Tag: Dives

Jefferies Dives Deep into Amazon’s Advertising Business

Amazon continues to thrive and benefit from the COVID-19 pandemic because of the high demand for groceries and essentials. Since the coronavirus outbreak, Amazon has seen strong financial results and an overall boost in sales and advertising.

Analysts at Jefferies reiterated their Buy rating on shares of Amazon on Wednesday, with a price target of $3,800. The analysts now value Amazon’s advertising business at $350B which is up from their previous value estimate of $300B for the segment.

The analysts are expecting increased Consumer Packaged Goods (CPG) spending to be a key long-term driver for Amazon’s advertising revenues, and raised their annual sales growth estimates by 2% in 2021 and beyond. Also, the analysts estimate a combined $1T CPG advertising opportunity for AMZN, consisting of $800 billion in trade spending, and 200 billion in advertising.

“According to our survey, 40%/60% of U.S. online shoppers purchased more groceries/essentials on AMZN during

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Experimental Filmmakers Documented a Vegas Dive’s Final Day of Business: Your Weekly Roundup of New Movies

Bloody Nose, Empty Pockets

While most Oregonians haven’t set foot in their local for months, we’ve all passed that one obscure watering hole and thought, “Has this place been open the whole time?” Bloody Nose, Empty Pockets is an ode to just that kind of dive. Experimental filmmakers Bill and Turner Ross train their lenses on Las Vegas’ Roaring ’20s on its final day in business, and we meet the affable barkeeps, trauma-soaked vets, wayward youngsters and shaggy loners toasting farewell to their only sense of community, no matter that it feeds on their marginalization and addiction. The weeping, the slurred professions of love, the gallows humor, the last dances—it’s as profoundly affecting as it is authentically scuzzy, but there’s a trick afoot. The amateur performers are clearly operating from some vague script, even if they are completely plastered. The sad-bastard country soundtrack is a little too on pitch and,

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