Amazon is now quietly offering Prime Members a 5% cash back credit card to compete with Target. (Re/code)
also
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Quote of the Day
"I hear a lot of talk from supposed experts in the metals about how cheap the gold miners currently are. What I know for certain – despite already admitting to lacking the expertise to declare gold miners cheap – is that the same people who are telling you that gold miners are cheap have been touting that story for at least the past four years, as the miners have gotten absolutely obliterated."
(Kid Dynamite)
Chart of the Day
Amazon ($AMZN) stock has rarely been cheap on traditional measures. (Chart via ETF Replay)
Markets
- The one-year Treasury yield is creeping higher. (crossingwallstreet.com)
- Markets are never easy. (awealthofcommonsense.com)
- Changes in P/E ratio rankings can potentially add value. (blog.alphaarchitect.com)
Companies
- Google ($GOOG) investors love new CFO Ruth Porat. (nytimes.com)
- AT&T ($T) is adding subscribers...in the car. (washingtonpost.com)
- Comcast ($CMCSK) has more broadband customers than cable customers. (washingtonpost.com)
Amazon
- Amazon ($AMZN) Web Services is a beast. (qz.com)
- Amazon ($AMZN) now has a bigger market cap than Wal-Mart ($WMT). (qz.com)
- If you include debt Wal-Mart ($WMT) is still bigger than Amazon ($AMZN). (blogs.ft.com)
Finance
- You're never too old. 78 year old George Zweig is launching a quant-driven hedge fund. (wsj.com)
- Robo-advisors have a long way to go to earn their valuations. (mfwire.com)
- Big banks are pulling back from their Connecticut sites. (nytimes.com)
- Corporate bond deals are getting upsized. (ft.com)
Funds
- The real scandal that is 12b-1 fees. (news.morningstar.com)
- Exchange-traded managed funds are a tough sell. (blogs.barrons.com)
- Mutual fund firms continue to push into ETFs. (etftrends.com)
Global
Earlier on Abnormal Returns
- Podcast links: nutty economics. (abnormalreturns.com)
- What you may have missed in our Thursday linkfest. (abnormalreturns.com)
