- (0:15) - Amazon Predictions For 2018
- (1:15) - Improving Whole Food Experience
- (3:20) - Amazon's 2nd Headquarters
- (5:10) - Episode Roundup: Podcast@Zacks.com
On the latest episode of Shopping for Stocks, host and Zacks Editor Maddy Johnson dives into some predictions for Amazon.com (AMZN - Free Report) in 2018.
Without a doubt, Amazon has become the number one online retailer for many consumers since you can buy what seems like anything on the website. Combined with its booming retail business, Amazon’s cloud arm AWS, Prime subscriptions, and advertising segment could help make it a $1 trillion company next year, at least according to Morgan Stanley.
But to become a trillion-dollar company, we shouldn’t be surprised to see Amazon honing in on some of its other key businesses, and that’s why I think that the company could finally figure out brick-and-mortar grocery.
Because if we’re being honest, the first few months of its Whole Foods acquisition have been rocky, from customer complaints on Twitter (TWTR - Free Report) to empty store shelves to a feeling that Amazon may be in over its head. But, there’s a lot of potential in this deal, and Amazon’s knack for efficiency could really help them here.
Finally, the biggest prediction of them all: where will Amazon build its second headquarters? The company received some 238 bids, and plans to invest $5 billion in the H2Q project, creating as many as 50,000 local jobs. Will Jeff Bezos and his team pick a city close but not too close from Bentonville, AR, where Walmart (WMT - Free Report) is headquarteres, or could it be a Midwest metropolis like Chicago?
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