This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Top 3 Internet Stocks For The Second Quarter (Update 1)

Amazon

Amazon will report second-quarter earnings later this month, and Mahaney believes that the online retailer's revenue growth could slow from 34% year-over-year to 30% year-over-year, as foreign exchange and macro headwinds prevail in the quarter.

comScore noted that there was a 107% increase year-over-year in Amazon's page views in May, down from 114% in April. "We have noticed a reasonable level of correlation (R-squared ~ 90%) between Page Views and AMZN's reported NA (North American) revenues," Mahaney noted.

Despite these short-term concerns, the analyst cited management strength, as CEO Jeff Bezos and his team continue to focus on innovation and experience. Mahaney also highlighted Amazon's "competitive moat," the continued trend towards e-commerce, and an attractive business model as reasons to own the company for the long term. He reiterated his "buy" rating and $275 price target.

Analysts polled by Thomson Reuters expect Amazon to earn 2 cents a share on $12.91 billion in revenue. The company will report its second-quarter results on July 23.

Going back to 2009, Amazon shares have increased six times on the day after their announcement, and fallen six times, with one time notching a 0% gain, according to Mahaney's research.

Shares of the online retailing giant have jumped 24.41% year-to-date.

AMZN Chart AMZN data by YCharts

3 of 4

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
SYM TRADE IT LAST %CHG
AMZN $445.10 0.00%
LNKD $260.95 0.00%
PCLN $1,233.09 0.00%
AAPL $130.28 0.00%
FB $81.53 0.00%

Markets

DOW 18,080.14 +21.45 0.12%
S&P 500 2,117.69 +4.76 0.23%
NASDAQ 5,092.0850 +36.0220 0.71%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs