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 Expands Grocery Delivery Service to 3 New Markets
Read MoreHide Full Article
Amazon.com Inc.’s (AMZN - Free Report) online grocery delivery business, AmazonFresh, is likely to get a boost as it has expanded the service to three new cities — Houston, Minneapolis and Phoenix.
The service enables the residents of these 3 cities to order groceries online and get these delivered in two hours or less, thus saving both time and effort. In addition, shoppers can combine grocery orders with Amazon bestsellers such as Amazon devices, home & kitchen, toys, health and personal care, and electronics and get delivery within a couple of hours.
Amazon Prime members can avail the service at $14.99 a month.
In today’s fast-paced world, timely delivery holds immense significance. The expansion of AmazonFresh to new cities is likely to aid the company in attracting new customers to its platform, which in turn will boost Prime adoption rate.
Amazon’s strong focus toward enhancement of delivery services remains a key growth catalyst. With the expansion, the AmazonFresh service is now available in 18 cities across the United States.
Apart from the latest initiative, the company recently introduced two-hour delivery service of natural and organic products such as meat and seafood, fresh produce and staples from Whole Foods Market to additional cities of the United States namely Lexington, Little Rock, Charlottesville, Asheville, Columbia, Manchester, Savannah, Naples and Mobile.
The move will enable Prime grocery shoppers at Whole Foods stores in the above-mentioned cities to avail the company’s fast delivery and pickup service via Prime Now.
Further, the company revealed that its free one-day shipping service, Prime Free One Day, now covers more than 10 million products under categories such as beauty and baby products, books, daily necessities and devices across the United States.
This is in sync with its plans to gradually substitute two-day delivery with one-day delivery service.
All these above-mentioned endeavors are expected to further bolster the company’s presence in the U.S. e-commerce and retail space.
Bottom Line
Though Amazon is not very optimistic about generating high margins from the grocery delivery service, it expects the latest expansion to broaden operational activities (shopping) to different categories from electronics to clothes and household essentials.
Long-term earnings growth for Alphabet, Itron and Teradyne is currently projected at 17.5%, 25% and 11.4%, respectively.
Today's Best Stocks from Zacks
Would you like to see the updated picks from our best market-beating strategies? From 2017 through 2018, while the S&P 500 gained +15.8%, five of our screens returned +38.0%, +61.3%, +61.6%, +68.1%, and +98.3%.
This outperformance has not just been a recent phenomenon. From 2000 – 2018, while the S&P averaged +4.8% per year, our top strategies averaged up to +56.2% per year.
Image: Bigstock
Amazon Expands Grocery Delivery Service to 3 New Markets
Amazon.com Inc.’s (AMZN - Free Report) online grocery delivery business, AmazonFresh, is likely to get a boost as it has expanded the service to three new cities — Houston, Minneapolis and Phoenix.
The service enables the residents of these 3 cities to order groceries online and get these delivered in two hours or less, thus saving both time and effort. In addition, shoppers can combine grocery orders with Amazon bestsellers such as Amazon devices, home & kitchen, toys, health and personal care, and electronics and get delivery within a couple of hours.
Amazon Prime members can avail the service at $14.99 a month.
In today’s fast-paced world, timely delivery holds immense significance. The expansion of AmazonFresh to new cities is likely to aid the company in attracting new customers to its platform, which in turn will boost Prime adoption rate.
Amazon.com, Inc. Price and Consensus
Amazon.com, Inc. price-consensus-chart | Amazon.com, Inc. Quote
Strengthening Delivery Services
Amazon’s strong focus toward enhancement of delivery services remains a key growth catalyst. With the expansion, the AmazonFresh service is now available in 18 cities across the United States.
Apart from the latest initiative, the company recently introduced two-hour delivery service of natural and organic products such as meat and seafood, fresh produce and staples from Whole Foods Market to additional cities of the United States namely Lexington, Little Rock, Charlottesville, Asheville, Columbia, Manchester, Savannah, Naples and Mobile.
The move will enable Prime grocery shoppers at Whole Foods stores in the above-mentioned cities to avail the company’s fast delivery and pickup service via Prime Now.
Further, the company revealed that its free one-day shipping service, Prime Free One Day, now covers more than 10 million products under categories such as beauty and baby products, books, daily necessities and devices across the United States.
This is in sync with its plans to gradually substitute two-day delivery with one-day delivery service.
All these above-mentioned endeavors are expected to further bolster the company’s presence in the U.S. e-commerce and retail space.
Bottom Line
Though Amazon is not very optimistic about generating high margins from the grocery delivery service, it expects the latest expansion to broaden operational activities (shopping) to different categories from electronics to clothes and household essentials.
Zacks Rank & Stocks to Consider
Amazon currently carries a Zacks Rank #3 (Hold). Some better-ranked stocks in the broader technology sector include Alphabet Inc. (GOOGL - Free Report) , Itron, Inc. (ITRI - Free Report) and Teradyne, Inc. (TER - Free Report) , each carrying a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Long-term earnings growth for Alphabet, Itron and Teradyne is currently projected at 17.5%, 25% and 11.4%, respectively.
Today's Best Stocks from Zacks
Would you like to see the updated picks from our best market-beating strategies? From 2017 through 2018, while the S&P 500 gained +15.8%, five of our screens returned +38.0%, +61.3%, +61.6%, +68.1%, and +98.3%.
This outperformance has not just been a recent phenomenon. From 2000 – 2018, while the S&P averaged +4.8% per year, our top strategies averaged up to +56.2% per year.
See their latest picks free >>