Jefferies' Corey Tarlowe on how Walmart is navigating tariff uncertainty
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Grocery News Has Amazon Stock Delivering Gains. Does It Have a 'New Narrative' Now?
Amazon's got some mojo. The tech and retail giant's stock has been a middling performer among the big names for much of the year. It was essentially flat in the first half, while a popular Magnificent 7 exchange-traded fund moved higher and both underperformed the benchmark S&P 500. More recently, shares of Amazon (AMZN) have shown substantial life. They finished Thursday up nearly 3%, extending Wednesday gains and leaving them just over 5% for the year—fifth-best among the group of seven tech giants year-to-date. Behind the latest bump: enthusiasm for yesterday's announcement that it would extend a move into fast delivery of fresh groceries, seen as a shot across the bows of other retailers and delivery companies. (Think Walmart (WMT), Instacart (CART) and Kroger (KR), for example.) Several Wall Street analysts applauded the move, which followed a second-quarter earnings announcement that disappointed some investors. "Fresh grocery has been a significant missing piece in Amazon's offering [versus] competitors," Bank of America wrote, naming Walmart and Target (TGT). "With better grocery capabilities, Amazon should see important customer frequency benefits and potential lock-in." Is There a 'New Narrative' for Amazon? Morgan Stanley estimates that offline grocery spending is worth about $1.5 trillion in the U.S., or nearly half of all offline consumer spending. Fresh and perishable goods, they write, are about 45% of that total; Amazon, they said, was at risk of losing grocery market share before its latest move. Better grocery service could also boost the value of Prime membership, according to JP Morgan analysts, who think the company could raise membership prices next year without significantly causing churn or eating into customer acquisition. Amazon is widely liked by Street analysts, who according to Visible Alpha are unanimously bullish. The current consensus price target, near $262, suggests a roughly 13% premium to Thursday's close. That's a solid enough outlook—to be sure, some Magnificent Seven stocks managed double-digit gains in the first half of 2025 alone—but CNBC's Jim Cramer, to name one observer, is now talking about a "new narrative" for the company. Based on the stock's latest rise, investors were eager to hear one. Read the original article on Investopedia Sign in to access your portfolio
CNBC
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Small-caps are finally setting up for the market breadth expansion, says Needham's Chris Retzler
Needham's Chris Retzler joins 'Closing Bell Overtime' to talk how to play the small-cap space and where there may be opportunities.
CNBC
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S&P 500 ekes out another record close today
Bob Elliott, Unlimited CEO and Kristina Hooper, Man Group Chief Market Strategist, joins 'Closing Bell Overtime' to talk the day's market action.
