Tuesday's Headlines: Amazon Bags Its Latest Deal

Tuesday's Headlines: Amazon Bags Its Latest Deal

Here were the biggest movers in the MyWallSt shortlist yesterday:

Moving Up ⬆️

Coupa Software (COUP) +6.3%

Bumble (BMBL) +5.3%

The Trade Desk (TTD) +5.1%

Wynn Resorts (WYNN) +4.4%

Pinterest (PINS) +4.3%

Moving Down ⬇️

Upstart Holdings (UPST) -11.5%

Take-Two Interactive (TTWO) -5.4%

Redfin (RDFN) -5.2%

American Tower (AMT) -4.3%

Peloton Interactive (PTON) -3.5%

1. Amazon’s (AMZN) healthcare business, Amazon Care, has landed its biggest customer to date — the global hospitality giant and hotel chain, Hilton. The move for the Hilton sprung from the need to attract the best workers in hospitality, considering the difficulties associated with labor shortages right now. This marks a huge milestone for Amazon, securing such a large customer base, considering as of December 2020, Hilton employed 141,000 people. Text chat for Amazon Care will be free for Hilton employees, and video or medical visits would carry a small fee according to the Hilton, but no financial terms were disclosed about the deal. Read the full story here.

2. Twilio (TWLO) stock has taken a slide since its fourth-quarter results, led by weaker guidance and the departure of COO George Hu, but CEO and co-founder Jeff Lawson remains positive. In a recent interview, he reminds us “growth has been in the range of high 30s (percent) and low 50s (percent) for a while and at a nearly $3 billion revenue run rate ... those are astounding numbers.” Despite the short-term windfall, three new products were announced in Q4: Twilio Engage — an omnichannel growth automation platform, Twilio Live — for building immersive audio and video, and Twilio Messaging X — its next-gen messaging platform. Combined with existing resources, Twilio sees customers like Nike (NKE) and Netflix (NFLX) leveraging first-party data to create strong customer relationships on par with what tech giants can do. Read the full story here.

3. Berkshire Hathaway (BRK.B) has been recorded as a net seller of stocks for four consecutive quarters now, having most recently sold stock in some pharmaceutical and payments names. These include AbbVie, which was reduced by 30%, Bristol-Myers Squibb reduced 16%, Visa reduced 4.3%, and Mastercard (MA) reduced by 6%. Berkshire’s not just selling though — it opened a position in Royalty Pharma, another pharmaceutical company, as well as upping its stake in Chevron by 24%, and opening another new position in Floor & Decor Holdings. Even with slight cuts to its financial positions in Wells Fargo and U.S Bancorp, it doesn’t look like the company's ready to put its $149 billion cash pile to use just yet. Read the full release here.

There are 3 companies on the MyWallSt shortlist that will report earnings today:

Home Depot (HD)

Sea Limited (SE)

StoneCo (STNE)

Get this week’s full earnings calendar here.

David GranahanDavid Granahan

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