AMZN stock is now up by over 20% in the year to date. Do Amazon shares have near term upside left?
Shares of Seattle, Washington-based Amazon (NASDAQ:AMZN)have run up nicely this year, gaining by over 20% in the Year To Date (YTD). That compares with a 8.8% gain in the NASDAQ, in 2017 so far. Have Amazon shares got more upside left in the near term? As things stand, they probably do. While AMZN stock continues to get upgrades and target price hikes from analysts, the stock’s technicals also look supportive of a further uptick from the current stock price.
Top Tech Stocks To Buy Right Now: Aceto Corporation(ACET)
- [By Lisa Levin]
Aceto Corporation (NYSE: ACET) shares dropped 62 percent to $2.795 following announcement of financial challenges. The company has suspended further guidance and is evaluating strategic alternatives. Aceto also expects reduction in dividend moving forward. Canaccord Genuity downgraded Aceto from Buy to Sell.
- [By Lisa Levin]
Check out these big penny stock gainers and losers
Aceto Corporation (NASDAQ: ACET) fell 41.9 percent to $4.30 in pre-market trading. ACETO board disclosed that it is taking proactive steps to address business and financial challenges. Canaccord Genuity downgraded Aceto from Buy to Sell.
Helios and Matheson Analytics Inc. (NASDAQ: HMNY) fell 25.3 percent to $2.86 in pre-market trading after reporting an ATM offering of $150 million.
Pier 1 Imports, Inc. (NYSE: PIR) fell 17.4 percent to $2.86 in pre-market trading after reporting a fourth quarter sales miss. Comps were down 7.5 percent in the quarter.
Sleep Number Corporation (NASDAQ: SNBR) fell 12.4 percent to $32.00 in pre-market trading following a first quarter earnings miss.
Paratek Pharmaceuticals, Inc. (NASDAQ: PRTK) fell 10.2 percent to $11.90 in pre-market trading on news of $125 million convertible debt offering.
Merrimack Pharmaceuticals, Inc. (NASDAQ: MACK) shares fell 8 percent to $8.02 in pre-market trading after dropping 2.02 percent on Wednesday.
Exponent, Inc. (NASDAQ: EXPO) shares fell 5.6 percent to $80 in pre-market trading.
Lumentum Holdings Inc. (NASDAQ: LITE) shares fell 4.8 percent to $60.00 in pre-market trading after rising 1.78 percent on Wednesday.
vTv Therapeutics Inc. (NASDAQ: VTVT) fell 4.6 percent to $2.10 in pre-market trading after surging 84.87 percent on Wednesday.
Taiwan Semiconductor Manufacturing Company Limited (NYSE: TSM) shares fell 4.5 percent to $40.07 in pre-market trading after the company reported Q1 results.
Align Technology, Inc.. (NASDAQ: ALGN) fell 3.5 percent to $267.40 in pre-market trading after rising 1.61 percent on Wednesday.
Transocean Ltd. (NYSE: RIG) shares fell 3.5 percent to $12 in pre-market trading after the company issued quarterly fleet status report.
GoPro, Inc. (NASDAQ: GPRO) fell 3.2 percent to $4.90 in pre-market trading.
Unilever PLC (NYSE: UL) fell 2.6 percent to $54.73 in pre-market
- [By Lisa Levin]
Aceto Corporation (NYSE: ACET) shares dropped 60 percent to $2.985 following announcement of financial challenges. The company has suspended further guidance and is evaluating strategic alternatives. Aceto also expects reduction in dividend moving forward. Canaccord Genuity downgraded Aceto from Buy to Sell.
- [By Chris Lange]
Aceto Corp. (NASDAQ: ACET) saw its shares halved on Thursday after the company gave a critical update. There is a lot going on for Aceto in this update, and most of it is not good news. Amid credit negotiations there are also changes at the highest level of management, making this a tough pill to swallow.
Top Tech Stocks To Buy Right Now: Alphabet Inc.(GOOGL)
- [By Paul Ausick]
The crash caps a recent rough patch for the ride-hailing service. Alphabet Inc. (NASDAQ: GOOGL) is suing Uber and self-driving truck startup Otto (owned by Uber) for allegedly stealing technology from Google’s Waymo self-driving car division. Uber is also being investigated for its use of a software tool to deny rides to officials who might be gathering data on self-driving cars.
- [By Vikram Nagarkar]
The battle is heating up in the cloud services space, and whichever way that goes, AMD may emerge as one of the beneficiaries. On November 15th, Alphabet Inc’s (NSDQ:GOOGL)Google announcedthat starting from early 2017, it would offer GPUs made by AMD and NVIDIA (NSDQ:NVDA)toGoogle Compute Engine and Google Cloud Machine Learning users. The announcement is a big win for AMD for multiple reasons.
- [By Stark Merrifield]
That includes Yahoo! Inc. (Nasdaq: YHOO), Amazon.com Inc. (Nasdaq: AMZN), eBay Inc. (Nasdaq: EBAY), Alphabet Inc. (Nasdaq: GOOGL), and Facebook Inc. (Nasdaq: FB) – their combined market caps are worth $1.5 trillion.
- [By Nicholas Rossolillo]
Alphabet’s (NASDAQ:GOOG) (NASDAQ:GOOGL) autonomous car division, Waymo, recently signed a contract to add Jaguar’s first all-electric car to its fleet of self-driving vehicles. For the Google parent company, the deal will be a blip on its pathto driving automation, albeit an exciting one. For shareholders of Jaguar parent Tata Motors (NYSE:TTM), it’s an early sign the new vehicle will be a winner for the automaker.
Top Tech Stocks To Buy Right Now: Canfor Corporation (CFPZF)
- [By SEEKINGALPHA.COM]
Conifex has been shoring up its balance sheet over the last year, taking advantage of its strong financial performance. Beginning in February 2016, Conifex announced it was settling a $30m convertible debt it had with Canfor (OTCPK:CFPZF) in exchange for a forest license it held that permitted an allowable annual cut of 200,000 cubic meters. In April 2016, it created a joint venture for another one of its forest licenses, which netted it another $20m.