Macquarie was so impressed with Amazon’s “blowout” earnings, the global investment bank raised its 12-month price forecast to the highest on Wall Street and a value that would imply a record milestone for a publicly traded company.
“We believe that even without margin expansion in core retail, the other businesses can drive significant profit growth over the coming years and will make AMZN the first trillion dollar company,” analyst Ben Schachter wrote in a note to clients Friday. “As its core 1st and 3rd party retail sales continue to take significant share from virtually all competitors, its subscription business, AWS, and advertising business are all exceeding expectations markedly.”
The analyst’s new price target is $2,100, which would imply a surge of about 40 percent from Thursday’s close to a market value of $1.02 trillion. Amazon closed Thursday at $1,517.96 and was up 9.5 percent in premarket trading Friday to
Best Bank Stocks To Invest In 2018: Fluor Corporation(FLR)
- [By David Zeiler]
Construction stocks Fluor (NYSE: FLR) and Granite Construction Inc. (NYSE: GVA) both rose about 8%; Vulcan Materials Co. (NYSE: VMC) jumped nearly 10%.
- [By ]
Fluor Corp (NYSE: FLR) is one of the largest firms in the industry and has used that size to go after the largest contracts. Fluor has the largest single support services contract to the U.S. military and is able to service many projects that its smaller competitors cannot handle.
- [By Paul Ausick]
Fluor Corp. (NYSE: FLR) dropped about 6.3% Monday to post a new 52-week low of $41.78 after closing at $44.58 on Friday. The stock’s 52-week high is $58.37. Volume of about 3.5 million was more than double the daily average. The company had no specific news.
Best Bank Stocks To Invest In 2018: Impax Laboratories, Inc.(IPXL)
- [By Keith Speights]
Impax Laboratories (NASDAQ: IPXL ) could be watching more closely than Sanofi. The two companies reached a deal last year that allows Impax to begin marketing a generic version of Renvela in 2014. If approved, Zerenex could take away some of the profits that Impax expected to gain.
- [By Lisa Levin]
Shares of Impax Laboratories Inc (NASDAQ: IPXL) were down around 29 percent to $10.12. Impax Labs reported Q4 adjusted earnings of $0.16 per share on revenue of $198.4 million.
Best Bank Stocks To Invest In 2018: KLA-Tencor Corporation(KLAC)
- [By Jim Cramer]
The company’s current return on equity greatly increased when compared to its ROE from the same quarter one year prior. This is a signal of significant strength within the corporation. Compared to other companies in the Semiconductors & Semiconductor Equipment industry and the overall market, KLA-TENCOR CORP’s return on equity significantly exceeds that of both the industry average and the S&P 500.
- [By JPMorga]
KLA-Tencor, which is in the process of being acquired by Lam Research, continues to deliver best-in-class dividends as a result of its solid operational performance and strong free cash flow generation. The company’s current dividend yield is at 3.1%.
- [By Jim Cramer]
The debt-to-equity ratio is very high at 10.70 and currently higher than the industry average, implying increased risk associated with the management of debt levels within the company. Despite the company’s weak debt-to-equity ratio, the company has managed to keep a very strong quick ratio of 3.00, which shows the ability to cover short-term cash needs.