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Amazon (AMZN) Announces New Job Positions for U.S. Offices
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Amazon.com, Inc. (AMZN - Free Report) recently announced plans to create 3,500 corporate jobs in the United States.
These new teams will form part of the company’s varied businesses including AWS, Alexa, Amazon Advertising, Amazon Fashion, OpsTech and Amazon Fresh.
The move is in line with Amazon’s strategy of adding efficiency to production and operations by bringing more talent and expertise to the company. This will aid business growth of Amazon.
Coming to share price performance, shares of Amazon have steadily trended upward over the past year. The stock has returned 81% compared witht the industry’s growth of 72.6% in the said period.
One-Year Price Performance
Focus on Expansion
Over the past 10 years, Amazon has created more than 600,000 jobs in the United States. It has invested more than $350 billion across more than 40 states, including infrastructure and compensation.
Amazon’s network of fulfillment centers is spread throughout the country. The company has brought new jobs to seven different cities.
It plans to invest more than $1.4 billion in new tech hubs and corporate offices in Dallas, Detroit, Denver, New York (Manhattan), Phoenix, as well as San Diego.
The latest move underscores its basic strategies of continual expansion and investment in the United States, along with increased focus on fulfilling customer needs.
Given the fears of contracting the highly contagious virus, solid momentum across online grocery shopping has been spurring growth in online retail sales across several parts of the world, especially in the United States.
Moreover, with the success of Amazon Prime, there has been a surge in the demand for new fulfillment centers. Consequently, the company’s presence in the retail landscape got a boost.
Therefore, the e-commerce giant has been making continuous efforts to create multiple job opportunities to deliver services on time all over the world.
Going forward, it has plans to create more jobs in the United States across new corporate offices and customer fulfillment centers.
In a bid to maintain supremacy, Amazon has been expanding on a global basis. To this end, the company is investing more in fulfillment, as well as technology and content. Although increased expenses may hurt Amazon’s bottom line in the near term, we believe these measures are necessary to maintain its dominance in this highly competitive market.
Zacks Rank & Key Picks
Currently, Amazon carries a Zacks Rank #3 (Hold). Some better-ranked stocks in the broader technology sector include Dropbox (DBX - Free Report) , Lam Research Corporation (LRCX - Free Report) and Maxim Integrated Products, Inc. . While Lam Research sports a Zacks Rank #1 (Strong Buy), both Dropbox and Maxim carry a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Long-term earnings growth rate of Dropbox, Lam Research, and Maxim is pegged at 34.4%, 15.4% and 10%, respectively.
Biggest Tech Breakthrough in a Generation
Be among the early investors in the new type of device that experts say could impact society as much as the discovery of electricity. Current technology will soon be outdated and replaced by these new devices. In the process, it’s expected to create 22 million jobs and generate $12.3 trillion in activity.
A select few stocks could skyrocket the most as rollout accelerates for this new tech. Early investors could see gains similar to buying Microsoft in the 1990s. Zacks’ just-released special report reveals 8 stocks to watch. The report is only available for a limited time.
Image: Bigstock
Amazon (AMZN) Announces New Job Positions for U.S. Offices
Amazon.com, Inc. (AMZN - Free Report) recently announced plans to create 3,500 corporate jobs in the United States.
These new teams will form part of the company’s varied businesses including AWS, Alexa, Amazon Advertising, Amazon Fashion, OpsTech and Amazon Fresh.
The move is in line with Amazon’s strategy of adding efficiency to production and operations by bringing more talent and expertise to the company. This will aid business growth of Amazon.
Coming to share price performance, shares of Amazon have steadily trended upward over the past year. The stock has returned 81% compared witht the industry’s growth of 72.6% in the said period.
One-Year Price Performance
Focus on Expansion
Over the past 10 years, Amazon has created more than 600,000 jobs in the United States. It has invested more than $350 billion across more than 40 states, including infrastructure and compensation.
Amazon’s network of fulfillment centers is spread throughout the country. The company has brought new jobs to seven different cities.
It plans to invest more than $1.4 billion in new tech hubs and corporate offices in Dallas, Detroit, Denver, New York (Manhattan), Phoenix, as well as San Diego.
The latest move underscores its basic strategies of continual expansion and investment in the United States, along with increased focus on fulfilling customer needs.
Amazon.com, Inc. Price and Consensus
Amazon.com, Inc. price-consensus-chart | Amazon.com, Inc. Quote
Bottom Line
Given the fears of contracting the highly contagious virus, solid momentum across online grocery shopping has been spurring growth in online retail sales across several parts of the world, especially in the United States.
Moreover, with the success of Amazon Prime, there has been a surge in the demand for new fulfillment centers. Consequently, the company’s presence in the retail landscape got a boost.
Therefore, the e-commerce giant has been making continuous efforts to create multiple job opportunities to deliver services on time all over the world.
Going forward, it has plans to create more jobs in the United States across new corporate offices and customer fulfillment centers.
In a bid to maintain supremacy, Amazon has been expanding on a global basis. To this end, the company is investing more in fulfillment, as well as technology and content. Although increased expenses may hurt Amazon’s bottom line in the near term, we believe these measures are necessary to maintain its dominance in this highly competitive market.
Zacks Rank & Key Picks
Currently, Amazon carries a Zacks Rank #3 (Hold). Some better-ranked stocks in the broader technology sector include Dropbox (DBX - Free Report) , Lam Research Corporation (LRCX - Free Report) and Maxim Integrated Products, Inc. . While Lam Research sports a Zacks Rank #1 (Strong Buy), both Dropbox and Maxim carry a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Long-term earnings growth rate of Dropbox, Lam Research, and Maxim is pegged at 34.4%, 15.4% and 10%, respectively.
Biggest Tech Breakthrough in a Generation
Be among the early investors in the new type of device that experts say could impact society as much as the discovery of electricity. Current technology will soon be outdated and replaced by these new devices. In the process, it’s expected to create 22 million jobs and generate $12.3 trillion in activity.
A select few stocks could skyrocket the most as rollout accelerates for this new tech. Early investors could see gains similar to buying Microsoft in the 1990s. Zacks’ just-released special report reveals 8 stocks to watch. The report is only available for a limited time.
See 8 breakthrough stocks now>>