Poor results for the holiday quarter were supposed to injure Wall Street’s sentiment on Amazon.com Inc. (NASDAQ: AMZN). On the contrary, it has continued to rise, leaving observers to ask whether the relentless progress of e-commerce has overcome a downturn in Amazon’s fortunes.
Amazon.com, Inc. (NASDAQ:AMZN) stock opened at $372.69 in last session, and closed at $370.53, while the day range of AMZN stock is $367.00-$372.73. The stock showed a positive weekly performance of 2.99%.
Shares of Macy’s (NYSE:M) have earned a consensus rating of “Buy” from the twenty-two brokerages that are covering the stock, Analyst Ratings Network.com reports. Six analysts have rated the stock with a hold recommendation and thirteen have issued a buy recommendation on the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is $59.50. Macy’s, Inc. (NYSE:M) stock opened at $57.70, in last session and closed at $58.12, by gained 0.12%. The 52 week range was $40.89-$58.66. Company’s market capitalization is $21.21 billion.
Costco Wholesale Corporation (NASDAQ:COST) had its target price reduced by Jefferies Group to $104.00 in a research note released on Friday morning, Stock Ratings Network reports. They currently have a hold rating on the stock. Costco Wholesale Corporation (NASDAQ:COST) stock gained 0.96% and finished the last session at $114.59. The EPS of the stock remained 4.64. Company’s market capitalization is $50.39 billion.
Wal-Mart Stores, Inc. WMT -0.20% will participate in the Bank of America Merrill Lynch 2014 Consumer & Retail Conference on Tuesday, March 11. Chief Financial Officer Charles Holley will provide an update on the company’s financial priorities as the keynote speaker at the conference at approximately 12:00 p.m. EDT. Wal-Mart Stores, Inc. (NYSE:WMT) stock opened the session at $74.52, and closed the session at $74.43. The 52 week range of the WMT stock remained $71.51-$81.37 and the day range was $74.05-$74.60.
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