We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Amazon (AMZN) Expands Whole Foods Delivery in New York City
Read MoreHide Full Article
Amazon (AMZN - Free Report) just made busy New Yorkers’ dreams come true. People living in New York City can now get Whole Foods delivered to their doors within two hours for free through Amazon’s Prime Now service.
Prime Now offers fresh produce, meat, seafood and locally sourced products from Whole Foods Market. When this delivery service first launched in February, it started in four cities. Now, the service is available in 24 cities, with New York City being one of them from today on.
Prime members living in lower Manhattan and Brooklyn can access the service first. According to Amazon, other NYC neighborhoods will eventually be added throughout this year, along with other parts of the U.S. With this fast-paced expansion, growth prospects look promising.
However, Amazon isn’t the only retail giant with a speedy delivery service. Walmart (WMT - Free Report) launched its own delivery service, just like that of Amazon, earlier this year. By the end of 2018, Walmart said it hopes its service will be accessible to at least 40 percent of U.S. households.
Although this grocery delivery service business is an option that may come in handy in our convenience-and technology-focused world, it’s still a nascent trend. Only about 2 percent of Americans actually have their groceries delivered, meaning traditional grocery stores are safe—for now. But of course, as more of these trendy services become available to U.S. households, that number is subject to grow.
Amazon’s stock currently holds a Zacks Rank #2 (Buy). Shares of Amazon climbed more than 1.5 percent Tuesday to $1,829.24. The stock has rallied more than 70 percent from a year ago, having recently hit an all-time high of $1,858 last week.
The Hottest Tech Mega-Trend of All
Last year, it generated $8 billion in global revenues. By 2020, it's predicted to blast through the roof to $47 billion. Famed investor Mark Cuban says it will produce "the world's first trillionaires," but that should still leave plenty of money for regular investors who make the right trades early.
Image: Bigstock
Amazon (AMZN) Expands Whole Foods Delivery in New York City
Amazon (AMZN - Free Report) just made busy New Yorkers’ dreams come true. People living in New York City can now get Whole Foods delivered to their doors within two hours for free through Amazon’s Prime Now service.
Prime Now offers fresh produce, meat, seafood and locally sourced products from Whole Foods Market. When this delivery service first launched in February, it started in four cities. Now, the service is available in 24 cities, with New York City being one of them from today on.
Prime members living in lower Manhattan and Brooklyn can access the service first. According to Amazon, other NYC neighborhoods will eventually be added throughout this year, along with other parts of the U.S. With this fast-paced expansion, growth prospects look promising.
However, Amazon isn’t the only retail giant with a speedy delivery service. Walmart (WMT - Free Report) launched its own delivery service, just like that of Amazon, earlier this year. By the end of 2018, Walmart said it hopes its service will be accessible to at least 40 percent of U.S. households.
Although this grocery delivery service business is an option that may come in handy in our convenience-and technology-focused world, it’s still a nascent trend. Only about 2 percent of Americans actually have their groceries delivered, meaning traditional grocery stores are safe—for now. But of course, as more of these trendy services become available to U.S. households, that number is subject to grow.
Amazon’s stock currently holds a Zacks Rank #2 (Buy). Shares of Amazon climbed more than 1.5 percent Tuesday to $1,829.24. The stock has rallied more than 70 percent from a year ago, having recently hit an all-time high of $1,858 last week.
The Hottest Tech Mega-Trend of All
Last year, it generated $8 billion in global revenues. By 2020, it's predicted to blast through the roof to $47 billion. Famed investor Mark Cuban says it will produce "the world's first trillionaires," but that should still leave plenty of money for regular investors who make the right trades early.
See Zacks' 3 Best Stocks to Play This Trend >>