its internet, its consumer spending, its technology and its big business. nothing has the positioning that amazon does, and its not going to change in the foreseeable future. the trade war crushed the price, but when we reached a balance with imports amzn shot right back. in 2019 more trade war news crashed it, and when we made a deal with china it rose again. corona slammed it to the downside, and when we intervened to save the economy we went bull again. now inflation, runoff on the balance sheet and subsequent rate hikes have drained the momentum once more, but when that is priced in theres no reason we shouldnt have another wave to the upside. $200 seems in order eventually. with all the things that amazon does now there isnt a better business model.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.