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Amazoncom Inc

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finance1 year ago

"Michael Burry's Scion Asset Management Adds Amazon, Alphabet, and More to Portfolio"

Michael Burry's Scion Asset Management added shares of Alphabet Inc. and Amazon.com Inc. to its portfolio during the fourth quarter of 2023, as part of a broader move to open positions in more than a dozen stocks. This comes after Burry's previous bearish positions against the S&P 500, Nasdaq-100, and semiconductor stocks were apparently sold off, with the value investor opting to increase long positions in his portfolio instead.

finance1 year ago

"Tech Giants Embrace Dividends: Meta, Alphabet, Amazon, and More Set to Pay Out in 2024"

Goldman Sachs analysts predict that Alphabet Inc. and Amazon.com Inc. are likely to follow Meta Platforms Inc.'s lead and introduce their first-ever dividends in 2024. The interest in dividend-paying stocks has increased since Meta's announcement, prompting Goldman to raise its forecast for the S&P 500's dividend-per-share payout. Companies with stable cash flows and large existing buyback programs are seen as potential candidates for introducing dividends, signaling confidence about future earnings and attracting income-oriented investors. As of the start of 2024, 56 companies in the S&P 500 have raised their dividends, with only Walgreens Boots Alliance Inc. cutting its dividend in order to allocate more funds to business growth.