Okay, you’ve been there, done that, but do you have the t-shirt yet?
If not, Amazon (AMZN) can help you out.
💵💰Don’t miss the move: Subscribe to TheStreet’s free daily newsletter 💰
“Superman” is currently the No. 1 movie at the U.S. box office, and since merch makes the world go round, DC Comics has dropped an official T-shirt collection on Amazon.
The unisex tees feature logos and motifs inspired by the new film as well as by the classic comic-book franchise, with nods to Metropolis, the Daily Planet and the Fortress of Solitude, among others, Variety reported.
Characters like Lois Lane, Krypto and the Man of Steel himself are also represented throughout the collection. Amazon also has official “Superman” tank tops, hoodies and sweatshirts.
Superman isn’t the only one who’s flying high. Prices at Amazon are taking off as well, according to The Wall Street Journal.
Amazon and CEO Andy Jassy are slated to report quarterly earnings on July 31.
Image source: Ryder/Bloomberg via Getty Images
Amazon launches satellites
In the five months since President Donald Trump first imposed sweeping tariffs, Amazon quietly raised prices on low-cost products such as deodorant, protein shakes and pet-care items, a Journal analysis of nearly 2,500 items found.
On average, prices of inexpensive goods like these increased 5% by July.
More Tech Stocks:
- Analyst who correctly predicted Rocket Lab stock surge resets forecast
- Verizon Q2 earnings report surprises with remarks on tax reform
- Fund manager who forecast Nvidia stock rally reboots outlook
The Journal’s analysis of prices from e-commerce data firm Traject Data found that while Amazon’s prices rose on 1,200 of its cheapest household goods, competitor Walmart (WMT) lowered prices on the same items by nearly 2%.
Amazon said the products tracked the Journal tracked didn’t represent the Seattle e-commerce giant’s prices overall.
“We have not seen the average prices of products offered in our store change up or down appreciably,” the company said in a statement. “Our commitment to offering low prices — not relative percentage changes — is what delivers the most value to our customers.”
Manufacturers of several of the products that became more expensive on Amazon say they haven’t raised the prices they charge retailers
And in keeping with the flying theme, Amazon’s Project Kuiper satellite internet initiative has been taking off.
On July 16, Amazon launched 24 satellites, bringing the total to 78. Interestingly enough, SpaceX, which is owned by Tesla (TSLA) CEO Elon Musk, launched Amazon’s third batch of satellites.
Amazon’s Project Kuiper is looking to launch more than 3,000 satellites to offer internet connectivity to 400 million to 500 million households, as well as some governments and enterprises.
Analyst sees Amazon topping estimates
Baird analyst Colin Sebastian focused on Project Kuiper in a research note, where he boosted his Amazon price target to $244 from $220 and affirmed an outperform rating on the shares.
He said that Amazon’s Kuiper spending remains under scrutiny, particularly with its launch timelines in question.
“But what is less discussed among investors is the potential for the Kuiper constellation over the long-term to serve as a ‘launchpad’ for a broader range of consumer and end-to-end ‘space technology’ services,” Sebastian said, according to Investors Business Daily.
“What we envision is an offering that integrates space hardware, software and infrastructure in ways that probably only a few large-scale enterprises, and some large countries, have the resources and capability to build,” he added.
Sebastian speculated about an “Amazon Space Platform” that could use the company’s investment in cloud infrastructure, Project Kuiper satellites, robotics and other technologies.
This could include “smart satellites” that power space-related cloud services and even orbiting data centers that startups and public agencies could use, the analyst said.
Amazon is required by the Federal Communications Commission to launch roughly half its satellites by July 2026. Sebastian forecast that Amazon will have just over 700 satellites in orbit by next July.
Related: Analyst who correctly predicted Rocket Lab stock surge resets forecast
The company is scheduled to report second-quarter results on July 31. Amazon shares are up 3.6% this year and up nearly 25% from this time in 2024.
Citi analyst Ronald Josey raised the investment firm’s price target on Amazon to $265 from $225 and maintained a buy rating on the shares, according to The Fly.
The analyst expects Amazon’s revenue and operating profit to top estimates with retailing trends improving through the quarter. Amazon remains one of Citi’s top internet picks due to rising web-services demand and expanding margins.
Needham raised its price target on Amazon to $265 from $220 and also reiterated a buy rating.
Record-breaking Prime Days in Q3 should drive upside to Amazon’s outlook, the firm said, adding that peak tariff woes are behind the company.
Related: Fund-management veteran skips emotion in investment strategy