ICYMI: Amazon's Big News Week, Facebook and the FTC, Retail Earnings, Pepsi

Credit: The Street
Published on February 15, 2019 - Duration: 03:00s

ICYMI: Amazon's Big News Week, Facebook and the FTC, Retail Earnings, Pepsi

Amazon.com Inc.

Was all over the news this week.

Amazon Amazon is investing $700 million into electric pick up truck startup Rivian, which was announced Friday morning.

This highlights the rising competition coming Tesla Inc.'s way.

Tesla wanted to invest in making electric pickup trucks, but now will not be the first to market on the initiative.

Amazon will also hold off its plans to build its second headquarters in New York City, as the political backlash was too great for Amazon's liking.

Multiple top politicians, as well as Vice Chairman of Berkshire Hathaway Charlie Munger had much to say about the development.

Facebook & FTC Facebook Inc.

And the Federal Trade Commission are reportedly working on a settlement to data privacy issues related to the Cambridge Analytica scandal, a settlement that would cost the social media giant billions.

Retail Earnings Some analysts have mentioned of late that discount retailers could soon see notable revenue growth if consumer spend continues to slow and shoppers move away from high-end stores and into discounters potentially.

Watch guidance more than earnings and revenue results for these department store retailers soon to report fourth quarter earnings: TJX Companies Inc.

Burlington Stores Inc.

Ross Stores Inc.

Kohl's Corp.

Pepsi's Positive Earnings Report PepsiCo Inc.

Reported earnings and revenue in line with analyst estimates and noted that investments into certain products might hurt growth in the short-term, but help it in the longer-term.

The stock rose 2.16% to $115.02 a share Friday.

See what was revealed on the earnings call and why Pepsi has some promise for the future here.

Pepsi was RealMoney's stock of the day.

Amazon, Facebook, and Kohl's are holdings in Jim Cramer's Action Alerts PLUS charitable trust.

Click here to read the latest research note on the company from Jim and AAP's team of research analysts.


You are here

Recent related videos from verified sources

Premier League 2019/20 on TV: Week 3 preview 21:18
Credit: Radio Times - Published 2 days ago 

You might like