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AMAZON TARGETS WALMART'S GROCERY MARKET WITH EXPANDED PRIME DISCOUNTS

by Anusuya Lahiri, Benzinga Editor



September 10, 2024 8:40 AM | 2 min read | 1 Comment


ZINGER KEY POINTS

 * Amazon expands Prime benefits, offering discounts on over 3,000 grocery
   items.
 * Prime members save more with Amazon Saver brand and 5% back using Prime Visa.



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Amazon.com, Inc AMZN expanded its Prime member benefits for grocery shoppers,
offering significant discounts at Amazon Fresh stores, making it more affordable
and convenient for customers.

The update includes exclusive savings on more than 3,000 grocery items for Prime
members, both online and in-store.

The new savings program offers up to 50% off rotating grocery items and a 10%
discount on Amazon’s private-label brands.



Amazon also introduced its latest private-label brand, Amazon Saver, catering to
budget-conscious shoppers.

Also Read: Amazon Boosts Prime Benefits With Grubhub Partnership, Takes Aim At
Walmart

Amazon Saver, the company’s new line of affordable grocery essentials, is
available online and in stores. Prime members enjoy an additional 10% discount.

Prime members can also earn 5% back on their purchases with the Prime Visa,
maximizing savings online and in-store.

Amazon’s move marks its attempts to snatch market share from Walmart Inc WMT,
which succeeded in growing its U.S. grocery market share by offering discounts
and taking a margin hit.



Walmart held the top position in the U.S. grocery market with 23.6% market share
in 2023 as per Statista.

In August, Amazon reported second-quarter topline growth of 10% year-over-year
to $148 billion, missing the Street consensus of $148.56 billion.

It expects third-quarter net sales of $154 billion-$158.5 billion, versus the
consensus estimate of $158.24 billion. Cantor Fitzgerald analyst Deepak
Mathivanan expects a boost in the company’s e-commerce moat with more
regionalization.

Price Action: AMZN stock is up 1.20% at $177.50 premarket at the last check
Tuesday.

Photo by refrina via Shutterstock

Market News and Data brought to you by Benzinga APIs

© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights
reserved.


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WHY TRUST DEED INVESTMENTS ARE WORTH A DEEPER LOOK

by James Blacker


September 3, 2024 8:22 AM | 4 min read | Make a Comment

Partner Disclosure

Find out more about trust deed investing by visiting the Ignite Funding website
or text the word "Benzinga" to 702-919-4281 for additional information. Trust
deeds can offer a lucrative investment opportunity in the real estate market,
yet many investors hesitate to dive in. Below, we take a look at some of the
common barriers and misconceptions that often deter people from capitalizing on
this financial avenue, and how to make the most of them One of the biggest
reasons that people shy away from trust deed investing is that many see it as a
complex topic. The legal and financial jargon, along with property evaluations,
can seem intimidating at first. However, by taking time to learn the fundamental
principles and understanding the process step-by-step, potential investors have
the chance to uncover hidden opportunities for financial growth A helpful way to
view trust deeds is as a bridge connecting borrowers in need of funds with
investors seeking passive income. This financial arrangement is secured by real
estate assets, potentially making it a win-win situation for both parties.
Companies like Ignite Funding act as the loan servicing agent for these
investments Many people also falsely associate trust deeds with predatory
lending. In truth, loans provided through companies like Ignite Funding don't
necessarily come with outlandish terms or sky-high interest rates, with many
borrowers seeking the services of such companies for their reliability and
flexibility
Read More



--------------------------------------------------------------------------------




EXCLUSIVE: LAZARD SMALL-CAP EXPERT PREDICTS 30-50% RUSSELL 2000 RALLY ON THE
BACK OF LOWER INTEREST RATES

by Piero Cingari, Benzinga Staff Writer


September 10, 2024 9:22 AM | 4 min read | 1 Comment


ZINGER KEY POINTS

 * “We feel very good that inflation is on a downward trajectory," says Lazard’s
   Sean Gallagher.
 * Interest rate cuts expected to benefit small caps, as Lazard anticipates up
   to 200 basis points in relief.


Small-cap stocks may be poised for a powerful catch-up rally in the next six to
12 months, especially as interest rates begin to decline, according to Sean
Gallagher, global head of Lazard's small-cap equity platform. After years of
sharp underperformance relative to large caps, Gallagher predicts that small
caps, as tracked by the iShares Russell 2000 ETF IWM, are set to rally between
30 and 50% in the upcoming year, closing the gap with large-cap counterparts In
an exclusive interview with Benzinga, Gallagher stressed the striking valuation
gap between small and large caps, a key factor supporting his bullish outlook
"Small caps have been lagging significantly for an extended period," he said
Gallagher's optimism centers on the Federal Reserve's expected pivot towards
rate cuts, a shift that could provide small caps with the tailwind they need to
outperform
Read More



--------------------------------------------------------------------------------




NASDAQ, S&P 500 FUTURES SLIP AS TRADERS EYE PRESIDENTIAL DEBATE, ORACLE RALLIES
OVER 8%: ECONOMIST POINTS THIS SHIFT IN BROADER MARKET TREND AMID FLURRY OF WEAK
DATA

by Shanthi Rexaline, Benzinga Editor


September 10, 2024 7:05 AM | 4 min read | Make a Comment


ZINGER KEY POINTS

 * Broad-based buying helped the market stage a rebound on Monday, with all 11
   S&P 500 classes closing in the green.
 * The inflation readings of the week are among the widely awaited catalysts,
   given their implications for rates.


The market sentiment seems to fluctuate as the index futures dipped slightly,
indicating a lower opening on Tuesday. The CBOE Volatility, aka VIX, rose
slightly but held around the 20 level. Oracle Corp.’s ORCL earnings and the
management’s comments regarding huge data center needs could buoy the tech
space, although the Court of Justice of the European Union’s rulings against two
big techs, necessitating payment of huge fines could act as a dampener. That
said, traders are likely to adopt a “wait-and-watch” approach as the market
prepares to receive the consumer and producer price inflation reports over
Wednesday and Thursday. The first presidential debate between former President
Donald Trump and Vice President Kamala Harris, due late Tuesday, will also
evince the interest of traders, given the candidates will likely discuss policy
measures during the debate In premarket trading on Tuesday, the SPDR S&P 500 ETF
Trust SPY edged up 0.02% to $546.51 and the Invesco QQQ ETF QQQ slipped 0.04% to
$454.30, according to Benzinga Pro dat Cues From Last Session: Insights From
Analysts:
Read More



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