Amazon is investing $700 million into electric pick up truck startup Rivian. This highlights the rising competition coming Tesla Inc.'s (TSLA) - Get Report way. Tesla wanted to invest in making electric pickup trucks, but now will not be the first to market on the initiative.
Amazon will also hold off its plans to build its second headquarters in New York City, as the political backlash was too great for Amazon's liking.
Facebook & FTC
Facebook Inc. (FB) - Get Report and the Federal Trade Commission are reportedly working on a settlement to data privacy issues related to the Cambridge Analytica scandal, a settlement that would cost the social media giant billions.
Some analysts have mentioned of late that discount retailers could soon see notable revenue growth if consumer spend continues to slow and shoppers move away from high-end stores and into discounters potentially.
Watch guidance more than earnings and revenue results for these department store retailers soon to report fourth quarter earnings:
- TJX Companies Inc. (TJX) - Get Report
- Burlington Stores Inc. (BURL) - Get Report
- Ross Stores Inc. (ROST) - Get Report
- Kohl's Corp. (KSS) - Get Report
Pepsi's Positive Earnings Report
PepsiCo Inc. (PEP) - Get Report reported earnings and revenue in line with analyst estimates and noted that investments into certain products might hurt growth in the short-term, but help it in the longer-term. The stock rose 2.16% to $115.02 a share Friday. Pepsi was RealMoney's stock of the day.
Amazon, Facebook, and Kohl's are holdings in Jim Cramer's Action Alerts PLUS charitable trust. Click here to read the latest research note on the company from Jim and AAP's team of research analysts.