L'intérêt à découvert pour Amazon.com donne aux investisseurs une idée du degré auquel les investisseurs parient sur la baisse de l'action de Amazon.com. Les données sur l'intérêt à découvert sont mises à jour toutes les deux semaines.

Amazon.com (NASDAQ:AMZN) Stock, Rapport sur les intérêts à découvert

Amazon.com

Amazon is the leading online retailer and marketplace for third party sellers. Retail related revenue represents approximately 75% of total, followed by Amazon Web Services' cloud computing, storage, database, and other offerings (15%), advertising services (5% to 10%), and other the remainder. International segments constitute 25% to 30% of Amazon's non-AWS sales, led by Germany, the United Kingdom, and Japan.

Amazon.com Inc

JPMorgan analyst Doug Anmuth sees strong online sales growth this holiday season and points to Amazon.com Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>) as the firm's "Best Idea" for capturing the momentum. 
Here's a look at what Anmuth expects from the e-commerce giant during the 2024 <a href="https://www.benzinga.com/news/large-cap/24/11/41958095/googles-holiday-100-trending-gift-list-features-sony-e-l-f-beauty-nike">holiday shopping season.&nbsp;</a>
Expert Ideas: Anmuth expects "solid" online holiday sales growth of 7.5% year-over-year, slightly below the nine percent sales growth achieved last year.&nbsp;
The JPMorgan analyst noted consumers are still dealing with elevated inflation and higher interest rates and said that Amazon sees shoppers trading down, hunting for deals and remaining price-conscious through the holiday season.&nbsp;
Read Next: <a href="https://www.benzinga.com/news/global/24/11/42100433/archegos-capitals-bill-hwang-receives-18-year-sentence-for-fraud-market-manipulation">Archegos Capital&#8217;s Bill Hwang Receives 18 Year Sentence For Fraud, Market Manipulation</a>
The 2024 holiday season is the shortest since 2019, with only 27 days between Thanksgiving and Christmas, and retailers are running early promotional cycles to support demand and ease stress on retail networks. Anmuth said Amazon is expected to hire 250,000 holiday workers, the same amount as last year which reflects the company's increased cost discipline and efficiency.&nbsp;
Amazon will be streaming a live NFL game on Black Friday which JPMorgan sees supporting growth in both advertising and e-commerce revenue during the holiday weekend. The analyst said Amazon benefits from its "high-intent" customer base and its ability to<a href="https://www.benzinga.com/trading-ideas/24/10/41527960/amazon-vs-walmart-e-commerce-giant-offers-gas-savings-to-prime-members-ev-charging-discounts-in-lat"> turn an ad</a> into a transaction.&nbsp;
Anmuth highlighted Amazon's faster delivery speeds as the company continues to expand its same-day/one-day delivery offerings. The JPMorgan analyst highlighted more than 40 million customers ordered same-day in the third quarter, an increase of more than 25% from the same period last year. 
The analyst pointed to Amazon's market share of approximately 45% of U.S. e-commerce and views the company as <a href="https://www.benzinga.com/news/earnings/24/10/41664778/amazon-q3-earnings-highlights-revenue-beat-eps-beat-q4-guidance-new-kindles-significantly-outperfor">well-positioned</a> to drive demand with its fastest shipping speeds ever during the 2024 holiday season.&nbsp;
AMZN Price Action: According to <a href="https://pro.benzinga.com/?gspk=YWRhbWVja2VydDUzMzY&amp;gsxid=zBMR4PKmcgBw">Benzinga Pro</a>, Amazon shares ended Wednesday's session 0.85% lower at $202.88.
Read Next:&nbsp;
<ul>
<li><a href="https://www.benzinga.com/etfs/24/11/42044642/trump-appears-frustrated-as-elon-musk-chimes-in-on-treasury-secretary-adds-more-names-to-a-list-of-potential-picks">Trump Appears &#8216;Frustrated&#8217; As Elon Musk Chimes In On Treasury Secretary, Adds More Names To Short List&nbsp;</a></li>
</ul>
Photo: Shutterstock&nbsp;

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AMZN

Amazon Remains 'Best Idea' In E-Commerce This Holiday Season, JPMorgan Analyst Says

Snowflake Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SNOW#NYSE">SNOW</a>) reported third-quarter financial results after the market close on Wednesday. Here&#8217;s a rundown <a href="https://www.benzinga.com/pressreleases/24/11/b42099069/snowflake-reports-financial-results-for-the-third-quarter-of-fiscal-2025">of the report</a>.
Q3 Earnings: Snowflake reported third-quarter revenue of $942.09 million, beating the&nbsp;<a href="https://www.benzinga.com/calendars/earnings" target="_blank" rel="noreferrer noopener">consensus estimate</a>&nbsp;of $896.99 million.&nbsp;The data cloud company reported adjusted earnings of 20 cents&nbsp;per share, beating analyst estimates of 15 cents&nbsp;per share, according to&nbsp;<a href="https://benzinga.grsm.io/gxjhpowx7zks" target="_blank" rel="noreferrer noopener">Benzinga Pro</a>.
Total revenue was up 28% year-over-year. Product revenue came in at $900.3 million, up 29% year-over-year. Net revenue retention rate was 127% in the quarter.&nbsp;
Remaining performance obligations totaled $5.7 billion, up 55% year-over-year. Snowflake said it ended the quarter with 542 customers with trailing 12-month product revenue greater than $1 million.
&#8220;Our obsessive drive to produce product cohesion and ease of use has built Snowflake into the easiest and most cost-effective enterprise data platform. That is what&#8217;s leading us to win new logo after new logo, expand within our customer base, and displace our competition over and over again,&#8221; said Sridhar Ramaswamy, CEO of Snowflake.
Don&#8217;t Miss: <a href="https://www.benzinga.com/news/earnings/earnings-beats/24/11/42097649/walmart-posts-q3-sales-beat-raises-guidance-analysts-expect-strong-earnings-growth-ahead">Walmart Posts Q3 Sales Beat, Raises Guidance: Analysts Expect Strong Earnings Growth Ahead</a>
Outlook:&nbsp;Snowflake&nbsp;expects fourth-quarter product revenue in the range of $906 million to $911 million,&nbsp;up approximately 23% year-over-year. The company also raised its full-year product revenue guidance from $3.356 billion to $3.43 billion, representing 29% year-over-year growth.
Management will hold a call to further discuss the quarter with analysts and investors at 5 p.m. ET.
What Else: Snowflake announced it signed a <a href="https://www.benzinga.com/pressreleases/24/11/b42099044/snowflake-agrees-to-acquire-open-data-integration-platform-datavolo">definitive agreement</a> to acquire enterprise AI company&nbsp;Datavolo. Snowflake expects the acquisition to help the company simplify data engineering workloads and deliver data interoperability and extensibility, a building block for effective enterprise AI.
Snowflake also announced a <a href="https://www.benzinga.com/pressreleases/24/11/b42099092/snowflake-and-anthropic-team-up-to-bring-claude-models-directly-to-the-ai-data-cloud">strategic multi-year partnership</a> with AI data cloud company Anthropic, which is backed by Amazon.com Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>). The partnership is expected to help enable global enterprises develop and scale easy, efficient and trusted AI products.
Snowflake said Anthropic&#8217;s newest Claude 3.5 models will be available to leverage within Snowflake Cortex AI on Amazon Web Services.
&#8220;Our partnership with Anthropic represents a massive leap forward in expanding on our promise to provide thousands of global customers with easy, efficient, and trusted AI for a holistic set of enterprise use cases,&#8221; said Christian Kleinerman, executive vice president of Product at Snowflake. 
&#8220;By bringing Anthropic&#8217;s industry-leading models to customers&#8217; enterprise data where it already lives, within the security and governance boundaries of the AI Data Cloud, we will unleash new ways for businesses to harness this data for agentic use cases, coding assistants, document chatbots, unstructured data analytics, and more.&#8221;
SNOW Price Action: <a href="http://benzinga.com/quote/snow">Snowflake shares</a> were down about 34% year-to-date heading into the print. The stock was up 18.65% in after-hours, trading at $153.23 at the time of publication Wednesday, according to <a href="http://pro.benzinga.com">Benzinga Pro</a>.
Photo: Shutterstock.

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SNOW

Snowflake Q3 Earnings: Revenue Beat, EPS Beat, Guidance Raise, AI Acquisition, Anthropic Partnership And More

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.
Traders will search for circumstances when the market estimation of an option diverges heavily from its normal worth. High amounts of trading activity could push option prices to exaggerated or underestimated levels. 
Below are some instances of options activity happening in the Consumer Discretionary sector: 
<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>TSLA</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>11/22/24</td>
<td>$337.50</td>
<td>$335.0K</td>
<td>2.7K</td>
<td>15.5K</td>
</tr>
<tr>
<td>AMZN</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>12/20/24</td>
<td>$205.00</td>
<td>$53.9K</td>
<td>20.7K</td>
<td>2.8K</td>
</tr>
<tr>
<td>PDD</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>11/29/24</td>
<td>$100.00</td>
<td>$96.5K</td>
<td>699</td>
<td>2.7K</td>
</tr>
<tr>
<td>M</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>01/17/25</td>
<td>$18.00</td>
<td>$29.0K</td>
<td>93</td>
<td>1.1K</td>
</tr>
<tr>
<td>BABA</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>01/16/26</td>
<td>$100.00</td>
<td>$30.3K</td>
<td>5.3K</td>
<td>668</td>
</tr>
<tr>
<td>GCT</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>01/17/25</td>
<td>$30.00</td>
<td>$132.0K</td>
<td>4.4K</td>
<td>500</td>
</tr>
<tr>
<td>GME</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>04/17/25</td>
<td>$30.00</td>
<td>$28.4K</td>
<td>2.8K</td>
<td>395</td>
</tr>
<tr>
<td>DKNG</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>12/19/25</td>
<td>$40.00</td>
<td>$29.0K</td>
<td>1.7K</td>
<td>139</td>
</tr>
<tr>
<td>TJX</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>04/17/25</td>
<td>$125.00</td>
<td>$105.1K</td>
<td>348</td>
<td>124</td>
</tr>
<tr>
<td>HD</td>
<td>PUT</td>
<td>SWEEP</td>
<td>NEUTRAL</td>
<td>09/19/25</td>
<td>$360.00</td>
<td>$150.0K</td>
<td>119</td>
<td>104</td>
</tr>
</tbody>
</table>

<h2>Explanation</h2>
These itemized elaborations have been created using the accompanying table. 
• For TSLA (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>), we notice a put option sweep that happens to be bearish, expiring in 2 day(s) on November 22, 2024. This event was a transfer of 500 contract(s) at a $337.50 strike. This particular put needed to be split into 10 different trades to become filled. The total cost received by the writing party (or parties) was $335.0K, with a price of $670.0 per contract. There were 2796 open contracts at this strike prior to today, and today 15522 contract(s) were bought and sold. 
• For AMZN (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>), we notice a call option sweep that happens to be bullish, expiring in 30 day(s) on December 20, 2024. This event was a transfer of 100 contract(s) at a $205.00 strike. This particular call needed to be split into 15 different trades to become filled. The total cost received by the writing party (or parties) was $53.9K, with a price of $539.0 per contract. There were 20776 open contracts at this strike prior to today, and today 2844 contract(s) were bought and sold. 
• Regarding PDD (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PDD#NASDAQ">PDD</a>), we observe a put option sweep with bullish sentiment. It expires in 9 day(s) on November 29, 2024. Parties traded 994 contract(s) at a $100.00 strike. This particular put needed to be split into 61 different trades to become filled. The total cost received by the writing party (or parties) was $96.5K, with a price of $99.0 per contract. There were 699 open contracts at this strike prior to today, and today 2730 contract(s) were bought and sold. 
• For M (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/M#NYSE">M</a>), we notice a call option sweep that happens to be bullish, expiring in 58 day(s) on January 17, 2025. This event was a transfer of 1000 contract(s) at a $18.00 strike. This particular call needed to be split into 48 different trades to become filled. The total cost received by the writing party (or parties) was $29.0K, with a price of $30.0 per contract. There were 93 open contracts at this strike prior to today, and today 1110 contract(s) were bought and sold. 
• Regarding BABA (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BABA#NYSE">BABA</a>), we observe a call option trade with bearish sentiment. It expires in 422 day(s) on January 16, 2026. Parties traded 30 contract(s) at a $100.00 strike. The total cost received by the writing party (or parties) was $30.3K, with a price of $1010.0 per contract. There were 5329 open contracts at this strike prior to today, and today 668 contract(s) were bought and sold. 
• For GCT (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GCT#NASDAQ">GCT</a>), we notice a put option trade that happens to be bearish, expiring in 58 day(s) on January 17, 2025. This event was a transfer of 200 contract(s) at a $30.00 strike. The total cost received by the writing party (or parties) was $132.0K, with a price of $660.0 per contract. There were 4459 open contracts at this strike prior to today, and today 500 contract(s) were bought and sold. 
• For GME (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GME#NYSE">GME</a>), we notice a call option trade that happens to be bullish, expiring in 148 day(s) on April 17, 2025. This event was a transfer of 36 contract(s) at a $30.00 strike. The total cost received by the writing party (or parties) was $28.4K, with a price of $790.0 per contract. There were 2833 open contracts at this strike prior to today, and today 395 contract(s) were bought and sold. 
• Regarding DKNG (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DKNG#NASDAQ">DKNG</a>), we observe a put option sweep with bearish sentiment. It expires in 394 day(s) on December 19, 2025. Parties traded 51 contract(s) at a $40.00 strike. This particular put needed to be split into 12 different trades to become filled. The total cost received by the writing party (or parties) was $29.0K, with a price of $570.0 per contract. There were 1738 open contracts at this strike prior to today, and today 139 contract(s) were bought and sold. 
• Regarding TJX (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TJX#NYSE">TJX</a>), we observe a put option sweep with bearish sentiment. It expires in 148 day(s) on April 17, 2025. Parties traded 123 contract(s) at a $125.00 strike. This particular put needed to be split into 15 different trades to become filled. The total cost received by the writing party (or parties) was $105.1K, with a price of $855.0 per contract. There were 348 open contracts at this strike prior to today, and today 124 contract(s) were bought and sold. 
• Regarding HD (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HD#NYSE">HD</a>), we observe a put option sweep with neutral sentiment. It expires in 303 day(s) on September 19, 2025. Parties traded 100 contract(s) at a $360.00 strike. This particular put needed to be split into 22 different trades to become filled. The total cost received by the writing party (or parties) was $150.0K, with a price of $1505.0 per contract. There were 119 open contracts at this strike prior to today, and today 104 contract(s) were bought and sold. 
Options Alert Terminology 
 - Call Contracts: The right to buy shares as indicated in the contract. 
 - Put Contracts: The right to sell shares as indicated in the contract. 
 - Expiration Date: When the contract expires. One must act on the contract by this date if one wants to use it. 
 - Premium/Option Price: The price of the contract. 
For more information, visit our <a href="https://pro.benzinga.com/blog/how-to-understand-option-alerts/">Guide to Understanding Options Alerts</a> or read <a href="https://www.benzinga.com/markets/options">more news on unusual options activity</a>. 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Options

BABA

DKNG

Citigourp Global Markets 2% Protected Notes Linked To The Djia

TSLA

10 Consumer Discretionary Stocks With Whale Alerts In Today's Session

In today's fast-paced and competitive business landscape, it is essential for investors and industry enthusiasts to thoroughly analyze companies before making investment decisions. In this article, we will conduct a comprehensive industry comparison, evaluating Amazon.com (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>) against its key competitors in the Broadline Retail industry. By examining key financial metrics, market position, and growth prospects, we aim to provide valuable insights for investors and shed light on company's performance within the industry.
<h3>Amazon.com Background</h3>
Amazon is the leading online retailer and marketplace for third party sellers. Retail related revenue represents approximately 75% of total, followed by Amazon Web Services' cloud computing, storage, database, and other offerings (15%), advertising services (5% to 10%), and other the remainder. International segments constitute 25% to 30% of Amazon's non-AWS sales, led by Germany, the United Kingdom, and Japan.
<table>
<thead>
<tr>
<th>Company</th>
<th>P/E</th>
<th>P/B</th>
<th>P/S</th>
<th>ROE</th>
<th>EBITDA (in billions)</th>
<th>Gross Profit (in billions)</th>
<th>Revenue Growth</th>
</tr>
</thead>
<tbody>
<tr>
<td>Amazon.com Inc</td>
<td>43.72</td>
<td>8.30</td>
<td>3.52</td>
<td>6.19%</td>
<td>$32.08</td>
<td>$31.0</td>
<td>11.04%</td>
</tr>
<tr>
<td>Alibaba Group Holding Ltd</td>
<td>17.91</td>
<td>1.58</td>
<td>1.62</td>
<td>4.64%</td>
<td>$54.02</td>
<td>$92.47</td>
<td>5.21%</td>
</tr>
<tr>
<td>PDD Holdings Inc</td>
<td>12.67</td>
<td>4.66</td>
<td>3.66</td>
<td>13.54%</td>
<td>$37.97</td>
<td>$63.36</td>
<td>85.65%</td>
</tr>
<tr>
<td>MercadoLibre Inc</td>
<td>67.99</td>
<td>24.28</td>
<td>5.31</td>
<td>10.37%</td>
<td>$0.72</td>
<td>$2.44</td>
<td>35.27%</td>
</tr>
<tr>
<td>JD.com Inc</td>
<td>11.31</td>
<td>1.61</td>
<td>0.35</td>
<td>5.22%</td>
<td>$15.92</td>
<td>$45.04</td>
<td>5.12%</td>
</tr>
<tr>
<td>Coupang Inc</td>
<td>42.52</td>
<td>10.39</td>
<td>1.51</td>
<td>1.74%</td>
<td>$0.28</td>
<td>$2.27</td>
<td>27.2%</td>
</tr>
<tr>
<td>eBay Inc</td>
<td>15.39</td>
<td>5.40</td>
<td>3.04</td>
<td>11.59%</td>
<td>$0.95</td>
<td>$1.85</td>
<td>3.04%</td>
</tr>
<tr>
<td>Vipshop Holdings Ltd</td>
<td>6.32</td>
<td>1.31</td>
<td>0.47</td>
<td>5.1%</td>
<td>$2.32</td>
<td>$6.34</td>
<td>-3.6%</td>
</tr>
<tr>
<td>Dillard's Inc</td>
<td>11.01</td>
<td>3.46</td>
<td>1.03</td>
<td>6.37%</td>
<td>$0.15</td>
<td>$0.58</td>
<td>-4.19%</td>
</tr>
<tr>
<td>MINISO Group Holding Ltd</td>
<td>17.67</td>
<td>4.10</td>
<td>2.88</td>
<td>6.26%</td>
<td>$0.79</td>
<td>$1.77</td>
<td>24.08%</td>
</tr>
<tr>
<td>Ollie's Bargain Outlet Holdings Inc</td>
<td>27.26</td>
<td>3.45</td>
<td>2.50</td>
<td>3.14%</td>
<td>$0.08</td>
<td>$0.22</td>
<td>12.41%</td>
</tr>
<tr>
<td>Macy's Inc</td>
<td>23.29</td>
<td>0.98</td>
<td>0.18</td>
<td>3.53%</td>
<td>$0.44</td>
<td>$2.16</td>
<td>-3.48%</td>
</tr>
<tr>
<td>Nordstrom Inc</td>
<td>13.10</td>
<td>3.93</td>
<td>0.25</td>
<td>13.68%</td>
<td>$0.4</td>
<td>$1.49</td>
<td>3.23%</td>
</tr>
<tr>
<td>Kohl's Corp</td>
<td>6.67</td>
<td>0.49</td>
<td>0.11</td>
<td>1.73%</td>
<td>$0.35</td>
<td>$1.6</td>
<td>-4.18%</td>
</tr>
<tr>
<td>Savers Value Village Inc</td>
<td>18.93</td>
<td>3.22</td>
<td>0.96</td>
<td>5.09%</td>
<td>$0.07</td>
<td>$0.22</td>
<td>0.53%</td>
</tr>
<tr>
<td>Groupon Inc</td>
<td>12.87</td>
<td>8.83</td>
<td>0.66</td>
<td>34.72%</td>
<td>$0.03</td>
<td>$0.1</td>
<td>-9.48%</td>
</tr>
<tr>
<td>Average</td>
<td>20.33</td>
<td>5.18</td>
<td>1.64</td>
<td>8.45%</td>
<td>$7.63</td>
<td>$14.79</td>
<td>11.79%</td>
</tr>
</tbody>
</table>
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 </style>After a detailed analysis of Amazon.com, the following trends become apparent: 
<ul>
<li>
Notably, the current Price to Earnings ratio for this stock, 43.72, is 2.15x above the industry norm, reflecting a higher valuation relative to the industry.
</li>
<li>
It could be trading at a premium in relation to its book value, as indicated by its Price to Book ratio of 8.3 which exceeds the industry average by 1.6x.
</li>
<li>
The Price to Sales ratio of 3.52, which is 2.15x the industry average, suggests the stock could potentially be overvalued in relation to its sales performance compared to its peers.
</li>
<li>
The company has a lower Return on Equity (ROE) of 6.19%, which is 2.26% below the industry average. This indicates potential inefficiency in utilizing equity to generate profits, which could be attributed to various factors.
</li>
<li>
The company exhibits higher Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA) of $32.08 Billion, which is 4.2x above the industry average, implying stronger profitability and robust cash flow generation.
</li>
<li>
The company has higher gross profit of $31.0 Billion, which indicates 2.1x above the industry average, indicating stronger profitability and higher earnings from its core operations.
</li>
<li>
The company's revenue growth of 11.04% is significantly lower compared to the industry average of 11.79%. This indicates a potential fall in the company's sales performance.
</li>
</ul>
<h3>Debt To Equity Ratio</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1732114843_0.png" alt="debt to equity" />
The debt-to-equity (D/E) ratio is a measure that indicates the level of debt a company has taken on relative to the value of its assets net of liabilities.
Considering the debt-to-equity ratio in industry comparisons allows for a concise evaluation of a company's financial health and risk profile, aiding in informed decision-making.
In terms of the Debt-to-Equity ratio, Amazon.com stands in comparison with its top 4 peers, leading to the following comparisons:
<ul>
<li>
Amazon.com is in a relatively stronger financial position compared to its top 4 peers, as evidenced by its lower debt-to-equity ratio of 0.52.
</li>
<li>
This implies that the company relies less on debt financing and has a more favorable balance between debt and equity.
</li>
</ul>
<h3>Key Takeaways</h3>
For Amazon.com, the PE, PB, and PS ratios are all high compared to its peers in the Broadline Retail industry, indicating that the stock may be overvalued. The low ROE suggests that Amazon.com is not generating significant returns on shareholder equity. However, the high EBITDA and gross profit margins show strong operational performance. The low revenue growth rate may be a concern for Amazon.com compared to its industry peers.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Markets

Insights Into Amazon.com's Performance Versus Peers In Broadline Retail Sector

Apple Inc.&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) is preparing to urge a federal judge&nbsp;to dismiss the U.S. Department&nbsp;of Justice&#8217;s case accusing the company of unlawfully monopolizing the smartphone market.
What Happened: The case is a significant part of the ongoing antitrust battle against Big Tech companies. The hearing, scheduled for Wednesday, will be presided over by&nbsp;U.S. District Judge Julien Neals&nbsp;in Newark, New Jersey, Reuters reported on Wednesday. 
Prosecutors allege that Apple stifles competition&nbsp;by limiting interoperability between the&nbsp;iPhone and third-party apps and&nbsp;devices. Apple, in its defense, asserts that its restrictions on developers&#8217; access to its technology are reasonable and necessary for innovation.
See Also:&nbsp;<a href="https://www.benzinga.com/tech/24/11/42023396/sean-parkers-net-worth-touches-3b-from-launching-napster-to-becoming-facebook-billionaire-the-story-of-teenage-hacker-turned-entrepreneur?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Sean Parker&#8217;s Net Worth Touches $3B: From Launching Napster To Becoming Facebook Billionaire, The Story Of Teenage Hacker Turned Entrepreneur</a>
The antitrust case against Apple was initiated during Donald Trump&#8217;s first presidential term and <a href="https://www.benzinga.com/general/politics/24/04/38343376/elizabeth-warren-attacks-apple-smartphone-monopoly-green-texts-on-iphones-theyre-ruining-relatio">filed under President</a> Joe Biden&#8217;s administration. Other Big Tech firms, including Alphabet&#8216;s Google (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>), Meta Platforms (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>), and Amazon.com (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>), are also facing similar antitrust cases.
Why It Matters: The lawsuit against Apple, filed in March by the DOJ and a coalition of states, targets restrictions and fees on app developers, and technical barriers to third-party devices and services that compete with Apple&#8217;s own. The case will proceed if the judge finds the claims plausible.
Meanwhile, its $20 billion agreement with Google&#8216;s parent Alphabet (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>) to make Google Chrome the <a href="https://www.benzinga.com/24/11/42083150/googles-20b-search-deal-with-apple-faces-collapse-after-antitrust-ruling-what-it-could-means-for-both-tech-giants">default search engine</a> is also under threat after a U.S. federal judge ruled the deal as illegal monopoly.
Read Next:&nbsp;
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<li><a href="https://www.benzinga.com/24/11/41872302/taylor-swift-fans-abandon-elon-musks-x-for-bluesky-how-trumps-election-victory-triggered-swifties-uprising?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Taylor Swift Fans Abandon Elon Musk&#8217;s X For Bluesky, Says Report: How Trump&#8217;s Election Victory Triggered &nbsp;Swifties Uprising</a></li>
</ul>
Image via Apple
This story was generated using <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and edited by <a href="https://www.benzinga.com/topic/Pooja-Rajkumari" target="_blank" rel="noreferrer noopener">Pooja Rajkumari</a>

General

AAPL

GOOG

GOOGL

Apple To Argue For Dismissal Of DOJ Antitrust Case Over Alleged US Smartphone Market Domination

Perplexity AI CEO Aravind Srinivas has jumped into the Alphabet Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>) Google antitrust conversation by asking his followers on X if his AI startup should acquire the Google Chrome browser.
This comes amid the U.S. Department of Justice&#8217;s push to break up Google&#8217;s empire.
What Happened: Srinivas sparked speculation by posting &#8220;Should Perplexity buy Chrome?&#8221; on X, following reports that Chrome could be <a href="https://news.bloomberglaw.com/us-law-week/doj-will-push-google-to-sell-off-chrome-to-break-search-monopoly">valued</a> at up to $20 billion if a <a href="https://www.benzinga.com/news/legal/24/11/42053249/google-could-lose-chrome-browser-in-dojs-latest-antitrust-move">court-ordered sale materializes</a>.
The discussion comes after Judge Amit Mehta&#8216;s August ruling that Google maintains an illegal monopoly in online search. The DOJ is now seeking remedies, including the potential sale of Chrome, the world&#8217;s dominant web browser.
Subscribe to the&nbsp;<a href="https://bztechtrends.beehiiv.com/subscribe" target="_blank" rel="noreferrer noopener">Benzinga Tech Trends newsletter</a>&nbsp;to get all the latest tech developments delivered to your inbox.
Google strongly opposes the proposal. &#8220;The DOJ continues to push a radical agenda that goes far beyond the legal issues in this case,&#8221; said Google executive Lee-Anne Mulholland in a <a href="https://www.benzinga.com/news/legal/24/11/42053249/google-could-lose-chrome-browser-in-dojs-latest-antitrust-move">statement</a>.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Should Perplexity buy Chrome?
&mdash; Aravind Srinivas (@AravSrinivas) <a href="https://twitter.com/AravSrinivas/status/1859101265919439110?ref_src=twsrc%5Etfw">November 20, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
See Also: <a href="https://www.benzinga.com/general/social-media/24/11/42082700/meta-taps-former-salesforce-ai-chief-to-lead-enterprise-ai-push-amid-expanding-open-source-strategy">Meta Taps Former Salesforce AI Chief To Lead Enterprise AI Push</a>
Why It Matters: Perplexity, founded just two years ago and backed by Amazon.com Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>), has shown remarkable growth. The San Francisco-based company is reportedly in talks to raise approximately $500 million in its fourth funding round, potentially pushing its valuation to $8 billion or higher – a significant jump from its $3 billion previous valuation. The company&#8217;s annualized revenue has reached $50 million, up <a href="https://www.benzinga.com/news/24/11/41764081/jeff-bezos-backed-ai-startup-perplexity-set-to-triple-valuation-to-9b-in-fourth-funding-round-can-it">from $10 million in March</a>.
The AI-powered search engine has gained significant traction, reporting 250 million questions answered in the past month alone, compared to <a href="https://www.benzinga.com/general/entrepreneurship/24/08/40292703/perplexity-ais-revenue-usage-skyrocket-as-it-enters-into-advertising">500 million queries throughout all of last year</a>. 
However, the company faces challenges, including criticism from web publishers over content usage rights, with The New York Times issuing a cease-and-desist notice.
Check out more of Benzinga's Consumer Tech coverage by <a href="https://www.benzinga.com/topic/consumer-tech">following this link</a>.

<div><em style="color: rgb(45, 45, 45); font-family: &quot;Helvetica Neue&quot;, Helvetica, OpenSans, Arial, sans-serif; font-size: 17.6px; white-space-collapse: collapse; box-sizing: border-box; border: 0px solid rgb(229, 231, 235); --tw-border-spacing-x: 0; --tw-border-spacing-y: 0; --tw-translate-x: 0; --tw-translate-y: 0; --tw-rotate: 0; --tw-skew-x: 0; --tw-skew-y: 0; --tw-scale-x: 1; --tw-scale-y: 1; --tw-pan-x: ; --tw-pan-y: ; --tw-pinch-zoom: ; --tw-scroll-snap-strictness: proximity; --tw-gradient-from-position: ; --tw-gradient-via-position: ; --tw-gradient-to-position: ; --tw-ordinal: ; --tw-slashed-zero: ; --tw-numeric-figure: ; --tw-numeric-spacing: ; --tw-numeric-fraction: ; --tw-ring-inset: ; --tw-ring-offset-width: 0px; --tw-ring-offset-color: #fff; --tw-ring-color: rgba(59,130,246,.5); --tw-ring-offset-shadow: 0 0 #0000; --tw-ring-shadow: 0 0 #0000; --tw-shadow: 0 0 #0000; --tw-shadow-colored: 0 0 #0000; --tw-blur: ; --tw-brightness: ; --tw-contrast: ; --tw-grayscale: ; --tw-hue-rotate: ; --tw-invert: ; --tw-saturate: ; --tw-sepia: ; --tw-drop-shadow: ; --tw-backdrop-blur: ; --tw-backdrop-brightness: ; --tw-backdrop-contrast: ; --tw-backdrop-grayscale: ; --tw-backdrop-hue-rotate: ; --tw-backdrop-invert: ; --tw-backdrop-opacity: ; --tw-backdrop-saturate: ; --tw-backdrop-sepia: ; --tw-contain-size: ; --tw-contain-layout: ; --tw-contain-paint: ; --tw-contain-style: ;"></div>

Read Next: 
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<li><a href="https://www.benzinga.com/24/11/42080933/openai-ceo-sam-altman-reportedly-leading-150m-funding-for-rain-ai-a-startup-top-analyst-calls-one-of-the-legitimate-players-at-the-table-to-challenge-nvidias-ai-chip-dominance">OpenAI CEO Sam Altman Reportedly Leading $150M Funding For Rain AI: Startup Called &#8216;One Of The Legitimate Players At The Table&#8217; To Challenge Nvidia</a></li>
</ul>
Image Via Shutterstock
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.<a href="https://www.benzinga.com/apis?utm_source=benzinga.com&amp;utm_campaign=article-bottom" target="_blank" rel="noreferrer noopener"></a>

Equities

Topics

Startups

Perplexity CEO Asks If AI Startup Should Acquire Google Chrome Following DOJ's Antitrust Push Against Search Giant

<a href="https://www.nasa.gov/news-release/nasa-plans-to-assign-missions-for-two-future-artemis-cargo-landers/#:~:text=NASA%20Headquarters&amp;text=As%20part%20of%20that%20effort,infrastructure%20to%20the%20lunar%20surface" title="https://www.nasa.gov/news-release/nasa-plans-to-assign-missions-for-two-future-artemis-cargo-landers/#:~:text=NASA%20Headquarters&amp;text=As%20part%20of%20that%20effort,infrastructure%20to%20the%20lunar%20surface">https://www.nasa.gov/news-release/nasa-plans-to-assign-missions-for-two-future-artemis-cargo-landers/#:~:text=NASA%20Headquarters&amp;text=As%20part%20of%20that%20effort,infrastructure%20to%20the%20lunar%20surface</a>.

Macro Notification

LUNR

NASA To Assign Missions To SpaceX And Blue Origin For Future Artemis Cargo Landers, Aiming To Deliver Up To 33,000 Pounds Of Equipment To The Lunar Surface As Part Of Sustained Exploration Efforts

To gain an edge, this is what you need to know today.
<figure class="wp-block-image size-large is-resized"><img decoding="async" src="https://thearorareport.com/wp-content/uploads/2024/11/2024-11-19_07h56_39.png" alt="" style="width:624px" /></figure>
<h3 class="wp-block-heading">New Russian Nuclear Doctrine</h3>
Please <a href="https://thearorareport.com/chart-analysis-stock-russian-nuclear-doctrine-walmart-breakout-wmt-mc-11192024">click here</a> for an enlarged chart of Walmart Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WMT#NYSE">WMT</a>).
Note the following:
<ul>
<li>This article is about the big picture, not an individual stock.&nbsp; The chart of WMT is being used to illustrate the point.</li>
<li>The U.S. economy is 70% consumer based.&nbsp; Walmart is the largest retailer in the U.S.&nbsp; For this reason, prudent investors pay attention to Walmart's earnings.</li>
<li>The chart shows WMT stock gapped up after earnings.</li>
<li>The chart shows that WMT stock also gapped up on earnings in the prior two quarters.</li>
<li>Walmart reported earnings better than the whisper numbers.&nbsp; Stocks move based on the difference between reported numbers and whisper numbers.&nbsp; Whisper numbers are the number analysts privately share with their best clients.&nbsp; Whisper numbers are different from the numbers the same analysts publish for public consumption.</li>
<li>In The Arora Report analysis, the following are the most important points from Walmart earnings:
<ul>
<li>Higher end consumers continue to shift to Walmart.</li>
<li>E-commerce at Walmart, especially quick delivery, is growing rapidly.</li>
<li>Margins are expanding.</li>
<li>Walmart is gaining market share.</li>
</ul>
</li>
<li>In The Arora Report analysis, as good as Walmart is doing, investors need to be mindful of the very high valuation for a retailer.&nbsp; Walmart is trading at a trailing PE of 43.&nbsp; However, as Walmart's earnings are growing, forward PE is 30, which is still expensive for a retailer.</li>
<li>As full disclosure, Walmart is in The Arora Report&#8217;s ZYX Buy Core Model Portfolio from an average price of $19.25.&nbsp;</li>
<li>Prudent investors also watch earnings from home improvement retailer Lowe&#8217;s Companies Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LOW#NYSE">LOW</a>).&nbsp; Lowe's earnings are a reflection of the consumer, especially remodeling of existing homes.&nbsp; Lowe's earnings are slightly below whisper numbers. &nbsp; As full disclosure, LOW is also in The Arora Report&#8217;s ZYX Buy Core Model Portfolio and is long from an average of $81.85.</li>
<li>In the early trade, markets are responding to the new Russian doctrine.
<ul>
<li>Stocks are being sold.</li>
<li>Gold and silver are being bought.</li>
<li>Oil is being bought.</li>
<li>The dollar is being bought.</li>
<li>The yen is being bought.</li>
</ul>
</li>
<li>The new Russian doctrine brings the world closer to World War III.&nbsp; The new doctrine is in response to the U.S. allowing Ukraine to fire U.S. manufactured long range missiles on targets inside Russia.</li>
<li>Prudent investors should note the following three elements of the new Russian doctrine.
<ul>
<li>An attack on Russia by any country supported by a nuclear power will be considered a joint attack on Russia.</li>
<li>A massive aerial attack could trigger a nuclear response from Russia.&nbsp;</li>
<li>In reference to NATO, an aggression by a member of the coalition will be viewed as aggression by the entire bloc.&nbsp;&nbsp;</li>
</ul>
</li>
<li>In The Arora Report analysis, the new Russian doctrine is squarely directed at the U.S.&nbsp; The purpose appears to be to persuade Trump to stop supporting Ukraine and force Ukraine to cede territory in Eastern Ukraine to Russia.&nbsp; Further, in The Arora Report analysis, the ultimate solution is likely going to be the U.S. forcing Ukraine to give Eastern Ukraine to Russia as per Russian wishes.&nbsp; This has been a long standing Arora call.</li>
<li>For the first time ever, Ukraine has attacked a warehouse inside Russia using long range missiles manufactured by the U.S. &nbsp; The missile attack was conducted with Army Tactical Missile System (ATACMS).&nbsp; The missiles are manufactured by Lockheed Martin Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LMT#NYSE">LMT</a>), a major U.S. defense contractor.&nbsp; The targeted warehouse housed ammunition and missiles from North Korea.&nbsp; North Korea is promising 100K troops to fight for Russia in Ukraine.</li>
<li>There is no change in the protection band at this time, but we are keeping a close eye on the situation.</li>
</ul>
<h3 class="wp-block-heading">Housing</h3>
New housing is beginning to weaken.&nbsp; Here is the just released data:
<ul>
<li>Housing starts came at 1.311M vs. 1.34M consensus.</li>
<li>Building permits came at 1.416M vs. 1.441M consensus.</li>
</ul>
<h3 class="wp-block-heading">Magnificent Seven Money Flows</h3>
In the early trade, money flows are positive in NVIDIA Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>).
In the early trade, money flows are negative in Apple Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>), Amazon.com, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>), Alphabet Inc Class C (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>), Meta Platforms Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>), Microsoft Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>), and Tesla Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>).
In the early trade, money flows are negative in SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) and Invesco QQQ Trust Series 1 (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>).
<h3 class="wp-block-heading">Momo Crowd And Smart Money In Stocks</h3>
Investors can gain an edge by knowing money flows in SPY and QQQ.  Investors can get a bigger edge by knowing when smart money is buying stocks, gold, and oil.  The most popular ETF for gold is SPDR Gold Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GLD#NYSE">GLD</a>).  The most popular ETF for silver is iShares Silver Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SLV#NYSE">SLV</a>).  The most popular ETF for oil is United States Oil ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/USO#NYSE">USO</a>).
<h3 class="wp-block-heading">Bitcoin</h3>
Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) is range bound.
<h3 class="wp-block-heading">Protection Band And What To Do Now</h3>
It is important for investors to look ahead and not in the rearview mirror.&nbsp; The proprietary protection band from The Arora Report is very popular.&nbsp; The protection band puts all of the data, all of the indicators, all of the news, all of the crosscurrents, all of the models, and all of the analysis in an analytical framework that is easily actionable by investors.
Consider continuing to hold good, very long term, existing positions. Based on individual risk preference, consider a protection band consisting of cash or Treasury bills or short-term tactical trades as well as short to medium term hedges and short term hedges. This is a good way to protect yourself and participate in the upside at the same time.
You can determine your protection bands by adding cash to hedges.&nbsp; The high band of the protection is appropriate for those who are older or conservative. The low band of the protection is appropriate for those who are younger or aggressive.&nbsp; If you do not hedge, the total cash level should be more than stated above but significantly less than cash plus hedges.
A protection band of 0% would be very bullish and would indicate full investment with 0% in cash.&nbsp; A protection band of 100% would be very bearish and would indicate a need for aggressive protection with cash and hedges or aggressive short selling.
It is worth reminding that you cannot take advantage of new upcoming opportunities if you are not holding enough cash.&nbsp; When adjusting hedge levels, consider adjusting partial stop quantities for stock positions (non ETF); consider using wider stops on remaining quantities and also allowing more room for high beta stocks.&nbsp; High beta stocks are the ones that move more than the market.
<h3 class="wp-block-heading">Traditional 60/40 Portfolio</h3>
Probability based risk reward adjusted for inflation does not favor long duration strategic bond allocation at this time.
Those who want to stick to traditional 60% allocation to stocks and 40% to bonds may consider focusing on only high quality bonds and bonds of five year duration or less.&nbsp; Those willing to bring sophistication to their investing may consider using bond ETFs as tactical positions and not strategic positions at this time.
The Arora Report is known for its accurate calls. The Arora Report correctly called the big artificial intelligence rally before anyone else, the new bull market of 2023, the bear market of 2022, new stock market highs right after the virus low in 2020, the virus drop in 2020, the DJIA rally to 30,000 when it was trading at 16,000, the start of a mega bull market in 2009, and the financial crash of 2008. Please click here to sign up for a free forever <a href="https://thearorareport.com/generate-wealth-newsletter-benzinga">Generate Wealth Newsletter</a>.

Market Summary

$BTC

MSFT

NVDA

Not World War III But New Russian Nuclear Doctrine Brings Selling In Stocks, Walmart Breaks Out

Wall Street analysts are painting optimistic pictures for the U.S. stock market heading into 2025, with the S&amp;P 500 index — as tracked by the SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) — expected to climb to 6,500 points by year's end, according to both Goldman <a href="https://www.benzinga.com/topic/expert-ideas">Sachs and Morgan Stanley. </a>
That projection represents an 11% gain from current levels and places the return in the 46th percentile of 12-month S&amp;P 500 returns since 1980. 
Yet, while both firms share optimism about the market's trajectory, their outlooks show notable differences in the rationale behind the call.
<h1 class="wp-block-heading">Goldman Sachs: Growth Hinges On Resilient Economy</h1>
In a note shared to clients on Monday, Goldman Sachs equity analyst David J. Kostin said the bullish forecast hinges on continued economic expansion and a robust corporate earnings outlook. 
The analyst expects &#8220;continued U.S. economic expansion, earnings growth of 11% in 2025 and 7% in 2026."
Economic and fiscal policies are likely to have a significant impact on corporate performance. Kostin's team assumes that the Trump administration will implement targeted tariffs on imported automobiles and select imports from China, alongside a 15% corporate tax rate for domestic manufacturers.
<h1 class="wp-block-heading">Morgan Stanley: Multiple Scenarios, But 6,500 Base Case</h1>
Michael Wilson, chief investment officer and strategist at Morgan Stanley, echoed Goldman Sachs' optimism. 
"We raise our base case 12-month price target to 6,500," Wilson said in his latest research note, adding that a post-election rise in "corporate animal spirits" could catalyze balanced earnings growth across sectors.
In the base case, Morgan Stanley expects the S&amp;P 500's valuation multiple to hold steady despite its historically elevated level. "It's rare to see significant multiple compression in periods of above-average earnings growth and accommodative monetary policy," Wilson explained.
Wilson also laid out a wider range of scenarios for 2025, reflecting potential economic and policy volatility. 
His bull case sees the S&amp;P 500 reaching 7,400, while his bear case forecasts a steep drop to 4,600. 
&#8220;Our prior bull case narrative has been playing out as macro data has improved alongside accommodative policy,&#8221; Wilson wrote.
<h1 class="wp-block-heading">Election Impacts: Lighter Regulation and Fiscal Shifts</h1>
Both analysts noted the recent U.S. presidential election could have profound market implications.
Kostin's team anticipates regulatory rollbacks and a business-friendly tax environment, while Wilson highlighted the potential creation of a new Department of Government Efficiency (DOGE) as a key wildcard.
The proposed DOGE could shift fiscal policy by consolidating deficits and cutting federal spending. "In short, we are potentially going through another sea change in policy outcomes that could have both short- and longer-term implications for markets," Wilson wrote.
<h1 class="wp-block-heading">Magnificent 7: Still Leading, But Margins Are Narrowing</h1>
The "Magnificent 7" tech giants — Microsoft Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NYSE">MSFT</a>), Apple Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>), NVIDIA Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>), Alphabet Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>), Amazon.com Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>), Meta Platforms Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>) and Tesla, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) — have dominated the market narrative for the past two years, delivering a jaw-dropping 148% return since the end of 2022. For context, the other 493 stocks in the S&amp;P 500 gained just 35% in the same period.
"The seven companies in aggregate accounted for more than half of the S&amp;P 500's 57% rise over the past two years," Kostin said. However, their dominance has begun to wane.
In 2023, the Magnificent 7 outperformed the rest of the index by 63 percentage points. In 2024, that gap has narrowed to just 22 points, with the Magnificent 7 rising 41% year-to-date versus an 18% gain for the remaining stocks.
For 2025, Kostin predicts that the Magnificent 7 will continue to outperform, but the margin will shrink even further. 
"We expect in 2025 the Magnificent 7 stocks collectively will outperform the S&amp;P 493, but by roughly seven percentage points, the slimmest margin in seven years," he said.
<h1 class="wp-block-heading">Beyond Big Tech: Mid-Caps And Cyclical Opportunities</h1>
Both Kostin and Wilson are urging investors to look beyond the Magnificent 7 and explore mid-cap and cyclical opportunities. 
"We recommend investors benchmark the Magnificent 7 and seek opportunities in mid-cap equities," Kostin said, pointing to the S&amp;P 400 MidCap Index, which trades at a lower 16x forward P/E multiple and has historically outperformed large- and small-cap stocks.
Sector-wise Kostin is also particularly bullish on Materials, Software &amp; Services, and Utilities.
Wilson also highlighted cyclicals, noting that lighter regulation and renewed optimism post-election could drive growth in this group. "In our view, the outcome of the U.S. election raises the likelihood of a lighter regulatory environment and a potential rebound in animal spirits, which should further benefit this group," Wilson said.
<h1 class="wp-block-heading">M&amp;A Surge Ahead?</h1>
Both analysts also highlighted the potential for a revival in merger and acquisition activity in 2025. 
"CEO confidence is a key variable affecting executives' inclination to engage in M&amp;A activity," Kosting said. Federal regulators' antitrust policies over the past four years have created headwinds for dealmaking, but an expected reduction in regulatory uncertainty could reignite activity.
&#8220;We continue to expect a major, multiyear rebound in activity, aided by record-high stock market levels, an economic soft landing, lower interest rates, open capital markets, greater corporate confidence, and growing pressure on private asset managers to both deploy funds and harvest investments,&#8221; Wilson said. 
Read Now:
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<li><a href="https://www.benzinga.com/markets/24/11/42051894/why-nvidia-earnings-may-trigger-massive-s-p-500-volatility">Why Nvidia Earnings May Trigger Massive S&amp;P 500 Volatility</a></li>
</ul>
Photo: Shutterstock

Macro Economic Events

Mid Cap

Broad U.S. Equity ETFs

Price Target

Econ #s

Economics

ETFs

S&P 500 To Reach 6,500 By End Of 2025, Analysts Predict: Could It Spark M&A Revival?

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.
Traders often look for circumstances when the market estimation of an option diverges away from its normal worth. Abnormal amounts of trading activity could push option prices to hyperbolic or underperforming levels. 
Here's the list of options activity happening in today's session: 
<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>TSLA</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>11/22/24</td>
<td>$345.00</td>
<td>$28.3K</td>
<td>8.9K</td>
<td>39.2K</td>
</tr>
<tr>
<td>AMZN</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>11/22/24</td>
<td>$205.00</td>
<td>$39.6K</td>
<td>14.8K</td>
<td>38.4K</td>
</tr>
<tr>
<td>NIO</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>01/17/25</td>
<td>$6.00</td>
<td>$118.0K</td>
<td>65.9K</td>
<td>10.6K</td>
</tr>
<tr>
<td>GM</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>11/22/24</td>
<td>$55.00</td>
<td>$28.8K</td>
<td>937</td>
<td>2.2K</td>
</tr>
<tr>
<td>EBAY</td>
<td>PUT</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>01/16/26</td>
<td>$62.50</td>
<td>$630.0K</td>
<td>97</td>
<td>901</td>
</tr>
<tr>
<td>SBUX</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>06/20/25</td>
<td>$125.00</td>
<td>$44.7K</td>
<td>2.6K</td>
<td>251</td>
</tr>
<tr>
<td>GME</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>01/16/26</td>
<td>$125.00</td>
<td>$29.9K</td>
<td>2.4K</td>
<td>170</td>
</tr>
<tr>
<td>AAP</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>03/21/25</td>
<td>$40.00</td>
<td>$29.4K</td>
<td>1.1K</td>
<td>158</td>
</tr>
<tr>
<td>PTON</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>01/15/27</td>
<td>$10.00</td>
<td>$31.2K</td>
<td>360</td>
<td>102</td>
</tr>
<tr>
<td>HD</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>01/17/25</td>
<td>$410.00</td>
<td>$27.4K</td>
<td>1.3K</td>
<td>88</td>
</tr>
</tbody>
</table>

<h2>Explanation</h2>
These bullet-by-bullet explanations have been constructed using the accompanying table. 
• For TSLA (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>), we notice a call option trade that happens to be bullish, expiring in 3 day(s) on November 22, 2024. This event was a transfer of 30 contract(s) at a $345.00 strike. The total cost received by the writing party (or parties) was $28.3K, with a price of $945.0 per contract. There were 8930 open contracts at this strike prior to today, and today 39283 contract(s) were bought and sold. 
• For AMZN (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>), we notice a call option sweep that happens to be bearish, expiring in 3 day(s) on November 22, 2024. This event was a transfer of 200 contract(s) at a $205.00 strike. This particular call needed to be split into 10 different trades to become filled. The total cost received by the writing party (or parties) was $39.6K, with a price of $198.0 per contract. There were 14833 open contracts at this strike prior to today, and today 38469 contract(s) were bought and sold. 
• For NIO (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NIO#NYSE">NIO</a>), we notice a call option sweep that happens to be bullish, expiring in 59 day(s) on January 17, 2025. This event was a transfer of 5000 contract(s) at a $6.00 strike. This particular call needed to be split into 29 different trades to become filled. The total cost received by the writing party (or parties) was $118.0K, with a price of $24.0 per contract. There were 65971 open contracts at this strike prior to today, and today 10629 contract(s) were bought and sold. 
• Regarding GM (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GM#NYSE">GM</a>), we observe a put option sweep with bullish sentiment. It expires in 3 day(s) on November 22, 2024. Parties traded 545 contract(s) at a $55.00 strike. This particular put needed to be split into 4 different trades to become filled. The total cost received by the writing party (or parties) was $28.8K, with a price of $53.0 per contract. There were 937 open contracts at this strike prior to today, and today 2276 contract(s) were bought and sold. 
• Regarding EBAY (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EBAY#NASDAQ">EBAY</a>), we observe a put option trade with bullish sentiment. It expires in 423 day(s) on January 16, 2026. Parties traded 900 contract(s) at a $62.50 strike. The total cost received by the writing party (or parties) was $630.0K, with a price of $700.0 per contract. There were 97 open contracts at this strike prior to today, and today 901 contract(s) were bought and sold. 
• Regarding SBUX (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SBUX#NASDAQ">SBUX</a>), we observe a call option sweep with bearish sentiment. It expires in 213 day(s) on June 20, 2025. Parties traded 250 contract(s) at a $125.00 strike. This particular call needed to be split into 27 different trades to become filled. The total cost received by the writing party (or parties) was $44.7K, with a price of $179.0 per contract. There were 2610 open contracts at this strike prior to today, and today 251 contract(s) were bought and sold. 
• Regarding GME (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GME#NYSE">GME</a>), we observe a put option trade with bearish sentiment. It expires in 423 day(s) on January 16, 2026. Parties traded 3 contract(s) at a $125.00 strike. The total cost received by the writing party (or parties) was $29.9K, with a price of $9985.0 per contract. There were 2403 open contracts at this strike prior to today, and today 170 contract(s) were bought and sold. 
• Regarding AAP (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AAP#NYSE">AAP</a>), we observe a call option sweep with bearish sentiment. It expires in 122 day(s) on March 21, 2025. Parties traded 54 contract(s) at a $40.00 strike. This particular call needed to be split into 4 different trades to become filled. The total cost received by the writing party (or parties) was $29.4K, with a price of $545.0 per contract. There were 1187 open contracts at this strike prior to today, and today 158 contract(s) were bought and sold. 
• For PTON (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PTON#NASDAQ">PTON</a>), we notice a call option trade that happens to be bullish, expiring in 787 day(s) on January 15, 2027. This event was a transfer of 100 contract(s) at a $10.00 strike. The total cost received by the writing party (or parties) was $31.2K, with a price of $312.0 per contract. There were 360 open contracts at this strike prior to today, and today 102 contract(s) were bought and sold. 
• Regarding HD (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HD#NYSE">HD</a>), we observe a call option sweep with bullish sentiment. It expires in 59 day(s) on January 17, 2025. Parties traded 21 contract(s) at a $410.00 strike. This particular call needed to be split into 6 different trades to become filled. The total cost received by the writing party (or parties) was $27.4K, with a price of $1305.0 per contract. There were 1332 open contracts at this strike prior to today, and today 88 contract(s) were bought and sold. 
Options Alert Terminology 
 - Call Contracts: The right to buy shares as indicated in the contract. 
 - Put Contracts: The right to sell shares as indicated in the contract. 
 - Expiration Date: When the contract expires. One must act on the contract by this date if one wants to use it. 
 - Premium/Option Price: The price of the contract. 
For more information, visit our <a href="https://pro.benzinga.com/blog/how-to-understand-option-alerts/">Guide to Understanding Options Alerts</a> or read <a href="https://www.benzinga.com/markets/options">more news on unusual options activity</a>. 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

EBAY

PTON

SBUX

<a href="https://www.aboutamazon.com/news/entertainment/audible-amazon-music-unlimited-subscription">https://www.aboutamazon.com/news/entertainment/audible-amazon-music-unlimited-subscription</a>
Unlimited subscribers in the U.S., UK, and Canada can enjoy one book a month, including a selection of over a million audiobooks in the U.S., plus 100 million HD songs and top podcasts.
<a href="https://www.aboutamazon.com/news/entertainment/amazon-music-price">Amazon Music Unlimited</a> subscribers in the U.S., UK, and Canada can now listen to one audiobook a month from <a href="https://www.audible.com/">Audible's</a> unparalleled library of premium audio storytelling content, including a U.S. catalog of more than 1 million of the most popular and enduring audiobooks in the world. The addition of the Audible catalog makes Amazon Music Unlimited the premier destination for audio entertainment—now with access to more than 100 million songs in HD audio, the most top podcasts ad-free, and the largest catalog of audiobooks—including music and audiobooks in spatial audio.
Starting today, Amazon Music Unlimited individual plan subscribers, and primary account holders to the family plan, can listen to one audiobook at a time—of any length—per month with their subscription. Customers can stream at their convenience and can continue listening to their monthly title after the next billing cycle begins, or select a new one. While <a href="https://www.aboutamazon.com/news/entertainment/how-to-listen-to-amazon-music">Amazon Music</a> offers access to one Audible title per month, customers who want more beyond their monthly listen can subscribe to an Audible membership or purchase titles a la carte directly from the Audible app.
&nbsp;

Amazon Music To Include Audible's Unmatched Selection Of Audiobooks

In today's rapidly evolving and fiercely competitive business landscape, it is crucial for investors and industry analysts to conduct comprehensive company evaluations. In this article, we will undertake an in-depth industry comparison, assessing Amazon.com (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>) alongside its primary competitors in the Broadline Retail industry. By meticulously examining crucial financial indicators, market positioning, and growth potential, we aim to provide valuable insights to investors and shed light on company's performance within the industry.
<h3>Amazon.com Background</h3>
Amazon is the leading online retailer and marketplace for third party sellers. Retail related revenue represents approximately 75% of total, followed by Amazon Web Services' cloud computing, storage, database, and other offerings (15%), advertising services (5% to 10%), and other the remainder. International segments constitute 25% to 30% of Amazon's non-AWS sales, led by Germany, the United Kingdom, and Japan.
<table>
<thead>
<tr>
<th>Company</th>
<th>P/E</th>
<th>P/B</th>
<th>P/S</th>
<th>ROE</th>
<th>EBITDA (in billions)</th>
<th>Gross Profit (in billions)</th>
<th>Revenue Growth</th>
</tr>
</thead>
<tbody>
<tr>
<td>Amazon.com Inc</td>
<td>43.10</td>
<td>8.18</td>
<td>3.47</td>
<td>6.19%</td>
<td>$32.08</td>
<td>$31.0</td>
<td>11.04%</td>
</tr>
<tr>
<td>Alibaba Group Holding Ltd</td>
<td>18.36</td>
<td>1.62</td>
<td>1.66</td>
<td>4.64%</td>
<td>$54.02</td>
<td>$92.47</td>
<td>5.21%</td>
</tr>
<tr>
<td>PDD Holdings Inc</td>
<td>12.63</td>
<td>4.64</td>
<td>3.65</td>
<td>13.54%</td>
<td>$37.97</td>
<td>$63.36</td>
<td>85.65%</td>
</tr>
<tr>
<td>MercadoLibre Inc</td>
<td>67.97</td>
<td>24.27</td>
<td>5.31</td>
<td>10.37%</td>
<td>$0.72</td>
<td>$2.44</td>
<td>35.27%</td>
</tr>
<tr>
<td>JD.com Inc</td>
<td>11.35</td>
<td>1.62</td>
<td>0.36</td>
<td>5.71%</td>
<td>$16.3</td>
<td>$45.94</td>
<td>1.2%</td>
</tr>
<tr>
<td>Coupang Inc</td>
<td>42.82</td>
<td>10.46</td>
<td>1.52</td>
<td>1.74%</td>
<td>$0.28</td>
<td>$2.27</td>
<td>27.2%</td>
</tr>
<tr>
<td>eBay Inc</td>
<td>15.47</td>
<td>5.43</td>
<td>3.05</td>
<td>11.59%</td>
<td>$0.95</td>
<td>$1.85</td>
<td>3.04%</td>
</tr>
<tr>
<td>Vipshop Holdings Ltd</td>
<td>6.61</td>
<td>1.40</td>
<td>0.50</td>
<td>5.1%</td>
<td>$2.32</td>
<td>$6.34</td>
<td>-3.6%</td>
</tr>
<tr>
<td>Dillard's Inc</td>
<td>11.13</td>
<td>3.50</td>
<td>1.04</td>
<td>3.9%</td>
<td>$0.15</td>
<td>$0.58</td>
<td>-5.18%</td>
</tr>
<tr>
<td>Ollie's Bargain Outlet Holdings Inc</td>
<td>27.51</td>
<td>3.48</td>
<td>2.52</td>
<td>3.14%</td>
<td>$0.08</td>
<td>$0.22</td>
<td>12.41%</td>
</tr>
<tr>
<td>MINISO Group Holding Ltd</td>
<td>17.78</td>
<td>4.13</td>
<td>2.90</td>
<td>6.26%</td>
<td>$0.79</td>
<td>$1.77</td>
<td>24.08%</td>
</tr>
<tr>
<td>Macy's Inc</td>
<td>23.48</td>
<td>0.98</td>
<td>0.18</td>
<td>3.53%</td>
<td>$0.44</td>
<td>$2.16</td>
<td>-3.48%</td>
</tr>
<tr>
<td>Nordstrom Inc</td>
<td>12.89</td>
<td>3.86</td>
<td>0.25</td>
<td>13.68%</td>
<td>$0.4</td>
<td>$1.49</td>
<td>3.23%</td>
</tr>
<tr>
<td>Kohl's Corp</td>
<td>6.82</td>
<td>0.51</td>
<td>0.11</td>
<td>1.73%</td>
<td>$0.35</td>
<td>$1.6</td>
<td>-4.18%</td>
</tr>
<tr>
<td>Savers Value Village Inc</td>
<td>19.72</td>
<td>3.35</td>
<td>1</td>
<td>5.09%</td>
<td>$0.07</td>
<td>$0.22</td>
<td>0.53%</td>
</tr>
<tr>
<td>Groupon Inc</td>
<td>12.64</td>
<td>8.67</td>
<td>0.65</td>
<td>34.72%</td>
<td>$0.03</td>
<td>$0.1</td>
<td>-9.48%</td>
</tr>
<tr>
<td>Average</td>
<td>20.48</td>
<td>5.19</td>
<td>1.65</td>
<td>8.32%</td>
<td>$7.66</td>
<td>$14.85</td>
<td>11.46%</td>
</tr>
</tbody>
</table>
<style>
 table {
 width: 100%;
 border-collapse: collapse;
 font-family: Arial, sans-serif;
 font-size: 14px;
 }

 th, td {
 padding: 8px;
 text-align: left;
 }

 th {
 background-color: #293a5a;
 color: #fff;
 text-align: left;
 }

 tr:nth-child(even) {
 background-color: #f2f4f8;
 }

 tr:hover {
 background-color: #e1e4ea;
 }

 td:nth-child(3), td:nth-child(5) {
 text-align: left;
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 font-weight: bold;
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 .dividend-frequency {
 font-size: 12px;
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 }
 </style>After examining Amazon.com, the following trends can be inferred: 
<ul>
<li>
The current Price to Earnings ratio of 43.1 is 2.1x higher than the industry average, indicating the stock is priced at a premium level according to the market sentiment.
</li>
<li>
It could be trading at a premium in relation to its book value, as indicated by its Price to Book ratio of 8.18 which exceeds the industry average by 1.58x.
</li>
<li>
The Price to Sales ratio of 3.47, which is 2.1x the industry average, suggests the stock could potentially be overvalued in relation to its sales performance compared to its peers.
</li>
<li>
The company has a lower Return on Equity (ROE) of 6.19%, which is 2.13% below the industry average. This indicates potential inefficiency in utilizing equity to generate profits, which could be attributed to various factors.
</li>
<li>
The company exhibits higher Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA) of $32.08 Billion, which is 4.19x above the industry average, implying stronger profitability and robust cash flow generation.
</li>
<li>
Compared to its industry, the company has higher gross profit of $31.0 Billion, which indicates 2.09x above the industry average, indicating stronger profitability and higher earnings from its core operations.
</li>
<li>
The company's revenue growth of 11.04% is significantly below the industry average of 11.46%. This suggests a potential struggle in generating increased sales volume.
</li>
</ul>
<h3>Debt To Equity Ratio</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1732028515_0.png" alt="debt to equity" />
The debt-to-equity (D/E) ratio is a key indicator of a company's financial health and its reliance on debt financing.
Considering the debt-to-equity ratio in industry comparisons allows for a concise evaluation of a company's financial health and risk profile, aiding in informed decision-making.
When assessing Amazon.com against its top 4 peers using the Debt-to-Equity ratio, the following comparisons can be made:
<ul>
<li>
In terms of the debt-to-equity ratio, Amazon.com has a lower level of debt compared to its top 4 peers, indicating a stronger financial position.
</li>
<li>
This implies that the company relies less on debt financing and has a more favorable balance between debt and equity with a lower debt-to-equity ratio of 0.52.
</li>
</ul>
<h3>Key Takeaways</h3>
For Amazon.com, the PE, PB, and PS ratios are all high compared to its peers in the Broadline Retail industry, indicating that the stock may be overvalued. The low ROE suggests that Amazon.com is not generating significant returns on shareholder equity. However, the high EBITDA and gross profit margins show strong operational performance. The low revenue growth rate may be a concern for Amazon.com compared to its industry peers.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Competitor Analysis: Evaluating Amazon.com And Competitors In Broadline Retail Industry

The development of a new artificial intelligence-based version of Amazon.com Inc&#8216;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>) voice assistant Alexa is reportedly facing significant challenges, according to internal memos.
What Happened: The new AI Alexa is experiencing latency problems, which could lead to customer dissatisfaction, Fortune obtained and <a href="https://fortune.com/2024/11/18/new-ai-alexa-latency-problems-echo-compatibility-uber-opentable/?ref=biztoc.com">reported</a> the memo The delay between a user&#8217;s request and the AI&#8217;s response is a critical issue that needs to be resolved before the product&#8217;s launch.
These latency issues are just one of several concerns raised by Amazon employees in internal communications over the past few months. These challenges highlight the obstacles Amazon must overcome to release the updated Alexa, a product crucial to the company&#8217;s future.
The updated Alexa is a key indicator of Amazon&#8217;s position in the race among Big Tech companies to dominate consumer-facing AI. Currently, Amazon is considered to be trailing behind its peers like Google parent Alphabet Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>)(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>) and Microsoft Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>), as well as newcomers like OpenAI and Perplexity AI.
See Also: <a href="https://www.benzinga.com/24/11/42022585/michael-van-de-poppe-says-bitcoin-ethereum-and-altcoins-close-to-the-point-where-investors-can-buy-the-dip?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Michael Van De Poppe Says Bitcoin, Ethereum, And Altcoins Close To The Point Where Investors Can &#8216;Buy The Dip&#8217;</a>
Despite these challenges, Amazon remains committed to its vision for Alexa. The company is working to enable more proactive and capable assistance on the over half a billion Alexa-enabled devices already in homes around the world.
Amazon did not immediately respond to&nbsp;<a href="http://pro.benzinga.com/" target="_blank" rel="noreferrer noopener">Benzinga</a>'s request for comment.
Why It Matters: The development of the new AI Alexa is a part of Amazon&#8217;s broader push into the AI space. The company has been making significant investments in AI, including the <a href="https://www.benzinga.com/tech/24/11/41895759/amazon-set-to-introduce-new-ai-chips-in-december-to-rival-jensen-huangs-ai-stalwart-we-want-to-be-absolutely-the-best-place-to-run-nvidia">development of custom AI chip</a>s to reduce its reliance on Nvidia.
Amazon is also reportedly considering a <a href="https://www.benzinga.com/news/24/11/41832230/after-openai-and-perplexity-ai-startup-anthropic-may-secure-another-massive-investment-amazon-report">second multi-billion-dollar investment</a> in the AI startup Anthropic, which leverages its cloud services for training.
These investments are part of Amazon&#8217;s broader AI strategy, which includes the launch of a <a href="https://www.benzinga.com/news/24/09/40960339/amazons-ai-effort-takes-aim-at-a-household-name-with-new-video-technology">new video-generation tool</a> powered by AI, and the introduction of a generative <a href="https://www.benzinga.com/news/large-cap/24/09/40942266/amazon-launches-ai-assistant-codenamed-project-amelia">AI-powered personal assistant</a> codenamed &#8216;Project Amelia.&#8217;
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/trading-ideas/movers/24/11/42053406/bitcoin-ethereum-dogecoin-rise-amid-tesla-fueled-tech-stocks-rally-popular-analyst-says-btc-could-reach-138k-before-major-pullback?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Bitcoin, Ethereum, Dogecoin Rise Amid Tesla-Fueled Tech Stocks Rally: Popular Analyst Says BTC Could Reach $138K Before &#8216;Major Pullback&#8217;</a></li>
</ul>
Image Via Shutterstock
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Amazon's AI-Powered Alexa Upgrade Faces Latency, Compatibility Concerns: Report

Amazon.com Inc.&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>) and&nbsp;Elon Musk&#8217;s SpaceX&nbsp;may encounter obstacles in their attempts&nbsp;to block the National Labor Relations&nbsp;Board or NLRB cases.
What Happened: On Monday, a panel of U.S. judges suggested that both companies might have prematurely brought their challenges to the NLRB&#8217;s structure to&nbsp;the 5th U.S. Circuit Court&nbsp;of Appeals, reported Reuters.
The panel&nbsp;questioned whether Amazon and SpaceX&nbsp;should have allowed more time for Texas judges&nbsp;to rule before filing appeals.
The legal challenges, if successful, could potentially weaken the NLRB&#8217;s powers. Even if they fail, some have already managed to indefinitely delay NLRB cases.
See Also:&nbsp;<a href="https://www.benzinga.com/24/11/42026410/nvidia-apple-suppliers-prepare-for-policy-shifts-japans-ai-leap-and-amds-workforce-cut-this-week-in-ai?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Nvidia, Apple Suppliers Prepare For Policy Shifts, Japan&#8217;s AI Leap, And AMD&#8217;s Workforce Cut: This Week In AI</a>
Amazon and SpaceX are separately trying to block NLRB&nbsp;cases accusing them of illegal&nbsp;labor practices.
Amazon is fighting a case related to its first-ever union at a warehouse in New York City. SpaceX is facing accusations of firing engineers who criticized Musk — a claim the company denies.
Amazon and SpaceX argue that&nbsp;federal judges in Texas &#8220;effectively&nbsp;denied&#8221; their petitions to block&nbsp;NLRB cases&nbsp;by not ruling on them&nbsp;promptly. However, the judges in both cases&nbsp;ruled that the lawsuits did&nbsp;not belong in Texas.
Subscribe to the&nbsp;<a href="https://bztechtrends.beehiiv.com/subscribe" target="_blank" rel="noreferrer noopener">Benzinga Tech Trends newsletter</a>&nbsp;to get all the latest tech developments delivered to your inbox.
Why It Matters: This development follows a series of legal disputes involving the NLRB and major corporations.
Other companies, <a href="https://www.benzinga.com/markets/equities/24/08/40570061/chipotle-accused-by-labor-watchdog-of-unlawfully-withholding-pay-raises-from-unionized-workers">including</a>&nbsp;Chipotle Mexican Grill&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CMG#NYSE">CMG</a>),&nbsp;Stellantis&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/STLA#NYSE">STLA</a>), and&nbsp;Apple Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>), have <a href="https://www.benzinga.com/markets/equities/24/10/41136199/apple-accused-of-violating-federal-law-over-alleged-illegal-employee-agreements-nlrb-hearing-set">also faced NLRB</a> complaints for <a href="https://www.benzinga.com/news/24/09/40894503/uaw-files-nlrb-complaint-against-stellantis-over-alleged-contract-violations-says-it-intends-to-make">alleged labor violations</a>.
Earlier this year,&nbsp;Amazon argued that the <a href="https://www.benzinga.com/news/24/02/37191759/jeff-bezos-amazon-joins-spacex-and-trader-joes-in-slamming-nlrb-amid-labor-union-dispute">NLRB was unconstitutional</a>&nbsp;in response to a case accusing the company of unlawfully retaliating against workers who voted to unionize.
In October, the&nbsp;<a href="https://www.benzinga.com/government/24/10/41171072/amazon-accused-of-union-busting-after-drivers-unionize-nlrb-files-complaint">NLRB charged Amazon</a>&nbsp;for failing to acknowledge and bargain with the Teamsters Union.
In SpaceX&#8217;s case, NLRB alleged that the company violated federal labor laws by firing employees who, in June 2022, circulated a letter criticizing Musk's controversial tweets and calling him a &#8220;<a href="https://www.benzinga.com/news/24/01/36484393/spacex-wrongfully-fired-employees-who-called-elon-musk-distraction-and-embarrassment-us-labor-agency">distraction and embarrassment</a>.&#8221;
Price Action: Amazon shares closed Monday's session down 0.45% at $201.70. In after-hours trading, the stock gained slightly, reaching $201.89 at the time of writing, according to <a href="https://pro.benzinga.com/dashboard" target="_blank" rel="noreferrer noopener">Benzinga Pro</a>.
Photo Courtesy: T. Schneider On Shutterstock.com
Check out more of Benzinga&#8217;s Consumer Tech coverage by&nbsp;<a href="https://www.benzinga.com/topic/consumer-tech" target="_blank" rel="noreferrer noopener">following this link</a>.
Read Next:
<ul>
<li><a href="https://www.benzinga.com/24/11/41872302/taylor-swift-fans-abandon-elon-musks-x-for-bluesky-how-trumps-election-victory-triggered-swifties-uprising?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Taylor Swift Fans Abandon Elon Musk&#8217;s X For Bluesky, Says Report: How Trump&#8217;s Election Victory Triggered Swifties Uprising</a></li>
</ul>
Disclaimer: This content was partially produced with the help of&nbsp;<a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noreferrer noopener">Benzinga Neuro</a>&nbsp;and was reviewed and published by Benzinga editors.

Politics

Media

STLA

Amazon And SpaceX's Efforts To Block NLRB Cases In Jeopardy As Appeals Court Raises Key Legal Concerns

President-elect Donald Trump on Saturday picked Brendan Carr to become chairman of the <a href="https://www.benzinga.com/24/11/42029445/trump-names-pro-starlink-fcc-commissioner-brendan-carr-as-chairperson">Federal Communications Commission (FCC)</a>.
What To Know: Carr, the FCC's current top Republican commissioner, has worked at the organization since 2012 and is an outspoken supporter of free speech, deregulation and economic growth in the telecommunications sector. Carr wrote the FCC chapter of <a href="https://static.project2025.org/2025_MandateForLeadership_CHAPTER-28.pdf">Project 2025</a>, a conservative political initiative spearheaded by the Heritage Foundation.&nbsp;
Project 2025: In his chapter in Project 2025, Carr expressed his support for updating and eliminating obsolete regulations to empower the private sector in developing network infrastructure. He showed particular interest in promoting technologies like Elon Musk&#8217;s Starlink and Amazon.com, Inc.'s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>) Kuiper satellite internet services.&nbsp;
Read More: <a href="https://www.benzinga.com/etfs/24/11/42044642/trump-appears-frustrated-as-elon-musk-chimes-in-on-treasury-secretary-adds-more-names-to-a-list-of-potential-picks">Trump Appears &#8216;Frustrated&#8217; As Elon Musk Chimes In On Treasury Secretary, Adds More Names To Short List&nbsp;</a>
"This technology can beam a reliable, high-speed Internet signal to nearly any part of the globe at a fraction of the cost of other technologies. This has the potential to significantly accelerate efforts to end the digital divide and disrupt the federal regulatory and subsidy regime that applies to communications networks. The FCC should expedite its work to support this new technology by acting more quickly in its review and approval of applications to launch new satellites," Carr wrote in Project 2025.&nbsp;
Over the past year, Carr disagreed with Democratic FCC commissioners for <a href="https://www.benzinga.com/news/24/09/40672229/starlink-ineligible-for-nearly-900m-in-subsidies-says-fcc-spacex-ceo-elon-musk-says-it-is-flat-out-l">denying Starlink money</a> from a rural broadband subsidy program, including in this post on the social media platform, X:&nbsp;
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true"><a href="https://t.co/bYTx3nBpft">pic.twitter.com/bYTx3nBpft</a>
&mdash; Brendan Carr (@BrendanCarrFCC) <a href="https://twitter.com/BrendanCarrFCC/status/1851691626743370042?ref_src=twsrc%5Etfw">October 30, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Carr also called out Vice President Kamala Harris for little progress on a $42 billion program to expand broadband access, for which the U.S. Department of Commerce determined Starlink had only limited eligibility.&nbsp;
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">In 2021, <a href="https://twitter.com/VP?ref_src=twsrc%5Etfw">@VP</a> Kamala Harris agreed to lead the Administration's $42 billion program to expand Internet service to millions of Americans. After 1&#xFE0F;&#x20E3;,0&#xFE0F;&#x20E3;7&#xFE0F;&#x20E3;9&#xFE0F;&#x20E3; days: 0&#xFE0F;&#x20E3; people have been connected 0&#xFE0F;&#x20E3; dollars have been spent building Internet infrastructure 0&#xFE0F;&#x20E3; projects are underway <a href="https://t.co/AdUaSOEodK">pic.twitter.com/AdUaSOEodK</a>
&mdash; Brendan Carr (@BrendanCarrFCC) <a href="https://twitter.com/BrendanCarrFCC/status/1851411463895986185?ref_src=twsrc%5Etfw">October 29, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Carr told POLITICO that <a href="https://www.politico.com/news/2024/10/18/elon-musk-brendan-carr-fcc-starlink-00184260">he believes</a> much of the broadband program's $42 billion should be used to develop land-based connections, but perhaps as much as one-third could be used for satellite internet.&nbsp;
DOGE: President-elect Trump created a new Department of Government Efficiency (DOGE) and tapped Musk and Vivek Ramaswamy to lead the department's efforts to reduce wasteful federal spending and streamline government operations. The DOGE may help to advance Carr's agenda of deregulation and empowerment of the private sector, including Musk's Starlink satellites.&nbsp;
In a recent interview on "The Joe Rogan Experience" podcast, Trump highlighted Starlink's potential to disrupt traditional land-based broadband technologies and the subsidies for providers like AT&amp;T Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/T#NYSE">T</a>) and Comcast Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CMCSA#NASDAQ">CMCSA</a>).&nbsp;
"We're spending a trillion dollars to get cables all over the country, up to upstate areas where you have two farms, and they are spending millions of dollars to have a cable. Elon can do it for nothing," Trump said.&nbsp;
Read More:&nbsp;
<ul>
<li><a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/11/42046316/trump-set-to-hand-musk-golden-path-for-tesla-after-reversing-course-on-autonomous-vehicle-ban">Trump Set To Hand Musk &#8216;Golden Path For Tesla&#8217; After Reversing Course On Autonomous Vehicle Ban</a></li>
</ul>
Photo: Shutterstock&nbsp;

Government

Regulations

SPACE

CMCSA

Trump's FCC Pick Could Cut 'Wasteful Broadband Spending' With Elon Musk's Starlink

To gain an edge, this is what you need to know today.
<figure class="wp-block-image size-large is-resized"><img decoding="async" src="https://thearorareport.com/wp-content/uploads/2024/11/2024-11-18_08h07_41-scaled.jpg" alt="" style="width:624px" /></figure>
<h3 class="wp-block-heading">The Trump Trade</h3>
Please <a href="https://thearorareport.com/chart-analysis-stock-trump-tesla-dogecoin-xbi-mc-11182024">click here</a> for an enlarged chart comparing SPDR S&amp;P Biotech ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XBI#NYSE">XBI</a>) to Dogecoin to United States Dollar (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/doge/usd">DOGE</a>).
Note the following:
<ul>
<li>The chart shows that biotech XBI has lost 5.35% since Trump's election.&nbsp; Companies in this ETF are producing innovative life saving drugs, employ brilliant scientists, own significant intellectual property, and are often bought out at large premiums.</li>
<li>The chart shows that Dogecoin has gained 48.78% since Trump's election.&nbsp; Dogecoin was initially developed as a joke.&nbsp; At one time, it was endorsed by Elon Musk; its name is the same as the acronym of Trump's Department of Government Efficiency.&nbsp; The main use of Dogecoin is speculation by the meme crowd.&nbsp; Dogecoin has an active meme crowd community behind it.</li>
<li>The contrast between the performance of XBI and Dogecoin shown on the chart is emblematic of, in large part, what investors are buying and selling in the wake of Trump's re-election.</li>
<li>On top of investors rushing into speculative assets, sentiment is extremely positive.&nbsp; Historically, extremely positive sentiment is a contrary indicator.&nbsp; In plain English, it means sell.&nbsp; As we have previously stated, sentiment is not a precise timing indicator.</li>
<li>In spite of all the warning signals, The Arora Report call remains to buy the dips.&nbsp; There are two main reasons:
<ul>
<li>There is an old saying on Wall Street that no one has ever been fired for losing clients' money.&nbsp; However, money managers get fired for lagging far behind their benchmarks.&nbsp; No money manager, irrespective of his/her view of the market, wants to commit career suicide by not chasing the market at the year end. Bearish money managers who have missed out on this rally are likely to buy the dips and chase the stock market into the year end.</li>
<li>Right now, hopium is at an extreme.&nbsp; There is nothing in the way of hopium.&nbsp; Since Trump is not yet president, there is no reality to confront hopium.&nbsp; Right now, the momo crowd is buying based on the best case of all of the positives that may come out of Trump's policies, and they are ignoring all of the negatives.</li>
</ul>
</li>
<li>The plan is to start taking profits on new buys before hopium meets reality between Christmas and Trump's inauguration.&nbsp;</li>
<li>As a note of caution, this is not a call for wholesale buying.&nbsp; This is a call to buy on the margin based on the protection band.&nbsp;&nbsp;</li>
<li>Trump's transition team is starting the work to help those who helped Trump get elected.&nbsp; An example is the Trump team wanting to change the rules around self-driving cars in the U.S. to help Tesla Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>).&nbsp; Musk has been a big supporter of Trump.&nbsp; Over a period of time, expect many such moves from Trump's team.&nbsp; As a full disclosure, The Arora Report gave a signal to buy TSLA after Trump's win.&nbsp; The trade has been nicely profitable.&nbsp; The system has also triggered a signal for a trade around position in TSLA, but publication of the signal may be delayed because TSLA stock has gapped up significantly.</li>
<li>Trump has appointed Chris Wright as the next Department of Energy Secretary.&nbsp; Wright is the CEO of Liberty Energy Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LBRT#NYSE">LBRT</a>).&nbsp; Liberty Energy is engaged in fracking. Wright is also on the board of smart modular reactor company Oklo Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OKLO#NYSE">OKLO</a>) that is backed by OpenAI founder Sam Altman.&nbsp; Money is flowing into gas and nuclear stocks on Wright's appointment.</li>
<li>The most important event for the market this week is NVIDIA Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) earnings that will be released on Wednesday after the close.&nbsp; This morning, NVDA is seeing aggressive selling because of a report of Blackwell chips heating up in data centers.</li>
<li>In the early trade, retail investors are aggressively buying Trump stocks based on the weekend pump.&nbsp; Professional investors are front running retail investors as they hope to sell at higher prices to retail investors later.</li>
</ul>
<h3 class="wp-block-heading">Magnificent Seven Money Flows</h3>
In the early trade, money flows are positive in Amazon.com, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>), Alphabet Inc Class C (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>), TSLA, and Apple Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>).
In the early trade, money flows are neutral in Meta Platforms Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>) and Microsoft Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>).
In the early trade, money flows are negative in NVDA.
In the early trade, money flows are positive in SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) and Invesco QQQ Trust Series 1 (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>).
<h3 class="wp-block-heading">Momo Crowd And Smart Money In Stocks</h3>
Investors can gain an edge by knowing money flows in SPY and QQQ.&nbsp; Investors can get a bigger edge by knowing when smart money is buying stocks, gold, and oil.&nbsp; The most popular ETF for gold is SPDR Gold Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GLD#NYSE">GLD</a>).&nbsp; The most popular ETF for silver is iShares Silver Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SLV#NYSE">SLV</a>).&nbsp; The most popular ETF for oil is United States Oil ETF (ASCA:USO).
<h3 class="wp-block-heading">Bitcoin</h3>
Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) is range bound.
<h3 class="wp-block-heading">Protection Band And What To Do Now</h3>
It is important for investors to look ahead and not in the rearview mirror.&nbsp; The proprietary protection band from The Arora Report is very popular.&nbsp; The protection band puts all of the data, all of the indicators, all of the news, all of the crosscurrents, all of the models, and all of the analysis in an analytical framework that is easily actionable by investors.
Consider continuing to hold good, very long term, existing positions. Based on individual risk preference, consider a protection band consisting of cash or Treasury bills or short-term tactical trades as well as short to medium term hedges and short term hedges. This is a good way to protect yourself and participate in the upside at the same time.
You can determine your protection bands by adding cash to hedges.&nbsp; The high band of the protection is appropriate for those who are older or conservative. The low band of the protection is appropriate for those who are younger or aggressive.&nbsp; If you do not hedge, the total cash level should be more than stated above but significantly less than cash plus hedges.
A protection band of 0% would be very bullish and would indicate full investment with 0% in cash.&nbsp; A protection band of 100% would be very bearish and would indicate a need for aggressive protection with cash and hedges or aggressive short selling.
It is worth reminding that you cannot take advantage of new upcoming opportunities if you are not holding enough cash.&nbsp; When adjusting hedge levels, consider adjusting partial stop quantities for stock positions (non ETF); consider using wider stops on remaining quantities and also allowing more room for high beta stocks.&nbsp; High beta stocks are the ones that move more than the market.
<h3 class="wp-block-heading">Traditional 60/40 Portfolio</h3>
Probability based risk reward adjusted for inflation does not favor long duration strategic bond allocation at this time.
Those who want to stick to traditional 60% allocation to stocks and 40% to bonds may consider focusing on only high quality bonds and bonds of five year duration or less.&nbsp; Those willing to bring sophistication to their investing may consider using bond ETFs as tactical positions and not strategic positions at this time.
The Arora Report is known for its accurate calls. The Arora Report correctly called the big artificial intelligence rally before anyone else, the new bull market of 2023, the bear market of 2022, new stock market highs right after the virus low in 2020, the virus drop in 2020, the DJIA rally to 30,000 when it was trading at 16,000, the start of a mega bull market in 2009, and the financial crash of 2008. Please click here to sign up for a free forever <a href="https://thearorareport.com/generate-wealth-newsletter-benzinga">Generate Wealth Newsletter</a>.

$DOGE

LBRT

OKLO

A Must See Chart For Prudent Investors, Trump To Help Tesla Dominate, Nvidia Heat Problem

Shares of Warner Bros. Discovery, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WBD#NASDAQ">WBD</a>) are trading higher Monday. The company said it <a href="https://www.benzinga.com/24/11/42044510/warner-bros-stock-jumps-after-securing-11-year-nba-deal-extension">has reached a deal</a> with the National Basketball Association. The agreement will extend the media partnership for an additional 11 years. Warner Bros also said that it has resolved all recent disputes related to the NBA's media agreement.
This development has made Warner Bros. our Stock of the Day.
Warner Bros sued the NBA in July. This occurred after the league gave broadcast rights to Comcast Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CMCSA#NASDAQ">CMCSA</a>), ESPN, and Amazon.com, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>). This was to be an 11-year deal worth $77 billion.
Warner Bros said this was a violation of their agreement. A clause in the contract stated that the company had the right to match offers from a third party.
The chart of Warner Bros illustrates an important technical analysis dynamic that is common in the financial markets. Certain price levels can have more importance than others. As you can see on the chart, this has been the case with the $9.25 level for the stock.
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="526" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/18125142/wbd-1024x526.webp" alt="" class="wp-image-653534" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/18125142/wbd-1024x526.webp 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/18125142/wbd-300x154.webp 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/18125142/wbd-768x394.webp 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/18125142/wbd-1536x788.webp 1536w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/18125142/wbd.webp 1584w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
Read Also: <a href="https://www.benzinga.com/news/econ-s/24/11/42038707/gold-natural-gas-prices-rally-us-russia-tensions-escalate-over-ukraines-long-range-strikes">Gold, Natural Gas Prices Rally As US-Russia Tensions Escalate Over Ukraine&#8217;s Long-Range Strikes</a>
In November 2023, it was a support level. Then, in March, it turned into resistance.
This shift occurred because traders and investors who previously bought shares near the support level experienced losses when the stock price broke below that level. As the price attempted to recover, these investors sold their positions at the $9.25 level, creating resistance.
So, they placed sell orders at the same price that had been support. There were so many of these orders that it caused resistance to form and put a top on the price.
But when the stock broke through the resistance and moved higher, many of the traders and investors who sold at $9.25 decided to buy their shares back at the same price they were sold for.
When the stock dropped back to $9.25, they placed buy orders. There were so many of these orders that if reformed support at the same price that was resistance.
Successful traders know that it is important to understand a company's fundamentals. But they also understand that psychology can influence prices too. Remorseful buyers can turn what had been support into resistance. Regretful sellers can turn what had been resistance into support.
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Technicals

Stock Of The Day: Warner Bros. Bounces From Support As NBA Agreement Finalized

On Monday, Warner Bros. Discovery Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WBD#NASDAQ">WBD</a>) and the National Basketball Association announced they have extended their partnership for another 11 years, strengthening their <a target="_blank" href="https://press.wbd.com/us/media-release/warner-bros-discovery-and-national-basketball-association-reach-agreement-expand-long" rel="noreferrer noopener">long-standing relationship</a>.
The renewed agreement will enhance NBA content distribution and expand the collaboration across Warner Bros. Discovery&#8217;s digital sports platforms, including TNT Sports, Bleacher Report, and House of Highlights. Warner Bros. Discovery stock gained on the news.
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The new deal includes a global licensing arrangement that allows TNT Sports and its affiliates to produce and distribute NBA content across multiple platforms.
Warner Bros. Discovery now holds the exclusive rights to televise NBA games in several international markets, including the Nordics, Poland, and regions in Latin America, excluding Brazil and Mexico.
The coverage will feature local commentary and provide broad access for NBA fans in these territories.
Under the reimagined NBA Digital partnership, Warner Bros. Discovery and the NBA will continue co-managing the league&#8217;s digital media assets, building on their collaboration since 2009.
The updated agreement includes a commitment to promote NBA League Pass across Warner Bros. Discovery&#8217;s digital platforms, such as Bleacher Report and House of Highlights.
This strategy aims to boost subscriber growth and enhance the overall digital experience for basketball fans. The renewed agreement also introduces an innovative partnership between Warner Bros. Discovery and ESPN.
TNT Sports will produce and air Inside the NBA, the Emmy-winning studio show, on ESPN and ABC during the regular season and playoffs starting in the 2025-26 season.
Additionally, Warner Bros. Discovery will broadcast exclusive college sports content, including Big 12 football and basketball games and select College Football Playoff games, further diversifying its sports programming lineup.
Both organizations have pledged to support the global growth of Bleacher Report and House of Highlights, which cater to a younger, digitally-savvy audience.
The expanded licensing rights will enable Warner Bros. Discovery to create more NBA-related content, driving fan engagement and broadening the reach of these popular sports brands.
Streaming companies, including Netflix Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NFLX#NASDAQ">NFLX</a>) and Amazon.Com Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>) Prime Video, have ramped up spending on <a target="_blank" href="https://www.benzinga.com/analyst-ratings/analyst-color/24/10/41235640/netflix-to-become-default-choice-for-tv-movies-analyst-predicts-more-live-sports-pr" rel="noreferrer noopener">live sports content</a>, including the NBA and National Football League.
Warner Bros Discovery stock plunged 18% year-to-date as it battled challenges from its <a target="_blank" href="https://www.benzinga.com/markets/equities/24/08/40245398/warner-bros-bought-discovery-for-43b-in-2022-it-now-realizes-the-merger-was-a-bust-having-overpa" rel="noreferrer noopener">traditional TV networks</a> and a $9 billion write-down due to the failure of the merger of WarnerMedia and Discovery.
The company has been unable to meet the analyst consensus estimates since at least the first quarter of 2022. It has also been unable to reach the consensus estimate for EPS since the second quarter of 2022.
Warner Bros. Discovery reported a <a target="_blank" href="https://www.benzinga.com/news/earnings/24/11/41809105/warner-bros-discovery-q3-earnings-olympics-and-blockbusters-drive-gains-ceo-highlights-subscriber-s" rel="noreferrer noopener">fiscal third-quarter</a> revenue decline of 3% ex-FX to $9.6 billion, missing the&nbsp;consensus estimate of&nbsp;$9.8 billion.&nbsp;EPS of 5 cents beat the&nbsp;analyst consensus loss of 9 cents. Max added 7.2 million new subscribers.
Price Action: WBD stock is up 2.90% at $9.49 at&nbsp;the last check Monday.
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Netflix Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NFLX#NASDAQ">NFLX</a>) made headlines over the weekend, both good and bad, thanks to its highly anticipated live boxing stream featuring Jake Paul and Mike Tyson. The younger Paul won <a href="https://www.benzinga.com/general/sports/24/11/42022601/mike-tyson-vs-jake-paul-netflixs-explosive-boxing-event-ends-with-pauls-victory">via unanimous decision.</a>
The event could be a huge win for Netflix as it ramps up live events, but Friday's fight night showed that sometimes demand is too high and can cause problems even for streamers.
What Happened: Friday&#8217;s fight card, postponed from an <a href="https://www.benzinga.com/general/sports/24/11/41985523/paul-vs-tyson-boxing-match-how-to-watch-betting-odds-what-the-stats-say-and-more" target="_blank" rel="noopener">earlier 2024 date,</a> featured the Paul vs. Tyson fight, which pitted one of the upcoming boxers and social media stars (Paul) against one of the most recognized and most awarded boxers in history (Tyson).
While Paul won the fight, many on social media Friday night labeled Netflix—or themselves as viewers—the real losers, as high traffic from the Katie Taylor vs. Amanda Serrano fight preceding the main event caused Netflix to crash.
The hashtag #NetflixCrash trended on social media platform X Friday and more than one million people around the world, from 50 countries, reported issues with their stream according to DownDetector. TechCrunch <a href="https://techcrunch.com/2024/11/16/jake-paul-vs-mike-tyson-fight-shows-netflix-still-struggles-with-live-events/">said </a>11 p.m. ET was the peak time for issues, and around 530,000 U.S. customers reported issues with their stream.
While the issues seemed to ease during the Paul vs. Tyson fight, some customers may have abandoned watching altogether due to repeated disruptions or reports of problems experienced by other subscribers.
"Over 120 million people on Netflix. We crashed the site," Paul boasted after the fight.
Netflix said over 60 million people tuned in for the Paul vs. Tyson fight, setting records along the way.
While Netflix has experimented with live comedy specials, live award shows and a live roast of Tom Brady, this was the company's biggest test to date and the stumbles could be bad news ahead of two highly anticipated National Football League games on Christmas Day.
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What's Next: Netflix will air two games on Christmas Day, with the Kansas City Chiefs and Pittsburgh Steelers facing off at 1 p.m. ET and the Baltimore Ravens and Houston Texans facing off at 4:30 p.m. ET.
The games are <a href="https://www.netflix.com/tudum/articles/nfl-games-on-netflix">exclusive </a>on Netflix, outside of the local television markets for the teams playing in the two contests.
In case you were wondering if Friday's stumbles had Netflix or the NFL reconsidering the plans to stream games on Christmas Day, the streaming giant is already doubling down.
Netflix announced that Beyoncé will <a href="https://www.benzinga.com/24/11/42038673/netflix-scores-big-beyonce-set-to-headline-nfl-christmas-halftime-show" target="_blank" rel="noopener">perform at halftime </a>during the Ravens—Texans game in her hometown of Houston. Beyoncé will perform songs from her recent "Cowboy Carter" album and feature unnamed special guests, Netflix said.
Beyoncé previously performed during halftime of two Super Bowls, one as a headliner and one during a headline performance from Coldplay.
While Super Bowls regularly attract over 100 million viewers, which could be bad news for Netflix, it's important to remember that the average NFL game is watched by fewer people than those who tuned in for the Paul and Tyson fight.
Amazon.com Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>), which is the exclusive home of "Thursday Night Football" games, <a href="https://www.benzinga.com/general/sports/24/11/41918005/super-bowl-lix-betting-odds-kansas-city-chiefs-favorite-to-three-peat-can-detroit-lions-spoil-the-party-make-team-history">is averaging 13 million </a>viewers per NFL game this season through Week 9, up 4% from last season. Fox Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FOX#NASDAQ">FOX</a>)(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FOXA#NASDAQ">FOXA</a>), which airs games on Sunday, is averaging 18.65 million viewers per NFL game.
The most watched game of the current NFL season is the Week 1 matchup of the Chiefs and Ravens, which aired on Comcast Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CMCSA#NASDAQ">CMCSA</a>) units NBC and Peacock. The game<a href="https://www.benzinga.com/general/entertainment/24/01/36647034/peacock-has-most-livestreamed-event-in-u-s-history-with-nfl-playoffs-exclusive-can-comcast-"> had an average</a> of 29.2 million viewers.
Last season, the NFL had a streaming exclusive NFL Playoffs game on Peacock. The matchup between the Miami Dolphins and Chiefs was watched by an average of 23 million people, up 6% to the prior year's playoff game and setting records along the way.
Netflix ended the third quarter with 282.72 million global paid subscribers. Now, if every single subscriber tunes into the NFL games on Christmas Day, Netflix could have serious problems, given the Paul and Tyson fight.
However, viewership for the Christmas Day games will probably be below 60 million, and given Netflix's more than one month to get things right, fewer problems will likely occur.
NFLX Price Action: Netflix stock is up 1% to $832.70 on Monday after starting the day down. Netflix stock has traded between $445.73 and $841.00 over the last 52 weeks. The stock is up 77.8% year-to-date in 2024.
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