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Fly News Breaks for February 27, 2020
Feb 27, 2020 | 08:11 EDT
Oppenheimer analyst Jason Helfstein upgraded Etsy to Outperform from Perform with a $64 price target. The stock in premarket trading is up 9% to $55.25. The company last night reported a strong growth in Q4 and guided fiscal 2020 gross merchandise sales above the Street, Helfstein tells investors in a research note. Etsy smartly pivoted its seller lead-generation strategy to an outcome-based model and reset Etsy Ads to Promoted Listing to the delight of sellers, says the analyst. He believes this should push the company's take-rates above 20% over time and closer to Shopify (SHOP) and (AMZN) for business sellers.
News For ETSY;SHOP;AMZN From the Last 2 Days
Apr 20, 2021 | 09:14 EDT
Lake Street analyst Robert Brown called Clean Energy Fuels' (CLNE) deal to supply renewable natural gas fuel to Amazon (AMZN) "a watershed moment for Clean Energy and the RNG industry" that he thinks should validate RNG's ability to meaningfully and quickly reduce fleet-wide CO2 emissions. Brown, who estimates the deal can be for 50M gallons in annual volume once fully ramped, above his prior estimate of 30M-40M gallons, keeps a Buy rating and $27 price target on Clean Energy shares.
Apr 20, 2021 | 06:05 EDT
Radware announced that Guangqi Honda, has chosen Radware's Cloud Native Protector service to provide cloud security support for its network construction and business development. Guangqi Honda has multiple factories and development & sales companies, and branded vehicle lines. Guangqi Honda produces an average of 800,000 vehicles a year. In 2019, Guangqi Honda deployed a big data analysis system in AWS (AMZN); however, with the increase of AWS usage, Guangqi Honda was confronted with prominent cloud security problems, such as permissive access to cloud assets and services, compliance breaches and misconfigurations. Guangqi Honda selected Radware's Cloud Native Protector service. Without any proxy plug-in, this pure AWS cloud native solution can quickly conduct situation analyses based on acquired cloud native logs and recognize excessive permissions of cloud asset through a read-only access to Guangqi Honda's cloud environment. Additionally, Radware's Cloud Native Protector service can detect attacks in real-time and provide the full attack storyline by assembling together individual attack steps into one coherent attack kill chain.
Apr 20, 2021 | 06:04 EDT
A union is seeking a new election after employees of an Alabama warehouse voted not to unionize and says the company violated legal restrictions throughout the election, The Wall Street Journal's Sebastian Herrera reports. In objections filed with the National Labor Relations Board, attorneys representing Retail, Wholesale and Department Store Union allege that Amazon intimidated and threatened employees into voting against unionizing. The union alleges that Amazon, through company representatives, threatened employees with the loss of jobs or closing of the warehouse as well as possible loss of compensation and benefits, if the union were approved. An Amazon spokeswoman said the union is misrepresenting the facts rather than accepting the choice of the employees. "We look forward to the next steps in the legal process," she said. Reference Link
Apr 20, 2021 | 05:13 EDT
Barclays analyst Ross Sandler initiated coverage of ThredUP with an Overweight rating and $19 price target. The company is a leading mass-market player in the "rapidly growing" apparel and accessories resale e-commerce space, Sandler tells investors in a research note titled "The Amazon of Resale." ThredUP's business model built around proprietary logistics infrastructure and "razor-thin" contribution profit per item reminds the analyst of Amazon in the early days. ThredUP is a direct play on the societal shift towards sustainable fashion and estimates show the resale total addressable market increasing five times from 2019 to 2024, says Sandler.
Apr 19, 2021 | 12:25 EDT
The major averages are modestly lower to kick off the new week after closing at or near record highs on Friday. There is a... To see the rest of the story go to See Story Here
Apr 19, 2021 | 09:05 EDT
Amazon announced nine new utility-scale wind and solar energy projects in the U.S., Canada, Spain, Sweden, and the UK. The company now has 206 renewable energy projects globally, including 71 utility-scale wind and solar projects and 135 solar rooftops on facilities and stores worldwide, which will generate 8.5 GW of electricity production capacity globally. With this latest announcement, Amazon is now the largest corporate purchaser of renewable energy in Europe, with more than 2.5 GW of renewable energy capacity, enough to power more than two million European homes a year. These projects supply renewable energy to Amazon's corporate offices, fulfillment centers, Whole Foods Market stores, and Amazon Web Services (AWS) data centers, which power Amazon and millions of AWS customers globally. The renewable energy from these projects also helps Amazon meet its commitment to produce the clean energy equivalent to the electricity used by all consumer Echo devices. All of these projects put Amazon on a path to power 100% of its activities with renewable energy by 2025-five years ahead of the original target of 2030. Investing in renewable energy is one of the many actions Amazon is taking as part of The Climate Pledge, a commitment to be net-zero carbon by 2040, 10 years ahead of the Paris Agreement. "Amazon continues to scale up its investments in renewable energy as part of its effort to meet The Climate Pledge, our commitment to be net-zero carbon by 2040," said Jeff Bezos, Amazon founder and CEO. "With these nine new wind and solar projects, we have announced 206 renewable wind and solar projects worldwide, and we are now the largest corporate buyer of renewable energy in Europe and globally. Many parts of our business are already operating on renewable energy, and we expect to power all of Amazon with renewable energy by 2025-five years ahead of our original target of 2030."
Apr 19, 2021 | 08:35 EDT
Ambow Education (AMBO) announced an expanded strategic partnership with Amazon (AMZN) with the launch of Artificial Intelligence training for teachers. The deepened partnership is part of the company's ongoing efforts to collaborate with prestigious enterprises to carry out AI education and training for teachers. Since 2018, Ambow has collaborated with Amazon Web Services for in-depth training courses. Combining their respective strengths and advantages in educational expertise and industry practices, Ambow and AWS recently launched live streaming courses on AI education and training for teachers to help teachers improve their educational skills. In the AI landscape, the collaborated courses will further facilitate related talent cultivation, curricula design and a shared platform for innovative educational resources. The cooperation will also help the Company to enrich its emerging engineering courses to address growing job placement needs.
Apr 18, 2021 | 17:40 EDT
Amazon's (AMZN) embattled video game division has canceled an online role-playing game based on the fantasy series Lord of the Rings, which was announced in 2019, in another setback for the technology giant, Bloomberg's Jason Schreier reports. The game had been in development at Amazon Game Studios alongside the China-based Leyou Technologies. which was purchased by conglomerate Tencent (TCEHY) in December, the author notes. Reference Link