This one is going to be big this week. On Thursday, October 22nd, Amazon.com Inc. (NasdaqGS: AMZN) announces its earnings for its fiscal quarter ending September 30, 2015. Walmart just days ago disappointed. Will the same happen with Amazon? I noted news on Amazon going after fake reviewers that are paid for “Five Star Reviews.” I like that. What I don’t like is that they are always losing slightly, never really consolidating and making the Company profitable.
Personally, I don’t like how they are eliminating products from the website that compete with their Fire streaming products. They may have a great service with their streaming media available with Amazon Prime, but blocking the sale of Apple TV and Google Chromecast seemed more than a little petty. Personally, I always felt that Amazon Prime’s best streaming content was really targeted at getting people to sign up for Amazon Prime by blocking their access to episodes they missed of their favorite shows. I had Amazon Prime for a couple of years, but dropped it about six months ago and have never missed it. That’s just me. My wife does not agree, as she likes things she orders online to appear the next day. But we’ll leave the marital strife out of this (there is none, really).
The Buzz is already started, and we can assume it will only grow. Let’s see what others think about the earnings. As usual we will leave out the automated bots and professionals that think posting to Twitter thousands of times a day is a great business model.
The Buzz on AMZN – Pre-Earnings Edition:
WalMart mkt cap: under $200b
Amazon: $254b
Not even a contest anymore.
$WMT $AMZN
— Carl Quintanilla (@carlquintanilla) October 14, 2015
I see this one … ABOVE … retweeted a lot lately.
Derald has this great chart: (Odd first name, though)
Amazon $AMZN http://t.co/jraBWArK61 pic.twitter.com/vUlrl3UTIt
— Derald Muniz (@1nvestor) October 18, 2015
William Gambill Notes GOOG is also out Thursday, along with Amazon:
Big big week, $amzn and $goog calls for Thursday- earnings and my favorite teacher/class, Evidence midterm. Gonna crush this week!
— William Gambill (@WilliamGambill) October 18, 2015
The Grocery Service is now going to cost a bigger annual fee:
#Amazon ‘s grocery service now requires a $299 yearly membership http://t.co/X5eHr0DhTX $AMZN
— stockerblog (@stockerblog) October 18, 2015
This from Alene Vincent:
The fredwilson ‘winner takes most’ post is excellent, something we will be discussing at #stocktoberfest http://t.co/l9bgIgtHHM $fb $amzn
— Alene Vincent (@alenevince) October 18, 2015
The legal action on fake reviews:
$AMZN taking legal action against individuals posting fake reviews http://t.co/0YvaxXLoaU tip of the iceberg? $YELP $EXPE $FB $TWTR $GOOGL
— Barry Scott (@susracing) October 18, 2015
Carleton sees a split:
They gonna split this $AMZN soon
— Carleton, E. S. (@703trader) October 18, 2015
He adds…
$AMZN probably tags $600 this week
— Carleton, E. S. (@703trader) October 18, 2015
Scotti posted this:
$AMZN – Retail heavyweights gear up for long-term battle against Amazon http://t.co/ZizcTnwWr9
— scottidiego (@scottidiego) October 18, 2015
Swain is positive on AMAZON:
In last 2 yrs, almost everyone agrees $AMZN will win. SD is the latest noise maker. FK has lost already. $BABA is serious contender.
— Sampad Swain (@sampad) October 18, 2015