Advertisement
UK markets closed

  • FTSE 100

    8,353.30
    +39.63 (+0.48%)
     

  • FTSE 250

    20,468.15
    +55.07 (+0.27%)
     

  • AIM

    779.65
    +3.23 (+0.42%)
     

  • GBP/EUR

    1.1625
    +0.0001 (+0.01%)
     

  • GBP/USD

    1.2498
    -0.0012 (-0.09%)
     

  • Bitcoin GBP

    49,820.01
    -1,222.07 (-2.39%)
     

  • CMC Crypto 200

    1,317.86
    +23.18 (+1.79%)
     

  • S&P 500

    5,182.47
    -5.23 (-0.10%)
     

  • DOW

    38,952.77
    +68.51 (+0.18%)
     

  • CRUDE OIL

    78.83
    +0.45 (+0.57%)
     

  • GOLD FUTURES

    2,326.00
    +1.80 (+0.08%)
     

  • NIKKEI 225

    38,202.37
    -632.73 (-1.63%)
     

  • HANG SENG

    18,313.86
    -165.51 (-0.90%)
     

  • DAX

    18,481.75
    +51.70 (+0.28%)
     

  • CAC 40

    8,136.36
    +60.68 (+0.75%)
     
Money:

How to make a tax-free income

Tips for making money that won't be taxed

Why Amazon.com, Shopify, and MercadoLibre Stocks Dropped Today

Rich Smith, The Motley Fool
·2-min read
Why Amazon.com, Shopify, and MercadoLibre Stocks Dropped Today

Shares of online retail stocks were taking a beating in Friday trading, with Shopify (NYSE: SHOP) stock falling by 5.2% through 2:37 p.m. EDT, MercadoLibre (NASDAQ: MELI) down by 4.5%, and e-commerce leader Amazon.com (NASDAQ: AMZN) off by 2.3%. As it reported Friday morning, analyst Stephen Ju at Swiss mega-bank Credit Suisse cut his price target on Amazon shares by more than 10% to $4,200, based on his estimate that Amazon will earn only $70.98 per share this year and $79.83 per share next year. Credit Suisse's new earnings projections reflect a reduction of 12% this year, and a staggering 33% reduction in expectations for 2022.

Continue reading