Amazon Stock Down 3.7% — Split It Into Amazon Services And Products

It’s time to break up Amazon.

Amazon started out in life as a website that partnered with the physical world. As I wrote in my book, Goliath Strikes Back, when such partnerships fell short of Amazon’s order fulfillment targets, Amazon built warehouses and a logistics fleet to deliver goods in two or fewer days.

Along the way, it also built services businesses — including Amazon Web Services, advertising, third-party seller services and Prime

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S&P sinks to bear market, stock crisis gets worse

The crisis roiling U.S. stocks went from bad to worse on Monday as the S&P 500 closed in a fresh bear market, complicating the next move by the Federal Reserve. 

The broadest measure of the stock market fell 3.9% or 151 points and is now off 22% from its Jan. 4 high of 4,796.56. 

The selloff has erased over $9 trillion in market value, according to Bespoke Investment Group, that’s $1.2 trillion more than during the Financial Crisis of 2007-2009 the firm detailed in a research note.

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Consumer inflation data, Amazon stock split, Yellen testimony top week ahead

Inflation at the consumer level will be a major economic focus this upcoming week along with another round of corporate earnings and what could be more volatility for U.S. stocks. 

The Nasdaq Composite, on Friday, fell 2.4%, the S&P 500 shed 1.6% and the Dow Jones Industrial Average fell over 1% or 349 points. The 10-Year Treasury yield rose to 2.955% as investors anticipate more rate hikes by the Federal Reserve. 

Ticker Security Last Change Change %
I:DJI DOW JONES AVERAGES 32899.7 -348.58 -1.05%
SP500 S&P 500 4108.54 -68.28 -1.63%
I:COMP NASDAQ COMPOSITE INDEX 12012.733912 -304.16 -2.47%

FOX Business takes a look at the upcoming events that are likely to move financial markets in the coming days. 

Monday 6/6 

Apple will also

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Why Comcast Stock Dropped 15.1% in April

What happened

Shares of Comcast (CMCSA -1.99%) dropped 15.1% in April, according to S&P Global Market Intelligence. The media and cable conglomerate reported its first-quarter earnings, which came in above expectations, but investors still decided to sell off the stock toward the end of the month. Compared to the S&P 500, which was down 8.8% in April, Comcast trailed the index by 6.3% in the period.

So what

Comcast is an entertainment and telecommunications conglomerate with a market capitalization of $179 billion. It owns a broadband internet/cable business, NBC Universal, Sky Entertainment, and many other assets.

Two people watching TV together.

Image source: Getty Images.

On April 28, the company reported earnings for the first three months of 2022. Revenue of $31 billion, up 14% year over year, beat analyst expectations of $30.5 billion going into the report. Adjusted earnings per share (EPS) hit $0.86, up 13% year over year. This number

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My Favorite Warren Buffett Stock to Buy for 2022

Legendary investor Warren Buffett is one of the best stock pickers of all time. His stock picks are available for everyone to view every quarter when his holding company, Berkshire Hathaway (NYSE:BRK.B) (NYSE:BRK.A), files a 13F, as required by law. 

His portfolio has a host of powerhouse stocks, including Apple, Coca-Cola, and Bank of America. However, my favorite stock from the portfolio for 2022 is Amazon (NASDAQ:AMZN). Let me explain why.

A person making an online purchase.

Image source: Getty Images.

Amazon is growing sales and cash flow

Amazon has been an excellent business for a long time, and it got a booster dose of growth at the onset of the pandemic. Hundreds of millions of people turned to the e-commerce retailer to deliver the goods they needed and wanted while they were mostly stuck at home. Amazon fulfilled the vast majority of those orders with relatively few problems. 

Indeed, revenue

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