The Zacks Analyst Blog Highlights: Amazon.com, eBay, Netflix, Apple and
CHICAGO, Oct. 2, 2012
CHICAGO, Oct. 2, 2012 /PRNewswire/ -- Zacks.com announces the list of stocks
featured in the Analyst Blog. Every day the Zacks Equity Research analysts
discuss the latest news and events impacting stocks and the financial markets.
Stocks recently featured in the blog include Amazon.com, Inc. (Nasdaq:AMZN),
eBay Inc (Nasdaq:EBAY), Netflix Inc (Nasdaq:NFLX), Apple Inc (Nasdaq:AAPL) and
Caterpillar Inc. (NYSE:CAT).
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Here are highlights from Monday's Analyst Blog:
Amazon to Sell Wine Online
The world's largest Internet retailer Amazon.com, Inc. (Nasdaq:AMZN) announced
that it is planning to sell wines online.
The company started its wine business way back in 1999 with a 45% stake in
Wineshopper.com, but closed down 10 years later as the business did not
perform to expectations. It is now re-starting in a much smaller way, selling
wines directly to consumers in Napa Valley, California.
Amazon is clearly driven by this very big market. It is true that growth
prospects may not be so exciting (a ResearchAndMarket study estimates a 3%
CAGR to 2013). However, given the size of the market ($33.5 billion by 2013),
Amazon would see big gains if it is able to convert even a fraction of these
sales to its online model. .
Amazon has room for expansion in this unique segment. Wine lovers are present
at every nook and corner of the world. So its current selection of Chardonnay,
Pinot Grigio, Pinot Noir, Champagne and other exquisite wines could see more
Amazon is one of the leading players in the extremely fast-growing retail
ecommerce market that includes players like eBay Inc (Nasdaq:EBAY), Netflix
Inc (Nasdaq:NFLX), Apple Inc (Nasdaq:AAPL) and others. While the strong growth
prospects are making the market more competitive by the day, Amazon continues
to maintain and even grow its share on the back of its consistent and reliable
service. Amazon's scale of offerings, its broad reach and platform approach
are the keys to its success.
Amazon's second quarter results were more or less within expectations.
Reported revenue of $12.83 billion was down 2.7% sequentially and up 29.5%
from the year-ago quarter. This was better than the guidance for the quarter
of $11.9-13.3 billion (down 4.4% sequentially, or up 27.1% year over year at
the mid-point) and in line with consensus expectations. Year-over-year revenue
growth was 32%, excluding an unfavorable currency impact.
Currently, Amazon has a Zacks #3 Rank, which implies a Hold rating in the near
Caterpillar Announces Price Hike
Caterpillar Inc. (NYSE:CAT), the world's largest manufacturer of construction
and mining equipment, has implemented a price increase of up to 3% on most of
its machines across the world, citing current industry factors and general
economic conditions as the reasons. This price increase will be effective
January 2013 and includes adjustments to list prices and merchandising
The price increase will vary geographically as well as by the type of
equipment. In addition, the company intends to increase prices by up to 7% on
select models for applicable regions to cover the cost of incremental
pollution-reduction components to comply with stricter federal standards.
Earlier in October 2011, the company had announced price increase of up to 2%
worldwide, effective January 2012. The company had also implemented an
emissions-related price increase of 2% to 6% for applicable products and
In a separate development, the company recently trimmed its guidance for
fiscal 2015, due to modest and insipid economic growth expectations through
2015 and a less likely scenario of a worldwide recession. Caterpillar expects
to generate revenues in the range of $80 to $100 billion in 2015 and earnings
per share in the range of $12 to $18 per share. Caterpillar had earlier
estimated earnings between $15 and $20 per share.
For 2012, the company remains firm on its guided record sales of $68 billion
to $70 billion and EPS forecast at $9.60. Caterpillar will discuss its 2013
expectations when it releases its quarterly earnings next month. The year 2013
is expected to be similar to 2012 with respect to worldwide economic growth,
and better growth expected in 2014.
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