The latest company to feel the “Amazon effect” is Amazon (AMZN) itself, with its stock up slightly today. Wall Street analyst firm GBH Insights expects the company to increase its dominance in e-commerce in 2018, sending its stock price 15% higher over the next 12 months. Amazon is currently up 58% this year.
General Electric (GE) is trying to 3D-print its way out of its current restructuring mess. Shares are up almost 1% after the industrial giant announced it’s increasing its stake in the Swedish 3D printer maker Arcam. GE stock is down about 45% for the year.
And more trouble for Tesla (TSLA), at least that’s what analysts at KeyBanc are predicting. After conversations with Tesla salespeople across the the country, analysts believe the electric car maker will report 70% fewer Model 3 deliveries for the current quarter than previously expected.
Shares of Energous Corporation (WATT) surged 82% after the wireless charging firm received FCC certification for its WattUp Mid Field transmitter, which can charge devices from a distance.
Callaway Golf (ELY) shares tumbled on a downgrade to sell from neutral at Compass Point, with analysts citing valuation concerns after the stock’s 29% rise this year.