"Check Out What Amazon's Up To Now!" Says BofA

Wasn't Amazon.com (AMZN) supposed to be an online retailer? Because we distinctly recall hearing at some point that Amazon.com sold stuff online... and yet it's what Amazon's doing offline that Read More... The post "Check Out What Amazon's Up To Now!" Says BofA appeared first on TipRanks Financial Blog.

"Check Out What Amazon's Up To Now!" Says BofA

Wasn't Amazon.com () supposed to be an online retailer? Because we distinctly recall hearing at some point that Amazon.com sold stuff online... and yet it's what Amazon's doing offline that earned it a re-recommendation from Bank of America analyst Justin Post.

In a note reiterating his "buy" recommendation and $4,250 price target on Amazon, Post explains that "Amazon is building an 'omni-channel POS solution' that includes its own point-of-sale (POS) hardware and software." And yet, by definition, point-of-sale hardware is equipment used to check out a customer at a physical retail location.

In case you have not yet heard, Amazon -- the world's biggest e-tailer -- also has developed quite a number of physical retail locations at which it might install this new "omni-channel POS solution." Amazon's physical businesses include: Amazon Books stores, Amazon 4-Star department stores, Amazon Pop Up stores, and Amazon Fresh, Amazon Go, and Amazon Go Grocery grocery stores too. (Oh, and Whole Foods, of course).

In addition to all of those potential outlets at Amazon proper, Post says Amazon is now looking to sell its new "omni-channel POS solution" to third party retailers as well.

As Post observes, Amazon seems to have developed its new solution as "a response to [the Covid] pandemic and Shopify" as well.

Shopify -- also originally an online phenomenon -- has been promoting its own point of sale system lately with a free trial for business customers. Amazon may see Shopify's offering as a threat to its own sales, because, as Post explains, "the pandemic has created a greater sense of urgency by local businesses (SMBs) to add multi-channel sales capabilities, and growing number of merchants have been adopting third party services, including Shopify and Google search, to help sell directly to consumers."  

Post notes that there may initially be "resistance" to Amazon's offering from local businesses that will have "competitive concerns" about letting the fox into the hen house. In the analyst's view, however, "the opportunity is big" enough for Amazon to risk taking a flyer on this and see if it sticks.

Consider that an Amazon-branded POS system could offer customers the ability to "add Amazon check-out options," and "even allow customers to pay with their Amazon accounts at retail locations." If Amazon is able to capture sales data from transactions run through its POS system (as seems likely, and maybe even the whole point), it could yield valuable data for Amazon on other companies' stores' "inventory and business analytics." Amazon would presumably want to re-package this data to provide "customer data management for SMBs" as a service. But Amazon will probably also integrate sales data run through its devices into its own internal data troves as well, the better to understand which products are selling, where, and to whom -- so as to better optimize its own product offerings online.

Because in case you have forgotten by now, Amazon was originally and remains in large part today... an online retailer.

Overall, Wall Street likes Amazon, a fact clear from the 32 unanimous Buy ratings on record. The forecast is for one-year gains of ~22%, given the average price target currently stands at $4,225.13. (See AMZN stock analysis on TipRanks)

To find good ideas for tech stocks trading at attractive valuations, visit TipRanks’ Best Stocks to Buy, a newly launched tool that unites all of TipRanks’ equity insights.

Disclaimer: The opinions expressed in this article are solely those of the featured analysts. The content is intended to be used for informational purposes only. It is very important to do your own analysis before making any investment.

The post "Check Out What Amazon's Up To Now!" Says BofA appeared first on TipRanks Financial Blog.

Source : Tip Ranks More   

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How To Get Back On Track After An Expensive Weekend

It's important to go out and do things you enjoy and just as important to know how to get back on track. Here are a few tips. Full Story The post How To Get Back On Track After An Expensive Weekend appeared first on MintLife Blog.

How To Get Back On Track After An Expensive Weekend

is one of the best things that you can do to improve your overall financial health. But one of the most important ways to stay financially disciplined is to STICK to your budget. This is one of the hardest things to do, and anyone that tells you that they never go over their budget is probably lying. If you have ever had an expensive day or weekend where you fell off the budgeting wagon, here are some tips to help get you back on track.

Nobody is perfect

The first thing to remember is that nobody is perfect. Again, there is likely nobody in the world that sticks to their budget 100% of the time. The thing to remember if you have an expensive weekend is that the worst thing that you can do is take it as an excuse to completely scrap your budget and go back to just winging it.

Instead, your best bet is to take a deep breath, acknowledge what happened and start fresh going forward. Depending on how much you went out of your budget, it can make sense to either try to adjust/account for it or just acknowledge it and go forward with a clean slate.

Address the root cause or causes

There might be a few reasons that your budget got blown up:

  • A weekend spent eating out or drinking with friends
  • Extra money spent on gas or hotels from a road trip
  • Spending more than you expected while on vacation
  • Impulse shopping
  • Etc.

If you go out of your budget just once or twice, it’s not a huge deal. If you find that it is happening with more regularity, it might make sense to take a look and see if you can figure out any of the root causes of your behavior. 

Does spending time in certain places or with certain people cause you to spend more than you want? Or is there another common scenario that you’re able to identify? If so, you might want to adjust your behavior accordingly. It’s a lot easier to go over your budget in the heat of the moment than if you make plans to stay out of tempting situations.

A few helpful tips to get back on track

Deciding how you want to get back on track depends on the situation and how far you went out of your budget. If you splurged on a $500 suit for your $50 / month clothing budget, it probably doesn’t make sense to go without clothes for the next nine months to make up for it. That might be a situation where you borrow a bit from other categories, like restaurants and entertainment to get yourself back in a good situation going forward.

If it’s a smaller issue where you just spent a little more than you intended, you might consider making some small adjustments to your life until the next month or next paycheck. Things like preparing meals at home, biking or taking public transportation instead of driving, returning packages you’ve been putting off or selling unused items might give your budget a bit of extra money and energy.

Pro-tip: Keep your financial goals in mind. Set up goals in the Mint app so you can watch your progress and stay on track. 

Remember — it’s a marathon, not a sprint

Above all, remember that your journey to financial freedom and stability is a marathon not a sprint. Whether you’re trying to get out of debt, build up savings or prepare for retirement, your overall success is not going to be impacted by the results of one week, one month, or even one year of spending. 

Instead, it will be the small changes to behavior, compounded over decades that will make a difference. It’s a bit of a cliche to talk about how will turn into thousands of dollars down the road, but there is some truth to it. Take the long view and find out how you can make some of these small simple changes. Simple behavioral changes that already fit into your daily routine are much more likely to stick.

The Bottom Line

We all make mistakes, and spending within your budget is no different. No matter how long you’ve kept a budget, you’re likely to find that there will be times that you (intentionally or not) break the bank. When that happens, it’s a good idea to take the long-term view and recommit to keeping your budget. Tomorrow is another day, and another chance to take a step towards a life of financial freedom and stability.

The post How To Get Back On Track After An Expensive Weekend appeared first on MintLife Blog.

Source : Mint Personal Finance More   

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