Amazon and General Motors are currently negotiating a deal valued at $1 - $2 billion with Rivian Automotive LLC, a Michigan-based start-up specializing in electric pickup truck manufacturing. Rivian intends to begin selling its R1T, the pickup it debuted in November, in the fall of 2020.
If successful, this deal will give minority stakes to both Amazon and GM, but will be a milestone for Rivian as it aspires to be the first car maker in the U.S with electric pickup. If the negotiations conclude successfully, a deal could be announced as early as this month.
Tesla, currently the world’s biggest electric car maker, may have a tough time competing with this deal as it is already struggling to balance the production and profits of its flagship Model 3 sedan. However, Tesla’s CEO already has plans to launch its own electric pickup right after its Model Y starts production in 2020. He further adds an electric pickup is ‘probably my personal favorite for the next product.’
As for Amazon, the company has already invested $530 million in self-driving car start up Aurora. Over the years the world’s largest online retailer has steadily increased its logistics footprint, by building warehouses across the globe and by striking deals with car-makers like Mercedes as well as cargo airlines to help with its delivery.
The Moving Average Convergence Divergence (MACD) for AMZN turned positive on May 03, 2024. Looking at past instances where AMZN's MACD turned positive, the stock continued to rise in of 48 cases over the following month. The odds of a continued upward trend are .
The Momentum Indicator moved above the 0 level on May 02, 2024. You may want to consider a long position or call options on AMZN as a result. In of 78 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .
AMZN moved above its 50-day moving average on May 01, 2024 date and that indicates a change from a downward trend to an upward trend.
The 10-day moving average for AMZN crossed bullishly above the 50-day moving average on May 03, 2024. This indicates that the trend has shifted higher and could be considered a buy signal. In of 18 past instances when the 10-day crossed above the 50-day, the stock continued to move higher over the following month. The odds of a continued upward trend are .
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where AMZN advanced for three days, in of 336 cases, the price rose further within the following month. The odds of a continued upward trend are .
AMZN may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.
The Aroon Indicator entered an Uptrend today. In of 289 cases where AMZN Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .
The 10-day RSI Indicator for AMZN moved out of overbought territory on April 12, 2024. This could be a bearish sign for the stock. Traders may want to consider selling the stock or buying put options. Tickeron's A.I.dvisor looked at 45 similar instances where the indicator moved out of overbought territory. In of the 45 cases, the stock moved lower in the following days. This puts the odds of a move lower at .
The Stochastic Oscillator has been in the overbought zone for 1 day. Expect a price pull-back in the near future.
Following a 3-day decline, the stock is projected to fall further. Considering past instances where AMZN declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating outstanding price growth. AMZN’s price grows at a higher rate over the last 12 months as compared to S&P 500 index constituents.
The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating low risk on high returns. The average Profit vs. Risk Rating rating for the industry is 91, placing this stock better than average.
The Tickeron Seasonality Score of (best 1 - 100 worst) indicates that the company is fair valued in the industry. The Tickeron Seasonality score describes the variance of predictable price changes around the same period every calendar year. These changes can be tied to a specific month, quarter, holiday or vacation period, as well as a meteorological or growing season.
The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating strong sales and a profitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.
The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is significantly overvalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: AMZN's P/B Ratio (8.945) is slightly higher than the industry average of (3.884). P/E Ratio (52.160) is within average values for comparable stocks, (65.633). Projected Growth (PEG Ratio) (2.047) is also within normal values, averaging (2.064). Dividend Yield (0.000) settles around the average of (0.025) among similar stocks. P/S Ratio (3.332) is also within normal values, averaging (10.577).
The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to worse than average earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
a provider of on-line retail shopping services
Industry InternetRetail