Podcast: Amazon's $811 Billion Market Value, and Two Other Numbers You Need to Know
Numbers By Barron’s is a two-minute financial podcast with three vital numbers to start your morning. Available on iTunes, Apple Podcast, Stitcher, and wherever you get your podcasts-as well as on your Amazon Alexa smart speaker
Three numbers to start your day:
-as investors hoped for the tariff dispute to end.
Minutes released Wednesday from the Federal Reserve’s meeting last month also helped. Some members wanted to nix a December rate increase and that reinforced the Fed’s willingness to delay more hikes.
Fed Chairman Jerome Powell did some damage control earlier this month when he said that the Fed will be patient with increases. So stocks stayed in the black for the day.
-after they were downgraded by analysts. Among those stocks was homebuilder Lennar.
The company missed fourth-quarter earnings and revenue estimates, which should have been a stock killer. But investors appear prepared for the worst or maybe they think it can’t get any worse.
That could be a sign that the market is on its way to recover its steep losses in December.
-making it the most valuable U.S. public company. Sorry, Apple.
But there’s still upside, according to a JPMorgan analyst, who thinks Amazon could rise as much as 26% from recent prices.
Sales growth is likely to accelerate in the first quarter, higher than the range the company told investors to expect. In addition, the combination of Amazon Web Services and the company’s advertising business will pitch in a whopping 85% plus of operating profits for 2019.
Numbers by Barron’s is a new daily podcast. Find out morehere.
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