Amazon (AMZN) / Jeff Bezos 02 (Nov 18 - Dec 26)

[winston]

not vested

What to Do About Amazon (AMZN) Stock Right Now

With rampant inflation, Amazon’s e-commerce business is suffering from not only rising product costs but rising expenses. On top of that, consumers have less money to spend, so they can’t buy nearly as many products, impacting Amazon’s revenue.

Amazon Web Services (AWS), which could usually be relied on to “pick up the slack” in any retail slowdown, is also getting hit. Amazon discussed on its most recent earnings call that businesses are hitting speed bumps in their growth and scaling back on many of their Cloud expenses.

Given the current economic outlook and trading at an elevated valuation, it is not a good time to “buy the dips” and build a bigger Amazon stock position.

Source: Money Morning

https://dailytradealert.com/2022/12/18/ ... right-now/

[winston]

not vested

These Will Be The Best 10 Stocks In 2023, Analysts Say

by MATT KRANTZ

Analysts are almost equally bullish on Amazon.com's stock.

Yes, shares of the online retailer are down 49.2% this year to 84.61. But analysts think in 12 months' time they'll be back up to 141.68 or nearly 68% higher.

But in this case, analysts are banking on a comeback year in 2023, to follow a dismal 2022.

Amazon is expected to return to making a profit of $1.69 a share in 2023, after losing 9 cents a share in 2022.

Source: IBD

https://www.investors.com/etfs-and-fund ... src=A00220

[winston]

not vested

Did Amazon Stock Bottom in 2022 or Are More Losses on the Way?

Amazon stock is down 50% so far on the year. The stock must hold key support.

by BRET KENWELL

Amazon's seemingly strong and resilient business in the cloud with Amazon Web Services is showing some cracks, while its retail business has been prone to rising inventory and transportation costs, alongside fluctuations in consumer spending.

Should $80 fail as support, then the $72 to $73 area stands as a possible landing spot. That’s the 61.8% retracement of the stock’s entire trading range and the 161.8% downside extension of the current range.

Lastly, the $67.50 area stands out as notable support. That would represent a 19% decline from current levels and equate to a 64.1% decline from the all-time high.

For now, though, let’s see how the low-$80s do as support.

Source: The Street

https://www.thestreet.com/investing/sto ... Bthe%2BWay?

[winston]

not vested

It's Finally the Perfect Time to Buy Amazon Stock

by Luke Lango

The Cloud business is still growing at a 28% year-over-year clip. And it slowed in line with the cloud slowdowns at Alphabet and Microsoft (MSFT ) – so Amazon Web Services isn’t losing share.

The ad business actually saw its growth rates accelerate in the quarter to 30%. Against the backdrop of Meta and Alphabet’s YouTube division reporting negative ad revenue growth, that’s very impressive. Amazon’s ad business is clearly gaining significant market share.

The online stores business returned to growth after three consecutive quarters of contraction due to tough pandemic comps. The physical store business continues to grow steadily.

The stock is trading around 1.8X trailing sales, more than two standard deviations below the stock’s five-year-average sales multiple.

Source: Hypergrowth Investing

[behappyalways]

Amazon says it will cut over 18,000 jobs, more than initially planned
https://www.cnbc.com/2023/01/04/amazon- ... anned.html

[winston]

not vested

3 Reasons to Buy Amazon Stock, According to DBS

1. The Cloud segment is still showing “resilience. Taking a 32% share of the global market certainly helps and considering that it contributed just 16% to 3Q22 revenue but represented all the company’s profit,

2. Amazon’s Advertising business, which is expected to account for 7% of global digital ad revenue in 2022, compared to less than 1% just six years ago. The segment generated revenue of $9.6 billion in 3Q22, amounting to a 25% year-over-year uptick, easily beating rivals such as SNAP (6%), TWTR (2%) and META (-4%).

3. 38% chunk of the US e-commerce sector.

$124 price target

Source: TipRanks

https://finance.yahoo.com/news/3-reason ... 07107.html

[behappyalways]

Why Amazon's Marketplace Failed In China.
https://m.youtube.com/watch?v=g3ddcu-LLWI

[winston]

not vested

Amazon Slumps After Weak Holiday Quarter, Muted Outlook

Posted weaker-than-expected fourth quarter earnings and a muted near-term outlook.

Amazon said online sales fell 2.3% from last year to to $64.53 billion, suggesting weakening consumer spending over the final months of the year, although overall revenues of $149.2 billion came in firmly ahead of Street forecasts.

Amazon Web Services contributed $21.38 billion, rising 202.% from last year, a similar pace of growth recorded over the three months ending in September but just inside the Street forecast of around $22 billion.

Looking into the current quarter, Amazon said it sees operating income of between zero and $4 billion on revenues in the range of $121 billion to $126 billion, compared to the Refinitiv forecast of around $125.1billion.

Source: The Street

[winston]

not vested

Amazon.com, Inc. (AMZN) – Announced Thursday, February 2

Amazon rounded out its fiscal year 2022 with a mixed fourth quarter.

The company reported adjusted earnings of $0.03 per share, which came in below analysts’ estimates for earnings of $0.15 per share.

Revenue rose 7.9% year-over-year to $149.2 billion, well above analysts’ projections for revenue of $145.37 billion.

This compares to earnings of $1.39 per share and revenue of $137.4 billion in the same quarter of last year.

Amazon Web Services (AWS) revenue increased 20% year-over-year to $21.3 billion, just shy of analysts’ estimates for $21.76 billion.

Total sales for fiscal year 2022 came in at $514 billion, up 9% compared to $469.8 billion in 2021.

For full-year 2023, revenue is expected to jump to $556.57 billion.

For the first quarter of 2023, Amazon anticipates that revenue will rise between 4% and 8% to $121 billion and $126 billion, with growth driven by Amazon’s need to make customers’ lives better and easier every day.

Earnings per share are forecast to come in at $1.58, down from earnings per share of $3.24 a year ago.

CEO Andy Jassy said in a statement that “in the short term, we face an uncertain economy, but we remain quite optimistic about the long-term opportunities for Amazon.”

AMZN shares fell more than 6% on Friday in the wake of its earnings results.

Source: Market 360

[winston]

AMAZON INC (AMZN US)

Recommendation : BUY
Fair Value : USD 150.00

MIXED OUTLOOK IN FY23, BUT MORE CONFIDENT OF RECOVERY ON PROFITS.

Non-AWS business (e-commerce, advertising) seeing better margins on cost efficiencies
More growth drivers emerging within the non-AWS business segments in FY23
AWS growth continues to slow down as industry headwinds continue
Long-term investment thesis intact, and financials should improve in FY23. Upgrade FV to USD150

Amazon.com Inc (AMZN, stock code: AMZN US) is well-positioned as a market leader in e-commerce and public cloud businesses, where the secular trends remain in early to mid-stages and growth continues to be strong.

We expect AMZN’s e-commerce profit to recover over the next 2 years on the back of stronger focus on cost control and more conservative CAPEX plans by the management.

Amazon Web Services (AWS) continues to enjoy structural growth, driven by higher penetration of IT spending into public cloud segment.

We favour AMZN as an earnings turnaround and structural growth play over the long term. AMZN’s customer proposition and wide network reach with their Prime app and businesses offer new opportunities for growth.

While the share price should trend towards our fair value (FV) over the long term, we are cognizant of the possibility of near-term volatility given an unstable macro background and believe that long term investors should gradually add exposure on weakness ahead.

Source: OCBC