Progressive Investment Management Corp Reduces Amazon Holdings
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Progressive Investment Management Corp, managed by Carsten Henningsen, recently executed a significant transaction involving Amazon.Com, Inc. ((AMZN)). The hedge fund reduced its position by 1,516 shares.
Spark's Take on AMZN Stock
According to Spark, TipRanks' AI Analyst, AMZN is a Outperform.
Amazon's strong financial performance and positive earnings call are the most significant factors driving the stock score. The technical analysis suggests positive momentum, but caution is warranted due to near overbought conditions. The high P/E ratio indicates that the stock might be overvalued, but strong growth prospects, especially in AWS and advertising, provide a solid foundation for future performance. The absence of significant corporate events or dividend yield slightly tempers the outlook.
To see Spark's full report on AMZN stock, click here.
More about Amazon.Com, Inc.
YTD Price Performance: 4.90%
Average Trading Volume: 41,410,288
Current Market Cap: $2471.4B
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The Market Online
5 minutes ago
- The Market Online
Is this the buying opportunity of the year? Amazon, Bank of America, Almonty Industries
Correction and comeback – on the stock market, this sequence is not always guaranteed. Sometimes a correction is also just the beginning of the end. This is especially true when business models lack substance and visions for the future burst like soap bubbles. However, corrections are often followed by spectacular comebacks that propel stocks into entirely new realms. We show that even stock market veterans like Amazon and Bank of America have tested the nerves of shareholders in the past, and draw parallels with the recent developments at tungsten producer Almonty Industries (TSX:AII). Here, too, there are many indications that, in retrospect, the past few days are nothing more than a minor blip on the chart. History has shown that, ultimately, the facts are what truly matter. This article is disseminated in partnership with Apaton Finance GmbH. It is intended to inform investors and should not be taken as a recommendation or financial advice. In 2000, the market believed Amazon would go bankrupt – We all know how that ended 'A shady operation!' 'A shaky business model!' 'A hyped-up stock that will never turn a profit!' At the beginning of the 2000s, the dot-com bubble burst and even Amazon was caught in the downward spiral. Would customers really be willing to order books, CDs, and possibly even other items online? The market had its doubts at the time and sent Amazon's stock from USD 100 to below USD 10 between 1997 and 2000. And today? Adjusted for splits and other capital measures, Amazon reached an all-time high of USD 3,700 in February of this year.** Those who bought at under USD 10 saw their investment increase by a factor of 370, with USD 1,000 turning into USD 370,000. In 2000, the market valued all e-commerce companies equally – the bubble had burst. However, investors ignored the fact that Amazon was only in its early stages. Even back then, it was obvious that Amazon would gradually want to offer more products in its online shop. Its market share in books and CDs grew steadily. Years later, the Company even entered the streaming market, leveraging its market power in e-commerce – anyone who wanted to save on shipping costs and receive fast deliveries in the future had to become a Prime customer and received Amazon's streaming service for free. Back when Prime was rolled out between 2005 and 2007, the advantages of streaming were not yet apparent, customers were not yet ready and preferred to go to the video store. Thanks to Prime's combination offer, Amazon reached customers nonetheless. And today? Prime is one of Amazon's strongest brands. The Bank of America has also seen some dark weeks in its share price history: During the financial crisis, its share price plummeted from USD 50 to around USD 3. Write-downs and state aid sent the share price down. Long-standing shareholders had to take a hefty hit at the time as a result of capital measures. Since the funds were only used to plug holes in the balance sheet, there was no vision for the future. And today? Bank of America is considered one of the most profitable major banks in the US. Its return on equity and return on total assets are above industry average, and loan defaults are low. The bank has also become a leading provider of banking technology, with innovative mobile banking apps and AI-powered customer service, among other things. These strengths are paying off: In the second quarter of 2025, Bank of America increased its profit to USD 7.1 billion, exceeding analysts' expectations. The share price is around USD 47.** The horror weeks of the financial crisis? Long forgotten! Almonty Industries: Massive Sangdong mine secures tungsten supply for the West The recent decline in the share price of tungsten producer Almonty Industries came not long after its successful listing and capital raise on the US stock exchange Nasdaq. The share price entered a consolidation phase and is now trading below the issue price of the new shares – a price at which institutional investors acquired a stake in Almonty in mid-July. The capital increase brought USD 90 million into Almonty's coffers and is intended to finance the planned processing plant at the Sangdong mine. The Sangdong mine itself is scheduled to go into production in the coming months. It represents the only tungsten project in the West that can break the dependence on China, North Korea, and Russia for this critical metal. From 2027, Sangdong alone could account for around 40% of the tungsten supply outside China. The processing plant, financed just two weeks ago, will allow the Company to unlock even more value from the mine** – since processed tungsten commands significantly higher prices. Unlike the capital measures implemented by companies like Bank of America during the financial crisis, Almonty stands to benefit significantly from the issuance of new shares. Projects, unique knowledge, long-term strategy: Almonty does it like Amazon In any case, the situation Almonty currently finds itself in is rather comparable to Amazon's situation at the turn of the millennium. The team led by CEO Lewis Black is aware of the potential of the business model and knows about the unparalleled starting position. In addition to the unique Sangdong mine, Almonty has also been operating the Panasqueira mine in Portugal for years and is financing a research laboratory for tungsten. Panasqueira has been producing for more than a hundred years, and some miners have knowledge that has been passed down for generations. It is important to note that the extraction and processing of tungsten is considered extremely demanding – those who do not know how to do it will never make a good business out of this heavy metal, which is indispensable for armaments and high-tech applications. The hard numbers speak for themselves: according to Lewis Black's conservatively calculated feasibility study, Sangdong's production costs are estimated at just USD 110 to USD 120 per MTU – no mine in the world produces at such a low cost. In comparison, the production costs of state-owned Chinese tungsten mines are between USD 205 and USD 245 per MTU. One key reason for this, apart from the less favorable geology, is that the Chinese companies, which have been subsidized for many years, have never learned to mine efficiently under real market conditions. Almonty, on the other hand, is working with its experienced staff to further reduce costs and continuously optimize processes. The processing plant, which recently attracted investment from recognized industry professionals, is expected to open up additional potential. Will Almonty become the US's tungsten supplier? Parallels with MP Materials Since there are no tungsten companies comparable to Almonty (TSX:AII) anywhere in the world, the US government has already put out feelers to Almonty – among other things, the US Congress sent a letter to the Company emphasizing its strategic relevance for the US. Just a few weeks ago, the US Department of Defense and Apple invested in MP Materials, a company comparable to Almonty but focused on extracting critical rare earths. The share price has since doubled from an already high level. MP Materials is now worth more than USD 10 billion. Almonty, by comparison, has a valuation of around one-tenth of that. After weeks of volatility, which is nothing unusual following comparable capital measures, Almonty shareholders and all interested parties on the sidelines must now ask: What is next for the stock? Will Almonty leverage its knowledge and market position the way Amazon did some 25 years ago, or will it fade into obscurity like many dot-com companies of the time? And what about the industrial customers who have already signed off-take agreements with Almonty, featuring minimum prices but no caps? Are we to believe they do not understand the business? The uniqueness of the Sangdong project, the lack of competition, including high barriers to market entry, the team's expertise, and the long-term strategic vision of Lewis Black, who founded Almonty back in 2011, are convincing arguments in favor of the Amazon scenario. Right now, investors still have the opportunity to buy in at a lower price than the Wall Street pros, who paid USD 4.50 for the new shares around two weeks ago. You can watch the interview with Lyndsay Malchuk and Lewis Black, which also covers MP Materials here. Conflict of interest Pursuant to §85 of the German Securities Trading Act (WpHG), we point out that Apaton Finance GmbH as well as partners, authors or employees of Apaton Finance GmbH (hereinafter referred to as 'Relevant Persons') currently hold or hold shares or other financial instruments of the aforementioned companies and speculate on their price developments. In this respect, they intend to sell or acquire shares or other financial instruments of the companies (hereinafter each referred to as a 'Transaction'). Transactions may thereby influence the respective price of the shares or other financial instruments of the Company. In this respect, there is a concrete conflict of interest in the reporting on the companies. In addition, Apaton Finance GmbH is active in the context of the preparation and publication of the reporting in paid contractual this reason, there is also a concrete conflict of interest. The above information on existing conflicts of interest applies to all types and forms of publication used by Apaton Finance GmbH for publications on companies. Risk notice Apaton Finance GmbH offers editors, agencies and companies the opportunity to publish commentaries, interviews, summaries, news and the like on These contents are exclusively for the information of the readers and do not represent any call to action or recommendations, neither explicitly nor implicitly they are to be understood as an assurance of possible price developments. The contents do not replace individual expert investment advice and do not constitute an offer to sell the discussed share(s) or other financial instruments, nor an invitation to buy or sell such. 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Globe and Mail
5 minutes ago
- Globe and Mail
Zacks.com featured highlights Disney, BJ's Wholesale Club, Ralph Lauren and McKesson
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Investors must carefully review a company's financial health to make informed decisions, especially in today's unpredictable market. While sales and earnings are often the go-to metrics, they can sometimes be misleading and may not show whether a company has the financial strength to cover its obligations. This is where the coverage ratio holds the key — a higher ratio signals that a company is more capable of meeting its financial commitments. The Walt Disney Co., BJ's Wholesale Club Holdings, Inc., Ralph Lauren Corp. and McKesson Corp. have impressive interest coverage ratios. Why Interest Coverage Ratio? The interest coverage ratio is used to determine how effectively a company can pay interest charges on its debt. Debt, which is crucial to financing operations for the majority of companies, comes at a cost called interest. Interest expense has a direct bearing on the profitability of a company. 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You can get the rest of the stocks on this list by signing up now for your 2-week free trial to the Research Wizard and start using this screen in your own trading. Further, you can also create your own strategies and back test them first before taking the investment plunge. The Research Wizard is a great place to begin. It's easy to use. Everything is in plain language. And it's very intuitive. Start your Research Wizard trial today. And the next time you read an economic report, open up the Research Wizard, plug your finds in, and see what gems come out. Click here to sign up for a free trial to the Research Wizard today. For the rest of this Screen of the Week article please visit at: Follow us on Twitter: Zacks Investment Research is under common control with affiliated entities (including a broker-dealer and an investment adviser), which may engage in transactions involving the foregoing securities for the clients of such affiliates. Contact: Jim Giaquinto Company: Phone: 312-265-9268 Email: pr@ Visit: provides investment resources and informs you of these resources, which you may choose to use in making your own investment decisions. Zacks is providing information on this resource to you subject to the Zacks "Terms and Conditions of Service" disclaimer. Past performance is no guarantee of future results. Inherent in any investment is the potential for loss. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit for information about the performance numbers displayed in this press release. Only $1 to See All Zacks' Buys and Sells We're not kidding. Several years ago, we shocked our members by offering them 30-day access to all our picks for the total sum of only $1. No obligation to spend another cent. Thousands have taken advantage of this opportunity. Thousands did not - they thought there must be a catch. Yes, we do have a reason. We want you to get acquainted with our portfolio services like Surprise Trader, Stocks Under $10, Technology Innovators, and more, that closed 256 positions with double- and triple-digit gains in 2024 alone. See Stocks Now >> Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. McKesson Corporation (MCK): Free Stock Analysis Report BJ's Wholesale Club Holdings, Inc. (BJ): Free Stock Analysis Report Ralph Lauren Corporation (RL): Free Stock Analysis Report The Walt Disney Company (DIS): Free Stock Analysis Report
Globe and Mail
5 minutes ago
- Globe and Mail
Zacks.com featured highlights Amazon.com, Alphabet and Meta Platforms
For Immediate Release Chicago, IL – August 5, 2025 – The stocks in this week's article are Inc. AMZN, Alphabet Inc. GOOGL and Meta Platforms, Inc. META. Watch These 3 "Mag 7" Stocks Showing Positive Momentum Richard Driehaus has secured a spot in Barron's All-Century Team thanks to a strategy based on the "buy high and sell higher" theory. This approach is undeniably effective for selecting top momentum stocks. To that end, the magnificent seven stocks like Inc., Alphabet Inc. and Meta Platforms, Inc. have been selected as the momentum picks for the day using the Driehaus strategy. A Detailed Look Into the Driehaus Strategy Regarding the strategy, Driehaus once said, 'I would much rather invest in a stock that's increasing in price and take the risk that it may begin to decline than invest in a stock that's already in decline and try to guess when it will turn around.' In line with this insight, the American Association of Individual Investors ('AAII') considered the percentage 50-day moving average as one of the key criteria before creating a portfolio following Driehaus' philosophy. It is calculated by dividing the numerator (month-end price minus 50-day moving average of month-end price) by the 50-day moving average of the month-end price. Another momentum indicator — positive relative strength — has also been included in this strategy. A positive percentage 50-day moving average indicates that the stock is trading at a price higher than its 50-day moving average level, indicating an uptrend. Moreover, AAII found that Driehaus primarily focuses on strong earnings growth rates and impressive earnings projections to pick potential outperformers. Companies with a strong history of beating estimates are also given importance in this strategy, which was made to provide better returns over the long term. Here are three of the 13 stocks: Amazon Amazon engages in the retail sale of consumer products, advertising and subscription services through online and physical stores in North America and internationally. Amazon has a Momentum Score of A. The trailing four-quarter earnings surprise for AMZN is 23%, on average. Alphabet Alphabet provides a range of products and platforms across multiple regions, including the United States, Europe, the Middle East, Africa, the Asia-Pacific, Canada and Latin America. Alphabet has a Momentum Score of B. The trailing four-quarter earnings surprise for GOOGL is 16%, on average. Meta Platforms Meta Platforms focuses on creating products that allow individuals to connect and share with friends and family using mobile devices, personal computers, virtual reality, mixed reality headsets, augmented reality and wearables globally. Meta Platforms has a Momentum Score of A. The trailing four-quarter earnings surprise for META is 20.5%, on average. You can get the rest of the stocks on this list by signing up now for your 2-week free trial to the Research Wizard and start using this screen in your own trading. Further, you can also create your own strategies and test them first before taking the investment plunge. The Research Wizard is a great place to begin. It's easy to use. Everything is in plain language. And it's very intuitive. Start your Research Wizard trial today. And the next time you read an economic report, open up the Research Wizard, plug your finds in, and see what gems come out. Click here to sign up for a free trial to the Research Wizard today. For the rest of this Screen of the Week article please visit at: Follow us on Twitter: Join us on Facebook: Zacks Investment Research is under common control with affiliated entities (including a broker-dealer and an investment adviser), which may engage in transactions involving the foregoing securities for the clients of such affiliates. Contact: Jim Giaquinto Company: Phone: 312-265-9268 Email: pr@ Visit: provides investment resources and informs you of these resources, which you may choose to use in making your own investment decisions. Zacks is providing information on this resource to you subject to the Zacks "Terms and Conditions of Service" disclaimer. Past performance is no guarantee of future results. Inherent in any investment is the potential for loss. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit for information about the performance numbers displayed in this press release. Only $1 to See All Zacks' Buys and Sells We're not kidding. Several years ago, we shocked our members by offering them 30-day access to all our picks for the total sum of only $1. No obligation to spend another cent. Thousands have taken advantage of this opportunity. Thousands did not - they thought there must be a catch. Yes, we do have a reason. We want you to get acquainted with our portfolio services like Surprise Trader, Stocks Under $10, Technology Innovators, and more, that closed 256 positions with double- and triple-digit gains in 2024 alone. See Stocks Now >> Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Inc. (AMZN): Free Stock Analysis Report Alphabet Inc. (GOOGL): Free Stock Analysis Report Meta Platforms, Inc. (META): Free Stock Analysis Report
