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The Zacks Analyst Blog Highlights: Amazon, Alphabet, TripAdvisor and Expedia
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For Immediate Release
Chicago, IL –February 19, 2019 – Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include: Amazon (AMZN - Free Report) , Alphabet (GOOGL - Free Report) , TripAdvisor (TRIP - Free Report) and Expedia Group (EXPE - Free Report) .
Here are highlights from Friday’s Analyst Blog:
What Will Amazon (AMZN - Free Report) Do Now that Long Island City Fell Through?
Amazonhas unexpectedly dropped its plans of building a second headquarter in the Queens borough of New York City. The decision comes following a month of city council grilling and objections raised by the locals, politicians and activists regarding its HQ2 plans in the city.
Notably, Amazon’s opposition to unionization and its willingness to work with U.S. Immigration and Customs Enforcement were primary reasons behind protests.
Moreover, some politicians were also against the $3 billion incentive or subsidy that the state had promised to grant the company for creating 25,000 jobs and investing around $2.5 billion in the city.
Economic Impact of the Move
Many are of the view that Amazon’s latest decision does not bode well for New York as the promise of 25,000 jobs fizzles out with the company discarding the plan.
Further, the city forgoes the huge tax revenues that the company would have generated with its Ney York City head quarter.
Further, many expected Amazon to negotiate a settlement with the state which would have aided its long-term goals and driven growth.
Consequently, both the company and state have lost economic value and growth opportunities.
Amazon’s Stance
However, Amazon remains confident of its decision of abandoning plans in New York despite massive concerns of incurring loss.
The company is of the opinion that such strong opposition from politicians and state officials is likely to act as hindrance in building a strong relationship with the state that is absolutely crucial for a project of this scale.
Moreover, scrapping off New York plans seems to be painless as it was not binding for the company to acquire or lease land for the project.
Reportedly, Amazon is currently not looking for a replacement location. Further, the company has decided to shift the technology jobs meant for New York project to its other offices across the United States and Canada.
We believe Amazon is likely to continue riding on its strong focus toward adding efficiency to business and expansion strategies. The company has plans to expand its existing New York offices in Brooklyn, Manhattan, and Staten Island.
Further, it will continue with its development plans of headquarter in Arlington, VA and a new Operations Center of Excellence in downtown Nashville, TN.
Long-term earnings growth rate for Alphabet, TripAdvisor and Expedia is pegged at 17.51%, 12% and 13.4%, respectively.
Zacks' Top 10 Stocks for 2019
In addition to the stocks discussed above, wouldn't you like to know about our 10 finest buy-and-holds for the year?
From more than 4,000 companies covered by the Zacks Rank, these 10 were picked by a process that consistently beats the market. Even during 2018 while the market dropped -5.2%, our Top 10s were up well into double-digits. And during bullish 2012 – 2017, they soared far above the market's +126.3%, reaching +181.9%.
This year, the portfolio features a player that thrives on volatility, an AI comer, and a dynamic tech company that helps doctors deliver better patient outcomes at lower costs. See Stocks Today >>
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 http://www.zacks.com/performance for information about the performance numbers displayed in this press release.
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The Zacks Analyst Blog Highlights: Amazon, Alphabet, TripAdvisor and Expedia
For Immediate Release
Chicago, IL –February 19, 2019 – Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include: Amazon (AMZN - Free Report) , Alphabet (GOOGL - Free Report) , TripAdvisor (TRIP - Free Report) and Expedia Group (EXPE - Free Report) .
Here are highlights from Friday’s Analyst Blog:
What Will Amazon (AMZN - Free Report) Do Now that Long Island City Fell Through?
Amazonhas unexpectedly dropped its plans of building a second headquarter in the Queens borough of New York City. The decision comes following a month of city council grilling and objections raised by the locals, politicians and activists regarding its HQ2 plans in the city.
Notably, Amazon’s opposition to unionization and its willingness to work with U.S. Immigration and Customs Enforcement were primary reasons behind protests.
Moreover, some politicians were also against the $3 billion incentive or subsidy that the state had promised to grant the company for creating 25,000 jobs and investing around $2.5 billion in the city.
Economic Impact of the Move
Many are of the view that Amazon’s latest decision does not bode well for New York as the promise of 25,000 jobs fizzles out with the company discarding the plan.
Further, the city forgoes the huge tax revenues that the company would have generated with its Ney York City head quarter.
Further, many expected Amazon to negotiate a settlement with the state which would have aided its long-term goals and driven growth.
Consequently, both the company and state have lost economic value and growth opportunities.
Amazon’s Stance
However, Amazon remains confident of its decision of abandoning plans in New York despite massive concerns of incurring loss.
The company is of the opinion that such strong opposition from politicians and state officials is likely to act as hindrance in building a strong relationship with the state that is absolutely crucial for a project of this scale.
Moreover, scrapping off New York plans seems to be painless as it was not binding for the company to acquire or lease land for the project.
Reportedly, Amazon is currently not looking for a replacement location. Further, the company has decided to shift the technology jobs meant for New York project to its other offices across the United States and Canada.
We believe Amazon is likely to continue riding on its strong focus toward adding efficiency to business and expansion strategies. The company has plans to expand its existing New York offices in Brooklyn, Manhattan, and Staten Island.
Further, it will continue with its development plans of headquarter in Arlington, VA and a new Operations Center of Excellence in downtown Nashville, TN.
Zacks Rank & Stocks to Consider
Currently, Amazon carries a Zacks Rank #3 (Hold).
Some better-ranked stocks in the broader technology sector are Alphabet, TripAdvisor and Expedia Group. All the three stocks carry a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Long-term earnings growth rate for Alphabet, TripAdvisor and Expedia is pegged at 17.51%, 12% and 13.4%, respectively.
Zacks' Top 10 Stocks for 2019
In addition to the stocks discussed above, wouldn't you like to know about our 10 finest buy-and-holds for the year?
From more than 4,000 companies covered by the Zacks Rank, these 10 were picked by a process that consistently beats the market. Even during 2018 while the market dropped -5.2%, our Top 10s were up well into double-digits. And during bullish 2012 – 2017, they soared far above the market's +126.3%, reaching +181.9%.
This year, the portfolio features a player that thrives on volatility, an AI comer, and a dynamic tech company that helps doctors deliver better patient outcomes at lower costs.
See Stocks Today >>
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Zacks Investment Research
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support@zacks.com
http://www.zacks.com
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 http://www.zacks.com/performance for information about the performance numbers displayed in this press release.