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Amazon.com Inc. (NASDAQ: AMZN) is the everything e-commerce behemoth and one of the world’s largest companies by market capitalisation. It generates sales from its namesake e-commerce platform, its AWS web server business and countless other complementary services, such as Amazon Prime. The company started from humble beginnings in the late ’90s by Founder Jeff Bezos selling books online. In 1997, Amazon served 1.5 million customers. Today, Amazon serves hundreds of millions of customers through its global e-commerce stores, millions via its AWS cloud server business and touches many more with its technology (e.g. Prime Video, Echo, Kindle).
All three US stock market indices finished the week higher, with big tech stocks like Amazon (NASDAQ:AMZN) driving the market.
Are FAANG stocks like Facebook Inc (NASDAQ: FB), Apple Inc (NASDAQ: AAPL), Amazon Inc (NASDAQ: AMZN), Netflix Inc (NASDAQ: NFLX) and Google/Alphabet Inc (NASDAQ: GOOGL) better than Australia’s blue-chip shares like Commonwealth Bank of Australia (ASX: CBA) and Telstra Ltd (ASX: TLS)?
The ASX 200 (ASX: XJO) capped off another positive day on Thursday despite a fall in the oil price sending the entire sector down 1.1%. On Friday, the ASX 200 is tipped to open modestly higher at the open, with Woolworths Ltd (ASX: WOW) in focus.
US markets finished broadly higher on Friday, with the Nasdaq leading the way to jump 1.5%. Here’s what you need to know.
Imagine you have $10,000 to invest in ASX shares, Australian ETFs or US stocks right now… where on earth can you go to get some ideas? Then imagine if you get 3 analysts and one experienced podcast host to get some of their best ideas…
The Codan Limited (ASX: CDA) share price has continued its steady climb since the pandemic. Can the Codan share price continue on the same trajectory?
US markets commenced the week strongly, led by gains in the technology sector, which finished 1.4% higher on Monday.
A spike in inflation sent US stock markets lower overnight, the Dow Jones losing 2.0% while the Nasdaq suffered a 2.7% fall.
US stock markets fell overnight, the tech-heavy Nasdaq suffering a steep 2.6% fall. Trade Desk (NASDAQ:TTD) stock tumbled 26%.
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