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>> amazon has a tough situation. the speed of growth with google at 30% and microsoft in the mid-20s. amazon has slowed down in growth compared to the competitors, but being the largest for the longest time, it is still a law of numbers. everybody wants more growth and they want it faster. aws that's show it can compete with the rivals. i don't think it is just about how fast cloud is growing, frank. it is about how much they can compel the market that their a.i. market solutions and capabilities are competitive with google and microsoft which seem to have more of the finesse. amazon came later with the bedrock and anthropic partnerships. people will look at the levers and look to see if it will grow quickly enough and on the a.i. story. >> you are hitting on a number of facts and issues here or things we need to look for with amazon. the numbers are one thing, but how important is the commentary? amazon continuing to spell out the narrative with artificial intelligence. >> you heard it from kate. there is a delicate
>> amazon has a tough situation. the speed of growth with google at 30% and microsoft in the mid-20s. amazon has slowed down in growth compared to the competitors, but being the largest for the longest time, it is still a law of numbers. everybody wants more growth and they want it faster. aws that's show it can compete with the rivals. i don't think it is just about how fast cloud is growing, frank. it is about how much they can compel the market that their a.i. market solutions and...
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i think amazon is positioned well for that. >> does amazon need to offer a dividend? >> it certainly would be nice. we saw what it did to alphabet's stock. so i'll take a dividend any time it's offed to me. >> yeah, they like to spend that money, though, invest it. others are spending also, including meta. so because amazon is the type of company it is, with real sort of both bits and atoms in its product line, if they get a pass for offering a dividend, because they go through these investment cycles. >> well, i'll just say i think that when it's clear to them -- i mean, i'm assuming this is the logic they'll have because of the pedigree and the mindset of management we've known for years now, is that as long as that there is absolutely no tradeoff between growth initiatives and the return in capital to shareholders, i think that's something that they certainly would be open to. because they are free cash flow oriented business. so if that tradeoff is not there, at the expense of growth, i certainly think it's something that could conceivably be on the table. if it's
i think amazon is positioned well for that. >> does amazon need to offer a dividend? >> it certainly would be nice. we saw what it did to alphabet's stock. so i'll take a dividend any time it's offed to me. >> yeah, they like to spend that money, though, invest it. others are spending also, including meta. so because amazon is the type of company it is, with real sort of both bits and atoms in its product line, if they get a pass for offering a dividend, because they go...
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let's turn our attention to amazon. that's where we were going to begin before we had this news which we wanted to bring you as soon as we possibly could. we have kate rooney. of course, i mentioned already, who's covering this earnings report after the bell was so much anticipation, kate, about it. what should we keep an eye out for most of all? >> yes, scott, so i think the ai story is key. he talked about that with google. amazon has been using earnings as a way to showcase what they are doing in ai. you saw this before they announced their chatgpt competitors. to be more widely ruled out. it's called q last quarter. they ruled out rufus which is a consumer facing ai on their e- commerce platform. you are expecting a lot about ai and how they will monetize it and how they will manage cap ex. it's been a huge conversation around big check earnings. they're walking a tight rope of, yes, analysts and investors are going to want to see the spending happening in ai. that's why they expected. you can go the meta-route and
let's turn our attention to amazon. that's where we were going to begin before we had this news which we wanted to bring you as soon as we possibly could. we have kate rooney. of course, i mentioned already, who's covering this earnings report after the bell was so much anticipation, kate, about it. what should we keep an eye out for most of all? >> yes, scott, so i think the ai story is key. he talked about that with google. amazon has been using earnings as a way to showcase what they...
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Apr 11, 2024
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so they merged with amazon. and the european commission blocks it because they worry we will feature our vacuum cleaner, the roomba, versus others. which, of course, is not our model because we make less money selling third party products versus our own. so what happens? we abdicate the aboutwy igs. i-robot lays off a third of its staff. the stock price tanks. now there is a question whether it will be a going concern. turns out with these vacuum cleaners, they have to map the inside of your house. really what western regulators were saying was that they trust these two large chinese companies with maps of the u.s. consumers home over amazon. and were aws. that can't be what we were going for. >> right. >> so i think people don't know what they could do right now. i just think we got to try to find a way to be reasonable in what we're doing. >> the ftc is looking into the partnership you have with an thropic. they're looking at the way microsoft's relationship exists with open ai. i'm sure they will look at thei
so they merged with amazon. and the european commission blocks it because they worry we will feature our vacuum cleaner, the roomba, versus others. which, of course, is not our model because we make less money selling third party products versus our own. so what happens? we abdicate the aboutwy igs. i-robot lays off a third of its staff. the stock price tanks. now there is a question whether it will be a going concern. turns out with these vacuum cleaners, they have to map the inside of your...
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Apr 8, 2024
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and it was one of amazon's biggest acquisitions, one medical and amazon has a mixed record in health care and i wonder what do you think it ultimately wants to do here. does it want to get into the employer health care market because so far the success has been mostly on the consumer side. >> well, i think amazon looks to problem statements where there is a significant gap between what people want and what's out in the marketplace and if you look at the combination with one medical and amazon. one medical had a membership subscription program that combined digital health and in-person care and amazon had a membership subscription program and so that was a very nice combination and i think the other interesting thing about amazon is amazon can combine great technology, if tu will, the aws side of the house with logistics and so on some level it also has a long-term perspective. so it's willing to work through things in the long term and i think amazon has the kind of capabilities and the long-term perspective and the consumer focus and the ability to combine logistics and technology.
and it was one of amazon's biggest acquisitions, one medical and amazon has a mixed record in health care and i wonder what do you think it ultimately wants to do here. does it want to get into the employer health care market because so far the success has been mostly on the consumer side. >> well, i think amazon looks to problem statements where there is a significant gap between what people want and what's out in the marketplace and if you look at the combination with one medical and...
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no sell ratings on amazon. rbc put it in a note this week, amazon is one of the internet's largest true alpha dogs. they say thanks to its scale and advantages in e-commerce with its cloud business and a top pick for morgan stanley. that firm laying out what it calls better cost to serve and efficiency upside and points to prime membership driving some of the recurring revenue, cloud adoption, hitting an inflection point and advertising potential. jefferies, meanwhile, says plenty to be excited about and plenty of runway ahead for amazon. shares have outperformed all but nvidia when it comes to the magnificent seven, up about 20% this year. ai has been the big driver for other names in big tech. very few mentions on walmart about artificial intelligence being any catalyst when it comes to amazon. jefferies does bring it up, warning amazon needs to improve its ai offering to stay competitive as multicloud adoption grows. there are other downside risks including aws revenue and margins declining and more competit
no sell ratings on amazon. rbc put it in a note this week, amazon is one of the internet's largest true alpha dogs. they say thanks to its scale and advantages in e-commerce with its cloud business and a top pick for morgan stanley. that firm laying out what it calls better cost to serve and efficiency upside and points to prime membership driving some of the recurring revenue, cloud adoption, hitting an inflection point and advertising potential. jefferies, meanwhile, says plenty to be excited...
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amazon is announcing the chatgpt amazon q a gen-ai assistant. we expect ceo andy jassy to talk about that on the call, guys. >> kate, we appreciate that. >>> let's get an analyst take on amazon's earnings. our next guest agrees that growth in cloud and retail service is key and expects to deliver on both when they report later. joining us now is ron josey. one of the reasons you are favorably inclined towards this stock is that you see mar generals potentially expanding over the next couple years. how can the company do that at a time when they are having to spend as much as they are spending on capital investment in the cloud and in ai? >> thank you for having me, tyler. that is the question. we're at a point we think aws demand is actually accelerating. if it's accelerating, we should see revenues coming up. ideally it's accelerating not through optimizations call it attenuating like the company likes to say but new instances, higher margin revenue. that's aws. tyler, the real answer to the question in our view is the core retail business is a
amazon is announcing the chatgpt amazon q a gen-ai assistant. we expect ceo andy jassy to talk about that on the call, guys. >> kate, we appreciate that. >>> let's get an analyst take on amazon's earnings. our next guest agrees that growth in cloud and retail service is key and expects to deliver on both when they report later. joining us now is ron josey. one of the reasons you are favorably inclined towards this stock is that you see mar generals potentially expanding over the...
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you are bullish with amazon. it is related to somebody bob referenced visa and american express earnings visa with 16% transactions being increased. why is that a big read with amazon with so much spending shift from goods to services >> they are still selling goods. retail sales are strong for q1 we are bullish the sales numbers will come in we know consumers spent a lot of money in q1. amazon picked up that spend. i'm watches the temu and shein i think amazon will blow it out of the water i think aws is going to accelerate they are adding ads in prime if they have everybody there saying i'm not willing to spend $2.99 a month in ads, that a huge business for them that could be a 100 billion pickup for them. everybody spent money in q1 and a lot of people spent money on amazon myself included. >> i want to get to the ads. it is big for the mega cap tech earnings the estimate for amazon digital business is a 20% increase year overob year. are you concerned to grow ads at that level >> it is still very new. i think
you are bullish with amazon. it is related to somebody bob referenced visa and american express earnings visa with 16% transactions being increased. why is that a big read with amazon with so much spending shift from goods to services >> they are still selling goods. retail sales are strong for q1 we are bullish the sales numbers will come in we know consumers spent a lot of money in q1. amazon picked up that spend. i'm watches the temu and shein i think amazon will blow it out of the...
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>> amazon is on the cusp of an all-time high. i'm surprised we're not talking about it. >> we just did. weiss? >> yes, thank you. alphabet. look, it's come back nicely. i still think it's got a long way to go. >> jenny? >> pfizer, 6.3% dividend yield. >> see you on "closing bell." "the exchange" is now. welcome to "the exchange." i'm deidre bosa in for kelly evans. here's what is ahead. another strong jobs report. our guest will tell us what she expects from the get going forward. >>> one retail stock well p positioned for gains. we have the name and how much updied. >>> and higher for longer. that is not an issue for the ultrarich. they are scooping up properties in one market in particular. we'll tell you where. we have one of the power brokers behind some of those big deals. but we begin with the markets and dom chu with the numbers. good news and good news. markets could still likely notch a likely loss. >> so deidre, to your point, it's strong green across the board right now. so strong that we have now put yesterday's downs
>> amazon is on the cusp of an all-time high. i'm surprised we're not talking about it. >> we just did. weiss? >> yes, thank you. alphabet. look, it's come back nicely. i still think it's got a long way to go. >> jenny? >> pfizer, 6.3% dividend yield. >> see you on "closing bell." "the exchange" is now. welcome to "the exchange." i'm deidre bosa in for kelly evans. here's what is ahead. another strong jobs report. our guest will...
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place, is being spent with amazon. so, by the way, there's a reason why the numbers are creeping up, and that reason is both microsoft and google had their cloud sales accelerate last quarter versus the sequentially prior quarter. so it's not like out of the blue, all of a sudden everyone is excited. it's unlikely that you saw the acceleration you saw at the other two and not at aws which is arguably one of the better of the three or the five biggest cloud platforms. i think, also, part of the story here is that, you know, this is a stock where -- first of all, it's the only trillion dollar company that doesn't pay a dividend yet. we'll see if there's a capital return story here. i think there might be. number two, the advertising business here is also growing as fast or faster than the cloud business. so i don't think the focus has to just be what's the aws number and then we just trade off of that, this is now the third biggest advertising business in the country, and, again, that is a growth business for amazon. and
place, is being spent with amazon. so, by the way, there's a reason why the numbers are creeping up, and that reason is both microsoft and google had their cloud sales accelerate last quarter versus the sequentially prior quarter. so it's not like out of the blue, all of a sudden everyone is excited. it's unlikely that you saw the acceleration you saw at the other two and not at aws which is arguably one of the better of the three or the five biggest cloud platforms. i think, also, part of the...
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Apr 11, 2024
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amazon web services is very different than actual amazon, and amazon web services is truly built on nvidia. away from that, you have a lot of good stuff that amazon is doing. web services is nvidia. jensen is not -- you know, he always says, i come in peace. he said to me, i hope they do a good job. they're my customer, and we'll help them in any way we can. you can't get the chips you want from amazon. this is in many ways a defensive move. >> nvidia, not -- >> nvidia's out. they're, like, this blackwell's already sold through that they're coming out with september. >> they haven't even come out with it yet. they've got orders for blackwell. >> let's just understand that a lot of this is trying to help people who cannot get enough. if we had michael dell on right now, do you think michael dell would say, listen, we're doing pretty well, we got a lot of nvidia. whoever gets the nvidia wins, but there's not enough nvidia. >> it continues to be -- right, there are simply the benefits to having the orders, having the ability to have the orders and have that matter. >> why would jensen say he
amazon web services is very different than actual amazon, and amazon web services is truly built on nvidia. away from that, you have a lot of good stuff that amazon is doing. web services is nvidia. jensen is not -- you know, he always says, i come in peace. he said to me, i hope they do a good job. they're my customer, and we'll help them in any way we can. you can't get the chips you want from amazon. this is in many ways a defensive move. >> nvidia, not -- >> nvidia's out....
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Apr 26, 2024
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the ftc first opened this investigation into amazon back in 2019. it was the same year amazon executives did start using the encrvncrypted app this is not the first time, guys, excuse me, federal agencies have complained about these apps the doj alleged that google encouraged employees to use even krapted apps the fbi voiced concerns over wall street using signal and other encrypted apps. >> i don't know the law here but my assumption is unless and until you are alerted by counsel or law enforcement to retain communications, there is no obligation on a company or an individual's part to do so. >> that's right. the ftc opened this case in 2019 and did say they knew that discovery would be part of this and that they were obligated to hold on to these messages. but this signal and encrypted apps are increasingly common i would say in silicone valley among tech companies and that auto delete retention is really getting on the wrong side of regulators they have been frustrated time and time again when a variety of cases, not just amazon, that they are no
the ftc first opened this investigation into amazon back in 2019. it was the same year amazon executives did start using the encrvncrypted app this is not the first time, guys, excuse me, federal agencies have complained about these apps the doj alleged that google encouraged employees to use even krapted apps the fbi voiced concerns over wall street using signal and other encrypted apps. >> i don't know the law here but my assumption is unless and until you are alerted by counsel or law...
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Apr 29, 2024
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steve liesman. >>> get we get earnings from apple and amazon this week amazon first up that's tomorrow. kate rooney gives us a closer look at what investors need to watch. kate >> hey, david. look at the advertising. we hear about amazon's cloud business, ai, but ads and advertising is a less talked about but really a core part of amazon's bull case the bar is higher after snap, microsoft and alphabet all au strong demand for digital ads. investors factoring in amazon's move into tv style commercials and paid ad tier for prime sports are in focus. prime video will stream its first nfl playoff game next season and bloomberg reporting amazon is close to a deal to bring nba games to prime and more ad spending expected ahead of the election. they also have ads embedded in amazon's e-commerce platform with key words and sponsored shopping in its last report in q4 ad revenue soared 26% year over year that was double the growth of the north america and aws sales segments wolf research says amazon makes up 8% of total global ad spend and expects that to out grow the broader industry by 2 xand
steve liesman. >>> get we get earnings from apple and amazon this week amazon first up that's tomorrow. kate rooney gives us a closer look at what investors need to watch. kate >> hey, david. look at the advertising. we hear about amazon's cloud business, ai, but ads and advertising is a less talked about but really a core part of amazon's bull case the bar is higher after snap, microsoft and alphabet all au strong demand for digital ads. investors factoring in amazon's move into...
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Apr 30, 2024
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amazing amazon. shares higher after a big earnings beat. and it's not the only earnings story tonight. pinterest, amd, starbucks all with big moves. we'll to igo inside the numbers >>> plus, chances of the fed making a move lower this year have been coming down. one top strategist says they may need to act as soon as july. >>> and later, lighting up. the dea making a big move to reclassify marijuana. what the move means for trading in these names. i'm melissa lee, coming to you live from studio b at the nasdaq. on the desk tonight -- tim seymour, karen finerman, and steve grasso. >>> stocks closing on a down note, with the nasdaq sinking 2% and the dow shedding 570 points, accelerating the last ten minutes of trading. all three closing near their lows of the session and well in the red for the month. each ending five-month winning streaks. the dow posting its biggest mostly loss since september of 2022. we'll dive more into what is behind these moves later this hour, but we have to start off with amazon. shares are higher, though off their
amazing amazon. shares higher after a big earnings beat. and it's not the only earnings story tonight. pinterest, amd, starbucks all with big moves. we'll to igo inside the numbers >>> plus, chances of the fed making a move lower this year have been coming down. one top strategist says they may need to act as soon as july. >>> and later, lighting up. the dea making a big move to reclassify marijuana. what the move means for trading in these names. i'm melissa lee, coming to...
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Apr 18, 2024
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you're not waiting you bought more amazon >> bought more amazon. >> why >> it's a relatively new position i took a toe hold about a couple of months ago. amazon has held in there very well let's not forget that for the last three years it actually has underperformed the market by a meaningful amount. recently it broke out to a new all-time high. during that three years the financial performance of the company has been fabulous. i don't see that ending. if you look at amazon web services or the retail part of the business, they're going to continue to fire on all cylinders. some people may say, well, at 40 times forward earnings, is this really true to your value discipline, to which i say, yes, for two reasons. i think there's a good likelihood on the strength of the economy that the estimates are too low for amazon and, number two, you really have to normalize amazon's earnings for what if they just stopped building they shouldn't, but what if they stopped investing in the future and operated what they had right now? their expenses would go down, earnings would go up i think is obviously
you're not waiting you bought more amazon >> bought more amazon. >> why >> it's a relatively new position i took a toe hold about a couple of months ago. amazon has held in there very well let's not forget that for the last three years it actually has underperformed the market by a meaningful amount. recently it broke out to a new all-time high. during that three years the financial performance of the company has been fabulous. i don't see that ending. if you look at amazon...
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Apr 9, 2024
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so amazon and meta both were two of my top five picks. i still feed good about both of them. >> that profitability piece has been fascinating to watch. you know, my understanding that is that it's all about openness and choice, that when you look to google, they have the most choice. you even see a citadel securities moving its casting to google cloud. so it's the next leg of this race is taking place, who's best positioned? is it aws or a google cloud? >> well, you've got to remember, the big thing for google, we can focus on the ai side of it, but they have 93% share in search. so on the one hand, you can't say all these companies are doing this great job in ai while there's perplexity or microsoft or openai, et cetera. and google with a 93% share and i think something has to give. that's their golden dwoos is search. last quarter, they missed their revenue numbers, and they missed their operating numbers on the top line. so you can't have it both ways, and that's why for google, i'm sort of watching and waiting to see what happens. esp
so amazon and meta both were two of my top five picks. i still feed good about both of them. >> that profitability piece has been fascinating to watch. you know, my understanding that is that it's all about openness and choice, that when you look to google, they have the most choice. you even see a citadel securities moving its casting to google cloud. so it's the next leg of this race is taking place, who's best positioned? is it aws or a google cloud? >> well, you've got to...
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Apr 11, 2024
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amazon, breaking out of a huge base and a new high. i want to own the best stocks in the leading groups. that's google, that's amazon. it is not apple here. i think apple is a bounce in a down trend. >> interesting. i appreciate your time. >> always. >> chris verrone joining us. >>> all right, he is back with us. how he is now sizing up this week's conflicting inflation reports and whether he thinks the feds should push back their rate cut timeline. that's after this quick break. >>> welcome back. this week's inflation report only adds to the debate of when the federal reserve might be cutting interest rates this year. robert kaplan joins us now with his own view. also the former vice president of goldman sachs. mr. kaplan, welcome back. it's good to see you. >> good to see you, scott. >> how complicated did things get this week for the fed? >> uh -- i think the narrative continues, that goods are disinflating, not perfect, but disinflating. services is sticky, and the cpi and the ppi, i think were somewhat conflicting, but confirm tha
amazon, breaking out of a huge base and a new high. i want to own the best stocks in the leading groups. that's google, that's amazon. it is not apple here. i think apple is a bounce in a down trend. >> interesting. i appreciate your time. >> always. >> chris verrone joining us. >>> all right, he is back with us. how he is now sizing up this week's conflicting inflation reports and whether he thinks the feds should push back their rate cut timeline. that's after this...
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Apr 2, 2024
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that is what makes amazon attractive. we are focused on the fact that amazon web services carries the water for the company. i think what is buried under the surface there is over the last five years since 2019, digital advertising is returning 37% revenue growth year over year. aws is only 27%. with margins estimated to be 50% for both units, i think we should pay more attention to the digital ad side of the business. >> you are paying attention to the digital ad. trades at h43 times. you are focused on the ad business.are regulators in the . amazon losing a court battle related to the online ad business. the judge said after ruling against amazon saying it could cause serious harm to that business. how concerned are you about regulation? >> i'm not super concerned about regulation because amazon is not the biggest player in the space. i think they will go after them as a basket. i think it will make some impact as far as amazon is concerned globally. they are number three behind facebook and google. they are gaining sha
that is what makes amazon attractive. we are focused on the fact that amazon web services carries the water for the company. i think what is buried under the surface there is over the last five years since 2019, digital advertising is returning 37% revenue growth year over year. aws is only 27%. with margins estimated to be 50% for both units, i think we should pay more attention to the digital ad side of the business. >> you are paying attention to the digital ad. trades at h43 times....
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Apr 9, 2024
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amazon going for a new record closing high. we will have analysis on both stories shortly. >>> we will go to the talk of the tape. the release of the consumer price index. let's talk to liz young, the sophia head of investment strategy with me. good to see you again. >> big day. i mean, the rally has already sort of conked out trying to figure out whether or not it should keep going. i think today if you look under the surface of what is happening, we are on day 284 of no 2% correction in the s&p 500. i tallied them all up. it is the longest we have gone without a 2% correction since 2018. i say that, because we are used to the market going up. we are used to this for a very extended period of time. the pullbacks feel alarming, but since reality, we are nly down about 1.2% and this is not a big deal. when you look at the rally pausing, a lot of investors are waiting for that bigger correction, and the narrative continues to be that on a correction or a dip it should be bought. we have not had a good meaningful dip yet. tomorrow
amazon going for a new record closing high. we will have analysis on both stories shortly. >>> we will go to the talk of the tape. the release of the consumer price index. let's talk to liz young, the sophia head of investment strategy with me. good to see you again. >> big day. i mean, the rally has already sort of conked out trying to figure out whether or not it should keep going. i think today if you look under the surface of what is happening, we are on day 284 of no 2%...
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Apr 11, 2024
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let's talk about the amazon operations in europe. looking at the data, they are saying 61% of houses in the uk have amazon prime and 51% in germany. you are announcing a multieuro investment in robotics and hiring. >> we are announcingfor the first time to the public that over the last five years in europe, we have invested over 700 million euro for the development and implementation of over 1,000 new technologies in the field of row he botics a artificial intelligence and technologies that help our employees and our customers and our planet. all of this development is rooted right here in this lab. >> stefano, you are giving us numbers. there are a lot of impressive robotics right there. what does that mean to consumers who want to get their things faster? >> our technologies help employees by increasing safety at the workplace, but help the customers by receiving products with fast and reliable delivery and more sustainable ways of delivering products. for example, today, we are announcing for the first time to the public our lates
let's talk about the amazon operations in europe. looking at the data, they are saying 61% of houses in the uk have amazon prime and 51% in germany. you are announcing a multieuro investment in robotics and hiring. >> we are announcingfor the first time to the public that over the last five years in europe, we have invested over 700 million euro for the development and implementation of over 1,000 new technologies in the field of row he botics a artificial intelligence and technologies...
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Apr 18, 2024
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amazon is going to great lengths to gather intel from rivals. the giant set up a third-party seller called big river services international. a third party arm to sell products through marketplaces. not its own, but e-bay and shopify and walmart and others to gather intelligence according to people familiar with big river, the site spawned from the 2015 plan called project curiosity. it used it with sales to get pricing data and logistic information and other details about sites. let's bring in our steve kovach to bat around the ethical question or moral question or business question. >> doesn't seem legal. >> that is my read >> it is deceitful >> the piece makes it outas if it is a clandestine effort, which it is with their own email addresses. there were times when they go to conferences and they say they're from own email addresses, not representing themselves as they are. sometimes they go to conferences and they say they're from big river. my question is, do we think as amazon seems to suggest in the article, their spokesman, this is a norma
amazon is going to great lengths to gather intel from rivals. the giant set up a third-party seller called big river services international. a third party arm to sell products through marketplaces. not its own, but e-bay and shopify and walmart and others to gather intelligence according to people familiar with big river, the site spawned from the 2015 plan called project curiosity. it used it with sales to get pricing data and logistic information and other details about sites. let's bring in...
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Apr 30, 2024
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for people to get really excited about amazon again, they want some new growth story coming. that materializes itself in the acceleration comments of bigger numbers going forward. people want to see them get on the call and talk about 15% to 16% being the base for the quarter. we think it looks like 20% next quarter going forward. kme the comments will be picked apart. >> you know what? we are talking about acceleration and open-ended growth story. you are talking about the ad business. estimates to grow 2% 3% year ov year. as we mentioned, it is also in the prime video business with the addition of a.i. in the business as well. what is the outlook with this? 23%. is that good enough? what about the comments going forward? >> we think that range were a slight beat given where the stock is at right now is a beat. if you look at the last earnings print, it got the big bump on the last print. it has given that back in the last pullback. we don't think they need the huge beats to get the stock to work right now. that range will be okay. going forward again, investors are looking
for people to get really excited about amazon again, they want some new growth story coming. that materializes itself in the acceleration comments of bigger numbers going forward. people want to see them get on the call and talk about 15% to 16% being the base for the quarter. we think it looks like 20% next quarter going forward. kme the comments will be picked apart. >> you know what? we are talking about acceleration and open-ended growth story. you are talking about the ad business....
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Apr 11, 2024
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all that ahead. >>> and later, amazon's all-time high. the e-commerce giant jumping to records in today's session. is that stock primed to keep popping? don't go anywhere. "fast money" is back in two. >>> this is "fast money" with melissa lee. right here on cnbc. the all new godaddy airo helps you get your business online in minutes with the power of ai... ...with a perfect name, a great logo, and a beautiful website. just start with a domain, a few clicks, and you're in business. make now the future at godaddy.com/airo business. it's not a nine-to-five and y proposition.ness. it's all day and into the night. it's all the things that keep this world turning. it's the go-tos that keep us going. the places we cheer. trust. hang out. and check in. they all choose the advanced network solutions and round the clock partnership from comcast business. powering more businesses than anyone. powering possibilities. my name is oluseyi and some of my favorite moments throughout my life are watching sports with my dad. now, i work at comcast as part o
all that ahead. >>> and later, amazon's all-time high. the e-commerce giant jumping to records in today's session. is that stock primed to keep popping? don't go anywhere. "fast money" is back in two. >>> this is "fast money" with melissa lee. right here on cnbc. the all new godaddy airo helps you get your business online in minutes with the power of ai... ...with a perfect name, a great logo, and a beautiful website. just start with a domain, a few clicks,...
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Apr 12, 2024
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let's start with amazon. that is the best long-term call. >> it is our number one pick in the internet space. >> why? >> we think we had an inflection point. we had aws growth acceleration and record high retail operating margins. i think in the shareholder letter yesterday and interview with andrew, we got a couple of data points to that. for the company, we will have record high free cash flow margins this year. when you have that come together, you have more of a re-rate in the stock. 25 times free cash flow on the numbers next year with the 220 stock price. this could go 20 or 30 times free cash flow at 40%. that is reasonable. you can get up to 2 250. i think amazon is still one of them which is a high quality asset. >> in terms of what we are seeing right now with a.i. and what that could mean for apple, the stock which has been under more pressure this year, what do you think when you check those things out? >> i don't cover apple. a.i. and generative a.i. is the number one issue out there for tech com
let's start with amazon. that is the best long-term call. >> it is our number one pick in the internet space. >> why? >> we think we had an inflection point. we had aws growth acceleration and record high retail operating margins. i think in the shareholder letter yesterday and interview with andrew, we got a couple of data points to that. for the company, we will have record high free cash flow margins this year. when you have that come together, you have more of a re-rate in...
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kate rooney joins us with a look at the state of amazon. >> yeah, so the state of amazon is really about that balance. ceo andy jassy is walking this tightrope of managing profitable, mature business and spending big to keep up in ai. he describes the artificial intelligence strategy as cooptician, fraor example, theye using nvidia chips and partnering with companies while building amazon's own competing models. here's what he told andrew ross sorkin on squawk earlier. >> this is going to transform virtually every experience we know as a gigantic space and there will a be a lot of successful players in it. if you talk to enterprises or companies using generative ai, they are very excited about what we're building and more and more customers are moving toward services and we're going to have partnerships, we have very deep partnership with anthropic. quad 3 is the best model on the planet right now with the best performance and it runs best on top of aws. at the same time, we have a lot of experience building models at the company. >> amazon's $4 billion strategic investment in anthropic
kate rooney joins us with a look at the state of amazon. >> yeah, so the state of amazon is really about that balance. ceo andy jassy is walking this tightrope of managing profitable, mature business and spending big to keep up in ai. he describes the artificial intelligence strategy as cooptician, fraor example, theye using nvidia chips and partnering with companies while building amazon's own competing models. here's what he told andrew ross sorkin on squawk earlier. >> this is...
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Apr 22, 2024
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but so many questions about amazon. uhe been publishing a number of the excerpts and other stories that relate toot issues that you raise. a lot of talk ctics amazon uses understand how folks are doing certain things. saying that they are somebody else in some cases to find out some of the information. and i'm curious whether you think this is right or wrong ultimately. >> so amazon likes to tout all the good it does for small businesses and consumers on its website. but what i found in investigating the company for the book is that it actually spies on its third party sellers, it steals ideas from entrepreneurs. and it gouges a lot of the third party sellers that it holds up as an example of the small businesses that it is helping. they say they are customer obsessed but what i found is they are competitive obsessed. they are misrepresenting themselves to get on rival platforms to get secrets. >> and so let's talk about the tactics in a second, but the customer obsession versus the competition obsession, there is an ar
but so many questions about amazon. uhe been publishing a number of the excerpts and other stories that relate toot issues that you raise. a lot of talk ctics amazon uses understand how folks are doing certain things. saying that they are somebody else in some cases to find out some of the information. and i'm curious whether you think this is right or wrong ultimately. >> so amazon likes to tout all the good it does for small businesses and consumers on its website. but what i found in...
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Apr 26, 2024
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we have amazon reporting next tuesday. josh, you do own amazon. what are your expectations there? >> look, this is the one for me. i got -- i think this one will break out and build a brand-new shareholder fan base it's a situation where basically you had a leadership change pretty much at the worst possible time. bezos hands the company off to jassi who effectively built the cloud business and is probably one of the best operators anywhere but the timing was just awful. so it was a really rough two-year period. i think they now have figured out what the street wants. they figured out what they want to do business-wise. they have taken their lumps in streaming and a lot of different areas. but this is when i think you really want to be here amazon's last four operating income growth rates year over year so this starts with q1 2023. plus 28%, plus 132%, plus 343%, plus 267%. please think about the size and the enormity of those numbers for operating income growth. you will not find that amongst any of the other companies we just spent the last 19 minutes talking about. they're expe
we have amazon reporting next tuesday. josh, you do own amazon. what are your expectations there? >> look, this is the one for me. i got -- i think this one will break out and build a brand-new shareholder fan base it's a situation where basically you had a leadership change pretty much at the worst possible time. bezos hands the company off to jassi who effectively built the cloud business and is probably one of the best operators anywhere but the timing was just awful. so it was a...
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think amazon prime taking a big package. maybe there is an outside shot of netflix with the mid season tournament. this is broadcast and streaming and cutting out basic cable. >> okay. thanks, rich. we're moving on to eli lilly. >>> i think the stock was reacting positively. it is the most valuable drug stock in the world. earnings at $2.58 a share. revenue at 8$8.77 billion. got strong sales from the weight loss and diabetes drugs. increased full-year earnings. david ricks will join us in a few minutes. it is all about munjaro. it's a jungle cruise with emily blunt. no. >> that's "jumanji." >> we're back in a couple of minutes. ♪ music ♪ ♪ unnecessary action hero! ♪ ♪ unnecessary. ♪ was that necessary? no. neither is missing your daughter's competition to do payroll. with paycom, employees do their own payroll so you don't have to miss your daughter's big day. time to shine. get paycom and make the unnecessary unnecessary. with gold and copper prices pushing towards all-time highs, u.s. gold corp is advancing it
think amazon prime taking a big package. maybe there is an outside shot of netflix with the mid season tournament. this is broadcast and streaming and cutting out basic cable. >> okay. thanks, rich. we're moving on to eli lilly. >>> i think the stock was reacting positively. it is the most valuable drug stock in the world. earnings at $2.58 a share. revenue at 8$8.77 billion. got strong sales from the weight loss and diabetes drugs. increased full-year earnings. david ricks will...
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on amazon, the largest ecommerce in the u.s. and most of the western world, you have to sponsor our products with advertising. that's the core of the ad offering it shows especially with google calling out strength in the retail business, that the pay-to-play ad placement for retailers and product producers is essential >> does that mean amazon will benefit? >> absolutely. all of the companies, there is no way they can place the scale of $60 billion or $35 billion of digital ads in a given quarter without automating that business >> richard, always great to sigh you. thank you for being here >>> coming up later today, you don't want to miss the interview with snap ceo evan spiegel at 11:00 a.m. >>> time for the check of the big money movers with silvana henao at cnbc hq silvana. >> frank, let's start with boston beer getting a pop as it reported a surprise first quarter profit and revenue above forecast we are seeing shares up 6% in the pre-market now shipments rising nearly 1% all on growth in the twisted tea brand and offsetti
on amazon, the largest ecommerce in the u.s. and most of the western world, you have to sponsor our products with advertising. that's the core of the ad offering it shows especially with google calling out strength in the retail business, that the pay-to-play ad placement for retailers and product producers is essential >> does that mean amazon will benefit? >> absolutely. all of the companies, there is no way they can place the scale of $60 billion or $35 billion of digital ads in...
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or e-commerce when it comes to amazon success. there is an under the radar segment which could if you will the stock higher. we are back in two it's payback time. all these years, you've worked hard. you fixed it. you looked after it. maybe it's time for your home to start taking care of you? if you're 62 or older and own your home, a reverse mortgage can put more money in your pocket by eliminating your monthly mortgage payments, paying off higher-interest credit cards, and covering medical costs. you paid down the mortgage, invested in your home. i guess, you could say, your home owes you. just eliminating the mortgage payment freed up a lot of cash for us. the fact that we're still in this home, means so much. i get to go do what i want when i want. our customers' homes are taking care of them, maybe, your home could do the same for you. call aag and get your free info kit. call this number. it's a beautiful... ...day to fly. wooooo! >>> welcome back. shares of amazon slightly higher today ahead of the earnings tomorrow while i
or e-commerce when it comes to amazon success. there is an under the radar segment which could if you will the stock higher. we are back in two it's payback time. all these years, you've worked hard. you fixed it. you looked after it. maybe it's time for your home to start taking care of you? if you're 62 or older and own your home, a reverse mortgage can put more money in your pocket by eliminating your monthly mortgage payments, paying off higher-interest credit cards, and covering medical...
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i think it's very well positioned. >> let's talk amazon, then apple. what are your expectations this week >> i think amazon will deliver solid results. i think what the market is looking for in everything i'm seeing is the analysts feel like there's more that could be delivered from amazon stock. when you look at the fundamentals, yeah, i would have to agree i think there's more that amazon can deliver based on what we're seeing with these trends >> and then apple, which i mentioned at the very stop of our program gets this upgrade by toni sacconaghi, who hasn't had a buy or outperform in six years. finally comes off the sidelines and said, quote, buy the fear. >> there's definitely a lot to fear first of all, analysts are expected probably a buck 50 over a little over 90 billion in top line those are solid numbers, but there's a bit of a drag because of what's happening in china the interesting takeaway you i said from the bernstein analyst is a lot of people are concerned because of shifting behavior in china, especially among the younger audience, c
i think it's very well positioned. >> let's talk amazon, then apple. what are your expectations this week >> i think amazon will deliver solid results. i think what the market is looking for in everything i'm seeing is the analysts feel like there's more that could be delivered from amazon stock. when you look at the fundamentals, yeah, i would have to agree i think there's more that amazon can deliver based on what we're seeing with these trends >> and then apple, which i...
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Apr 9, 2024
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no celebrations on amazon. rbc calls amazon one of the true alpha dogs thanks to scale and e-commerce combined with cloud business and jefferies says still plenty to be excited about, plenty of runway ahead. also a topic for morgan stanley, which points out better cost and efficiency upside plus prime driving the recurring revenue. advertising potential and while a.i., as you've talked about, very few mentions of it as a catalyst for amazon stock. the big risk include any sort of aws decline and then e-commerce competition from shein and temu. >> kate rooney, thank you. stephanie link, you own the stock. >> it's had a good prior year, too, up 81%. it is a clear standout. i would say there's three ways to win with amazon. aws accelerates, what we've been seeing, and the data points show 12% growth to 15%, 16% by the end of the year. that's very powerful. this is the most important business for the company. retail margins are accelerating. i think they could do high single digits and then you have advertising. i
no celebrations on amazon. rbc calls amazon one of the true alpha dogs thanks to scale and e-commerce combined with cloud business and jefferies says still plenty to be excited about, plenty of runway ahead. also a topic for morgan stanley, which points out better cost and efficiency upside plus prime driving the recurring revenue. advertising potential and while a.i., as you've talked about, very few mentions of it as a catalyst for amazon stock. the big risk include any sort of aws decline...
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Apr 26, 2024
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ads are profitable this is what amazon realized everyone is coming to amazon to buy products and they will think let's sell them ads. if you look at the amazon page, 70% of it is ads they are paying for. this is an important business. the growth is continuing you saw acceleration with the youtube ads and growth with search ad business is here to stay. >> was this the "show me" quarter for a.i. microsoft's cfo implied guidance is this the "show me" quarter? does a.i. or these companies need to show us more >> i think it is an important development in the end demand. we need to see more applications out there for the use by the corporates overall, we see the demand coming through i think what is happening is microsoft and google are saying customers are buying these cloud services what is great for the customers is they are showing restraint on the cost side. >> back to meta. we were discussing how investors are not enjoying the metaverse as much as the past. that was a rebranding for the company. i wonder if this is a moment where meta has to rethink their name again and strategy ultim
ads are profitable this is what amazon realized everyone is coming to amazon to buy products and they will think let's sell them ads. if you look at the amazon page, 70% of it is ads they are paying for. this is an important business. the growth is continuing you saw acceleration with the youtube ads and growth with search ad business is here to stay. >> was this the "show me" quarter for a.i. microsoft's cfo implied guidance is this the "show me" quarter? does a.i. or...
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Apr 22, 2024
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amazon has not been consistently profitable. it is hard to imagine an amazon, and under andy jassy, maybe more of a possibility and you're looking at the big six and you can see that amazon is the only name on the graphic that doesn't offer a buyback or dividend. there you go. jassy seems more responsive to wall street. you know, he gets on the earnings call. that's something that bezos hadn't done in many, many years. he talks a lot about efficiency and who knows? free cash flow, bring it back there. it was negative in 2021 and now it is positive so who knows? it could be next. >> educate me a little bit here. we are, i guess, prone to say that the ai race is between two or three players, google, alphabet, microsoft, maybe amazon, but i keep hearing meta sneaking in there, that they may be a real up and comer. am i wrong or right about that? >> you are absolutely right about that. they're taking different strategies and microsoft exploded with chatgpt and amazon is doing a bunch of different things that are less clear to invest
amazon has not been consistently profitable. it is hard to imagine an amazon, and under andy jassy, maybe more of a possibility and you're looking at the big six and you can see that amazon is the only name on the graphic that doesn't offer a buyback or dividend. there you go. jassy seems more responsive to wall street. you know, he gets on the earnings call. that's something that bezos hadn't done in many, many years. he talks a lot about efficiency and who knows? free cash flow, bring it back...
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those details coming up. >>> amazon set to report tonight. we'll get you ready for that number and talk about where the consensus lies when "squawk on the street" comes right back. ws to sharpen their skills with tailored education. get an expanding library filled with new online videos, webcasts, articles, courses, and more - all crafted just for traders. and with guided learning paths stacked with content curated to fit your unique goals, you can spend less time searching and more time learning. trade brilliantly with schwab. . >>> shares of lilly popping higher. the latter of which is experiencing shortages here in the united states. something david rigs did address on "squawk box" this morning. take a listen. >> we don't give out those long-term projections but i can say is our top priority is making more product and we're doing everything we can to do that. it's capital intensive, technically complex and highly regulated. we've put in the last year $11 billion in announcements out there in new capex projects, five big projects in the u.s
those details coming up. >>> amazon set to report tonight. we'll get you ready for that number and talk about where the consensus lies when "squawk on the street" comes right back. ws to sharpen their skills with tailored education. get an expanding library filled with new online videos, webcasts, articles, courses, and more - all crafted just for traders. and with guided learning paths stacked with content curated to fit your unique goals, you can spend less time searching...
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Apr 11, 2024
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if amazon web services is not delivering, quite frankly, most of it. people forget, where is the money going to be made? it's not just in semis. the semi play will get brutal. the platform play is better, you think the typical customer cares if they're running a gpu from company a versus company b? no. they will care about the services built onto their a.i. platform. that's where amazon has potential. the stock is 26% above its moving average. it may not be the best possible day to buy it, but i will stay long here, and i would not be afraid to get long this stock. it's been above its 200 day for about 233 trading days. the trend is solid, and i think there will be opportunities on the way up, but i'm long and i'm pleased with what i'm seeing. >> rich, you're long the name as well as it gets reiterated as a top large cap pick at evercore. mahaney says he sees amazon as one of the few large caps with material rerating this year. >> a lot has to do with the dynamic of changing their cost structure, which is a large catalyst. it's moving their cash flow l
if amazon web services is not delivering, quite frankly, most of it. people forget, where is the money going to be made? it's not just in semis. the semi play will get brutal. the platform play is better, you think the typical customer cares if they're running a gpu from company a versus company b? no. they will care about the services built onto their a.i. platform. that's where amazon has potential. the stock is 26% above its moving average. it may not be the best possible day to buy it, but...
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Apr 24, 2024
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amazon, 169. tonight's meta, nearly 100% year-over-year earnings for q1 >> on the other side of that, look at apple. they will have declining revenue and earnings on that chart you just showed. i think you will continue not only to see a dispersion with the mega caps of amazon, meta, facebook, microsoft and nvidia crushing it, i think meta tonight is setting up -- and we'll talk about it later -- but this is going to deliver the goods. i think microsoft and amazon will also deliver the goods. and so i think you're setting up where these multiples and the growth we have last year in stock appreciation is going to be warranted and will help lift up the rest of the market. to your point about these six names versus the other 494, i think once we get into the second and third quarter of the year, the other names, the other names in the s&p from a revenue and earnings, are going to start to pick up i think this is just a q1 year over year. i'm about the negative earnings growth >> weiss, are we going t
amazon, 169. tonight's meta, nearly 100% year-over-year earnings for q1 >> on the other side of that, look at apple. they will have declining revenue and earnings on that chart you just showed. i think you will continue not only to see a dispersion with the mega caps of amazon, meta, facebook, microsoft and nvidia crushing it, i think meta tonight is setting up -- and we'll talk about it later -- but this is going to deliver the goods. i think microsoft and amazon will also deliver the...
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Apr 29, 2024
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around amazon, but advertising is sort of a lesser talked-about, still core part of amazon's upside. analysts are factoring that into its move into tv-style commercials and then this new paid ad tier for prime they're charging $2.99 for ad-free livestreaming, live sports seen as a potential windfall prime will stream nfl next season it's also more ad spending ahead of the presidential election then, you've got advertising embedding ads on amazon's e-commerce platform. there's target keywords and sponsored shopping where certain products are placed higher in the fourth quarter ad revenue soared 26% year over year that was roughly double the growth rate for the company's overall north america segment and aws sales. research, meanwhile, calculates amazon now makes up about 18% of total ad spend and expects the company to outgrow the broader industry as they're going to become a larger part of the revenue mix over the next three to five years. ubs, last week, upping its price target on amazon, citing in part the addition of that newer, high-margin revenue stream with prime video ads. the
around amazon, but advertising is sort of a lesser talked-about, still core part of amazon's upside. analysts are factoring that into its move into tv-style commercials and then this new paid ad tier for prime they're charging $2.99 for ad-free livestreaming, live sports seen as a potential windfall prime will stream nfl next season it's also more ad spending ahead of the presidential election then, you've got advertising embedding ads on amazon's e-commerce platform. there's target keywords...
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Apr 23, 2024
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amazon and microsoft, alphabet are all in the red. and of the mag 7, it's only been profitable this year to short apple and tesla. shorting tesla has been risky over the yooears, bears have lo a total of $52.5 billion, shortly tesla, since its ipos, according to s-3. only two years have been profitable for short sellers and tesla. this is on the track to be one of them. tesla shorts are up about $9 billion for the year. andrew? >> our next guest is here to weigh in on the state of the economy, the fed, and so much more. i want to bring in two-time nobel prize winning economist, joseph stiglitz. the former cea chair, former world chief bank economist, now professor at columbia university, chief economist at the roosevelt university. he has a new book out called "the road to freedom," economics and the good society. and today is publication day, so congratulations. it's nice to have a nobel prize winner at the table. >> nice to be here. >> i want to talk about this book and i want to talk about the freedom you talk about in the economy.
amazon and microsoft, alphabet are all in the red. and of the mag 7, it's only been profitable this year to short apple and tesla. shorting tesla has been risky over the yooears, bears have lo a total of $52.5 billion, shortly tesla, since its ipos, according to s-3. only two years have been profitable for short sellers and tesla. this is on the track to be one of them. tesla shorts are up about $9 billion for the year. andrew? >> our next guest is here to weigh in on the state of the...
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Apr 10, 2024
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why you didn't lock up anthropic for example in the same way that amazon locked up open a.i. or did it? and how does that relationship work? >> anthropic started with us and they are still a close partner of ours. we trained the models and integrated it into our platforms. we are giving our technology along with anthropic to many customers. in fact, there are meetings today along with the anthropic team with several customers to show people how they can use the anthropic model on top of our platform. along side gemini we do that too. we never wanted to say if you want to serve a model through us, you have to be owned by us or tethered to us. we give model providers, whether they are open source like llama 2 from facebook or meta, we give them a choice of where they want to run the models. if we do an exceptional job, we will get more customers using our platforms along with their models. >> so both google and amazon have announced multibillion dollar investment into the gen a.i. start up anthropic. but the partnership could be more important to amazon than google because goog
why you didn't lock up anthropic for example in the same way that amazon locked up open a.i. or did it? and how does that relationship work? >> anthropic started with us and they are still a close partner of ours. we trained the models and integrated it into our platforms. we are giving our technology along with anthropic to many customers. in fact, there are meetings today along with the anthropic team with several customers to show people how they can use the anthropic model on top of...
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Apr 23, 2024
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amazon is the great equalizer. amazon web services going to be incredibly strong. amazon advertising is on fire. i want to go to my namesake in georgia. jim? >> hey, good afternoon, jim. booyah. >> booyah back. >> i hope you're doing well. >> could not be better. >> great. great. glad to hear that. what are your thoughts about this acquisition between kroge ? >> i think the government will block it because there reeling from the safeway deal. the one where people ave other stores and it became a hagg way. [ laughter ] so, they're not going to do that deal. anyway, right now the brown chutes are affecting the green shoots. we are in favor of brown chutes. we want rate cuts. it it's exactly what we need for the fed just by cutting rates just when everyone had given up. isn't that exactly the way it works? mad money tonight. s&p such as lights down and i'm learning more about what's working for the software giant. nobody's interested about it for me but you want to be interested because it's really good. on the other side of the coin, newport is milking reporting last
amazon is the great equalizer. amazon web services going to be incredibly strong. amazon advertising is on fire. i want to go to my namesake in georgia. jim? >> hey, good afternoon, jim. booyah. >> booyah back. >> i hope you're doing well. >> could not be better. >> great. great. glad to hear that. what are your thoughts about this acquisition between kroge ? >> i think the government will block it because there reeling from the safeway deal. the one where...
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Apr 25, 2024
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you see some of the shares ahead of the market open stateside microsoft, amazon and alphabet are all lower. we are looking at the range of 2% youdown to discuss more, we have the head of thematic intelligence i would like to get your thoughts on the outlook for meta the message on the spending outlook tells something for investors. >> revenues were not bad up 27% the key thing was spending spending without a business model. meta has been promoting the metaverse for some time. it is a little bit dead now. it may revive in a few years now they are focusing on a.i the expenditure capital is $40 billion. that could be a quarter of revenue. that is an enormous amounts of cap ex to sales. microsoft has a clear a.i. model. they embed in in copilot and work flows meta is not selling chips or cloud services or a.i. models because they are based on open source how will they make money from a.i. they are spending all this money, but haven't put a strategy on it >> i want your thoughts on how you are reading that across the sector i want to share this quote with you from another analyst they sai
you see some of the shares ahead of the market open stateside microsoft, amazon and alphabet are all lower. we are looking at the range of 2% youdown to discuss more, we have the head of thematic intelligence i would like to get your thoughts on the outlook for meta the message on the spending outlook tells something for investors. >> revenues were not bad up 27% the key thing was spending spending without a business model. meta has been promoting the metaverse for some time. it is a...
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Apr 9, 2024
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yeah, wall street has been overwhelmingly positive on amazon. in the past two weeks, there's been a handful of price target increases and calls reaffirming amazon as one of the analyst's highest conviction stocks. the target is $209. it's roughly 13.5 times above where amazon has been the trading, 95% of the firms out there have the equivalent of a buy rating with three holds and no sell ratings. as rbc put it in a note, amazon is one of the internet's largest true alpha dogs, thanks scale a e-commerce combined be its cloud business. the topic for morgan stanley, that firm laying out what it calls better cost to serve models. driving revenue there, clouded option hitting an inflection point and advertising potential for amazon. jefferies says there's still plenty to be excited about and plenty of runway ahead for amazon despite it nearly at an all-time high. very few mentions of ai as a driver for the stock. jefferies warns that amazon niece to improve ai ufrg to stay competitive. there are downside risks including aws revenue or margins declini
yeah, wall street has been overwhelmingly positive on amazon. in the past two weeks, there's been a handful of price target increases and calls reaffirming amazon as one of the analyst's highest conviction stocks. the target is $209. it's roughly 13.5 times above where amazon has been the trading, 95% of the firms out there have the equivalent of a buy rating with three holds and no sell ratings. as rbc put it in a note, amazon is one of the internet's largest true alpha dogs, thanks scale a...
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Apr 26, 2024
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the biggest is amazon. i hope you like fellow cap meta platforms or will it be more like microsoft and alphabet ? they also put up some excellent add numbers for you to. i wonder if amazon saw the same thing for their at business. i know that they are spending nvidia chips like there's no tomorrow but they don't do anything unless they know they have the customers first. on top of that i would like to find out if amazon has lowered the cost of sending packages to you. by the way, that is the key metric. starbucks reports, intriguing. we were on 10 arrest about this position. has that gotten better. have they solved the problems with breakfast in the afternoon. with a face up to too many variations and coffee? how is labor? has the boycott subsided? i can't believe it has come to this but it did hurt the numbers last time thanks to customer intimidation. i know it is just china in my mind, but let's see. i know the answer. i am nervous. wednesday morning we find out about cvs and if they've been able to avoi
the biggest is amazon. i hope you like fellow cap meta platforms or will it be more like microsoft and alphabet ? they also put up some excellent add numbers for you to. i wonder if amazon saw the same thing for their at business. i know that they are spending nvidia chips like there's no tomorrow but they don't do anything unless they know they have the customers first. on top of that i would like to find out if amazon has lowered the cost of sending packages to you. by the way, that is the...
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Apr 8, 2024
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amazon web services, we know that is growing well. retail is growing well. there's a lot to like at amazon. >> weiss, this is at morgan stanley, and material upside to retail profit, and also they have increased confidence in the ability to deliver continued earnings and free cashflow that are pretty nice, let's just say that. >> yeah, look. it seems like every week we are seeing -- maybe multiple times a week we are seeing price increases, targets on amazon, on alphabet, on everything. i tend to ignore them. i own the stock, and none of them are cheap. >> none of them are cheap? >> alphabet is cheap, actually. i do think alphabet is cheap, and it's maligned for the wrong reasons. >> apple got cheaper. >> i think apple has been overpriced for year. >> their chart is terrible. >> yeah. they have no growth. >> on a fundamental view, i would disagree, but on a chart point of view, it's right here. >> i would love appreciation for being the og on apple is doing nothing. >> let me defend that. >> i'm talking here. do either of you disagree that revenue and earnin
amazon web services, we know that is growing well. retail is growing well. there's a lot to like at amazon. >> weiss, this is at morgan stanley, and material upside to retail profit, and also they have increased confidence in the ability to deliver continued earnings and free cashflow that are pretty nice, let's just say that. >> yeah, look. it seems like every week we are seeing -- maybe multiple times a week we are seeing price increases, targets on amazon, on alphabet, on...
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Apr 25, 2024
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they did, amazon, too. >> instagram >> if you buy some of the stuff on amazon, which, by the way, their stuff is about -- there's no accounting for taste, but i don't regard the stuff as being that great amazon gives you a date. these guys don't give you a date temu is, like, it might come, it might not. you buy something from amazon, and alexa tells you it's at your door in about 35 seconds it's a little bit scary. >> parent company reported earnings, as you well know it's only time jim doesn't say anything >> oh, yes he got quiet >> look at him can we get a shot of jim >> although there are some firms coming to comcast's defense this morning, talking about broadband arpu up. >> the financials themselves seemingly met many of the estimates of the analysts who follow the company, even at loss of 65,000 total, broadband customers was more or less where many analysts had been first quarter revenue was up, was a bit better than the consensus. ebitda numbers, perhaps, depending on which analysts you talk to or follow was more or less in line or a bit below. but there's kind of a quick read
they did, amazon, too. >> instagram >> if you buy some of the stuff on amazon, which, by the way, their stuff is about -- there's no accounting for taste, but i don't regard the stuff as being that great amazon gives you a date. these guys don't give you a date temu is, like, it might come, it might not. you buy something from amazon, and alexa tells you it's at your door in about 35 seconds it's a little bit scary. >> parent company reported earnings, as you well know it's...
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Apr 10, 2024
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amazon is expensive, but it's doing the job. >> i was going to mention amazon we go through some of the mag seven. we talked about amazon yesterday as it approached $2 trillion in market value. didn't quite get there. >> it's barely down. >> it's backed off a tiny bit, but right near all-time highs. >> it's barely down. >> it's not cheap. >> they have andy on tomorrow on "squawk." >> on "squawk box," i saw that. >> andy is not promotional. he's very calm. giant fan. sorry. but i think that in the end, that stock's had a very big move, and if someone wants to sell them, i'm not going to fight him. i'm not selling any from my trust. what are you doing? >> i'm looking through my notes to find something else to talk about. >> have it in your head for heaven's sake. >> i have lots in my head. may not compare with quite the number of voices in your head. >> oil and gas. >> you really want to talk about oil and gas? >> people don't stop recommending them. i thought it was interesting. >> i wanted to talk about bytedance. it's a private company, but you know what? sometimes, we should talking a
amazon is expensive, but it's doing the job. >> i was going to mention amazon we go through some of the mag seven. we talked about amazon yesterday as it approached $2 trillion in market value. didn't quite get there. >> it's barely down. >> it's backed off a tiny bit, but right near all-time highs. >> it's barely down. >> it's not cheap. >> they have andy on tomorrow on "squawk." >> on "squawk box," i saw that. >> andy is not...
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Apr 22, 2024
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amazon and apple are coming next week. take a look at each one of these names through the lens of ai. not big business yet for any of these names, but some are progressing more than others. let's call this your ai gut check. let's start with meta partnering with google last week to power a new version of its meta ai chatbot. the most important thing here for meta is engagement, proving this keeps people using meta apps like whatsapp and instagram and facebook. it debuted to millions of users last week starting with a huge user base to start with there. one thing to listen here is any hints at co-pilot sales. that's the digital ai assistant they're selling, and a taste of ai revenue growth from the azure cloud unit. over to alphabet, reorganizing their product teams ahead of ai this week, including bringing ai researchers into the broader ai unit called deep mind. and then next week we'll start with amazon. not much consumer facing there in ai, but does have a lot of ai hosted on its cloud, and that is the metric to look fo
amazon and apple are coming next week. take a look at each one of these names through the lens of ai. not big business yet for any of these names, but some are progressing more than others. let's call this your ai gut check. let's start with meta partnering with google last week to power a new version of its meta ai chatbot. the most important thing here for meta is engagement, proving this keeps people using meta apps like whatsapp and instagram and facebook. it debuted to millions of users...
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Apr 23, 2024
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nvidia number one, followed by microsoft, apple, tesla and meta, amazon and alphabet. there's also been negative sentiment around these companies. but the short interest, it might be more about downside protection and hedging. investors are using megacap tech to hedge their overall portfolios it's for fishlt than going long material they are cheap to borrow and short because they're so liquid. he described them as a hedge with, quote, serious afterburners since they get the biggest kick in the teeth if the market goes the wrong way for them, aside from last week shorting big tech, it's been a lot less profitable. nvidia shorts, for example, down 35% this year. meta shorts down 27%, amazon, microsoft, alphabet bears are all in the red of the mag seven, it's only been profitable to short apple and short tesla. shorting tesla, though, that's been risky bears have lost a total $52.5 billion, shorting tesla since inipo, only two years have been profitable for short sellers this is on track to be one of them the shorts are up $9 billion this year, guys. >> how do we know how
nvidia number one, followed by microsoft, apple, tesla and meta, amazon and alphabet. there's also been negative sentiment around these companies. but the short interest, it might be more about downside protection and hedging. investors are using megacap tech to hedge their overall portfolios it's for fishlt than going long material they are cheap to borrow and short because they're so liquid. he described them as a hedge with, quote, serious afterburners since they get the biggest kick in the...
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Apr 12, 2024
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>> it's crazy there's a new study that the top five retailers among teens, amazon is number one. shein and temu is on that list for the first time ever. i think what you are seeing in your own household is very consistent with young people's shopping behaviors. the thing is young people don't have a lot of money to spend. so the sheins and the temus, they can get a lot for not very much. >> young people really like games and gaming, and that is what shein and temu really play on. i mean, when you go to the site, the first thing it asks you to do is spin a wheel for discounts. i wonder, did they get something there that american ecommerce companies haven't been able to take advantage of? how sustainable is it? you can only imagine they're burning through tons of money to offer those kinds of discounts. >> yeah. i mean, i think the gamification of shopping is a little bit scary when you think about it, and i don't think it's sustainable, but it's fun while it lasts. >> i guess, and you can get really cheap things. talk a little bit about tiktok because again, you know, that was sor
>> it's crazy there's a new study that the top five retailers among teens, amazon is number one. shein and temu is on that list for the first time ever. i think what you are seeing in your own household is very consistent with young people's shopping behaviors. the thing is young people don't have a lot of money to spend. so the sheins and the temus, they can get a lot for not very much. >> young people really like games and gaming, and that is what shein and temu really play on. i...