge, with Google searches <a href="https://www.mckinsey.com/capabilities/mckinsey-digital/our-insights/the-top-trends-in-tech#new-and-notable">increasing by nearly 700%</a> from 2022 to 2023. This rise, coupled with a notable jump in job postings and investments, highlights the growing influence of AI.
Moreover, in 2023 and 2024, the capacity of large language models (LLMs) to process context windows surged dramatically from 100,000 to two million tokens. This leap signifies a shift from processing a single research paper to handling the equivalent of about 20 novels in a model's prompt.
The Biden-Harris administration's <a href="https://www.eda.gov/news/press-release/2024/07/02/biden-harris-administration-announces-next-funding-round-504-million">$504 million investment</a> in 12 Tech Hubs further boosts this momentum by funding projects, creating jobs, and fueling the nation's competitiveness. The investment aligns with the growing need for high-quality hardware to meet complex processing demands, thereby driving increased hardware sales.
Looking ahead, AI is projected to <a href="https://www.pwc.com/gx/en/issues/data-and-analytics/publications/artificial-intelligence-study.html">add up to $15.70 trillion</a> to the global economy by 2030, according to PwC. Concurrently, Gartner (<a href="https://stocknews.com/stock/IT/">IT</a>) forecasts an 8% year-over-year increase in worldwide IT spending, reaching <a href="https://www.gartner.com/en/newsroom/press-releases/2024-04-16-gartner-forecast-worldwide-it-spending-to-grow-8-percent-in-2024">$5.06 trillion this year</a>. The continued investment underscores the technology sector's pivotal role in future economic growth.
Considering the positive trends in the industry, let us discuss the fundamentals of three high-quality tech stocks, starting with #3.
Stock #3: Apple Inc. (<a href="https://stocknews.com/stock/AAPL/">AAPL</a>)
AAPL designs, manufactures, and markets smartphones, personal computers, tablets, wearables, and accessories. The company offers iPhones, Macs, iPads, AirPods, Apple Watch, and Apple TV. In addition, AAPL provides AppleCare support and cloud services.
On September 9, AAPL announced its <a href="https://www.apple.com/newsroom/2024/09/apple-introduces-groundbreaking-health-features/">breakthrough in sleep and hearing health</a> features that will be added to its Apple Watch&#xAE; and AirPods Pro&#xAE; 2, which would help its customers support their sleep and hearing health for several medical conditions.
The innovation is expected to strengthen AAPL's customer support, enhance user well-being, and establish the company as a leader in health-focused technology.
On the same day, AAPL announced a <a href="https://www.apple.com/newsroom/2024/09/apple-introduces-airpods-4-and-a-hearing-health-experience-with-airpods-pro-2/">new lineup of AirPods&#xAE;</a>, the new AirPods 4 which contain an open-ear design, and are available in two distinct models: AirPods 4 and AirPods 4 with Active Noise Cancellation (ANC), making them the most advanced and comfortable headphones created by AAPL.
The cutting-edge headphones could attract tech-savvy consumers and solidify AAPL's reputation for superior comfort and innovation, driving significant market share and growth opportunities for the company.
During the fiscal 2024 third quarter that ended June 29, AAPL's total net sales rose 4.9% from the year-ago value to $85.78 billion. Its <a href="https://www.investopedia.com/terms/o/operatingincome.asp">operating income</a> increased 10.2% year-over-year to $25.35 billion.
In addition, the company's net income and EPS came in at $21.45 billion and $1.40, reflecting a growth of 7.9% and 11.1% from the prior year's quarter, respectively.
Street expects AAPL's revenue and EPS for the fiscal 2024 fourth quarter ending in September to increase 5.2% and 9.5% year-over-year to $94.17 billion and $1.60, respectively. Furthermore, the company surpassed the consensus revenue and EPS estimates in each of the trailing four quarters.
Shares of AAPL have surged 3% over the past three months and 24% over the past year to close the last trading session at $220.69.
AAPL's growth prospects are reflected in its <a href="https://stocknews.com/powr-ratings/">POWR Ratings</a>. The POWR Ratings are calculated by considering 118 different factors, each weighted to an optimal degree.
The stock has an A grade for Quality. Within the B-rated <a href="https://stocknews.com/category/technology-hardware/">Technology – Hardware</a> industry, AAPL is ranked #18 out of 40 stocks.
<a href="https://stocknews.com/stock/AAPL/">Click here</a> to access additional ratings of AAPL for Growth, Value, Sentiment, Stability, and Momentum.
Stock #2: Amazon.com, Inc. (<a href="https://stocknews.com/stock/AMZN/">AMZN</a>)
AMZN specializes in retail sales, advertising, and subscription services through both online and physical stores. The company also manufactures and sells electronics like Kindle, Fire tablets, Fire TVs, Echo, Ring, Blink, and eero, and develops media content. Its segments include North America; International; and Amazon Web Services (AWS).
On September 16, AWS <a href="https://press.aboutamazon.com/aws/2024/9/intel-and-aws-expand-strategic-collaboration-helping-advance-u-s-based-chip-manufacturing">announced a strategic collaboration</a> with Intel Corporation (<a href="https://stocknews.com/stock/INTC/">INTC</a>) to co-invest in custom chip designs under a multi-year, multi-billion-dollar framework. INTC will produce an AI fabric chip for AWS using its most advanced process node, Intel 18A.
By leveraging INTC's state-of-the-art technology, AWS would enhance its performance and efficiency, positioning AMZN at the forefront of innovation.
On September 9, AWS announced a strategic partnership with Oracle Corporation (<a href="https://stocknews.com/stock/ORCL/">ORCL</a>) to launch <a href="https://press.aboutamazon.com/aws/2024/9/oracle-and-amazon-web-services-announce-strategic-partnership">Oracle Database@AWS</a>, a new service that allows customers to access Oracle Autonomous Database on dedicated infrastructure and Oracle Exadata Database Service within AWS.
By integrating ORCL's services, AWS can enhance its cloud infrastructure, attracting more customers seeking robust database solutions. This strengthens AMZN's position in the cloud market, driving growth and broadening its service capabilities.
For the fiscal 2024 second quarter, which ended on June 30, AMZN's total net sales increased 10.1% year-over-year to $147.98 billion. Its operating income rose 91% from the year-ago value to $14.67 billion.
Additionally, the company's net income amounted to $13.48 billion, representing a year-over-year increase of 99.8%. Meanwhile, AMZN's EPS for the quarter grew 93.8% from the previous year's quarter to $1.26.
Analysts expect AMZN's revenue and EPS for the fiscal third quarter (ending in September 2024) to increase 9.9% and 20.6% year-over-year to $157.18 billion and $1.13, respectively. In addition, the company topped the consensus EPS estimates in each of the trailing four quarters.
Shares of AMZN have surged 6.9% over the past six months and 33.2% over the past year to close the last trading session at $186.43.
AMZN's bright prospects are reflected in its POWR Ratings. The stock has an overall rating of B, which translates to a Buy in our proprietary rating system.
AMZN has a B grade for Momentum, Sentiment, and Quality. Within the B-rated <a href="https://stocknews.com/category/internet/">Internet</a> industry, it is ranked #15 out of 53 stocks.
<a href="https://stocknews.com/stock/AMZN/">Click here</a> to see AMZN's ratings for Growth, Value, and Stability.
Stock #1: Meta Platforms, Inc. (<a href="https://stocknews.com/stock/META/">META</a>)
META develops products that connect and enable sharing among people through mobile devices, personal computers, virtual reality headsets, and wearables globally. The company operates in two segments: Family of Apps and Reality Labs.
On July 29, META introduced the <a href="https://ai.meta.com/sam2/">Segment Anything Model 2 (SAM 2)</a>, the first unified model that identifies which pixels belong to a target object in an image or video. It can segment any object and consistently follow it across all video frames in real-time, unlocking new possibilities for video editing and mixed-reality experiences.
This leap in technology is expected to strengthen META's market position and drive growth through innovative, immersive experiences.
On the same day, META <a href="https://about.fb.com/news/2024/07/create-your-own-custom-ai-with-ai-studio/">announced the release of AI Studio</a>, a program where people are able to create their own AIs that can serve a vast array of purposes, from chat-bots to travel guides to cooking and so many more.
With the use of Llama 3.1, META's own GenAI, the company is in the forefront of the incoming AI revolution. This launch cements META at the vanguard of the AI revolution, enhancing customer satisfaction and bolstering its reputation in the tech sphere.
For the second quarter of fiscal 2024, which ended on June 30, META's revenue increased 22.1% year-over-year to $39.07 billion. Its income from operations rose 58.1% from the year-ago value to $14.85 billion. Moreover, the company's net income and EPS grew 72.9% and 73.2% year-over-year to $13.47 billion and $5.16, respectively.
The consensus revenue estimate of $40.13 billion for the fiscal third quarter (ending September 2024) represents a 17.5% year-over-year increase. The consensus EPS estimate of $5.25 for the ongoing quarter indicates a 19.6% year-over-year improvement. Furthermore, META surpassed the consensus revenue and EPS estimates in all four trailing quarters, which is impressive.
Shares of META have surged 7.7% over the past three months and 77.8% over the past year to close the last trading session at $537.95.
META's POWR Ratings reflect this promising outlook. The stock has an overall rating of B, which equates to Buy in our proprietary rating system.
META has an A grade for Sentiment and Quality. It is ranked #16 out of 53 stocks in the Internet industry.
<a href="https://stocknews.com/stock/META/">Click here</a> to see the additional ratings for META (Growth, Value, Momentum, and Stability).
What To Do Next?
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<hr />
AAPL shares rose $4.12 (+1.87%) in premarket trading Thursday. Year-to-date, AAPL has gained 15.06%, versus a 18.86% rise in the benchmark S&amp;P 500 index during the same period.
<hr><div style="clear:both;"></div> <h2>About the Author: Aanchal Sugandh</h2> <img src='https:/wp-content/uploads/2022/12/Aanchal-Sugandh_Headshot.jpg' style="float:left; padding:5px;width:125px;">Aanchal's passion for financial markets drives her work as an investment analyst and journalist. She earned her bachelor's degree in finance and is pursuing the CFA program.

She is proficient at assessing the long-term prospects of stocks with her fundamental analysis skills. Her goal is to help investors build portfolios with sustainable returns.<a href="https://stocknews.com/authors/?author=aanchal-sugandh">More...</a>The post <a href=https://stocknews.com/news/aapl-amzn-meta-orcl-intc-3-high-quality-tech-stocks-to-hold-for-long-term-growth/>3 High-Quality Tech Stocks to Hold for Long-Term Growth</a> appeared first on <a href=https://stocknews.com/>StockNews.com</a>

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