We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Amazon (AMZN) to Open Tenth Fulfillment Center in Texas
Read MoreHide Full Article
In order to cater to growing demand in the online shopping space, Amazon.com Inc. (AMZN - Free Report) shared plans of opening its 10th fulfillment center in Katy, TX.
According to Amazon, this new facility, spanning one million square feet, will create more than 1,000 new full-time jobs. The center will primarily focus on larger items such as music equipment, sports gear, and electronics.
Over the last one year, shares of Amazon have been steadily treading higher. The stock returned 47.61% compared with the Electronic Commerce industry’s gain of 40.39%.
Details of Fulfillment Centers in Texas
The world’s largest online retailer has been strengthening its presence in Texas where it has invested millions of dollars. In the last few years, Amazon has announced multiple facilities in the state with healthy business environment and skilled manpower.
To date, Amazon has created over 10,000 full-time jobs in Texas and continues to hire manpower to meet growing customer demand.
Currently, Amazon has seven fully operational fulfillment centers in Texas, which are located in Haslet, Dallas, Fort Worth, Schertz, San Marcos and two facilities in Coppell. Two other facilities in Houston and Coppell are under construction.
Amazon stated that it pays competitive wages and provides healthcare and other full-time benefits. In addition, the company offers programs like Career Choice to help employees pursue courses related to fields that are in demand. The online giant also provides other benefits like generous maternity and parental leaves.
Our Take
Amazon has been strengthening its presence across the world. To date, the online retailer has created millions of full-time jobs and continues to hire manpower to cater to the growing customer demand.
We feel, Amazon should maintain its U.S. market share while expanding globally to retain its leading position. For this, the company needs to invest more in fulfillment as well as technology and content, especially in international markets with less penetration and higher growth rates.
Though increased expenses may hurt the company’s bottom line in the near term, we believe this is necessary for the company to maintain its dominance in this highly competitive market.
Currently, Amazon carries a Zacks Rank #3 (Hold). Some better-ranked stocks worth considering in the broader technology sector are ON Semiconductor Corporation (ON - Free Report) , Analog Devices (ADI - Free Report) and Advanced Energy Industries, Inc. (AEIS - Free Report) , each sporting a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
For the current year, estimates for ON Semiconductor were up 7.8% in the last 60 days. Estimates for Analog Devices and Advanced Energy increased 20.4% and 18.2%, respectively.
Zacks’ Best Private Investment Ideas
In addition to the recommendations that are available to the public on our website, how would you like to follow all Zacks' private buys and sells in real time?
Our experts cover all kinds of trades… from value to momentum . . . from stocks under $10 to ETF and option moves . . . from stocks that corporate insiders are buying up to companies that are about to report positive earnings surprises. You can even look inside exclusive portfolios that are normally closed to new investors. Starting today, for the next month, you can have unrestricted access. Click here for Zacks' private trades >>
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Amazon (AMZN) to Open Tenth Fulfillment Center in Texas
In order to cater to growing demand in the online shopping space, Amazon.com Inc. (AMZN - Free Report) shared plans of opening its 10th fulfillment center in Katy, TX.
According to Amazon, this new facility, spanning one million square feet, will create more than 1,000 new full-time jobs. The center will primarily focus on larger items such as music equipment, sports gear, and electronics.
Over the last one year, shares of Amazon have been steadily treading higher. The stock returned 47.61% compared with the Electronic Commerce industry’s gain of 40.39%.
Details of Fulfillment Centers in Texas
The world’s largest online retailer has been strengthening its presence in Texas where it has invested millions of dollars. In the last few years, Amazon has announced multiple facilities in the state with healthy business environment and skilled manpower.
To date, Amazon has created over 10,000 full-time jobs in Texas and continues to hire manpower to meet growing customer demand.
Currently, Amazon has seven fully operational fulfillment centers in Texas, which are located in Haslet, Dallas, Fort Worth, Schertz, San Marcos and two facilities in Coppell. Two other facilities in Houston and Coppell are under construction.
Amazon stated that it pays competitive wages and provides healthcare and other full-time benefits. In addition, the company offers programs like Career Choice to help employees pursue courses related to fields that are in demand. The online giant also provides other benefits like generous maternity and parental leaves.
Our Take
Amazon has been strengthening its presence across the world. To date, the online retailer has created millions of full-time jobs and continues to hire manpower to cater to the growing customer demand.
We feel, Amazon should maintain its U.S. market share while expanding globally to retain its leading position. For this, the company needs to invest more in fulfillment as well as technology and content, especially in international markets with less penetration and higher growth rates.
Though increased expenses may hurt the company’s bottom line in the near term, we believe this is necessary for the company to maintain its dominance in this highly competitive market.
Amazon.com, Inc. Price and Consensus
Amazon.com, Inc. Price and Consensus | Amazon.com, Inc. Quote
Zacks Rank & Stocks to Consider
Currently, Amazon carries a Zacks Rank #3 (Hold). Some better-ranked stocks worth considering in the broader technology sector are ON Semiconductor Corporation (ON - Free Report) , Analog Devices (ADI - Free Report) and Advanced Energy Industries, Inc. (AEIS - Free Report) , each sporting a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
For the current year, estimates for ON Semiconductor were up 7.8% in the last 60 days. Estimates for Analog Devices and Advanced Energy increased 20.4% and 18.2%, respectively.
Zacks’ Best Private Investment Ideas
In addition to the recommendations that are available to the public on our website, how would you like to follow all Zacks' private buys and sells in real time?
Our experts cover all kinds of trades… from value to momentum . . . from stocks under $10 to ETF and option moves . . . from stocks that corporate insiders are buying up to companies that are about to report positive earnings surprises. You can even look inside exclusive portfolios that are normally closed to new investors. Starting today, for the next month, you can have unrestricted access. Click here for Zacks' private trades >>