Oil Prices Aren't Going Down -- Do This Now

While I don't think oil prices are coming down anytime soon... There is a way for Americans to reclaim energy independence. A new technology so powerful that we call it "the forever battery." It's no surprise that Bill Gates and Volkswagen are already eyeing this startup. And you can get your stake for under $20 a share.

Amazon And Others Likely To Gain From Strong Back-To-School Spending, BofA Says

Anusuya Lahiri
August 12, 2022
  • The back-to-school shopping season has kicked off firmly, cooling some concerns about U.S. consumer stability, according to Bank of America Corp (NYSE:BAC), Bloomberg reports.

    Spending on school items, including college, will likely hit a record high of $111 billion in 2022, a 1% increase over last year, estimates National Retail Federation.

    The institute acknowledged the two years of already-strong back-to-school spending thanks to federal stimulus and the purchase of electronic devices to adopt remote learning.

    Also Read: Amazon Q2 Earnings Highlights: Revenue Beat, Loss On Rivian Investment, Prime Day, Guidance And More

    BofA acknowledged the trend of consumers stocking up earlier this year as price-conscious shoppers look to lock in the best deals. While the shift would be conducive for July month, it will impact the month of August.

    The findings reflect resilient U.S. consumers despite surging inflation and recession concerns. Shoppers will likely spend a record amount this school year due to the higher prices and economic conditions, as per a Deloitte survey.

    Competition has also heated with Amazon.com Inc’s (NASDAQ: AMZN) midsummer Prime Day sale.

    Tigress Financial expressed bullishness in Amazon, citing ongoing momentum in Prime Membership, increasing traction with third-party sellers, strength in AWS, and growth and share price gains. 

    BofA acknowledged that consumers also shopped earlier during the past winter’s holiday season for better deals and to avoid delays due to supply-chain issues. Similar to 2021, e-commerce is also likely to play a vital role, BofA added. 

    Price Action: AMZN shares closed higher by 2.07% at $143.55 on Friday.

Continue Reading...

Most Popular
September 29, 2022

US Stocks Look Set To Squander Wednesday's Gains As Economic Worries Continue To Haunt Traders, Futures Trading Shows — Apple, Tesla In Focus

The major U.S. index futures were pointing to a markedly weaker start on Thursday, potentially reversing some of the previous session’s strong gains. U.S. stocks rallied out of the gate on Wednesday, with the upward momentum accelerating over the course of the session, as bargain hunting lifted the market from out of its two-year lows.

September 29, 2022

CarMax: Q2 Earnings Insights

CarMax (NYSE:KMX) reported its Q2 earnings results on Thursday, September 29, 2022 at 06:50 AM. Here's what investors need to know about the announcement. Earnings CarMax missed estimated earnings by 43.17%, reporting an EPS of $0.79 versus an estimate of $1.39.

September 30, 2022

Legal Crypto Loophole - Ad

On the training, you will learn about the... "Window Of Opportunity - 7 Ways To Make Money With Crypto Even If You Are Brand New" plus a bonus 8th "Instant Money Loophole" strategy you can start today.

September 28, 2022

Why Alibaba, Nio And Other Stocks Are Shooting Up (For Now) In Hong Kong Today

Hong Kong stocks opened in the green, taking cues from a relief rally on Wall Street after the Bank of England said it will start buying government bonds at an urgent pace to help restore orderly market conditions. The central bank has pledged to buy 65 billion pounds worth of government bonds.

September 30, 2022

Elon Musk Texts Reveal Frustration: 'Fixing Twitter By Chatting With Parag Won't Work'

A dump of text messages featuring Elon Musk’s interactions with Twitter Inc. (NYSE: TWTR) founder Jack Dorsey and its CEO Parag Agrawal and a host of other big

September 30, 2022

Right now it's only trading for around $1.00... - Ad

Charlie Shrem revealed his #1 crypto recommendation for 2022. It's a new blockchain platform set to disrupt a $60 billion industry.

September 29, 2022

What's Going On With Nio Stock Today?

NIO Inc (NYSE: NIO) shares are trading lower Thursday alongside several Chinese names as global equities fall amid U.S. economic concerns and currency uncertainty. 

September 30, 2022

Louis Navellier Presents "Turbocharged" Stock Research Technology - Ad

Louis recently released new research from one of his latest quant-based initiatives. It's called Project Mastermind. Fitted with AI (artificial intelligence) technology, it's helping him find some of the fastest-moving stocks on the market... Winners that can hand you 100% gains or more in just a few months.

September 28, 2022

Expert Ratings for Magna International

Magna International (NYSE:MGA) has observed the following analyst ratings within the last quarter:

September 29, 2022

Traveling In Or Out Of Florida? Here's The Latest From Its Airports

Hurricane Ian continues to batter Florida with many airports remaining closed and many flights being canceled. According to Flight Aware, a service that monitors flight status in real-time, nearly 2,000 flights within the U.S were canceled on Thursday, with Florida seeing the greatest percentage.

September 30, 2022

This Is Bigger Than 5G, AI, or Electric Vehicles - Ad

It's still on the "ground floor" level of opportunity because you don't see major financial publishers making any mention of it. Which is exactly why investing in companies like this is so attractive.

September 29, 2022

12 Industrials Stocks Moving In Thursday's After-Market Session

Gainers Aqua Metals (NASDAQ:AQMS) stock increased by 4.8% to $0.83 during Thursday's after-market session. The market value of their outstanding shares is at $63.8 million.

September 30, 2022

10 Information Technology Stocks With Whale Alerts In Today's Session

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.

September 30, 2022

Reuters Confirms Fast-Spreading Income "Hobby" - Ad

Reuters, Barron's, and Forbes... The mainstream media seems to finally be catching onto THIS "safe and steady" income source... In fact, it's being hailed as the new "hobby" for Baby Boomers. But this type of trade isn't just for fun... This 'hobby" is also handing out huge profits... ($185/day on average to be exact). Want in on the action?

September 29, 2022

Maine Survey Shows Most Voters Want A New Drug Policy Approach That Includes Decriminalization

A recent poll, led by University of Maine professors R. Glover and K. Sporer during July and August 2021 and shared this week, found that of the 400+ Mainers, a majority believe the priority is to treat people who have opioid and general drug use disorders rather than punish them under the law.

September 30, 2022

Tiny Biotech Wins $75 Billion Patent - Ad

Cambridge firm proves its possible to "Find & Replace" cancer cells. The Wall Street Journal reports this small biotech is "Transforming Medicine." No wonder Goldman Sachs & Morgan Stanley have been quietly buying shares. Get the name of this little-known stock here....

September 29, 2022

SPDR Gold Trust Consolidates As Bank Of England Seeks To Stabilize Markets

The SPDR Gold Trust (NYSE: GLD) experienced some volatility intraday trading up and down within Wednesday’s range.

September 28, 2022

Elon Musk's Tesla Adds Airbnb Co-founder Joe Gebbia To Its Board: Here's The Fine Print

Tesla Inc. (NASDAQ: TSLA) has added Airbnb Inc (NASDAQ: ABNB) co-founder Joe Gebbia to its Board of Directors with effect from September 25, the company said in a statement.

September 30, 2022

The Crypto "Crash" Is a Good Thing - Ad

For the first time ever, 57 industry insiders - CEOs, entrepreneurs, venture capitalists, politicians, regulators, Wall Street execs, celebrities, and activists - pull back the curtain to reveal what's really going on with cryptocurrencies.

September 30, 2022

Check Out What Whales Are Doing With WBA

Someone with a lot of money to spend has taken a bearish stance on Walgreens Boots Alliance (NASDAQ:WBA). And retail traders should know. We noticed this today when the big position showed up on publicly available options history that we track here at Benzinga.

September 30, 2022

Fear Among US Investors Is Increasing, Here's Why

The CNN Money Fear and Greed index showed a rise in the fear level after the S&P 500 recorded a new low for 2022.

September 30, 2022

Crypto Profits In Up or Down Markets? - Ad

Learn a profitable newbie-friendly crypto loophole that works no matter if markets are up or down. Register for our free "Loophole" strategy training today.

September 29, 2022

Earnings Scheduled For September 29, 2022

Companies Reporting Before The Bell • Antelope Ent Hldgs (NASDAQ:AEHL) is expected to report earnings for its first quarter.

September 29, 2022

'Genocide Against Rohingya Was Possible Only Because Of Facebook,' Says Refugee, As Amnesty Highlights Meta's Role In Myanmar Violence

Rohingya refugees are seeking reparations from Meta Platforms Inc. (NASDAQ: META) after a report revealed that its algorithms “proactively amplified and promoted content,” inciting hatred against the community on Facebook.

September 30, 2022

Man Who Called Dot-Com Bust Says: "It's Coming." - Ad

Louis Navellier predicted the three biggest stock market corrections of the last 40 years before they happened. Now, he says the economy has reached "a point of no return". And he believes all Americans must do one thing right away to protect their wealth.

September 30, 2022

What 6 Analyst Ratings Have To Say About Rocket Companies

Within the last quarter, Rocket Companies (NYSE:RKT) has observed the following analyst ratings:

September 30, 2022

$1000 Invested In This Stock 10 Years Ago Would Be Worth $9,000 Today

Amazon.com (NASDAQ:AMZN) has outperformed the market over the past 10 years by 14.89% on an annualized basis producing an average annual return of 24.4%. Currently, Amazon.com has a market capitalization of $1.18 trillion.

September 30, 2022

An Opportunity Larger Than NFT, Crypto, and the Stock Market - Ad

Charlie Shrem -- one of bitcoin's first investors -- just revealed what he believes will be the top crypto opportunity of 2022. And it isn't NFTs...Or bitcoin. It's a technology trend so revolutionary, that experts believe it could be worth $544 trillion.

September 30, 2022

MetLife Whale Trades Spotted

Someone with a lot of money to spend has taken a bearish stance on MetLife (NYSE:MET). And retail traders should know. We noticed this today when the big position showed up on publicly available options history that we track here at Benzinga.

September 30, 2022

99% of Investors Don't Even Know These Opportunities Exist. - Ad

These are the types of coins that can grow so fast that it makes even Bitcoin's growth seem like a horse-drawn buggy next to a Ferrari.

September 30, 2022

Biden to Replace US Dollar? - Ad

Thanks to Biden's Executive Order 14067, every dollar you own could be in serious jeopardy. They could be made worthless, or even confiscated -- practically overnight.

September 29, 2022

Eight Crypto Firms Join Robinhood, Gemini In The Crypto Market Integrity Coalition

The Crypto Market Integrity Coalition (CMIC), a self-regulatory group attempting to stop crypto market manipulation, announced on Thursday that crypto exchange Bittrex, custodian BitGo and six other firms joined it.

September 28, 2022

Indigenous-Owned Company Canndigenous Awarded USDA Grant To Develop Climate-Friendly Hemp

Wisconsin-based hemp company Canndigenous, in partnership with Iconoclast Industries and several universities and business partners, received $15 million from the “Industrial Hemp for Fiber and Grain” project by the USDA’s Climate-Smart Commodities program.

September 30, 2022

Will This Be the Worst U.S. Crisis Ever? - Ad

Wealthy 73-year-old U.S. entrepreneur retreats to one of his three European properties to issue serious warning (and 4 recommendations) for Americans. "It falls on someone like me to warn you clearly. I'm too rich to care about money--and too old to care what anyone thinks."

Most Recent
September 30, 2022

How to Find Valorem Stocks - Ad

September 30, 2022

"Prepare for Five Years of Famine" - Ad

September 30, 2022

MetLife Whale Trades Spotted

September 30, 2022

Recap: Circor Intl Q2 Earnings

September 30, 2022

Hidden Gems of Crypto - Ad

September 30, 2022

6 Figures In 2 Months - Ad

September 30, 2022

Could This Be the Next Bitcoin? - Ad

September 30, 2022

Is This the "Amazon of Crypto"? - Ad

Information, charts or examples are for illustration and educational purposes only and not for individualized investment management This message contains commercial elements, such as advertising. We only send these offers to those who have opted in to our newsletter. Past performance is not indicative of future results. For these reasons we strongly suggest trading in a DEMO/Simulated account. The information provided by us is for educational and informational purposes only. We make no representations or warranties concerning the products, practices or procedures of any company or entity mentioned or recommended and have not determined if the statements and opinions of the advertiser are accurate, correct or truthful. If you use, act upon or make decisions in reliance on information contained or any external source linked within it, you do so at your own peril and agree to hold us, our officers, directors, shareholders, affiliates and agents without fault.

Copyright 2020 activatrade.ca
Privacy Policy | Terms of Service