Last week, Amazon (NASDAQ: AMZN) announced that it would be shutting down its Amazon Restaurants delivery service in the US by the end of this month. This follows on from the closure of the same food delivery service in London towards the end of last year, which was the only international arm of the business.
Amazon Restaurants was an addition to the Prime subscription service that allowed users to get food delivered to their door from participating restaurants, which included P.F. Chang’s, Denny’s, Five Guys, and Applebee’s in the US. …
Here at MyWallSt, we generally tend to avoid investments in the industries of fashion, pharmaceuticals and banking. However, one company that we’re certainly glad we broke this rule for is Lululemon (NYSE: LULU).
Lululemon is an athleisure company that commands a premium price with its loyal followers. The Canadian-born athletic apparel retailer has successfully combined style with technical fabrics in their clothing, which are now sold in over 400 dedicated stores from New York to New Zealand.
Since adding Lululemon to our MyWallSt app in September 2015, the stock has grown more than 220%. Not only does this make it the out-and-out leader of the handful of fashion stocks in our app, but an outlier in a climate where many retail companies are struggling. …
Software as a service, or SaaS as it’s come to be known, is one of the most exciting industries for investors at the moment. With the mass movement away from old license-based software models (remember paying a once-off fee for Microsoft Office?) and the rapid rise of the cloud, dozens of exciting new companies are now changing the way the world does business with these high-margin platforms.
Here are five SaaS companies out there at the moment that are favourites of the MyWallSt analyst team:
While most people will never have heard of Jira, Confluence, or Bitbucket, you can be sure that many of the applications you use on your phone every day (including our MyWallSt app) were built with a heavy reliance on them. …
Two decades ago, Amazon was an online bookstore operating out of Jeff Bezos’ garage in Seattle. Today, it’s one of the most influential corporations in the world and the third-largest US company by market cap. With over 40 subsidiaries — including Amazon Web Services, Whole Foods Market, and Amazon Studios — you can be pretty sure that you’ve been a customer of Amazon in one way or another.
For many people, the meteoric success of Amazon epitomises the more general rise of e-commerce over the same time. Death knells have been rung by analysts and commentators over and over again for traditional ‘bricks-and-mortar’ stores as they try to compete against cheaper prices, free delivery, and the ability to shop from the comfort of one’s own armchair. …
About a thousand years ago, the inhabitants of a tiny island in the middle of the Pacific ocean called Yap created a unique form of currency.
An expedition to an island 300 miles away led to the discovery of limestone rock, and since limestone was non-existent on their island, it held great value to the newly-arrived Yapese. They started carving the limestone into circular disks, some as big as 12 feet in diameter, with a hole in the centre so they could be carried using logs. …
JAMES: So guys, today before we get into the recent news section, Méabh, you were gonna give us an update on a problem you mentioned a few weeks ago you were having with Apple.
MÉABH: For anyone who’s been waiting patiently, my Airpods debacle has resolved itself. There was something wrong with the manufacturing and they cut my ear open, they were very uncomfortable. I had an excellent customer support experience with Apple; new Airpods, no problem, and store credit for the amounts that I purchased.
EMMET: So what are you buying yourself?
MÉABH: I don’t know, I’m gonna go shopping today. …
JAMES: On the last episode of Stock Club we talked about Apple TV Plus. Rory, you weren’t very impressed by Apple’s efforts. In the meantime, Disney has unveiled its own streaming service, inventively called Disney Plus. Are you more impressed by Disney’s effort, Rory?
RORY: Well, I think everyone is. When I watched the Disney Plus presentation, all I could think was to compare it to Apple’s and how much of a difference there was. Apple wielded all these celebrities, told us very little about the product in terms of what would be available when it launched; what price it would be; even when it was going to actually come out. …
Ah, spring. The days are getting longer, the leaves are returning to the trees, summer is just around the corner and, unfortunately, the IRS is knocking at your door.
When T.S Eliot wrote “April is the cruellest month”, he must surely have been talking about the yearly scramble to file your taxes.
Of course, there’s no way around it. Paying your taxes is just one of the terms and conditions of life in the US. But, apart from avoiding a stint in jail, all that pain is usually worth it in the end for one big reason:
Your tax refund!
“…in this world nothing can be said to be certain, except death and taxes.”
— Benjamin Franklin
230 years later and not much has changed in terms of the two certainties in the life of a US citizen. However, tax season doesn’t have to be all doom and gloom with one big light at the end of the tax-filing tunnel :
According to the IRS, the average tax refund for a US worker has been roughly $3,000 per year over the past 10 years — a significant amount of money for the average worker.
To many, getting a lump sum like this leads to the temptation of blowing it all on a vacation or some other luxury splurge. However, if you’d prefer to be a little more sensible and a lot more kind to your future self, here are three things you can do with your tax refund that you’ll definitely thank yourself for later. …
JAMES: We’re going to start off today with some recent news from the past week; Rory, last time we were here we were talking about Levi Strauss IPO-ing on the market. Who have we got this week?
RORY: Well, it’s the one everyone’s been talking about; the Pepsi to Uber’s Coke, Lyft have IPO’d. The ride-sharing service based in the US and Canada went public last Friday; stock reached a high of $86 on its IPO, valuing the company at around $26 billion. It’s since tumbled back down to $70, officially entering a bear market on its second day as a public company. …