Amazon Bolsters Its Ranks
The following video is from Monday's Investor Beat, in which host Chris Hill and Motley Fool analysts Andy Cross and Bill Barker dissect the hardest-hitting investing stories of the day.
One day before President Obama arrives at one of its facilities, Amazon.com announced that it's hiring an additional 5,000 to 7,000 people to work in its warehouses and customer-service centers. The move will increase Amazon's warehouse staffing by at least 25%. In our lead story on InvestorBeat, Bill and Andy examine what the news means for Amazon, the leadership of CEO Jeff Bezos, and why shares of Amazon still have room to run.
Bill and Andy also discuss four stocks that made major moves Monday. Hertz dips on good-not-great earnings. Candian retailer Hudson's Bay buys Saks for $2.4 billion. Wynn Resorts' second-quarter profit gets hit with one-time charges. And Omnicom Group merges with Publicis Groupe to form the world's largest advertising and marketing firm.
Finally, our analysts pick two stocks for investors that they'll be keeping a close eye on this week.
With the American markets reaching new highs, investors and pundits alike are skeptical about future growth. They shouldn't be. Many global regions are still stuck in neutral, and their resurgence could result in windfall profits for select companies. A recent Motley Fool report, "3 Strong Buys for a Global Economic Recovery," outlines three companies that could take off when the global economy gains steam. Click here to read the full report!
The article Amazon Bolsters Its Ranks originally appeared on Fool.com.Andy Cross and Bill Barker have no position in any stocks mentioned. Chris Hill owns shares of Amazon.com. The Motley Fool recommends Amazon.com and American Tower and owns shares of Amazon.com, American Tower, and Hertz Global Holdings. Try any of our Foolish newsletter services free for 30 days. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.