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Amazon Stock Will Double In 3 Years, Says Hedge Funder Who Invested $1 Billion in Bitcoin

bill miller bitcoin Amazon Apple

“Amazon should double again in the next three years,” Miller — an Amazon perma-bull — told CNBC. “The top line is going grow somewhere in the 225% range.”

Given that bullish revenue projection, the founder of Miller Value Partners said it’s not unrealistic to expect Amazon stock to double, noting that the online retailer’s “addressable market is so gigantic.”

Amazon is World’s Most Valuable Company

Amazon — whose 2017 revenue topped $177 billion — hit $1 trillion in market cap for the first time in September 2018. It then dropped due to the year-end selloff in late-2018. Despite the selloff, Amazon shares are still up 30% over the last 12 months.

On Monday (Jan. 7), Amazon stock (AMZN) closed at $1,629, up 3.4% — continuing a five-day rally, as seen in the Yahoo Finance chart below.

Amazon has now surpassed Apple to become the world’s most valuable public company, and Bill Miller doesn’t expect it to slow down anytime soon.

amazon stock price jan 7
Amazon’s stock price, January 7. Screenshot: Yahoo Finance.

In contrast to Amazon’s bull run, Apple is another story, Miller said.

The stock that is most problematic in the short run is Apple because they missed so badly on their guidance…The Chinese slowdown has hit them.

Apple (AAPL) tanked to an 18-month low last week, due to an abrupt drop in iPhone and iPad demand from China, whose economy is flailing amid ongoing trade wars with the United States.

Apple Will Miss Q1 Revenue Projections by $5B

On January 2, Apple shares tanked 9% after CEO Tim Cook said the tech giant will miss its Q1 revenue projections by at least $5 billion. As CCN reported, Apple has been in serious trouble for some time.

On Dec. 21, 2018, AAPL flashed a bearish “death cross” for the first time in three years. The death cross is a fairly reliable predictor of bear markets. It occurs when a stock’s short-term moving average crosses below its long-term moving average.

The appearance of a death cross is usually followed by a mass sell-off, and that’s exactly what happened with Apple last week.

The sell-off continued Monday, with AAPL closing at $147.93, down 0.22%, on higher-than-average trading volume.

apple stock price chart
Apple stock price, January 7th. Screenshot: Yahoo Finance.

Financial analysts say when tech stocks like Facebook, Apple, Amazon, and Netflix struggle, bitcoin prices tend to soften — touching off a weakening in the overall cryptocurrency market.

The impact is not immediate, but there is some correlation between the performance of the tech sector and the crypto market. However, experts claim there is very little correlation between the overall stock market and the crypto ecosystem.

Bill Miller’s Fund Invested $1 Billion in Bitcoin

Bill Miller previously called bitcoin digital “gold.” However, he said most other cryptocurrencies are worthless.

In December 2017, his Miller Value Partner (MVP) Fund invested $1 billion in bitcoin. It’s unclear what MVP’s allocation to bitcoin is now amid the Crypto Winter, but he likely scaled it back. Miller said he first bought bitcoin in 2014 at roughly $350.

Miller launched Miller Value Partners in 2016 after working at Legg Mason for 35 years, where he managed a fund that beat the S&P 500 for 15 years.

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3 Top Tech Stocks to Buy Right Now

Don’t let current market fluctuations keep you away from these tech stock opportunities.

Jan 8, 2019 at 10:25AM
The broader stock market has taken a hit over the past few months, and tech stocks have taken a beating along with it. Investors are likely worried about increasing talk about a possible economic slowdown or recession in the U.S., as well as uncertainty about a trade war between America and China.

But despite these concerns, there are still tech stocks that look like great buys right now. TTM Technologies (NASDAQ:TTMI)NVIDIA Corporation (NASDAQ:NVDA), and Amazon(NASDAQ:AMZN) are benefiting from their respective businesses and setting themselves up to grow for years to come.

Woman taking money out of a wallet.

IMAGE SOURCE: GETTY IMAGES.

This market leader is cheap for all the wrong reasons

Anders Bylund (TTM Technologies): Printed circuit boards aren’t going out of style anytime soon. Yet, the market acts as if this crucial part of all the electronics around us is going extinct in a hurry. It’s high time to snap up shares of this sector-leading — and very profitable — circuit-board maker.

Shares of TTM Technologies fell 45% lower in the second half of 2018. This plunge was not connected to disappointing business performance as the company knocked every earnings report out of the park. This was all about flagging investor confidence in TTM’s target markets, from smartphones and networking equipment to industrial machinery and computerized cars.

That market reaction might make sense for weaker hands in each niche of the markets, but TTM Technologies is a proven leader. In a commoditized sector where most of its direct rivals are getting by on net margins of 1% or below, TTM’s trailing net profits work out to 6% of the incoming revenue. Similar margin advantages hold true no matter what financial metric you’d like to explore, from gross and operating margins to returns on assets or on equity. This company stands head and shoulders above the rest and is perfectly equipped for weathering a few economic storms without losing any ground in the long run. If anything, TTM could very well snap up the remains of failing competitors through bankruptcy deals or opportunistic buyouts.

The stock traded for more than 20 times trailing earnings as recently as last summer, but it can be had for a measly 7 times earnings today. Don’t call it a turnaround when TTM’s stock starts to rise again — the company never really suffered a downturn in the first place.

Grab this beaten-down chip leader before it recovers

Steve Symington (NVIDIA): Shares of NVIDIA have plunged more than 50% since late September for a couple of reasons. First, high-flying tech stocks were hit particularly hard as the broader market pulled back in recent weeks. And second, the graphics-chip specialist is being punished after posting mixed third-quarter results last month. That’s not to say it was all bad news for NVIDIA; quarterly earnings actually beat expectations, but revenue fell short as cryptocurrency-related GPU purchases waned, leaving the industry with an inventory glut that will take some time to work through. Sure enough, revenue in the fourth quarter is expected to fall around 7% year over year, to $2.7 billion, marking a harsh reversal from the incredible growth that had repeatedly stunned Wall Street in prior quarters.

In the meantime, the market seems to be forgetting that this massively profitable company is working hard to diversify its revenue streams. If its industry-leading position in the gaming market isn’t enough, NVIDIA simultaneously enjoyed record sales from its datacenter, automotive, and professional visualization segments last quarter.

Once NVIDIA manages to clear its excess inventory and year-over-year growth resumes, I think the market will realize its long-term story remains firmly intact — and the stock should respond in kind.

Chris Neiger (Amazon): With Amazon’s share price up 317% over the past five years, it may seem like the time to buy Amazon stock has long past. But overlooking this tech stock now would be a huge mistake. That’s because Amazon’s tech opportunities are still very much in their early stages.

Amazon’s biggest technology bet has, of course, been the build-out of its cloud-computing platform, Amazon Web Services (AWS). AWS currently has 34% of the public cloud-computing market and easily outpaces its next rival, Microsoft, which holds 14% of the market. Market share aside, Amazon brought in $6.68 billion in AWS sales in the most recent quarter, with $2.1 billion in operating income. That’s impressive enough, and it gets even more exciting when you consider that the public cloud-computing market is expected to grow from $186 billion in 2018 to $302 billion in 2021.

Aside from its cloud-computing services, Amazon has emerged as an artificial intelligence leaderas well. The company implements varying levels of machine learning into its e-commerce platform to make suggestions for products and advertisements, and it also uses the tech in its Echo devices as well. All of this allows the company to operate its online retail business more precisely, advertise more efficiently, and make it easy for Echo users to make more purchases.

Investors looking for a tech stock that still has lots of room to grow sales and earnings from its growing AWS business and artificial intelligence should look to Amazon. The company may not be a traditional tech stock, but investors should look closer at how Amazon is using technology to expand into new markets and improve the ones it’s already dominating.

Should Nvidia be on your buy list? It’s on ours…
Motley Fool co-founders Tom and David Gardner have spent more than a decade beating the market. In fact, the newsletter they run, Motley Fool Stock Advisor, has tripled the S&P!*

Tom and David just revealed their ten top stock picks for investors to buy right now. Nvidia made the list — but there are 9 other stocks you may be overlooking.

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Written by top40

Hello Again and Thanks for reading it is I David "IT40" Ellenberger with an update on the status of my lawsuit against Alphabet inc case # 4:20-CV-04877-SBA  and the website and life in general. By now if you regularly visit InternetTop40.com you may have read this section "author info" or Bio. So I am adding to it with more bio and more info. I originally liked the idea of voting on the internet 20-25 years ago when I first got online with WebTV (does anyone remember that?).

The technology at that time was not advanced enough to easily be able to vote online or watch videos or much else for that matter but I was hooked and look at what we can do now with videos, IOT, and everything else, but I digress. I started InternetTop40.com about 5 years ago and the user base has been going up steadily ever since. I wanted to be another Facebook, with music and voting and that is all coming together slowly but surely. BTW if you want to help or have any interest please feel free to email me anytime.

Now in my previous Author Info or bio page I made it clear or at least I thought I made it clear, I am personally suing Alphabet inc. in Federal Court for Fraud. I have evidence to prove they are not counting all the pageviews, among other things and defrauding myself and probably millions of other website owners and content creators out of Billions of dollars. So if I wasn't clear or you didn't know it's true I am suing Alphabet inc. in Federal Court for Fraud the case was recently moved from my state of Kentucky to N. California to make it easier for Alphabet inc. to steam roll me or so they think. Needless to say if you are interested and I hope you are you can look the case up online under my name "David Russell Ellenberger" or the case # which is 4:20-CV-04877-SBA.

Now, I want to make it clear to you and everyone that I am not suing Alphabet inc. aka Google for fraud just because I want a million dollars for nothing. I am suing Google for fraud because I think they are committing  a serious crime with worldwide and societal ramifications, it is a  very serious problem.  I am suing Google for fraud because to put it simply the analytics numbers don't add up at least not in my favor or yours, there is something very fishy going on with the Google analytics numbers. Of course Google has an excuse for every one of them but I have reasons and the actual numbers and they don't add up, more about the numbers later.

Companies like Google are making Billions of dollars a year in profits telling us data is the most valuable thing and misleading us and misdirecting the media and the world every chance they can.  Now data is valuable and they are making billions in profits seemingly like magic but there is no magic to it just corruption and lies. One thing Alphabet inc. aka Google is really making their money from and that is advertising dollars and they are putting all of this advertising on the websites other people have created.

Websites that I have created and  websites you have created and websites millions of others around the world have created websites or content. For example Just writing a text is creating content and that's where Google puts the billions in advertising they receive and keeping most of it for themselves. Yes content others have created and yet somehow they are keeping almost all of these billions for themselves and not distributing it equitably to the real workers the true content creators who actually deserve the advertising monies. Google has made it's billions on the backs of you and me. Think about that for a minute, how can they continue to justify this? They Can't, it has to change.

For example if I were to prevail in the current lawsuit just half of the monies or $20 billion put into a basic account and compounded at 5% annually we could realistically employ over 80,000 people at $24,000 a year, indefinitely.  Sounds unbelievable but its true and if we only employed 40,000 people we could pay them approx. $48,000 a year indefinitely. Its all true. Its simply a matter of having the money and the will to do it. Now is 40,000 people a lot well yes it would be a lot of employees but with more money simply put into a trust account we could employ more people

I David Russell Ellenberger through my website InternetTop40.com am suing Google to try to help right a wrong. A wrong committed by Google that has simply gotten out of hand. Most people may think they can't do anything about it. Nothing can stop Google, the politicians don't care they use all of Googles data to further their own campaigns and line their own pockets while the rest of us keep on creating the content for Google, nothing can be done, this however is not the case, we can do something.

The politicians and Alphabet inc. aka Google have done nothing to help society at large other than organize it so they can keep more money in secret and pay off all their buddies with their fraudulently obtained money. It's gotten so bad that the politicians and others in control won't even talk about it, they ignore it and hope it goes away, they won't even try to stop google because it is helping them too much and maybe they are scared of Google or who knows what they may be thinking. But it looks like fraud and it's coming to an end.

I'm telling you we can do something and I David Russell Ellenberger an average citizen Content Creator am saying to you, I'm not scared of Google because I have nothing left to loose.  I David Russell Ellenberger am telling you there is something you too can do, if nothing else, tell all your friends to come to InternetTop40.com aka IT40, believe these words and Create your Content.

Further I promise to you and all who read this if we do prevail in the lawsuit against Alphabet Inc. We will use half of any monies we may receive to pay "content creators" a living wage. I pledge to anyone who is reading this, we will use half of any monies we may receive to help those who really do want to work on the internet and create content and tell us what they think. We will use half of any money so you can Get Paid, we want you to get paid for the content you create and get paid everyday and Get Paid to Vote create data and to be able to do this work online and from your home or anywhere in the world you care to be. Because in the words of an ancient scholar Y-O-U are the business Y-O-U are creating all the data, Y-O-U are the content creators and Y-O-U are all that matters.

Now the main thing I want you to take away form this and to know, Alphabet inc. is and has been committing fraud against you, me and everyone who uses the internet. I don't think Google started out to defraud the world it has just degenerated into this endless morass of corruption and fraud and no one seems to care, Well I care and I know you care too.  Sadly Google has been doing this with impunity for years and it is only getting worse. Please don't let them fool you with their lies and obfuscation. Do some research create some content build a website and research the analytics numbers you will find I am right. Google owes you, me and everyone online thousands if not 10's of thousands of dollars for all the data and advertising dollars they have co-opted from you and the rest of the world. So join with me don't use any Google products or file your own lawsuit in federal court against Alphabet inc. I will be glad to help you any way I can and show you how to do it if need be. It will take a sincere effort on your part but it will definitely help your self esteem, society and the world.

Now that's about all I have to say on this subject for now.  I will tell you this if you want more information or you have questions or comments for me, my email is [email protected] Thank you for reading looking and listening and believing in InternetTop40.com Please tell all your friends about us and don't forget to vote Thumbs up or down and refresh your page when your done. One last Thing, I need all the help I can get I am only 1 person but together and with todays technology we can move mountains and reframe society and our world the way we want it to be. One final note let me tell you about a new website coming to the world called IVAMP.org.... Thank you ttyl

 

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