Amazon set to pass Walmart in revenue for first time
Publishing timestamp: 2025-02-06 13:00:01
Summary
Analysts expect Amazon to report revenue of $187 billion for the latest quarter, surpassing Walmart's projected revenue of $180 billion. Amazon is catching up to Walmart in terms of revenue, with its cloud business and increased online shopping due to the pandemic driving growth. Other companies like Apple, UnitedHealth, CVS Health, and McKesson are also close to reaching the $100 billion revenue mark. Wells Fargo predicts no 20% S&P 500 three-peat this year, while BlackRock's Rick Rieder sees opportunities in a certain bond market. Analysts speculate Warren Buffett's selling may be affecting Bank of America's stock, and a JPMorgan manager believes their ETF can profit from volatility in 2025.
Sentiment: NEUTRAL
Tickers: CVS, XOM, MCK, WMT, UNH, AMZN, AAPL,
Keywords: business, amazon.com inc, breaking news: business, breaking news: technology, walmart inc, mckesson corp, unitedhealth group inc, earnings, exxon mobil corp, cvs health corp, technology, apple inc, business news, retail industry,
Source: https://www.cnbc.com/2025/02/06/amazon-set-to-pass-walmart-in-revenue-for-first-time.html