Log in
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Dynamic quotes 

MarketScreener Homepage  >  Equities  >  Nasdaq  >  Amazon.com, Inc.    AMZN


SummaryMost relevantAll NewsPress ReleasesOfficial PublicationsSector newsMarketScreener StrategiesAnalyst Recommendations

Asian shares bounce on hopes for U.S. stimulus, vaccine

12/02/2020 | 12:38am EST

* Asian stock markets: https://tmsnrt.rs/2zpUAr4

* Equities dip in choppy trade on profit-taking

* U.S. lawmakers renew attempt at stimulus bill

* Progress toward coronavirus vaccine boosts risk appetite

TOKYO/NEW YORK, Dec 2 (Reuters) - Asian shares rose on Wednesday after a strong lead from Wall Street fuelled by hopes for additional U.S. economic stimulus and a coronavirus vaccine, but trade was choppy as some investors booked profits.

Top U.S. Senate Republican Mitch McConnell said on Tuesday that Congress should include new coronavirus stimulus in a $1.4 trillion spending bill aimed at heading off a government shutdown in the midst of the pandemic.

U.S. President-elect Joe Biden told the New York Times his priority is getting a generous aid package through Congress even before he takes office in January.

Top U.S. health officials, meanwhile, announced plans to begin vaccinating Americans against the coronavirus as early as mid-December once regulatory approvals are in place, as nationwide deaths hit the highest number for a single day in six months.

MSCI's broadest index of Asia-Pacific shares outside Japan rose 0.27%, but was still trading below last week's all-time high. Australian stocks rose 0.12%.

Shares in China recovered from early losses and rose 0.12%.

Tokyo stocks were little changed after setting a new 29-year high. Softbank Group shares fell 0.66% after Bloomberg News said the tech investor is winding down its options trades on companies including Amazon.com Inc and Facebook Inc.

South Korean shares hit a record high due to signs of an increase in semiconductor demand.

U.S. stock futures declined 0.23% following a record closing high for Wall Street shares.

Europe also looked set for a softer open, with Euro Stoxx 50 futures down 0.37%, German DAX futures down 0.35%, and FTSE futures trading 0.38% lower.

Benchmark U.S. Treasury yields eased slightly but remained near a three-week high as Republicans and Democrats submitted proposals for economic stimulus in a bid to pass a bill some time this month.

Analysts say downside for global equities is likely limited, with major uncertainties surrounding the outlook now fading.

"We've had some positive leads, and a combination of optimism around the vaccine, and government and central bank stimulus remains in place," said Michael McCarthy, chief markets strategist at CMC Markets. "It's a sweet spot for markets."

MSCI's gauge of stocks across the globe rose 0.07% in Asia on Wednesday, edging toward an all-time high.

Pfizer Inc and Germany's BioNTech SE sought emergency approval of their vaccine candidate from the European regulator on Tuesday. Competitor Moderna Inc also applied for emergency approval from the European regulator on Tuesday.

Pfizer and BioNTech said their vaccine could be launched in the European Union as early as this month, though a European regulator clouded the schedule when it said it would complete its review of their vaccine by Dec. 29.

The U.S. 10-year Treasury yield stood at 0.9129% in Asia, not far from a three-week high of 0.9380% hit in the previous session as investors priced in the likelihood of more fiscal spending.

The spread between two-year and 10-year yields was also near its steepest in three weeks.

Higher yields did not support the dollar, which was mired near its lowest level in more than 2-1/2 years as investor appetite for risk increased.

Earlier this year Japan's Softbank Group raised eyebrows by buying billions of dollars of call options for U.S. tech giants while taking long positions in the underlying shares.

Some analysts say hedging by the counterparties that sold the options to Softbank contributed to a frenzied rally in the U.S. tech sector.

"This could be big news ... and bad for the tech market," Andrew Brenner, New York-based head of international fixed income at NatAlliance Securities, said in a note, adding that it depends on how much you believe SoftBank was behind increased option volatility.

Oil prices extended losses in Asian trading after OPEC and its allies left markets in limbo by postponing a formal meeting to decide whether to lift output in January.

Brent crude futures fell 0.74% to $47.01 per barrel, while U.S. crude fell 0.88% to $44.16 per barrel.

(Reporting by Jessica DiNapoli in New York; Editing by Sam Holmes and Kim Coghill)

© Reuters 2020
Stocks mentioned in the article
ChangeLast1st jan.
AMAZON.COM, INC. -0.74% 3104.25 Delayed Quote.-4.69%
BIONTECH SE -4.02% 101.59 Delayed Quote.24.62%
CMC MARKETS PLC 2.64% 427.5 Delayed Quote.9.34%
DAX -1.44% 13787.73 Delayed Quote.0.50%
FACEBOOK INC 2.33% 251.36 Delayed Quote.-7.98%
LONDON BRENT OIL -2.91% 54.8 Delayed Quote.8.12%
MODERNA, INC. -0.05% 129.65 Delayed Quote.24.10%
PFIZER INC. -0.14% 36.7 Delayed Quote.-0.30%
SOFTBANK GROUP CORP. -0.60% 8518 End-of-day quote.5.71%
THE NEW YORK TIMES COMPANY -0.18% 49.02 Delayed Quote.-5.14%
WTI -3.09% 52.11 Delayed Quote.9.44%
All news about AMAZON.COM, INC.
05:34pAMAZON COM : U.S. keeping music licensing decrees that help Spotify, others
05:26pAMAZON COM : a Longtime E-Book Discounter, Is Accused of Driving Up the Price of..
02:42pAs inauguration nears, law enforcement scrutiny drives U.S. extremists into i..
12:15pMorgan Stanley Sees E-Commerce Growth Decelerating in 2021 as Consumer Demand..
11:33aFactbox: U.S. companies suspend political donations after Capitol attack
11:28aWALMART : e-commerce chief to leave after nearly 5 years
10:51aWALMART : E-commerce Boss Marc Lore to Leave
09:16aSECTOR UPDATE : Consumer Stocks Slip Premarket Friday
08:44aFiat Chrysler Automobiles Pioneers Implementing Amazon's Alexa Custom Assista..
07:47aAMAZON COM : Morgan Stanley Adjusts Amazon.com's Price Target to $3,900 From $3,..
More news
Financials (USD)
Sales 2020 380 B - -
Net income 2020 18 126 M - -
Net cash 2020 44 304 M - -
P/E ratio 2020 89,3x
Yield 2020 -
Capitalization 1 558 B 1 558 B -
EV / Sales 2020 3,98x
EV / Sales 2021 3,32x
Nbr of Employees 798 000
Free-Float 81,7%
Duration : Period :
Amazon.com, Inc. Technical Analysis Chart | AMZN | US0231351067 | MarketScreener
Technical analysis trends AMAZON.COM, INC.
Short TermMid-TermLong Term
Income Statement Evolution
Mean consensus BUY
Number of Analysts 53
Average target price 3 830,00 $
Last Close Price 3 104,25 $
Spread / Highest target 45,0%
Spread / Average Target 23,4%
Spread / Lowest Target 12,7%
EPS Revisions
Managers and Directors
Jeffrey P. Bezos Chairman, President & Chief Executive Officer
Dave Clark Senior Vice President-Worldwide Operations
Brian T. Olsavsky Chief Financial Officer & Senior Vice President
Patricia Q. Stonesifer Independent Director
Thomas O. Ryder Independent Director
Sector and Competitors
1st jan.Capitalization (M$)
AMAZON.COM, INC.-4.69%1 569 212
JD.COM, INC.-0.15%138 311
WAYFAIR INC.32.86%32 805
ETSY, INC.18.89%26 671
MONOTARO CO., LTD.0.76%13 058