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) to Open Second Fulfillment Center in Stockton
Read MoreHide Full Article
Amazon.com Inc. (AMZN - Free Report) announced plans to open its second fulfillment center in Stockton, in order to meet the growing demand in the online shopping space.
According to Amazon, the new facility, spanning one-million square foot, will create more than 1,000 full-time jobs. The center will primarily focus on items such as patio furniture, bikes, outdoor equipment and rugs.
Since the last few years, the company has been spending heavily on its new fulfillment centers. Fulfillment centers are giant warehouses that help online retailers store and ship products, as well as handle returns quickly. These are important for providing the level of service that customers have started expecting from Amazon.
Over the past year, the company has outperformed the industry it belongs to. Shares of Amazon have gained 96.5% compared with the industry’s growth of 37.9%.
More on the Headlines
The world’s largest online retailer has been strengthening its presence in California, having invested more than $19 billion in the state since 2011. Over the last few years, Amazon announced the opening of multiple facilities in the state, given healthy business environment and skilled manpower. Amazon’s other fulfillment facilities in Central and Northern California are located in Fresno, Newark, Patterson, Sacramento, Tracy and Vacaville.
To date, Amazon has created more than 39,000 full-time jobs in California and continues to hire manpower to meet the growing customer demand.
Amazon stated that it pays competitive wages and provides healthcare along with other full-time benefits. In addition, the company offers programs like Career Choice to help employees pursue courses related to fields that are in demand. The online giant also provides other benefits like generous maternity and parental leaves.
Our Take
The world’s largest online retailer has been strengthening its presence all over the world.
In our view, Amazon must maintain its U.S. market share while expanding globally to retain its leading position. To this end, the company needs to invest more in fulfillment, as well as technology and content, especially in international markets with less penetration and higher growth rates.
Though increased expenses may hurt Amazon’s bottom line in the near term, we believe that this is necessary to maintain its dominance in this highly competitive market.
Long-term earnings growth for Infineon Technologies, ON Semiconductor and Rambus is currently projected to be 7.5%, 13.2% and 10%, respectively.
5 Companies Verge on Apple-Like Run
Did you miss Apple's 9X stock explosion after they launched their iPhone in 2007? Now 2018 looks to be a pivotal year to get in on another emerging technology expected to rock the market. Demand could soar from almost nothing to $42 billion by 2025. Reports suggest it could save 10 million lives per decade which could in turn save $200 billion in U.S. healthcare costs. A bonus Zacks Special Report names this breakthrough and the 5 best stocks to exploit it. Like Apple in 2007, these companies are already strong and coiling for potential mega-gains.
Image: Bigstock
Amazon (AMZN) to Open Second Fulfillment Center in Stockton
Amazon.com Inc. (AMZN - Free Report) announced plans to open its second fulfillment center in Stockton, in order to meet the growing demand in the online shopping space.
According to Amazon, the new facility, spanning one-million square foot, will create more than 1,000 full-time jobs. The center will primarily focus on items such as patio furniture, bikes, outdoor equipment and rugs.
Since the last few years, the company has been spending heavily on its new fulfillment centers. Fulfillment centers are giant warehouses that help online retailers store and ship products, as well as handle returns quickly. These are important for providing the level of service that customers have started expecting from Amazon.
Over the past year, the company has outperformed the industry it belongs to. Shares of Amazon have gained 96.5% compared with the industry’s growth of 37.9%.
More on the Headlines
The world’s largest online retailer has been strengthening its presence in California, having invested more than $19 billion in the state since 2011. Over the last few years, Amazon announced the opening of multiple facilities in the state, given healthy business environment and skilled manpower. Amazon’s other fulfillment facilities in Central and Northern California are located in Fresno, Newark, Patterson, Sacramento, Tracy and Vacaville.
To date, Amazon has created more than 39,000 full-time jobs in California and continues to hire manpower to meet the growing customer demand.
Amazon stated that it pays competitive wages and provides healthcare along with other full-time benefits. In addition, the company offers programs like Career Choice to help employees pursue courses related to fields that are in demand. The online giant also provides other benefits like generous maternity and parental leaves.
Our Take
The world’s largest online retailer has been strengthening its presence all over the world.
In our view, Amazon must maintain its U.S. market share while expanding globally to retain its leading position. To this end, the company needs to invest more in fulfillment, as well as technology and content, especially in international markets with less penetration and higher growth rates.
Though increased expenses may hurt Amazon’s bottom line in the near term, we believe that this is necessary to maintain its dominance in this highly competitive market.
Amazon.com, Inc. Price and Consensus
Amazon.com, Inc. Price and Consensus | Amazon.com, Inc. Quote
Zacks Rank & Other Stocks to Consider
Amazon currently carries a Zacks Rank #2 (Buy). Other top-ranked stocks in the same industry include Infineon Technologies AG (IFNNY - Free Report) , ON Semiconductor Corporation (ON - Free Report) and Rambus Inc. (RMBS - Free Report) , each carrying a Zacks Rank #2. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Long-term earnings growth for Infineon Technologies, ON Semiconductor and Rambus is currently projected to be 7.5%, 13.2% and 10%, respectively.
5 Companies Verge on Apple-Like Run
Did you miss Apple's 9X stock explosion after they launched their iPhone in 2007? Now 2018 looks to be a pivotal year to get in on another emerging technology expected to rock the market. Demand could soar from almost nothing to $42 billion by 2025. Reports suggest it could save 10 million lives per decade which could in turn save $200 billion in U.S. healthcare costs. A bonus Zacks Special Report names this breakthrough and the 5 best stocks to exploit it. Like Apple in 2007, these companies are already strong and coiling for potential mega-gains.
Click to see them right now >>