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Amazon Stock is better by $9.30 or 7.21% now.
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Amazon Stock is moving UP after earnings report $7.07 or 5.48% as I post.
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Amazon $AMZN Just Reported Earnings
By: Evan | August 3, 2023
• AMAZON $AMZN JUST REPORTED EARNINGS
EPS of $0.65 beating expectations of $0.34
Revenue of $134.4B beating expectations of $131.34B
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Amazon $AMZN $277 Million dark pool equity print
By: Cheddar Flow | August 3, 2023
• $AMZN $277 Million dark pool equity print.
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History of Amazon's $AMZN Q2 revenue since 2007
By: Savvy Trader | August 3, 2023
• History of Amazon's $AMZN Q2 revenue since 2007
2007: $2.9B
2008: $4.1B
2009: $4.7B
2010: $6.6B
2011: $9.9B
2012: $12.8B
2013: $15.7B
2014: $19.3B
2015: $23.2B
2016: $30.4B
2017: $38B
2018: $52.9B
2019: $63.4B
2020: $88.9B
2021: $113.1B
2022: $121.2B
2023: Find out later today
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Earnings Preview: Amazon.com Inc. (NASDAQ: AMZN)
By: 24/7 Wall St. | August 2, 2023
• Here is a preview of what to expect from three companies reporting results after U.S. markets close on Thursday.
Amazon
Since falling to a new 52-week low in the first week of 2023, shares of Amazon.com Inc. (NASDAQ: AMZN) have added more than 55%. Over the past 12 months, however, shares remain down by about 3%.
The company’s e-commerce business has been losing money, and Amazon has been living off its AWS cloud computing service. Its experiment with automated stores (Amazon Fresh and Amazon Go) has not turned the tide in the grocery business, and more store staff was fired last week. Investors probably will be looking for more layoffs and wringing more money out of Prime subscribers to get the e-commerce business back on track.
Analysts remain strongly bullish on Amazon stock. Of 54 ratings, 49 have a Buy or Strong Buy rating, and four others have Hold ratings. At a price of around $132.00 a share, the upside potential based on a median price target of $148.00 is 9.1%. At the high price target of $220.00, the upside potential is nearly 67%.
Analysts are looking for second-quarter revenue of $131.34 billion, up 3.1% sequentially and 8.3% higher year over year. Adjusted EPS are expected to be $0.34, up from 10.6% sequentially and up from a loss per share of $0.20 in the year-ago quarter. For the full 2023 fiscal year, Amazon is expected to post EPS of $1.61, compared to last year’s loss of $0.27 per share, on sales of $561.41 billion, up 9.2%.
Amazon stock trades at 80.5 times expected 2023 EPS, 50.0 times estimated 2024 earnings of $2.59 and 34.9 times estimated 2025 earnings of $3.71 per share. The 52-week trading range is $81.43 to $146.57. Amazon does not pay a dividend. Total shareholder return over the past 12 months was negative 4.34%.
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Bensler LLC Grows Position in Amazon.com, Inc. (AMZN)
By: MarketBeat | July 28, 2023
• Bensler LLC raised its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 5.0% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 63,022 shares of the e-commerce giant's stock after buying an additional 3,007 shares during the quarter. Amazon.com comprises 1.3% of Bensler LLC's portfolio, making the stock its 20th biggest holding. Bensler LLC's holdings in Amazon.com were worth $6,510,000 at the end of the most recent reporting period...
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Twilio jumps after Amazon discloses stake
By: Investing.com | July 28, 2023
Twilio (NYSE:TWLO) shares jumped Friday, hitting a high of $68.25 after Amazon (NASDAQ:AMZN) disclosed a new 1.77 million share stake in the company.
At the time of writing, Twilio is trading at $63.73, up more than 4% on the day.
The news follows an announcement by the two companies on Wednesday stating they had deepened their relationship "to power intelligence-driven customer engagement."
Amazon Web Services (AWS) and Twilio announced an extension of their longstanding strategic joint work, with one priority area they are doubling down on being the implementation of predictive AI technology.
"With AWS' predictive AI technologies, we are rapidly developing AI-native features and APIs," said Alex Millet, Senior Director of Product at Twilio. "We believe our tools will change the way marketers, contact centers, developers, and data teams deliver these world-class customer experiences. Join us at our conference, SIGNAL, in August to learn more."
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Amazon $AMZN $NYFANG - Cornered...
By: Sahara | July 28, 2023
• $AMZN $NYFANG - Cornered...
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Amazon $AMZN Repeat Sweeper
By: Theta Warrior | July 26, 2023
• $AMZN REPEAT SWEEPER.
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Amazon $1.0 Million Call • Strike: 132.5 • Expiration: 9/15/23
By: Cheddar Flow | July 26, 2023
• $AMZN $1.0M OTM Call
Strike: 132.5
Expiration: 9/15/23
*At the Ask*
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Bought Oct 145 calls here at 2.63 today! Earnings next week! Should pop like Goog did today!
Amazon $AMZN A lot of Call selling into the rally this morning
By: Cheddar Flow | July 26, 2023
• $AMZN A lot of call selling into the rally this morning
Whales are most likely closing their positions, because of the gap-down, due to big tech earnings yesterday
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$AMZN Power Alert from 2 hours ago is already up +28.85%
By: Cheddar Flow | July 25, 2023
• $AMZN Power Alert from 2 hours ago is already up +28.85%
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Amazon $AMZN $1.3M OTM Call from ~ 45 minutes ago
By: Cheddar Flow | July 25, 2023
• $AMZN $1.3M OTM Call from ~45 minutes ago
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Amazon com, Inc. $AMZN Book Value Per Share (mrq) $15.06
Interesting options trade placed placed in Amazon today. A trader spent a total of about $460,000 to buy 2,300 September 135C and sell 4,600 September 150C. So perhaps a moderate bullish move is coming for $AMZN between now and September 15.
By: Barchart | July 21, 2023
• Interesting options trade placed placed in Amazon today. A trader spent a total of about $460,000 to buy 2,300 September 135C and sell 4,600 September 150C. So perhaps a moderate bullish move is coming for $AMZN between now and September 15.
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Amazon $AMZN just announced it will be reporting its Q2 earnings after the markets close on Thursday, August 3rd.
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Bernstein lifts Amazon, Wayfair price targets as it anticipates further e-commerce recovery
By: Investing.com | July 19, 2023
Bernstein raised its price target for Wayfair (NYSE:W) to $40 from $30 per share and Amazon (NASDAQ:AMZN) to $155 from $140 per share in a note Wednesday, stating that they anticipate a further e-commerce recovery. Amazon was maintained at Outperform, while they kept an Underperform rating on Wayfair.
Analysts said that a lot of focus this year has been on Q2 setting the tone as a jumping-off point for top-line growth acceleration and better profitability through 2H23.
"With FX headwinds abating and a more durable online consumer, count us in that camp of anticipating further eCommerce recovery," they wrote.
"The group, particularly the higher beta names, are pricing in the improvement already. But Q2 earnings will put the thesis to the test and guidance will help dimension the magnitude of the re-acceleration and the incremental margins on this growth. The latter is particularly relevant for AMZN," analysts added.
They noted that in the second quarter, U.S. e-commerce looked a lot like the first quarter, and they have a positive outlook into the second half of the year.
"We estimate the US market grew 8% Y/Y in Q2, in-line with Q1. However, after a soft April, eCommerce recovered and accelerated through the quarter," said analysts. They also stated that Europe is turning the corner, albeit slowly.
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Amazon (AMZN) seen beating in Q2, with favorable comp setup - BofA
By: Investing.com | July 19, 2023
Amazon (NASDAQ:AMZN) is scheduled to report its second-quarter results on July 27th. Ahead of the numbers, BofA Securities analysts issued positive commentary and are looking for signs of a bottom for AWS growth.
The analysts see the company posting revenue and GAAP profit of $132.4 billion and $5.1 billion, respectively, which is above the consensus of $131.5B and $4.7B. On AWS, analysts note that the Street is looking for 6-7 points of deceleration to 9.5% year-over-year. The analysts view this as "achievable."
"While July AWS growth expectations may have been as low as 8% in May, we think expectations may have moved higher (towards 10%) on recent 3P data," analysts commented. "Tough 2Q comp set up for AWS vs. Azure is a trading risk (MSFT reports 7/25), but we think positive could be AWS growth is nearing a bottom in July (easing comps)."
On the retail side of Amazon's business, analysts are above consensus for 2Q margins, and they expect positive commentary on efficiency opportunities, which would be consistent with the CEO's recent CNBC interview.
On guidance, they see third-quarter revenue and profit of $139.9B and $5.7B, respectively, versus the consensus of $138B and $5.2B.
Further, analysts see a “favorable” fourth-quarter AWS comp setup. “2H’22 (last year) had both disappointing sequential AWS dollar adds and the worst eCommerce holiday since the Great Recession, in our view, setting up easier comps. The Street projects AWS growth in the 9-10% Y/Y range through 2H’23 (per Bloomberg), which could be conservative as AWS laps the start of last year’s optimization cycle, and we see upside potential on retail efficiencies.”
While shares are up 58% year-to-date, the analysts note the stock is still trading below their historical EBITDA multiple averages – currently at 13.5x versus 17.4x since 20210. As such, they think further multiple expansion is possible and reiterated a Buy rating and $154 price target.
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Amazon Gap filled, not screaming hot like many other names 138 next resistance. If market yanks, gap below could fill fast
By: Options Mike | July 16, 2023
• $AMZN Gap filled, not screaming hot like many other names 138 next resistance. If market yanks, gap below could fill fast.
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Amazon $AMZN Shooting star into wedge resistance with negative RSI divergence makes Amazon a top watch this week!
By: TrendSpider | July 16, 2023
• $AMZN Shooting star into wedge resistance with negative RSI divergence makes Amazon a top watch this week!
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Amazon $AMZN Huge $165 Million dark pool print
By: Cheddar Flow | July 14, 2023
• $AMZN Huge $165 Million dark pool print
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$AMZN Large call sweepers hitting the tape and looking for time with June 2024 contracts
By: Cheddar Flow | July 13, 2023
• $AMZN Large call sweepers hitting the tape and looking for time with June 2024 contracts
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Amazon.com (AMZN) Stock Bucking Prime Day Trend
By: Schaeffer's Investment Research | July 12, 2023
• Amazon.com stock has an average Prime Day stock return of -0.34%, but is higher in 2023
• AMZN is up 52.5% in 2023 and is set for a big Prime Day boost
Amazon.com Inc's (NASDAQ:AMZN) Prime Day extravaganza wraps up today, the two-day sales event lasting July 11-12. The event has become a cultural phenomenon since it started in 2015, and the stock returns surrounding the event aren't what you expect. Since the sale started in July of 2015, the average AMZN return during Prime Day is -0.34%.
Digging deeper, Amazon.com stock finished higher only three times over the past eight Prime days: 2017, 2018, and 2021. Last year, Amazon.com stock finished its July 13 Prime Day down 1.2%. This year is looking up, however, with the shares heading for a 2.2% pop in the two-day period.
Currently above all notable short- and long-term moving averages, AMZN --a popular stock pick over here at Schaeffers -- still has room to run. Year-to-date, the equity is now up 52.5%, and was last seen up 1.5% to trade at $130.66.
The options pits have been firmly bullish leading up to today, per AMZN's 50-day call/put volume ratio of 2.30 at the International Securities Exchange (ISE), Chicago Board Options Exchange (CBOE), and NASDAQ OMX PHLX (PHLX). This ratio ranks higher than all other readings from the past year, meaning calls have been picked up at their fastest rate in 12 months.
These options traders are pricing in low volatility expectations at the moment, too, per AMZN's Schaeffer's Volatility Index (SVI) of 30%, which ranks in the low 10th percentile of its annual range.
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Bearish RSI divergence on Amazon $AMZN beginning to play out here...
By: TrendSpider | July 10, 2023
• $AMZN Bearish RSI divergence on Amazon beginning to play out here...
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Amazon’s Prime Day Not The Market Mover It Once Was
By: Barchart | July 10, 2023
The annual Prime Day event from Amazon.com (AMZN) does not move the market as it once did, as investors focus more on the company’s cloud computing business for signs of growth. In the past four years, Amazon has fallen in the week of the two-day Prime Day sale, when the company discounts many items to bolster sales. Before that, the first four years of the Prime Day event that began in 2015 saw Amazon shares climb more than +2% the week of the event.
Market attention in recent years for Amazon.com has shifted to its cloud computing business, Amazon Web Services (AWS), which has become the company’s primary source of operating income. Growth in AWS has accelerated as the business stands to benefit the most from the rollout of artificial intelligence applications. On Sunday, CICC initiated coverage on Amazon.com with a recommendation of outperform and a price target of $140.
According to JPMorgan Chase, Amazon.com’s Prime Day event, which begins Tuesday, is likely to generate about $5 billion of revenue this year. While that would be up +13% from last year, the pace of growth has slowed steadily since a 30% increase in 2020. Accuvest Global Advisors said, “Most people invest in Amazon for both” e-commerce and AWS, but with “AI being part of the conversation kind of almost every minute of every day, it’s clearly the AWS opportunity and the potential AI applications” that’s proving to be more attractive.
Despite Amazon.com’s retail business accounting for almost 65% of sales last year, the faster-growing AWS unit was responsible for all of the company’s $12.2 billion operating profit. Amazon shares have rallied 55% this year after the company slashed expenses and eliminated at least 27,000 positions. Even with this year’s gains, the stock is still about 30% below its 2021 all-time high. While growth at its AWS unit slowed to a record low in Q1 of this year, analysts are optimistic that demand for generative AI applications will accelerate and reinvigorate sales for the company’s cloud-computing business.
Amazon.com is attempting to benefit from the AI craze. In April, the company unveiled generative AI technology aimed at cloud customers as well as a marketplace for AI tools from other companies. It also invested $100 million to help customers develop and use new kinds of AI products as it competes with the cloud computing units of Microsoft (MSFT) and Alphabet (GOOGL). Defiance ETFs said, “Prime Day will be a good branding opportunity to capture not only sales but new customers into the Amazon web. However, the future for Amazon is very likely in AWS and its participation in the innovation and growth of AI.”
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Amazon.com, Inc. $AMZN Gap still there, prime days this week, usually it's a sell the event...
By: Options Mike | July 9, 2023
• $AMZN Gap still there, prime days this week, usually it's a sell the event...
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Amazon $AMZN OTM Call Sweeper Active Today
By: Cheddar Flow | July 7, 2023
• $AMZN OTM Call Sweeper Active Today
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Amazon $1.0 Million Call • Strike: 130 • Expiration: 10/20/23
By: Cheddar Flow | July 7, 2023
• $AMZN $1.0M OTM Call
Strike: 130
Expiration: 10/20/23
*At the Ask*
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A Bull Market Is Coming: 1 Remarkable Growth Stock Has Billionaire Investors Betting Big
By: Motley Fool | July 6, 2023
• Two of the most successful hedge fund managers have been buying Amazon stock ahead of the next bull market.
Israel Englander of Millennium Management and David Tepper of Appaloosa rank among the most successful hedge fund managers in recent decades -- and both have a spot on the Bloomberg Billionaires Index. Those bona fides put Englander and Tepper in a rarified class, and both have been buying shares of Amazon (AMZN -1.55%) throughout the bear market.
In the past year, Englander upped his stake in the company by 4,600%, making Amazon his largest holding. Meanwhile, Tepper increased his position by 2,200%, which made Amazon his second-largest holding. Those purchases send a clear message: Two of the most successful hedge fund managers see Amazon as undervalued ahead of the next bull market.
Here's why this growth stock is worth buying.
* * *
Amazon is a leader in e-commerce
Amazon's retail roots reach back to the mid-'90s when the company was nothing more than an online bookstore. But it has since evolved into a retail behemoth. The Amazon marketplace receives nearly four times as many visits as its closest competitor, and it accounted for 38.2% of online retail sales in North America and Western Europe last year.
That success is underpinned by brand authority and a powerful network effect. Merchants are naturally drawn to Amazon because its marketplace is so popular with consumers, and each new merchant makes the marketplace more attractive to consumers by bringing more inventory to the platform. Amazon has accelerated that flywheel effect by providing merchant solutions for fulfillment and logistics. Those products make its marketplace an even more compelling option.
So what? Global retail e-commerce sales are expected to grow at 13.6% per year through 2030, according to Ameco Research. Amazon will undoubtedly benefit from that tailwind.
Amazon is a leader in cloud computing
Amazon Web Services (AWS) is the gold standard in cloud computing. The company started providing cloud infrastructure and platform services (CIPS) in 2006, two years before Microsoft and Alphabet, and it has dominated the market ever since. To this day, AWS offers a broader and deeper set of CIPS capabilities than any other provider, and the company holds nearly as much market share as Microsoft and Alphabet combined.
AWS excels in many sub-categories of cloud computing, but its success in artificial intelligence (AI) and machine learning is particularly noteworthy. Earlier this year, consultancy Gartner recognized AWS as the leader in cloud AI developer services, and the company has since expanded into generative AI software with the launch of Amazon Bedrock and Amazon CodeWhisperer. The former provides access to pre-trained models that help clients build generative AI applications, and the latter leans on generative AI to write code for the purpose of accelerating software development.
So what? Cloud computing revenue is expected to increase by 14.1% annually through 2030, and AI software revenue is expected to grow at a 42% rate over that period. Those trends should translate into strong growth for AWS.
Amazon is gaining share in digital advertising
Amazon is the third-largest adtech company in the world. It accounted for 6.7% of global digital ad spending last year, and that figure will reach 8% by 2024, according to eMarketer. But the industry leaders Google and Meta Platforms are projected to lose share over the same period.
Amazon's success in digital advertising arises from (and is protected by) its success in retail. Millions of consumers shop on the Amazon marketplace each day, generating more data with every click and purchase. In other words, Amazon has two things that every advertiser values: a large audience and lots of data. That means the company should have a thriving adtech business for as long as its retail business remains strong, and it will likely gain ground as brands diversify ad spending beyond web properties owned by Google and Meta.
So what? Adtech revenue is projected to climb at 13.7% per year through 2030, according to Grand View Research. Amazon should benefit from that tailwind.
Amazon stock looks cheap
Amazon struggled with economic headwinds last year. Revenue growth slowed as high inflation chewed away at consumer spending, and the company reported its first loss in eight years as rising costs put pressure on the bottom line. Disappointing financial results and recession fears caused many investors to lose confidence in Amazon during the bear market. The stock is still down 30% from its high.
The silver lining to that sell-off is valuation. Amazon has a strong presence in e-commerce, cloud computing, and ad tech -- three markets expected to grow at roughly 14% per year through 2030 -- yet its shares currently trade at 2.5 times sales, a discount to the five-year average of 3.5 times sales and a reasonable value given the opportunities that lie ahead. That's why this growth stock is a buy in advance of the next bull market.
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Senior Market Strategist: Top Pick Amazon (AMZN) Has Room to Run
By: Schaeffer's Investment Research | July 6, 2023
• Matthew Timpane's Amazon.com (AMZN) pick has been very profitable-- with more to possibly come
• We identified AMZN as a bullish pick for 2023 back in December
Back in December, our very own Senior Market Strategist Matthew Timpane participated in MoneyShow's Top Picks special report for 2023. Six months into the year, two of his best investment ideas cracked MoneyShow's "Top 10" list. Below is a postmortem on Amazon.com Inc (NASDAQ:AMZN), and where to go from here.
MAKING THE STOCK PICK TO START 2023
When we recommended AMZN in December 2022, the stock had found support near its 2019 lows in the high $80 range. An additional floor was emerging at the -50% year-to-date level, an intriguing discount opportunity given the company's top-dog status in the cloud services industry, and the recent layoffs that posed short-term pressure.
Inflation had hit Jeff Bezos' baby hard, so any inflationary relief in 2023 would seemingly boost shares substantially. The company was also slashing capital expenditures (CapEX) to increase free cash flow and enhance profitability in the second half of 2022. This could continue into 2023, and given a higher CF/CapEX ratio, could fund the acquisition of new, longer-term assets. In fact, the stock’s price/sales ratio was declining to 1.66. When the ratio sat near this level in the past from 2014 to 2015, it laid out a tremendous buying opportunity in the long-term.
WHERE THE FAANG STOCK SITS NOW
Fast forward to the end of July, and there's no shame in taking some profits up over 50%, especially as the stock stretches from its 200-day moving average and could consolidate. Watch and see how AMZN also handles its 50-day moving average, a trendline connecting March and may lows. You may want to reduce your position if it breaks below the 200-day, as a test could be in the cards.
Large options traders are targeting more upside, with the September 135- and 145-strike calls popular, as well as the October 130- and November 150-strike calls.
From a macro perspective, supply chains are normalizing and wage inflation is subsiding, as investors are now looking for improved margins, a catalyst we identified back in December, referenced above. Amazon.com beat first-quarter expectations with 9% year-over-year growth, and artificial intelligence (AI) adoption could produce a new wave of Amazon Web Services integration.
Many positives around AMZN remain, but we’d take some risk off the table -- especially with that 200-day moving average lingering. However, we do want to maintain exposure for any more potential upside into year-end, especially with large option traders targeting a move above the $150 level – so there's potential for another +20% of upside.
Options traders will be pleased to know that AMZN has rewarded option buyers over the past year. The equity's Schaeffer's Volatility Scorecard (SVS) comes in at 77 out of a possible 100, meaning AMZN has handily exceeded options traders' volatility expectations in the past 12 months. The stock's SVS sat at 88 in December.
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Amazon $2.6 Million Put • Strike: 125 • Expiration: 6/21/24
By: Cheddar Flow | July 6, 2023
• $AMZN $2.6M OTM Put
Strike: 125
Expiration: 6/21/24
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$AMZN Watching this tight, well-defined ascending channel from Amazon closely this week.
By: TrendSpider | July 4, 2023
• $AMZN Watching this tight, well-defined ascending channel from Amazon closely this week.
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$AMZN $NYFANG - Has run into the Old-Spprt which may now be resistance, in conjunction with the Dotted Uppr-Parallel...
By: Sahara | July 3, 2023
• $AMZN $NYFANG - Pushed up negating the Bear 'Flag' I had earmarked.
But has run into the Old-Spprt which may now be resistance, in conjunction with the Dotted Uppr-Parallel...
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Amazon.com, Inc. $AMZN Keeps teasing this gap but can't hold it so far. 8D has been support.... tight range here
By: Options Mike | July 1, 2023
• $AMZN Keeps teasing this gap but can't hold it so far.
8D has been support.... tight range here.
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Amazon Unusual Options bubble chart is showing a giant cluster of ITM and ATM calls flow on Amazon expiring in the next two months as well...
By: TrendSpider | July 1, 2023
• $AMZN Unusual Options bubble chart is showing a giant cluster of ITM and ATM calls flow on Amazon expiring in the next two months as well...
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$AMZN Over the last decade, Amazon has crushed it in the month of July, with an average return of 7.81%
By: TrendSpider | July 1, 2023
• $AMZN Over the last decade, Amazon has crushed it in the month of July, with an average return of 7.81%.
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Amazon Keeping tabs on this ascending channel from Amazon with negative RSI divergence building behind the scenes...
By: TrendSpider | June 29, 2023
• $AMZN Keeping tabs on this ascending channel from Amazon with negative RSI divergence building behind the scenes...
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Amazon price target raised at Needham & Company following AppFabric launch
By: Investing.com | June 28, 2023
Needham & Company raised its price target for Amazon (NASDAQ:AMZN) to $150 from $120, maintaining a Buy rating after the tech giant's loud subsidiary, AWS, hosted an all-day AppFabric product launch.
Analysts explained that AppFabric is a new no-code AWS service that facilitates the integration of SaaS apps.
"Our key economic takeaway is that AppFabric should lower AWS customer churn, by increasing exit cost," wrote the analysts. "AWS stated that an avg FTE uses 16 apps/day and switches between them dozens of times/day. The launch of new apps is accelerating owing to Cloud services, like AWS, which lower the costs to launch a new app.
"Generative AI was the most interesting part of the 5-hour presentation, in our view, even though it's not here yet. AppFabric stated it will launch an AI assistant by 12/31/23, driven by LLMs (large language models) developed by AWS as part of its Bedrock platform," they added.
They also noted that the second most interesting part of the presentation was a research presentation about the future of work.
"During this presentation, we were most intrigued by the ideas of: a) tech exhaustion; b) data overload; and c) humans and bots on the same team, working to solve problems together. AWS believes AppFabric will accelerate the ability of its clients to use generative AI as a full team member to accomplish business goals faster," said the analysts.
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Amazon $AMZN $3.2 Million+ 150 Calls
By: FLOWrensics | June 27, 2023
• $AMZN and there's more.
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