Do you think that will still be true five years from today? Thumb rule for the stocks. Retail store traffic fell a whopping 98% last week in the U.S. What's that leftover 2% you ask? Your trips to the grocery store and Target. When U.S. Cruises Will Resume and What Conditions Will Be Like on Board, What to Expect from Walmart's Black Friday Deals in 2020. Part of the problem has been the online giant’s second-quarter earnings miss. Both retailers have expanded their digital business to match Amazon’s fulfillment options and pricing. Stay up to date with Amazon stock news. Former Google CEO Eric Schmidt said last week that Americans should be “a little bit grateful” for the companies. Amazon is thinking about stepping up its investments to reduce delivery time for Prime members. Im holding my shares for a loooong time. This, buy now and then stop looking, just scooped amazon, Apple and msft. The primary reason consumers are buying more from Amazon is to avoid physical stores, the survey showed. It's the third Friday in September. In his letter to shareholders last week, Amazon CEO Jeff Bezos said the company is spending more than $500 million through the end of April on hiring an additional 175,000 employees to help meet demand caused by the pandemic. Of the 49 analysts covering the stock, 47 recommend “buy,” one recommends “hold,” and one recommends “sell.” Their average target price of $2,261.27 for AMZN stock implies a 27.8% upside based on its August 26 closing price of $1,768.87. Press question mark to learn the rest of the keyboard shortcuts. Like many stocks out there, Amazon has been fluctuating like crazy. — Jordyn Holman (@JordynJournals) April 21, 2020. Like everyone said, you bought to hold long term right? Second, if you look at the overall market, everything is going down. Bearish markets have also hurt Amazon. Bezos said that testing everyone regularly for COVID-19 — not just his own employees — will be key to helping the world bounce back from the novel coronavirus crisis. The company is taking heat for a growing number of COVID-19 cases inside its warehouses. To add to this, you never know why sellers are selling. Microsoft, Apple, Amazon, Alphabet, and Facebook now account for more than 20% of the market cap of the S&P 500 index, Reuters reported. Stocks go down, people ask if they should sell. This regulatory pressure could restrain Amazon’s growth potential. Amazon’s EPS of $5.22 missed analysts’ estimate of $5.77 by a wide margin. Listen, I bought Amazon at a higher price than you. Amazon stock continues to fall, dragged down by growth concerns. Lime data shows both services are growing in Seattle, Election Day: Tips for avoiding misinformation, impact on the tech industry, and more, ‘MeowTalk,’ an app that translates cat sounds, is a pet project for this former Alexa engineer, How this virtual event startup rebounded from a near-shutdown to an acquisition amid the pandemic, Fred Hutch researchers uncover new genetic details of White House COVID-19 outbreak, Smartphone accessory maker Moment releasing line of MagSafe products for iPhone 12, TVision launch: Why T-Mobile’s CEO isn’t overly focused on profits from new video platform, Why Valve’s Gabe Newell arranged to have a garden gnome launched into orbit, Joe Biden’s campaign funding ‘bundlers’ include some top names in Seattle tech, Concure Oncology raises $2M to bring innovative breast cancer radiation therapy to more patients, What gives you hope? “Regular testing on a global scale, across all industries, would both help keep people safe and help get the economy back up and running,” Bezos wrote in his annual letter to shareholders.