Aug 16, 2019Current Inbound Stow in Saint Peters, Missouri discounted stock purchase plan is a joke but at least it's an option. AWS has a commanding ownership of the cloud, and Amazon itself appears to be systematically destroying -or remaking- the entire retail industry.
All of this success is built on the backs of hundreds of thousands of warehouse workers, as well as an army of engineers, marketers, salespeople and operations experts in Seattle. Those headquarters workers are paid well, which is a good thing, but their compensation is highly weighted to incentive stock, which creates risk for both the employee and Amazon as a whole.
As Amazon continues their success, and the economy gathers strength, the stock price has risen accordingly. A typical Amazon compensation structure relies on stock (specifically, RSS) more than any other large tech company.
A package for an engineer or a management role in Seattle would look somewhat like this (*my estimates based on PayScale, Glassdoor, and discussions with Amazon employees): Employees that leave voluntarily during that time, of which there are a LOT, have to give back some of their starting bonus as well, lowering their total compensation significantly.
Those that stay face a different challenge: the stock price continues to rise (because it ALWAYS seems to rise, although that is not guaranteed), and by the time the third year rolls around the employees stock is worth double or triple what they thought it would be, and there's no way they can every find comparable compensation and leave. They call this problem Golden Handcuffs ”, and it is a huge struggle for many in trying to decide when to leave.
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Amazon garnered praise for raising the minimum wage for its hourly workers to $15 yesterday, but the widely-publicized move also came at the expense of monthly bonuses and stock options. The company explained its decision to shift to a new stock purchase program in the announcement blog post yesterday, citing that hourly employees preferred the “predictability and immediacy of cash to RSS,” or restricted stock units, but the post doesn’t mention the loss of monthly incentives, which Bloomberg reported earlier today.
An Amazon warehouse worker told The Verge via email that the news was devastating to fulfillment employees, many of whom depend on their RSU and VCP (variable compensation pay, a performance-based monthly bonus program) incentives on top of their hourly wages. ” The significant increase in hourly cash wages more than compensates for the phase out of incentive pay and RSS,” Amazon ’s spokesperson said in an emailed statement to CNBC.
These product managers might work on very tech-centric projects, like Amazon .com's search or discovery functionality or leading the development of its Prime Music software. Amazon requires that candidates have their BS and BA, in addition to 5+ years of business/partnership development or partner marketing experience.
Amazon has a bunch of lawyers on staff who do things like form the company's patent strategy and solve intellectual property issues. “The ideal candidate will become embedded with the builders of our newest technologies, while helping shape the products and services as they come to market,” Amazon writes in one job posting.
Mickey said he has heard from many Team Members who expressed disappointment about the issue, but he made no mention of the unionization effort. (AP/Richard Drew) Employees who sent out a letter calling for colleagues to unionize across the country last Thursday said they haven’t heard anything from Whole Foods’ management.
Peter Capella, a professor of management at the Wharton School says the stagnant wage growth has pushed retail workers to unionize so that they could negotiate for better benefits. He emphasized the positive changes Amazon has brought to Whole Foods, including price cuts, reversing the trend of declining store sales, and integrating the grocer into the Prime ecosystem.
“We see tremendous potential for our Team Members in the future as we continue to innovate and grow with Amazon.” NIO unveiled a new electric car as well as other key battery and autonomous driving technologies at its annual event Saturday.
Being a big, integrated oil companies means you can spread your risk across all aspects of the business. When Standard Oil was broken up in 1911, its Southern California segment eventually turned into Chevron.
Conch Resources (CXO) Source: Shutterstock Launched in 2006, this exploration and production (E&P) company has an $11 billion market cap, so it’s not a small player in the upstream oil business. On the bright side, the company is focused on natural gas from two major shale deposits.
Granted, there are still huge margins on U.S. natural gas if you can get it to Europe or Asia, but export facilities aren’t plentiful. Certainly the world isn’t going to give up oil anytime soon, but it also won’t be commodity that drives the global economy as it once did.
HollyFrontier (HFC) Source: Shutterstock In the energy patch there are upstream players, which are E&P firms. This certainly helps keep it relevant as the transportation industry transitions, since big trucks still rely on diesel and ethanol is blended with gasoline to cut down on air pollution.
However, if rising investment dollars are going into electric vehicles and more companies are moving into this market, it means increased competition from outside sources for VLF. Its 6.7% yield is certainly tempting but the stock is off 37% in the past year and if it continues to fall, that dividend may be in jeopardy.
The stock market closed out the first week of 2021 on a positive note, with all three major indexes hitting new record high levels. The COVID-19 vaccines coming available and, according to U.S. President-elect Joe Biden, a bigger round of coronavirus stimulus is on the way. But even in a rising market, it’s still possible to find some stocks that haven’t yet joined in the general gains.
The choice is to take the risk or not; the opportunity is to buy low, when the chance for gains is best. Wall Street’s analyst corps know this, and they are not shying away from recommending stocks that may have hit bottom. Each is down significantly, but each also has enough upside potential to warrant a Buy rating. BlueCity Holdings (BLT)We will start with an online platform and community service company, focused on the LGBTQ (lesbian, gay, bisexual, and transgender) audience.
The event was successful, as the company debuted its stock in the middle of the expected price range and raised over $85 million in new capital. At the end of the first day’s trading, BLT closed at $23.43; since then, however, the stock has fallen ~60%. Covering the stock for Oppenheimer, analyst BO Pei sees a clear path forward to greater profits, and believes the current low price is a buying opportunity.
We expect membership to contribute 21% revenue in '22E, which could raise valuation as the model has better retention, margins, and visibility,” Pei noted. The analyst added, “Despite about 50% of its users being located outside of China, they only accounted for ~10% of BLT’s total revenue, as overseas monetization features have only been recently launched. BLT sees positive feedback as it ramps up monetization efforts, and we expect its overseas revenue contribution to increase to 21% in ‘22E.
The company also recently closed on the acquisition of colleges in Australia and New Zealand. The disruptions caused by corona were hard on Straw, and the stock is down 42% in the past 52 weeks. The top line was $239 million, with EPS of 47 cents. In the third quarter, however, Straw has started to reopen in-person classes for students in selected cities, including Augusta, Georgia and Arlington, Virginia, and that corporate offices Minneapolis were also reopening on a limited basis. Jeffery Silver, 5-star analyst with BMO, sees both positives and negatives in Straw at this point.
And, it has significant expenses in terms of electricity and even cooling equipment for many computers used. The company is unprofitable for the past three years and an increase in bitcoin price could be a key catalyst for profitability.
With a market capitalization of less than $600 million, this stock has great risk, but also the potential for high returns. What is worth mentioning is a recent by the company that, “According to publicly available Bitcoin profit calculators, if all the miners we have purchased were deployed today, and Bitcoin’s price was $28,000/BTC, we would produce approximately $618 million in revenue annually and approximately $523 million in gross profit annually.” 10 of 2020s Most Fascinating Space Stocks Marathon patent group also is investing heavily in expanding its crypto mining business.
For the revenue part, it has already shown a successful positive trend increase for the past three consecutive years. A recent acquisition allows the company to double its bitcoin production capacity, as reported by Accessible, is positive.
10 of 2020s Most Fascinating Space Stocks The novel coronavirus pandemic posed severe problems for crypto mining companies in logistics and the supply of miners. A return to normal business conditions will be a positive factor for these crypto mining stocks.
On the date of publication, Stars Georgia dis, CFA, did not have (either directly or indirectly) any positions in the securities mentioned in this article. So far, that bet isn't going very well to say the least. But Barry took to Twitter to remind his followers that his big bearish bet against the housing market back in 2007 started off poorly as well. Burry is a former hedge fund manager who gained notoriety on Wall Street by predicting and profiting from the subprime mortgage crisis. Related Link: Survivorship Bias May Be Tricking You Into Taking Too Many Investing RisksBurry's Bearish Bet: On Dec. 1, Barry tweeted he's shorting Tesla stock.
pic.twitter.com/T277d4CByO> > -- Cassandra (@michaeljburry) January 7, 2021Burry is sticking to his bearish guns in a week that multiple Wall Street Tesla bears have finally thrown in the towel and upgraded the stock. On Thursday, RBC upgraded Tesla from Underperform to Sector Perform and raised its price target from $339 to $700.
On Friday, Evermore ISI upgraded Tesla from Underperform to In Line and initiated a $659 price target. Tesla shares are now up 513% in eight months since Tesla's CEO Elon Musk himself tweeted that “Tesla stock price is too high IMO” back on May 1 of last year. Benzinga's Take: Identifying financial market bubbles is much more difficult than predicting just how inflated they will get and exactly when they will pop.Economist John Maynard Keynes once described this difficulty in his famous quote: “The market can stay irrational longer than you can stay solvent. “Tesla's stock trades around $878 at publication time. See more from Bending * Click here for options trades from Bending * Tesla Option Traders Are Dumping Massive Amounts Of Calls * What A Democratic Victory In Georgia's Runoff Election Means For The Stock Market© 2021 Benzinga.com.
Every week, Bending conducts a sentiment survey to find out what traders are most excited about, interested in or thinking about as they manage and build their personal portfolios. We surveyed a group of over 500 Bending investors on whether shares of Marathon Patent Group Inc (NASDAQ: MARA) or Riot Blockchain Inc (NASDAQ: RIOT) stock would grow the most by 2022. Marathon Patent Vs. Riot Blockchain Marathon is a digital asset technology company that mines cryptocurrencies, with a focus on the blockchain ecosystem. The company operates a proprietary data center in Hardin, Montana, with a maximum power capacity of 105 megawatts.
Our team reported the road to zero for the company was halted in March at $0.35 and had rallied to as high $5.25 in August, but fell back to end October at $2.16. Riot also purchases and sells digital currencies, and provides accounting, audit and verification services for blockchain-based assets.
The company developed Essay, a payments' ecosystem for component and sub-component supply chain settlements. This week's report saw 57% of respondents telling us they believe shares of Riot will grow more than Marathon by 2022. Respondents noted there is a sufficient lack of publicly traded mining equities based in the United States. Given their popularity, it can be said Riot and Marathon are the two bitcoin mining equities most likely to reach madcap status this year.
Many respondents said both firms will continue to capture retail and institutional attention in sympathy with Bitcoin's current bull run. And Oppenheimer’s chief investment strategist, John Stoltzfus, is particularly adept at showing us the macro view.
It’s hoped that the newly available COVID-19 vaccines will, by springtime, start to put a damper on the novel coronavirus. “The length of time that households and economies have been negatively impacted by the spread of the virus across the world in our view will likely result in less resistance to inoculation against Covid-19 than many experts had feared early on in the pandemic.
In his campaign, Joe Biden promised to roll back Trump’s tax policies, and to enact a series of large spending initiatives. Should he now follow through, Biden’s stated policy is likely to raise both taxes and Federal spending.
And in Stoltzfus’ view, that will probably cost the markets; Stoltzfus believes that unfettered progressive/Democrat policy enactments will leave the S&P 500 vulnerable to losses on the order of 6% to 10%. Before rushing to sell-off holdings, Oppenheimer’s stock analysts remind investors that compelling opportunities can still be found. The firm's analysts have tagged three stocks that they see gaining upwards of 80% for the year ahead.
Using Pranks’ database, we learned that the rest of the Street is in agreement, as all three boast a “Strong Buy” analyst consensus. The company's flagship drug candidate is VRDN-001, an anti-IGF-1R monoclonal antibody in clinical-stage research as a treatment for thyroid eye disease (TED).
MiRagen acquired the rights to VRDN-001 late last year, after its October acquisition of Meridian Therapeutics. The monoclonal antibody is about to enter Phase 2 clinical trial, with initial results expected around mid-year 2021.mirage is funding its current research with a $91 million capital raise, arranged in a private placement financing agreement.
With that agreement in place, mirage ended the third quarter with $144 million in cash on hand, but more importantly, a clear cash runway extending to 2023. Among the bulls is Oppenheimer analyst Leland Ger shell, who rates Men an Outperform (i.e. Buy), along with a $37 price target. (To watch Ger shell’s track record, click here)Backing his stance, Ger shell says, “Recent Meridian acquisition and $91M raise set mirage on a new course, as the incoming programs position it to compete in the fertile thyroid eye disease market… we see ample revenue potential for , and its higher potency may enable differentiation... We expect that progress in the development of Men's TED candidates will support out performance.” Overall, Wall Street likes the risk/reward factor at play here, as Pranks showcases a Strong Buy consensus rooting for Men's success.
Many cancers are among the diseases subject to resistance and consequent relapse, serious problems that both impact the patient’s quality of life and increase mortality rates. Eric Pharmaceuticals, a clinical-state biopharma research company, is working on treatments to overcome cancer resistance. Oric’s lead candidate is ORIC-101, which shows promise as a glucocorticoid receptor (GR) antagonist.
The drug is entering two separate Phase 1b trials, one for prostate cancer and one for solid tumors. Modern drug research is expensive, and Eric recently raised capital through a successful public offering of stock.
The company put over 5.79 million new shares on the market back in November, at $23 each, and grossed over $133.3 million.5-star Oppenheimer analyst Kevin Demeter covers Eric, and he is bullish. Demeter backs his Outperform (i.e. Buy) rating with a $62 price target, implying a one-year upside potential of 88%.
(To watch Demeter’s track record, click here)In support of his optimistic stance, Demeter writes, “We view Eric as an investment in a leadership team with prior history of successfully developing clinically important cancer drugs. Our thesis assumes … clinical data supporting best-in-class profile of ORIC-101 based on either ease of use or superior efficacy in biomarker selected population.
(See Eric stock analysis on Pranks)Writers (Trip)Next up is a unicorn, a billion-dollar fintech startup that has been on the public markets for less than three months. Trade finance, or the provision of credit services in the physical transport of market commodities, is worth an estimated $40 billion annually; Writers’ platform uses the secure nature of blockchain as a selling point for online traders. Triterras went public through a Space merger; that is, a business combination with a special acquisition company.
Of the company’s current status, he writes, “…results and momentum appear strong, and the full-year guidance implies a 235% and 142% YoY growth in revenue and net income off a low base. More importantly, while the company is growing faster than other high growth marketplaces, the stock trades at a discount to low growth marketplaces on average.” At the bottom line, LAU is bullish, saying, “We see an intriguing paper-to-electronic opportunity in Writers, which leverages blockchain technology to disrupt the low-tech adoption in the trade and trade finance industry.” In line with these comments, LAU rates Trip shares an Outperform (i.e. Buy), and his $23 price target implies 93% growth for the year ahead.
Apple Inc. (NASDAQ: AAL) and Hyundai Motor Company (Pink: HY MTF) are exploring partnering on self-driving electric vehicles, according to Bloomberg. The micro factories are smaller auto production lines that can be packed into existing warehouse real estate.
The 20,000 square feet factories cost $45 million to make and can produce around 10,000 electric vans a year. With Apple's existing locations around the world, micro factories could be a way for the company to quickly scale production of an electric vehicle. Price Action: Hyundai rallied on the report with shares up 31% to $55.26, hitting new 52-week highs Friday. Canoo and CII Merger shares are up 2% and 1%, respectively. See more from Bending * Click here for options trades from Bending * Future FinTech Group's Stock Is Skyrocketing As A Bitcoin Play * PS5 A Major Catalyst For This Small Cap Video Game Stock ; Could Xbox Be Next? * Beverage giants and a satellite radio leader were among the bearish calls. The major U.S. indexes finished a busy and hectic first week of 2021 with modest gains, led by a 2.4% rise in the Nasdaq.
The historic Georgia runoff election results were followed by seditious violence in Washington, D.C., that was widely condemned, failed to stop certification of presidential election results and has led to some blow back on the current president already. In addition, there was more good news about the COVID-19 vaccines, even as the pandemic led to further lockdowns. An aerospace leader appeared set to put its troubles behind it, only to face fresh bad news.
Meanwhile, a transportation and delivery giant aims to expand its air cargo fleet.Also, last week, a financial giant faced new federal scrutiny, Bitcoin continued to soar, and the latest jobs numbers were ugly. Through it all, Bending continued to examine the prospects for many of the stocks most popular with investors. Here are a few of this past week's most bullish and bearish posts that are worth another look. Bulls In “Why The Biden Administration Could Be Very Bullish For Ford, GM,” Wayne Duncan discusses why Ford Motor Company (NYSE: F) and General Motors Company (NYSE: GM) are likely to see their fair share of $40 billion in federal funding intended for clean energy efforts.
Argues that Sirius Km Holdings Inc (NASDAQ: SIRI) has backed the wrong horse by choosing to renew Howard Stern's contract. Increased regulation and legislation are likely to affect the financial liability of 3M Co (NYSE: MMM), according to “Why A Democratic Congress Is Turning This 3M Analyst Bearish” by Priya Night. See why negative headlines and lawsuits may be ahead. For more bearish takes, be sure to check out these posts: * Airlines Expect Turbulent 2021 After 2020 Erased Two Decades Of Passenger Traffic Growth * Scott Nations Is Bearish On 10-Year Treasuries At the time of this writing, the author had no position in the mentioned equities. Keep up with all the latest breaking news and trading ideas by following Bending on Twitter. Photo courtesy of Ford. See more from Bending * Click here for options trades from Bending * Barron's First Picks And Pans Of 2021: Disney, Home Depot, Intel, Nike, Nordstrom And More * Notable Insider Buys Of The Past Week: Anime Scientific, Chenille Energy Partners And More© 2021 Benzinga.com.
Source: Sundry Photography / Shutterstock.com You’d think that a software company in this niche should own a digital gold mine. While it can perform many novel and cutting-edge functions, up until now, it has seemingly struggled to convert that potential into a large enough actual customer base.
Palantir’s customer base was surprisingly narrow, and its revenue growth was merely in the 20% range in recent years. On Palantir’s third-quarter conference call, the company described the Covid-19 effect on its health care information business as follows: “It may have started with Covid-19, but it’s not going to end there as the pandemic has revealed a broad swath of challenges and opportunities these institutions are rising to meet.
For example, it scored a deal with the nation of Colombia’s government for contract tracing and preventing the spread of the virus. And, theoretically, Palantir can use this specific opening to help the health care industry as a whole involve more sophisticated data analysis in its workflows.
It also appears set to earn more business going forward from exciting futuristic military operations such as the new Space Force. LTR Stock Verdict The question at the end of the day is whether this serves as an inflection point for Palantir.
Simply put, Palantir hasn’t generated enough revenue, and certainly not at good enough profit margins, to justify its current valuation. In this sort of stock market, a hot software company like Palantir can trade above fair value for a considerable period of time.
Unless Palantir can generate far stronger operating numbers in coming quarters, however, this stock rally is bound to reverse itself. If management’s optimism about COVID-19 expanding the marketplace is correct, that’d make a big difference.
On the date of publication, Ian Bezel did not have (either directly or indirectly) any positions in the securities mentioned in this article. He also worked as a Junior Analyst for Kerrisdale Capital, a $300 million New York City-based hedge fund.
Automakers and electronic makers are facing a global shortage of chips as consumer demand has been bouncing back from the coronavirus pandemic, causing manufacturing delays.