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Amazon's Soaring Performance Sparks Investor Interest...Amazon's Soaring Performance Sparks Investor Interest: A Deeper Look at the FAANG Giant's Potential Amazon, the e-commerce behemoth, has been riding an impressive upward trajectory in the stock market following a highly favorable quarterly update that ignited optimism among investors. With a remarkable revenue of $134.4 billion, showcasing an impressive 11% year-over-year growth, and a substantial leap in diluted earnings per share to $0.65, a noteworthy improvement from the previous year's loss of $0.20, Amazon has not only exceeded expectations but has also sent ripples of excitement through Wall Street. This momentous performance resulted in a notable 10% surge in the stock's value the day following the announcement. The current landscape finds Amazon basking in robust momentum across its diverse business segments. Yet, amid the excitement, a crucial question emerges: Are Amazon shares a prudent investment choice at this juncture? To make a well-informed decision, investors must meticulously examine several pivotal factors revolving around this prominent FAANG stock. Within Amazon's performance, two compelling narratives beckon investors' attention. The first narrative centers on the company's exceptional double-digit revenue growth in the preceding quarter – a feat that is particularly remarkable given Amazon's colossal size. This growth serves as a testament to the expansive potential that still lies within the markets Amazon operates in. Furthermore, this robust revenue surge hints at a stabilizing operational environment, bolstered by the overall resilience of the economy characterized by temperate inflation rates and low unemployment. Notably, other tech giants like Apple, Alphabet, Microsoft, and Meta Platforms have similarly surpassed the consensus analyst revenue projections, contributing to the favorable outlook for Amazon. The second aspect that adds to the allure for investors is Amazon's remarkable surge in profitability. A stark contrast to the $2 billion net loss reported in the same period a year ago, the most recent quarter boasts a substantial profit of $6.8 billion. Emulating its tech counterparts, Amazon adeptly implemented effective cost-cutting strategies, significantly reducing its employee headcount by 27,000 since the close of the previous year. Consequently, the company's operating margin has ascended to 5.7% in Q2, a substantial leap from the 2.7% recorded in the corresponding quarter of the preceding year. Glimpsing into the future, the positive trajectory continues as Amazon's management forecasts an impressive performance for the ongoing quarter. Anticipated revenue growth ranging from 9% to 13% accompanies an even more striking projection of a 180% surge in operating income at the midpoint. These promising forecasts offer compelling grounds for investors to consider Amazon as a potent contender for their investment endeavors. Of paramount significance to investors is Amazon's flagship e-commerce operations, which remain a cornerstone of the company's identity and performance. Noteworthy is the notable 5% growth in sales experienced by the company's online stores, marking a substantial improvement compared to the stagnant growth witnessed in Q2 2022. This segment notably contributed to a significant 39% of Amazon's total revenue during the last quarter, underscoring its pivotal role in the company's overarching success. In the context of the surging interest in artificial intelligence (AI), it comes as no surprise that AI took center stage during the Q2 2023 earnings call. CEO Andy Jassy emphatically emphasized Amazon's unwavering commitment to integrating generative AI applications across all facets of the business to elevate customer experiences. Amazon Web Services (AWS), a dominant force in the cloud industry, is poised to emerge as a pivotal nexus for AI integration within its offerings. Jassy's emphasis on data as the cornerstone of AI further accentuates Amazon's vantage point, given its vast customer base in the cloud sector, positioning the company as a trailblazer in the AI revolution. While AWS exhibited a minor deceleration in sales growth at 12% year over year during the last quarter, the impressive 24.2% operating margin underscores the unwavering strength and profitability of AWS within Amazon's multifaceted business portfolio. As Amazon's potent momentum prevails, numerous factors kindle optimism about the company's future prospects. Reinvigorated revenue growth coupled with a consistent ascent in profits underscores a robust performance spanning all operational segments. This stellar performance hasn't gone unnoticed by investors, resulting in an astonishing 69% surge in the stock's value in 2023 (as of August 4). Remarkably, even in the midst of this surge, the stock remains attractively priced, trading at a trailing price-to-sales multiple of 2.7 – notably lower than its trailing 10-year average of 3.1. In actuality, excluding the past year, Amazon hasn't exhibited such appealing valuation since 2017. Positioned as a commanding force that profoundly influences both consumers and businesses on a daily basis, Amazon commands a pivotal role in the market while offering abundant growth potential for the future. In light of these compelling factors, Amazon emerges as an enticing candidate worthy of consideration for inclusion in one's investment portfolio.
NASDAQ:AMZNLong
by FOREXN1
4
Amazon Potential H & S Amazon - NASDAQ:AMZN - Reaching into over bought levels - A pull back from current levels would not surprise - A pull back could form a head & shoulders pattern - A break out above OBV would be ideal, should this occur this week that will change the outlook. Rejection from over bought levels and the OBV resistance line (which has consistently rejected price since 2020) seems probable. On the flip side we have a bullish MACD cross on the monthly timeframe which could mean we just need a little more time to mount. All of the above leans me towards the H&S idea, short term pull back and continuation. If the H&S played out there would be a great opportunity to trade specific levels outlined with good actionable stop loss / low risk profile. At present there is a high risk of rejection. This is not guaranteed. Just more probable at present. I'll be observing for now....but I would love to get exposure but on my own terms with less risk. PUKA
NASDAQ:AMZN
by PukaCharts
✅ Daily Market Analysis - MONDAY AUGUST 07, 2023Key News: USA - FOMC Member Harker Speaks USA - FOMC Member Bowman Speaks UK - BoE MPC Member Pill Speaks European markets managed to eke out modest gains on Friday, offering a small respite after enduring an overall negative week. The prevailing market sentiment was burdened by worries related to earnings guidance downgrades and the continuous rise in long-term yields. Nevertheless, the release of a mixed US jobs report played a role in stabilizing sentiment and provided a lift to the DAX and FTSE100 from their weekly lows. The report indicated a slowdown in jobs growth during July, coupled with downward revisions to previous months' data. This suggested that the central bank's rate hikes have had an impact and that no further rate hikes are anticipated at this time. The combination of these factors contributed to the market's rebound towards the end of the week. DAX Indices H4 chart FTSE 100 indices H4 chart The S&P 500 index encountered a decline, mainly influenced by a drop in Apple's stock and a mixed July jobs report. The report revealed that job gains in July were lower than anticipated, but there was a slight increase in wages, leading to concerns about the possibility of a re-acceleration in inflation. As a result of these factors, the S&P 500 index experienced a 0.5% decrease, while the Dow Jones Industrial Average fell by 0.4% or 143 points, and the Nasdaq saw a decline of 0.2%. The market's reaction to the employment data and Apple's performance weighed on investor sentiment, contributing to the overall downturn in the indices. NASDAQ indices H4 chart SPX500 indices daily chart In July, the economy added 187,000 new jobs, which was slightly below economists' expectations of 200,000. However, there was a slight uptick in average hourly earnings, and the unemployment rate unexpectedly declined, indicating that the labor market remains tight. This situation may prompt the Federal Reserve to consider further actions to curb economic growth and manage inflation. Interestingly, Treasury yields experienced a decline as investors speculated that the Fed might have already concluded its last interest rate hike in the previous month. It appears that the tightening measures implemented thus far are starting to have an impact on the economy and the labor market. The market sentiment is reflecting the belief that the Fed may be cautious in pursuing additional rate hikes, considering the current economic conditions and employment data. Economists from Pantheon Macroeconomics emphasized that they still expect inflation numbers to be robust enough to influence the Federal Reserve's decisions in September. However, they acknowledge that the situation is uncertain and not a definite outcome. Investors are closely monitoring these economic indicators and policy developments to navigate the market's prevailing uncertainty. Despite Apple Inc (NASDAQ: AAPL) reporting better-than-expected quarterly results, the company's stock experienced a significant decline of more than 4%. The drop was attributed to concerns regarding weaker iPhone demand persisting into the current quarter. While Apple's management is actively working on improving operational efficiency through cost-cutting measures, UBS pointed out that the challenging smartphone market, especially in developed regions, may act as a headwind for the company's stock performance throughout the remainder of 2023. The market sentiment towards Apple's stock remains cautious as investors carefully assess the company's outlook and its ability to navigate through market challenges. Apple stock daily chart In contrast, Amazon.com Inc (NASDAQ: AMZN) received praise for its outstanding performance in the earnings report. The company's stock surged by 9% following the announcement of better-than-expected results for the second quarter. A notable highlight of the report was the exceptional performance of Amazon Web Services, the company's cloud business, which contributed significantly to its impressive financial performance. The market responded positively to Amazon's strong performance, reflecting confidence in the company's ability to deliver robust results and capitalize on its cloud services business. Amazon stock daily chart The contrasting reactions to the quarterly earnings of tech giants Amazon and Apple highlight the complexities and challenges in the market. While Amazon impressed with its strong performance, concerns about the smartphone market weighed down on Apple's stock despite positive financial results. Investors are carefully analyzing industry trends and company strategies to make well-informed decisions in a rapidly evolving market. Over the past two weeks, major central banks, including the Fed, ECB, and BoE, have conducted policy meetings, resulting in 25bp rate hikes. In contrast, the BoJ and RBA maintained their policy rates unchanged. The Fed and ECB emphasized a data-dependent approach, while BoE and ECB members expressed patience. The BoJ took a small step towards policy normalization by introducing greater flexibility to its yield curve control. Amidst these diverse central bank policies and economic indicators, investors are closely monitoring data and policy statements to understand the trajectory of global monetary policies and their potential impacts on the markets. Gold prices experienced a slight recovery on Monday after significant losses in the previous week. The recent surge in US Treasury yields, driven by concerns over higher interest rates and a US ratings downgrade, had put significant downward pressure on gold prices in recent trading sessions. As market conditions continue to evolve, investors are closely watching developments that could influence gold prices in the future. XAU/USD H4 chart Despite a minor rebound on Friday following weaker-than-expected nonfarm payrolls data, gold still ended the week with a 1% decline, marking its worst performance in over a month. Currently, market attention has shifted to the upcoming US consumer price index inflation data scheduled for release on Thursday, which will provide crucial insights into the state of the world's largest economy. If the inflation data indicates a pickup after the sharp decline in June, it could fuel expectations of additional interest rate hikes from the Federal Reserve. In anticipation of strong inflation readings, gold is expected to continue its retreat, while the dollar is poised to appreciate. The market sentiment suggests that investors are closely monitoring economic indicators and central bank policies, which will influence the trajectory of gold prices and the US dollar in the coming days.
by FOREXN1
22
I want to buy either AMZN or a leveraged gold ETF like JNUGSo my question is which one is better right now? To anwer that question, I set up a daily chart of the ratio of the prices with a volume profile and anchored VWAP for context and analysis. I have found that the ratio had a pullback into the support of an anchored VWAP band below the higher and to the POC line where a bullish contnuation resumed. On the RSI both the low and high RS lines are in a healthy midrange. HA Candlesticks are fairly wide-ranged and rising from a base at the POC line. My conclusion is easy, buy AMZN now. If or when rather AMZN cools off, incrementally sell out of it perhaps to add to the leveraged gold ETF. I am a long term gold bug but need to trade in the moment, and AMZN right now has far more glitter.
NASDAQ:AMZNLong
by AwesomeAvani
1
AAPL - Rising Trend Channel [MID -TERM]🔹Achieved target at 193 after breakout inverse head and shoulders formation. 🔹Supports at 174 and resistance at 196. 🔹NEGATIVE volume balance indicates higher volume on falling days. 🔹Technically NEUTRAL for medium long-term. Chart Pattern; 🔹DT - Double Top | BEARISH | 🔴 🔹DB - Double Bottom | BULLISH | 🟢 🔹HNS - Head & Shoulder | BEARISH | 🔴 🔹REC - Rectangle | 🔵 🔹iHNS - inverse head & Shoulder | BULLISH | 🟢 Verify it first and believe later. WavePoint ❤️
NASDAQ:AAPL
by wavepoint99
After the Report, AMZN Shares Soar Almost 9%Strong gains in Amazon's stock supported E-mini S&P 500 futures, which were hit by Fitch's US downgrade and Apple's disappointing report. → Amazon revenue for the quarter: USD 134.4 billion, +11% year-on-year; → profit: USD 6.8 billion for the quarter (-USD 2 billion last quarter); → the company continued to reduce the cost of maintaining supply chains; → growth of Amazon Web Services has stabilized as customers move from cost optimization to deployment of new workloads; → forecasts of sales growth encouraged investors. The AMZN stock chart shows that a successful report pushed the price to a year high, trading in the morning may start around USD 129 per share. Thus: → a wide gap is formed on the chart, which can serve as support; → the price may rise from the lower border of the channel to the upper, where it may meet resistance; → RSI may bounce off the 50 line; → the market may be supported by the area around USD 133.5 per share, where the median line of the channel and the maximum from July 31 pass. Despite the sharp rise, AMZN's share price is still far from meeting the average target values, which, according to Tipranks, are in the region of USD 157. This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.
NASDAQ:AMZN
by FXOpen
AMAZON Short-term buy signalIt's been exactly two months (May 30) since we gave the latest buy signal on Amazon (AMZN) when the price touched the 0.382 Fibonacci retracement level (see chart below): Our target was set at 146.50, which is the High of August 16 2022 (Resistance 1) and we are updating our analysis as the recent rebound on the 1D MA50 (blue trend-line), seems to be the final bullish leg towards that target. We may experience a strong pull-back (long-term trend still bullish though) there (also the 0.618 Fibonacci level is just above it) as the 1D RSI is trading within a Channel Down, which illustrates a Bearish Divergence. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
NASDAQ:AMZNLong
by TradingShot
2
AMAZONThese are levels that I'll be keeping an eye on when dealing with AMZN, and I'll revise as price action progresses. I adapt to the change in money flow. Fundamentals: "Monday marked the first trading day following Amazon’s (AMZN) 20-for-1 stock split that the company announced on March 9. Amazon shares were revalued to $120 per share, after trading well above $2000 per share prior to the stock split." I'm projecting price to get around the $60 price point sometime in the near future.
NASDAQ:AMZN
by ChrisJTradesFX
2