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Amazon's Holiday Dominance Is A Bonus for Investors

By Mark Kolakowski | November 29, 2017 — 12:15 PM EST

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Amazon.com Inc. (AMZN

AMZN

Amazon.com Inc

1,161.27

-2.71%

 

) may capture nearly 25% of all consumer dollars spent online in the U.S. during this holiday season, according to Youssef Squali, senior analyst for the internet and media sector at SunTrust Robinson Humphrey, as reported by The Wall Street Journal.

As further evidence of Amazon's increasing dominance in retail, the consensus view among analysts is that the company's North American and International segments will record about $53.5 billion in net retail sales during the fourth quarter, 33% better than the same period last year, and more than 60% better than two years ago, per the Journal.

Amazon's stock is up 59% for the year-to-date through Tuesday, putting its market capitalization at $569 billion per Yahoo Finance. Amazon is not just a leader in retail, but also in a rapidly-growing segment of business services, cloud computing.

Largely due to this diversified business model, Amazon may be on track to reach a market cap of $1 trillion by the end of 2018. (For more, see also: Amazon May Soon Become Market's 'Trillion Dollar Bull.')

Soaring Cloud Revenues

Amazon's cloud computing division, called Amazon Web Services (AWS), is projected to record $17.3 billion of revenue in 2017, up 42% from the prior year, per the Journal. AWS is the clear market leader, and one recent study indicates that its share exceeds the combined shares of its next three biggest competitors, Microsoft Corp. (MSFT

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), International Business Machines Corp. (IBM

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), and Alphabet Inc. (GOOGL

GOOGL

Alphabet Inc

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), the parent of Google.

While Microsoft is making strides to close the gap, currently growing its cloud revenues more than twice as fast, AWS is developing more value-added cloud services to keep ahead of the competition.

Read more: Amazon's Holiday Dominance Is A Bonus for Investors | Investopedia https://www.investopedia.com/news/amazons-holiday-dominance-bonus-investors/#ixzz4zsiacHCw 

NEWS

NEWS

Paybells   10:43 PM

NEWS

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Bitcoin saw a massive, sudden spike just after it broke through a closely watched milestone Tuesday night.
The cryptocurrency traded at an all-time high of $10,831.75 just after 12:30 a.m. ET, according to industry site CoinDesk. That represented a more than 10 percent jump from its price around $9,830 just 24 hours earlier.
In fact, much of that incredible gain had come in just the last four hours after the cryptocurrency smashed through the $10,000 mark that many analysts had been hyping for months.

All told, it's been an exponential ascent from 6 cents seven years ago and less than $1,000 at the start of this year.
Since bitcoin's market capitalization is less than $200 billion, enthusiasts point out the digital currency could rise dramatically if it draws even a tiny fraction of the world's $200 trillion in traditional financial market assets.
More than 120 "cryptofunds" have launched, including some run by Wall Street veterans, according to financial research firm Autonomous Next. In another move towards establishing bitcoin's legitimacy as an asset class, the world's largest futures exchange, CME, is planning to launch bitcoin futures in the second week of December.
Former Fortress hedge fund manager Michael Novogratz predicted on CNBC's "Fast Money" in October that bitcoin would reach $10,000 in the next six to 10 months. As bitcoin rose above $9,700 Monday, Novogratz said in another "Fast Money" segment that bitcoin could "easily" be at $40,000 at the end of 2018.
Last Wednesday, Fundstrat's Tom Lee raised his mid-2018 price target for bitcoin to $11,500 from $6,000. That followed a similar upgrade last Monday by Standpoint Research's Ronnie Moas, who raised his 2018 price target for bitcoin to $14,000 from $11,000.
However, other market watchers remain highly critical of bitcoin. JPMorgan Chase CEO Jamie Dimon has called the digital currency a "fraud" and BlackRock CEO Larry Fink has said bitcoin is an "index of money laundering." Aswath Damodaran, a professor of corporate finance and valuation at New York University's Stern School of Business, has also noted that unless bitcoin can be used for ordinary transactions, "it could be just another fad."
U.S. dollar-bitcoin trading volume only makes up about 20 percent of the total, according to CryptoCompare. Japanese yen trading in bitcoin dominates at about 61 percent, while trading in South Korean won accounts for about 11 percent, according to CryptoCompare.

Everett RosenfeldAsia Pacific Editor

Evelyn ChengWriter

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Symbol	Price		Change	%Change
Bitcoin/USD	10395.3799		526.62	5.34%

  

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BIT COIN NEWS

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Paybells   10:26 PM

BIT COIN NEWS Bitcoin sees sudden, sharp spike after smashing through $10,000 The cryptocurrency traded at an all-time high of $10,831.75 just after 12:30 a.m. ET, according to industry site CoinDesk. Since bitcoin's market capitalization is less than $200 billion, enthusiasts point out the digital currency could rise dramatically if it draws even a tiny fraction of the world's $200 trillion in traditional financial market assets. Everett Rosenfeld | Evelyn Cheng Published 37 Mins Ago Updated 30 Mins Ago CNBC.com Bitcoins Getty Images Bitcoin saw a massive, sudden spike just after it broke through a closely watched milestone Tuesday night. The cryptocurrency traded at an all-time high of $10,831.75 just after 12:30 a.m. ET, according to industry site CoinDesk. That represented a more than 10 percent jump from its price around $9,830 just 24 hours earlier.

IN THE NAME OF ALMIGHTY GOD

IN THE NAME OF ALMIGHTY GOD

Paybells   9:41 PM

ALLAH IS GREAT