Bullish options flow was detected in AMZN stock on July 1, 2020, after a bullish report by StreamLabs.
According to a new report from Streamlabs and Stream Hatchet, Amazon’s (AMZN) “Twitch is still by far the leader in the live streaming industry. Streamlabs and Stream Hatchetsaid in part: “Last quarter, they set all-time highs for both hours watched, hours streamed, and average CCV. This quarter they broke all of them. Twitch’s prevalence as an industry leader will surely be attractive to Microsoft’s (MSFT) Mixer streamers looking for a new platform….Microsoft (MSFT) says Mixer will officially shut down on July 22. Mixer is teaming up with Facebook (FB) Gaming to give its users a new home; however, it is still unclear how many people will make the transition.
Twitch had a 62.7% increase in hours watched from Q1 to over 5B hours watched in Q2 The platform experienced a massive 62.7% increase in hours watched compared to the previous quarter and increased by 83.1% year over year. Twitch now represents 67.6% market share (up 2.6% from last quarter) compared to the other platforms…The number of unique channels on Twitch increased by 63.9% compared to the previous quarter and increased by 78.6% year over year…YouTube (GOOG,GOOGL) Gaming Live experienced a 39.6% increase in hours watched compared to last quarter, and now represents 20% of the market share (down 2% from last quarter)…The total hours watched on Facebook Gaming increased by 48.5% compared to last quarter and represents 11% of the market share (same as last quarter). Year-over-year, Facebook Gaming has tripled the total hours watched on the platform.” Source: https://blog.streamlabs.com/streamlabs-stream-hatchet-q2-2020-live-streaming-industry-report-44298e0d15bc
On June 30, 2020, Mizuho analyst James Lee raised the firm’s price target on Amazon.com to $3,100 from $2,550 and keeps a Buy rating on the shares. The analyst’s recent checks indicate that e-commerce is tracking ahead of expectations globally and that cloud computing is positioned to benefit from healthcare. Lee expects Amazon to “track ahead due to a strong rebound in nonessential items and improved logistics efficiency.” In addition, Amazon Web Services is poised to benefit from increased adoption by the healthcare industry, the analyst tells investors in a research note.
On June 30, 2020, Amazon announced plans to open its second facility in Ottawa, Ontario. The new fulfillment centre, which is anticipated to open in 2021, will create more than 1,000 new, full-time jobs starting at $16 an hour with comprehensive benefits and opportunities in an industry-leading workplace. This will be Amazon’s eighth facility in Ontario and its 14th fulfillment centre in Canada. At this new fulfillment centre, employees will work alongside Amazon robotics to pick, pack and ship small items to customers such as books, electronics and toys. This will be Amazon’s newest robotics fulfillment centre in Canada. Amazon is also planning five new delivery stations across Ontario in Whitby, Oakville, Cambridge, Brampton, and Scarborough, with the sites anticipated to launch in 2020. Delivery stations power the last mile of Amazon’s order fulfillment process. Packages are transported to delivery stations from Amazon fulfillment and sortation centers, and then loaded into vehicles for delivery to customers.