Amazon
Amazon delivers results for the first quarterAmazon announced its earnings for the first quarter of 2024 yesterday after the closing bell. The company reported net sales worth $143.3 billion, marking a 13% YoY increase, and net income of $10.4 billion, up 225% YoY. Operating income rose to $15.3 billion, representing a growth of 218% YoY, with the AWS segment contributing $9.4 billion to the figure and accounting for 62% of the total operating income. In addition, the company’s operating cash flow increased by 82% to $99.1 billion for the trailing twelve months, compared with $54.3 billion for the trailing twelve months ended by 31st March 2023. These results topped the estimates, and the company’s shares slightly soared in the aftermarket.
Net sales = $143.3 billion (13% YoY) vs. $127.4 billion in 1Q23
Net income = $10.4 billion (225% YoY) vs. $3.2 billion in 1Q23
Operating income = $15.3 billion (218% YoY) vs. $4.8 billion in 1Q23
Additional information:
Amazon sales in North America rose by 12% YoY.
International sales grew 9.6% YoY.
Sales within the AWS segment increased by 17% YoY.
Sales within Amazon’s advertisement unit grew by 24% YoY.
Forward guidance
Net sales for the second quarter of 2024 are expected to fall between $144 billion and $149 billion, representing a growth between 7% and 11% compared with the second quarter of 2023. Operating income is expected to be between $10 billion and $14 billion, compared with $7.7 billion in the second quarter of 2023.
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DISCLAIMER: This analysis is not intended to encourage any buying or selling of any particular securities. Furthermore, it should not be a basis for taking any trade action by an individual investor or any other entity. Therefore, your own due diligence is highly advised before entering a trade.
Amazon Surges on Earnings Beat Despite Cloud Growth ConcernsIn a whirlwind of earnings reports, Amazon.com ( NASDAQ:AMZN ) managed to dazzle investors with a stellar performance in the first quarter, even as concerns linger over its cloud-computing growth trajectory.
The e-commerce giant reported a 13% surge in first-quarter sales, reaching $143.3 billion, surpassing Wall Street's expectations. Bolstered by strong demand across its various segments, Amazon ( NASDAQ:AMZN ) saw its shares climb as much as 6% in after-hours trading, though settling at a 3% gain following a 3.3% decline in the regular session.
However, Amazon's second-quarter revenue forecast fell below analyst expectations, signaling caution amid anticipations of subdued spending on cloud-computing services by cost-conscious businesses. Despite Amazon Web Services (AWS) posting a commendable 17% rise in revenue to $25.0 billion, concerns linger over its growth rate compared to competitors like Microsoft and Alphabet.
CEO Andy Jassy remains optimistic, citing a resurgence in companies' infrastructure modernization efforts and the appeal of AWS's AI capabilities, propelling AWS's growth rate forward. Jassy boldly predicts AWS's trajectory toward achieving $100 billion in annual sales, underscoring the company's commitment to innovation and market leadership.
Amazon's first-quarter net income more than tripled to $10.4 billion, significantly surpassing analysts' expectations and reflecting the company's ability to capitalize on shifting consumer behaviors and economic trends. However, despite this impressive performance, Amazon diverges from its Big Tech peers by bucking the trend of announcing a dividend, a move celebrated by investors in rival companies like Alphabet and Meta Platforms.
The decision to forgo a dividend announcement underscores Amazon's focus on reinvestment and future growth opportunities, with CEO Andy Jassy prioritizing innovation and expansion over short-term investor gratification. As one of the few tech giants not offering dividends, Amazon continues to chart its course by maintaining a steadfast commitment to its long-term vision.
Despite challenges and fluctuations in employment figures, Amazon ( NASDAQ:AMZN ) remains a powerhouse, with 1.52 million employees and a resilient stock performance, outpacing the broader market in 2024. While uncertainties loom, Amazon's relentless pursuit of innovation and market dominance positions it as a force to be reckoned with in the ever-evolving landscape of e-commerce and technology.
As the company navigates the complexities of the global economy and competitive pressures, Amazon's resilience and adaptability continue to inspire confidence among investors and analysts alike, cementing its status as a cornerstone of the modern digital economy.
Sharing AMZN chart from the TTR We are short as of high of the Sharing AMZN chart from the TTR
We are short as of high of the day
AMZN reports after the close
The price has re-tested the broken ending diagonal channel from below, a bearish signal by itself.
I will take one lotto put. Implied volatility for AMZN stock is about 8% in either direction
AMAZON 189 AFTER OR BEFORE EARNINGS ?Reasons Why !!
Key Financial Insights:
Stock Price: Amazon’s stock reached a peak of $189.77 on April 11, 2024, showcasing a remarkable uptrend1.
Market Performance: The company’s strong market performance is evident as the stock price hovers close to its 52-week high.
Behind the Surge:
Amazon continues to dominate the e-commerce space with innovative strategies and a customer-centric approach.
The company’s expansion into new markets and consistent investment in technology and infrastructure contribute to its financial health.
Investor Confidence:
The rise to $189 signifies a vote of confidence from investors who are optimistic about Amazon’s direction and leadership.
Analysts remain bullish on the stock, with projections of further growth and a positive outlook for the company’s profitability
EURUSD LONG TERM IDEA TO 1.0850FX:EURUSD LONG TERM LONG IDEA 1.0850 TP
As we navigate through the complexities of the forex market, the EUR/USD pair has been a focal point for traders worldwide. With the current exchange rate hovering around 1.07 USD for 1.00 EUR1, the question on everyone’s mind is whether the Euro can strengthen to reach the 1.0850 mark against the US Dollar in the upcoming month.
Recent trends have shown the Euro attempting to find its footing, with analysts noting a mix of hesitation and positive momentum23. The currency pair has been working against significant downward pressure but remains within a consolidation area, suggesting a potential for upward movement.
The financial world is abuzz with speculation, as some experts hint at the possibility of the EUR/USD pair falling to parity4, while others see a glimmer of hope for the Euro to rally. Support levels are currently set around 1.05164, with resistance levels at 1.08848, indicating that the 1.0850 price point is within reach, should the market conditions favor the Euro5.
Investors and traders are advised to keep a close eye on the upcoming economic data releases and policy decisions from both the European Central Bank (ECB) and the Federal Reserve (Fed). These events could significantly influence the direction of the EUR/USD exchange rate.
As we approach the next month, the anticipation builds. Will the Euro rise to meet the 1.0850 challenge, or will the US Dollar maintain its dominance? Only time will tell, but one thing is certain—the forex market remains an exciting arena for those with the acumen to navigate its waves.
AMAZON Under the 1D MA50 after 6 months. Is the bleeding over?Amazon (AMZN) has broken and closed below its 1D MA50 (blue trend-line) for the first time in 6 months (since October 27 2023). Last time this happened, the stock had already begun the 2nd Bearish Leg (-18.83% decline) of the 2-year Channel Up.
As a result, there's a real possibility for the stock to reach as low as the 0.382 Fiboancci retracement level and the 1D MA200 (orange trend-line) to form a new Higher Low near the bottom of the Channel Up and then rebound.
As long as the Channel Down of the Bearish Leg is intact and Amazon doesn't close a 1D candle above the 1D MA50, we will wait for a more comfortable buy at $160.00 and we will target $200.00 (+31.87% symmetrical rise as Dec 20 2023).
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✅AMAZON BEARISH SETUP|SHORT🔥
✅AMAZON broke out of
The rising narrowing wedge
And the price is now going
Up in a rebound to retest
The broken levels above
But I am locally bearish
Biased and I will be
Expecting a further
Move down
SHORT🔥
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TESLA 130 AFTER EARNINGS !! High Valuation: Tesla’s market capitalization has skyrocketed in recent years, leading some to argue that its current valuation is not justified by its earnings or sales figures. If these critics are correct, Tesla’s stock could be overpriced, and a market correction could be on the horizon.
2. Competition: The EV market is becoming increasingly crowded. Traditional automakers like General Motors and Ford are ramping up their EV production, and newcomers like Rivian are making waves as well. Increased competition could erode Tesla’s market share.
3. Regulatory Risks: Tesla operates in a highly regulated industry. Changes in policies related to EVs, self-driving technologies, or environmental standards could have a significant impact on Tesla’s operations.
4. Production and Delivery Challenges: Tesla has faced criticism for production delays and quality control issues in the past. If these problems persist, they could harm Tesla’s reputation and bottom line.
Amazon (Amzn) sold the $188 level. Here's what next...Hello Traders, Skyboxpips here!
Amazon stock did a sell off from the $188 level last week to the $173 price level closing out the previous weekly candle bearish.
Amazon is doing a retracement for the retest
It feels satisfying when predictions play out.
Amazon channel is turning bearish to $134.51 watch outAmazon has had an incredible run. It's moved from $118 to $188 since November 2023.
But now it looks like the momentum is starting to slow down.
We haven't got a confirmed signal but we see a slow down in buying and the market is at the bottom of the channel.
There is still a gap to close and for the this reason, I'm anticipating a fall in Amazon in the next few weeks. THe first target will be at $134.51 and will be a medium term analysis.
AMZN has topped - Apr 18 2024AMZN got a perfect weekly topping candle, followed by a bearish engulfing candle (one more day to confirm)
Watch for a dip below the 150 level.
Im going to short it very soon, will post it live when I do
Amazon AnalysisAmazon has taken liquidity to the upside, we at Capital Wisdom see a necessary pullback to lower levels.
In our indicators NASDAQ:AMZN is HOLD , we have a big liquidity at $161.21, we have big selling pressure from the insiders, more than $ 8B in selling.
Overall
Company has healthy profit margins, considering the average of the sector
Company has healthy debt considering revenue and cash at disposal
If we get a big market correction because of interest rates we could visit $ 120 levels.
We see that as the most probable scenario.
But if the markets continues to the upside, we see as a possible target the range of $230.
If you want more information you can check our website for free.
Amazon AMZN shortsHello Traders, Skyboxpips here!
We posted an analysis prior stating that AMAZON stock will be visting the $188 level.
Amazon stock price attempted to do a bullish breakthrough of the 188 level but was met with resistance from the sell pressure.
AmazonHello Traders, Skyboxpips here!
We posted an analysis last week stating that Amazon stock will reach that $188 level. We are at that level awaiting a break and retest to the buy-side to carry forward the bullish trend momentum.
That 188 level is acting as a small resistance level
Amazon Grows To Over 750,000 RobotsAmazon ( NASDAQ:AMZN ), the e-commerce giant, is undergoing a profound transformation as it embraces automation at an unprecedented scale. With over 750,000 robots now working alongside its human employees, the company is reshaping the future of work in its fulfillment centers.
This surge in automation comes as Amazon ( NASDAQ:AMZN ) seeks to optimize efficiency, safety, and delivery speed for its customers. New robot models like Sequoia and Digit are revolutionizing inventory management and order processing, freeing up human workers from repetitive tasks.
However, this shift toward automation raises important questions about the future of employment. While Amazon insists that robots are meant to complement human labor, concerns about job displacement and the implications for the workforce are inevitable.
Critics argue that the rapid deployment of robots could lead to job losses, particularly in tasks that are easily automated. Research suggests that industrial robots have a significant negative impact on workers, affecting jobs and wages in the areas where they are deployed.
Yet, Amazon ( NASDAQ:AMZN ) contends that automation has led to the creation of new skilled job categories within the company. This evolution reflects a broader trend where human employees are transitioning to more complex, nonrepetitive tasks that require higher levels of skill and creativity.
Nevertheless, the integration of robotics and artificial intelligence (AI) is reshaping industries and the labor market, presenting both opportunities and challenges. As Amazon ( NASDAQ:AMZN ) navigates these changes, the broader challenge for society will be to ensure that the benefits of automation are shared equitably and that workers are prepared for the jobs of the future.
Amazon's ( NASDAQ:AMZN ) journey into automation serves as a microcosm for broader trends in the economy. As technology continues to advance, the key will be to harness its potential to improve productivity and enhance human lives while addressing the societal impacts of automation on employment and income inequality.
Technical Outlook
Amazon ( NASDAQ:AMZN ) stock is riding on the bullish train with a Relative Strength Index (RSI) of 71.99 indicating room for more growth in the near term. The stock is trading above the 200-day Moving Average.
BLACKROCK TP 806 As of the most recent data, the stock price for BLK is approximately $803.981. Here are some relevant points to consider:
Analyst Consensus Price Target (2024): The average consensus price target for BlackRock is $796.00, with a range from $542.00 (low) to $938.00 (high). This indicates a potential upside of approximately 0.60% from the current price.
Long-Term Forecast (2025): Based on technical indicators, the current sentiment is bearish, but BLK could still hit $1,167.96 by 20252. Keep in mind that trading in bearish markets can be challenging and may result in losses.
Long-Term Price Forecast (2050): Analysts predict that by 2050, the median target price for BLK could be $4,462.69, representing a substantial increase from the current price.
SHOR WELLS FARGO IDEA BACK TO 48 TP KEY FACTORSThe stock price of Wells Fargo & Company (WFC) can be influenced by several key factors:
Interest Rates: Wells Fargo is a big beneficiary of rising interest rates. When the Federal Reserve raises its benchmark overnight lending rate, it positively impacts banks. Wells Fargo’s margins widen as yields on interest-earning assets (such as loans) reprice higher with the federal funds rate, while the yields on interest-bearing liabilities (like deposits) remain relatively stable. The recent hawkish stance by the Fed, with expectations of multiple rate hikes, further supports Wells Fargo’s profitability.
Earnings Estimates: Analysts’ revisions to earnings estimates play a crucial role. When earnings estimates for a company go up, its stock’s fair value tends to increase as well. Wells Fargo’s expected earnings per share for the current quarter and fiscal year are important indicators. Although the consensus estimates have changed slightly, they still impact investor sentiment.
Efficiency Initiatives: Wells Fargo is conducting a multi-year efficiency initiative to cut annual expenses and streamline operations. If successful, this could positively affect the bank’s profitability and stock price.
Asset Cap Removal: The asset cap imposed on Wells Fargo since 2018 (due to the phony-accounts scandal) restricts the bank from growing its balance sheet. Investors hope that the removal of this cap will enhance the stock’s valuation and overall performance.
Amazon at ATH $188Hello Traders, Skyboxpips here
Amazon has been in a bullish trend and is near the $188 level with great bullish momentum.
We can anticipate Amazon reacting to the $188 level by a false breakout then sell to the short-side or a break and retest to the buyside.
I
The fifth wave has expanded? or third waveDear analysts and traders,
I hope you are doing well and are motivated for the week ahead. I wish you all the success in your business endeavors. Remember that success in trading lies in consistently defining and sticking to your rules.
As someone interested in the Elliott Wave Principle, I find it to be an invaluable tool for market analysis. I have developed my approach by combining this principle with my personal experience and by considering different scenarios that are likely to occur in the market. It should be noted that I do not like to be surprised in the market, and that's why I have different market prospects. I follow them to be sure and recognize the structure that is forming so that I can 100% recognize it.
I will share my analysis with you, but please note that I am not providing any buy or sell signals. My perspective on idea analysis is completely unbiased, so if the idea analysis meets your standards, you can use it as a guide to make an informed decision.
I have attached my previous analysis of the same market so that you can compare and see the differences. All the details of my analysis are clearly labeled, making it easy for you to understand. However, having a basic familiarity with the Elliott Wave Principle theory will help you understand the analytical idea more easily.
I have been studying the Elliott Wave Principle for almost three years now, and over time, my understanding of this knowledge and experience has grown. What I have achieved so far is the legacy of a genius called Ralph Nelson Eliot, and I am really happy with my progress. May peace be upon him.
Thank you for your support so far. I will always remember your kindness. Please share your comments and criticisms with me.
I hope my analysis will be useful to you in your business journey, and I wish you all the best.
Sincerely,
Mr. Nobody
We are in Amazon wave 1 and 2 weekly outlookDear analysts and traders,
I hope you are doing well and are motivated for the week ahead. I wish you all the success in your business endeavors. Remember that success in trading lies in consistently defining and sticking to your rules.
As someone interested in the Elliott Wave Principle, I find it to be an invaluable tool for market analysis. I have developed my approach by combining this principle with my personal experience and by considering different scenarios that are likely to occur in the market. It should be noted that I do not like to be surprised in the market, and that's why I have different market prospects. I follow them to be sure and recognize the structure that is forming so that I can 100% recognize it.
I will share my analysis with you, but please note that I am not providing any buy or sell signals. My perspective on idea analysis is completely unbiased, so if the idea analysis meets your standards, you can use it as a guide to make an informed decision.
I have attached my previous analysis of the same market so that you can compare and see the differences. All the details of my analysis are clearly labeled, making it easy for you to understand. However, having a basic familiarity with the Elliott Wave Principle theory will help you understand the analytical idea more easily.
I have been studying the Elliott Wave Principle for almost three years now, and over time, my understanding of this knowledge and experience has grown. What I have achieved so far is the legacy of a genius called Ralph Nelson Eliot, and I am really happy with my progress. May peace be upon him.
Thank you for your support so far. I will always remember your kindness. Please share your comments and criticisms with me.
I hope my analysis will be useful to you in your business journey, and I wish you all the best.
Sincerely,
Mr. Nobody
AMAZON: Bullish continuation to 210.Amazon is bullish on its 1D timeframe (RSI = 67.557, MACD = 2.990, ADX = 31.700) as it is unfolding a very stable uptrend supported by the 1D MA50. This is the second bullish wave of the Channel Up, that is the dominant long term pattern. The 1D MACD suggests that we are entering the final phase of this wave that is aiming for a HH at +78.73% from the HL. We are bullish (TP = 210.00).
See how our prior idea has worked out:
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Good time to invest in AMZN stocksWeekly AMZN chart looks great, possibly a 55% upside in the next few months. I'll follow it for sure and a great time to invest and stock up on Amazon.
