Amazon.com, Inc. remains a Strong Buy as both e-commerce and cloud businesses deliver robust growth and margin expansion, despite recent stock gains. Generative AI is fueling AWS's accelerating revenue growth. Tariff headwinds may pressure near-term margins, but Amazon's dominant market position may make it a potential opportunity.
Amazon's long-term strategy and diversified growth in AI, cloud, retail, and advertising make it an attractive investment for those with a 3-5 year horizon. Despite slowing AWS growth and increasing competition, Amazon's broad AI strategy and strong financials position it well for future growth. Significant capital expenditures in AI and infrastructure are weighing on free cash flow, but operating cash flow remains robust.
EQNR warns that it may cancel the Empire Wind project off New York if the Trump-era stop-work order is not resolved, spending approximately $50 million a week to keep it afloat.
Ernest Hoffman is a Crypto and Market Reporter for Kitco News. He has over 15 years of experience as a writer, editor, broadcaster and producer for media, educational and cultural organizations.
Empire Metals Ltd (AIM:EEE, OTCQB:EPMLF) this week released encouraging results from an air core drilling campaign at its Pitfield project. The company said the results were the first from using air core drilling as an alternative to reverse circulation and diamond drilling, offering quicker and lower-cost operations.
The Empire Wind project, set to power 500,000 homes, is now on hold as EQNR complies with a federal halt order and assesses potential project risks and liabilities.
Norwegian energy group said it is engaging with authorities to clarify the matter following a halt-work order from the U.S. government.
Pre-markets are down somewhat, following yesterday's +3/4-percent gain on the Dow and the S&P 500, +2/3-percent gain for the Nasdaq.
French luxury behemoth LVMH posted revenue below analysts' views for the first quarter.
Ernest Hoffman is a Crypto and Market Reporter for Kitco News. He has over 15 years of experience as a writer, editor, broadcaster and producer for media, educational and cultural organizations.
Ernest Hoffman is a Crypto and Market Reporter for Kitco News. He has over 15 years of experience as a writer, editor, broadcaster and producer for media, educational and cultural organizations.
Empire State Realty Trust has been dipping and now trades at a 9.3x price to 2025 guided FFO multiple. ESRT's Manhattan office occupancy rate ended its fiscal 2024 fourth quarter at 89% with positive leasing spreads of 10.8%. The REIT faces no debt maturities in 2025 and had $900 million in liquidity as of the end of its fourth quarter.