Amazon (AMZN) Offering Possible 31.58% Return Over the Next 10 Calendar Days

Amazon's most recent trend suggests a bullish bias. One trading opportunity on Amazon is a Bull Put Spread using a strike $1865.00 short put and a strike $1855.00 long put offers a potential 31.58% return on risk over the next 10 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $1865.00 by expiration. The full premium credit of $2.40 would be kept by the premium seller. The risk of $7.60 would be incurred if the stock dropped below the $1855.00 long put strike price.

The 5-day moving average is moving up which suggests that the short-term momentum for Amazon is bullish and the probability of a rise in share price is higher if the stock starts trending.

The 20-day moving average is moving up which suggests that the medium-term momentum for Amazon is bullish.

The RSI indicator is at 73.99 level which suggests that the stock is neither overbought nor oversold at this time.

To learn how to execute such a strategy while accounting for risk and reward in the context of smart portfolio management, and see how to trade live with a successful professional trader, view more here

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LATEST NEWS for Amazon

‘1917’ Wins Top Golden Globe as Netflix Favorites Fall Short
Mon, 06 Jan 2020 08:02:15 +0000
(Bloomberg) — The Golden Globes lived up to their reputation as Hollywood’s most unpredictable awards show.“1917,” a World War I epic from director Sam Mendes and Universal Pictures, won the prize for best drama Sunday from the Hollywood Foreign Press Association, inserting itself into an awards race just days ahead of its wide release in theaters. Mendes also took home the prize for best director.That was bad news for Netflix Inc. “1917” beat out four other pictures including three contenders from the streaming giant: “The Irishman,” “Marriage Story” and “The Two Popes.” Pundits had seen “The Irishman” as the frontrunner — not just Sunday night but at the Academy Awards next month. But Netflix won just two prizes on the night, one for its TV show “The Crown” and another for the film “Marriage Story.”The result is a scrambled race for the best-picture Oscar — Hollywood’s most-coveted prize — as nine different movies won awards out of the 14 Golden Globe categories, and no movie won more than three.If any film emerged as a frontrunner for the Oscars, it is Quentin Tarantino and Sony Corp.’s “Once Upon a Time… In Hollywood,” which won the Golden Globe for best film comedy. Tarantino also won best screenplay for his ode to 1960s Hollywood, while Brad Pitt won best supporting actor for his performance as a stunt double to the film’s lead actor Leonardo DiCaprio.“Thank you to the eclectic and ever raucous Hollywood Foreign Press Association,” Pitt said in accepting his award.Foreign JournalistsWhile the Oscars reflect the tastes of the people who work in Hollywood, the Globes are decided by a few dozen international journalists. They have always shown a preference for big names, leading to surprise winners.“1917,” which opened in select theaters in December, will go into wide release Jan 10. Winners in the big Golden Globe categories, best drama and best musical or comedy, have gone on to win best-picture Oscars five times over the past decade. Double winners include “Green Book,” “Moonlight,” and “Argo.”Complete List of Golden Globe WinnersAnd while the Golden Globes have never been the best predictor of Oscar glory, the top awards can extend a movie’s life at the box office, and a growing cadre of streaming services view them as a key way to bring in subscribers and attract talent for projects.Netflix has chased awards with particular gusto, spending tens of millions of dollars on campaigns and angering competitors. Awards voters were at first reluctant to acknowledge Netflix, which has upended Hollywood’s economics.Major theater chains refuse to show Netflix movies — because they become available for streaming so soon — and some major media companies have stopped selling their TV shows and films to the streaming giant.Filmmaker ResistanceBut resistance from filmmakers melted in the face of funding for their projects. A veritable who’s who of filmmakers, including Alfonso Cuaron, Martin Scorsese, Noah Baumbach and Ava DuVernay, has now made films for the company. The imprimatur of those lions of cinema has helped Netflix charm awards voters. The company received more Globes nominations than any other studio, and Cuaron won the Oscar for best director last year.“No one cares about cinema and no one watches network TV,” Globes host and comic actor Ricky Gervais in his opening monologue on the NBC telecast. “Everyone’s watching Netflix.”Everyone, that is, except members of the Hollywood Foreign Press Association. Netflix’s lavish spending and plethora of nominees didn’t result in many victories.Korean Victory“Parasite” won the Golden Globe for best foreign language film, the first South Korean movie to ever win that prize in the event’s 77-year history. Directed by Bong-Joon Ho, “Parasite” is a parable of class, family and privilege about a poor Korean family that insinuates itself into the lives of a wealthy family.‘Parasite’ Is Awarded Top Foreign Film at Golden GlobesThe film debuted in October to ecstatic reviews and was named the year’s best film by the National Society of Film Critics.The win boosts the Oscar odds of “Parasite,” which has the third-best shot at winning best picture according to Gold Derby. Winning the top prize is always a challenge for a foreign film, and foreign movies can’t even be nominated for the best drama or comedy at the globes.Unlike the Emmys and the Oscars, the Golden Globes honor both films and TV shows. HBO’s “Succession” was crowned best drama while Amazon’s “Fleabag” won best comedy.HBO won the most awards of any network, scoring four between “Succession,” a drama about a family that controls a media empire, and “Chernobyl,” a miniseries about a disaster at a nuclear plant accident in the old Soviet Union.Despite earning the most nominations of any network, Netflix only won one prize for TV shows. Apple Inc., a newcomer to the awards circuit, failed to win a statute in its first year competing at the Golden Globes.The iPhone maker earned three nominations for “The Morning Show,” its drama set behind the scenes of a TV news program upended when one of the hosts is accused of sexual harassment.Apple Chief Executive Officer Tim Cook attended the program, and was almost immediately subjected to a barb from Gervais, who returned as emcee for the fifth time — and the first since 2016.“Apple roared into the TV game with “The Morning Show,” a superb drama about the importance of dignity and doing the right thing made by a company that runs sweatshops in China,” Gervais said during a caustic opening monologue that also touched on pedophilia, Jeffrey Epstein and the celebrities caught up in a college admissions scandal.(Updates with past winners and wider Oscar comparison in eighth paragraph)\–With assistance from Jeff Sutherland.To contact the reporter on this story: Lucas Shaw in Los Angeles at lshaw31@bloomberg.netTo contact the editors responsible for this story: Nick Turner at nturner7@bloomberg.net, Rob Golum, Dave McCombsFor more articles like this, please visit us at bloomberg.com©2020 Bloomberg L.P.

Milkman Concept Revived By Dutch Online Supermarket Seeking Edge
Mon, 06 Jan 2020 08:00:00 +0000
(Bloomberg) — The milk float, a home-delivery service that evolved from horse-drawn carriages to early electric vehicles, belongs firmly in the past. Or does it?A little known Amsterdam-based online grocery company had revived the concept, but with a modern flourish.Picnic BV has a concept dubbed “Milkman 2.0” to deliver groceries using electric vehicles, focusing on less food waste and fewer food miles traveled. The company buys and delivers locally, with its vans going no faster that 50 kilometers per hour.“Our aim is create a sustainable infrastructure for food delivery,” Joris Beckers, the company’s 53-year-old co-founder, said in a phone interview.Founded in 2015, Picnic has unleashed a fleet of 1,000 electric vans on to the streets of the Netherlands and Germany and plans to add “hundreds more” by the end of 2020. The company says the delivery vehicle it has designed and produced is fully electric and “has no small particle emissions and prevents traffic due to its slim design.”Wealthy BackersBacked by investors including the investment arm of the entrepreneurial Fentener van Vlissingen family, the company raised 250 million euros ($278 million) in a new round of funding in November.Other backers include De Hoge Dennen Capital, the De Rijke family and Hoyberg, the investment arm of the Hoyer family, which is a shareholder of Heineken NV.“We are high growth, high risk, but in it for the long-term,” Beckers said.The company will use the cash to continue its growth and build a “robotised fulfilment center” for online groceries in Utrecht, Holland. The center will aim to process around 150,000 orders every week, it says.Building InfrastructureThe grocery-delivery market is intensely competitive, and Picnic’s concept is not entirely original. In the U.K., Ocado is among online supermarkets with no stores that delivers from its warehouses. In Germany, there’s Bringmeister.Picnic says it has a 5% market share in the most mature cities in which it is active. The grocery market in the Netherlands totals 40 billion euros and in Germany it’s 175 billion euros, according to the company.This year was a record for Picnic, which added almost 300,000 new customers in the Netherlands and Germany. Picnic’s annual revenue currently stands at about 300 million euros, but the company has its sights set on bigger things.A law graduate and a biking enthusiast, Beckers, who said at a Shop Talk Europe conference in 2017 that he “stumbled into the internet world around about 1999, when Amazon was still a little bookstore,” doesn’t want Picnic to stop at groceries.“Food is our entry point but we’re building an e-commerce infrastructure,” he said.For instance, the company is operating a number of pilot projects with fashion retailers including Zalando SE to allow customers to send their returns back via Picnic.“We are disrupting and significantly improving the e-commerce experience,” Beckers said.To contact the reporter on this story: Sarah Syed in London at ssyed35@bloomberg.netTo contact the editors responsible for this story: Giles Turner at gturner35@bloomberg.net, Vidya RootFor more articles like this, please visit us at bloomberg.com©2020 Bloomberg L.P.

Amazon, Future Group Boost Ties to Fend Off Asia’s Richest Man
Mon, 06 Jan 2020 06:37:03 +0000
(Bloomberg) — Amazon.com Inc. signed pacts with the Future Group to sell products from India’s second largest brick-and-mortar retailer on its online marketplace, as they fend off rivals in the world’s last big untapped retail market.Amazon will become the authorized online sales channel for Future Retail Ltd.’s stores, which sell everything from groceries to cosmetics and apparel, according to an exchange filing Monday. The e-commerce giant will also have a tie-up with Future Consumer Ltd., that makes consumer goods like packaged snacks and household cleaners.The deal deepens Amazon’s collaboration with Future Group as India’s 1.3 billion people become a prized catch for global retail giants who are effectively shut out of China. Walmart Inc. spent $16 billion to buy local e-commerce leader Flipkart Online Services Pvt. in 2018 while Amazon has already pledged $5.5 billion investment in the country. Mukesh Ambani, Asia’s richest man, who controls India’s largest retail chain by turn over, unveiled his group’s online store last week.“This arrangement will allow us to build upon each other’s strengths in the physical and digital space,” Kishore Biyani, founder and chairman of Future Retail said of the latest deal in a statement Monday.Last year, Amazon agreed to buy 49% in one of Biyani’s unlisted firms that allows the American e-tailer to acquire stake in Future Retail between three and ten years.To contact the reporter on this story: Ari Altstedter in Mumbai at aaltstedter@bloomberg.netTo contact the editors responsible for this story: Rachel Chang at wchang98@bloomberg.net, Bhuma Shrivastava, Jeanette RodriguesFor more articles like this, please visit us at bloomberg.com©2020 Bloomberg L.P.

FirstFT: Today’s top stories 
Mon, 06 Jan 2020 06:23:16 +0000
FT subscribers can  click here  to receive FirstFT every day by email. Happy New Year! FirstFT is back to our regularly scheduled programming for 2020. We wish you a happy and healthy year ahead. Now, …

What to expect at CES 2020
Sun, 05 Jan 2020 22:19:59 +0000
Ride-sharing in the sky, privacy talk, and sex tech, plus hundreds of gadgets. From Quibi to 5G, Quartz will bring you the very latest from the conference in Las Vegas.

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