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Amazon $AMZN Notable *SIZE* roll into 03/15/24 $145C from the 02/16/24 $135C
By: FLOWrensics | December 28, 2023
• $AMZN Notable size roll into 03/15/24 $145C from the 02/16/24 $135C.
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Amazon's $AMZN stock performance each full year since going public
By: Evan | December 26, 2023
• Amazon's $AMZN stock performance each full year since going public
1998: +966.7%
1999: +42.2%
2000: -79.6%
2001: -30.5%
2002: +74.6%
2003: +178.6%
2004: -15.8%
2005: +6.5%
2006: -16.3%
2007: +134.8%
2008: -44.7%
2009: +162.3%
2010: +33.8%
2011: -3.8%
2012: +44.9%
2013: +59%
2014: -22.2%
2015: +117.9%
2016: +11%
2017: +56%
2018: +28.4%
2019: +23%
2020: +76.3%
2021: +2.4%
2022: -49.5%
2023*: +82.6% (With just 3 trading days left)
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A variety of unusual calls just hit the tape $CVNA $AMZN $AAPL
By: Cheddar Flow | December 22, 2023
• A variety of unusual calls just hit the tape
$CVNA $AMZN $AAPL
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Large $TSLA & $AMZN Calls Rolling In
By: Cheddar Flow | December 21, 2023
• Large $TSLA & $AMZN Calls Rolling In
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Bull of the Day: Amazon.com, Inc. (AMZN)
By: Zacks Investment Research | December 19, 2023
Amazon’s (AMZN) rebound kicked back into high gear following its big beat and raise third quarter at the end of October, with AMZN shares up roughly 85% in 2023.
The e-commerce and cloud computing giant’s comeback has been powered by its commitment to boosting earnings and transforming into a mature tech firm that posts impressive top-line growth and massive, constantly expanding profits.
Some investors might be worried they ‘missed out’ on Amazon’s rally and could be afraid about what’s next for the so-called Magnificent Seven tech stocks. There could be some selling and choppiness in the near term for the market and big tech following the huge rally to end a strong year.
Yet, Amazon trades solidly below its all-time highs and its average Zacks price target, and its valuation levels have improved as it focuses on the bottom line. Amazon’s various businesses are also more entrenched in the economy than ever.
Multiple Growth Engines
Slowing cloud growth and higher rates hit Amazon stock hard in 2022—alongside most of the technology sector. Thankfully, rates are coming down and AMZN is focused on profits and maximum efficiency under CEO Andy Jassy.
Better yet, Amazon still runs the world’s largest cloud-computing business. Cloud computing is a key pillar of the modern economy and is growing in importance.
The combination of steady cloud computing growth and a concentrated effort on boosting earnings now and forever is the pitch that breathed fresh life into Amazon stock in 2023 and likely will for years to come.
Image Source: Zacks Investment Research
AWS sales climbed 12% in the third quarter, accounting for around 16% of total company revenue. The high-margin segment is eclipsed by its far-large e-commerce unit in terms of overall sales. Yet AWS accounted for over 60% of Amazon’s operating income last quarter and is poised to remain Amazon’s profit hub going forward. Amazon reportedly held 32% of the cloud computing market last quarter vs. Microsoft’s (MSFT) 22% and Google’s 11%.
Amazon is attempting to improve AWS margins by rolling out more in-house chips. Amazon is actively introducing AI-focused efforts to attract customers to spend more as everyone races not to get left behind on tech's new frontier. On top of that, Amazon is expanding its collaboration with Nvidia (NVDA) for cutting-edge chips.
On the e-commerce front, Amazon is benefitting from its transition from a single national fulfillment network in the U.S. to eight distinct regions. Amazon currently holds nearly 40% of the total e-commerce market share in the U.S., blowing away second-place Walmart’s 7%. The company is also growing its digital advertising segment. The unit climbed 25% in Q3, marking the largest YoY gain on a percentage basis.
Image Source: Zacks Investment Research
Amazon is also aiming to boost its Prime segment by rolling out more live streaming entertainment efforts. For example, new reports say Amazon is in talks to invest in regional sports standout Diamond Sports Group.
Near-Term EPS & Revenue Outlook
Current Zacks estimates call for Amazon to post 11% revenue growth in 2023 to pull in $570.75 billion and then climb 12% higher next year to reach $637.05 billion. This would see the firm add a projected $124 billion to the top line between FY22 and FY24, which is more than retail and e-commerce firm Target made in FY22 ($109 billion). These figures mark improved expansion from its 9% revenue growth last year.
Amazon’s earnings guidance keeps getting better. AMZN’s consensus fourth quarter EPS estimate has jumped by 15% since its Q3 report, with its FY23 estimate 20% higher and 13% better for FY24.
Image Source: Zacks Investment Research
Amazon is projected to post 276% earnings growth in 2023, climbing from $0.71 to $2.67 a share. AMZN is then expected to boost its earnings by another 32% next year to reach $3.53 per share.
On top of that, its most accurate/most recent estimates for FY23 and FY24 came in above consensus. Amazon’s overall improved earnings outlook helps it land a Zacks Rank #1 (Strong Buy) right now. The recent positivity is part of a prolonged stretch of surging earnings outlooks that began in early 2023.
Performance, Technical Levels & Valuation
Amazon stock has climbed 665% in the last decade to blow away the Zacks Tech sector’s 250%. Despite this run, Amazon is down 4% in the last three years vs. the Zacks Tech sector’s 22% climb.
AMZN has surged 84% in 2023 to top Microsoft’s 55% and Apple’s 51%. Unlike Apple, MSFT, and Nvidia, Amazon hasn’t posted new all-time highs in 2023. Amazon currently trades around 17% below its all-time highs and its average Zacks price target marks 16% upside to Monday’s levels.
Amazon hit new 52-week highs on Monday, having found support at its 21-day moving average recently. AMZN shares have also retaken their very long-term 50-week moving average.
Image Source: Zacks Investment Research
On the valuation front, Amazon trades over 65% below its highs and at a 45% discount to its 10-year median at 42.8X forward 12-month earnings. This is still clearly very ‘pricey’ for many investors. But there are signs that Amazon’s forward earnings multiple will keep coming down.
Amazon’s PEG ratio, which factors in its earnings growth outlook, marks a 25% discount vs. the Zacks tech sector at 1.5. Better still, Amazon’s PEG ratio sits near its lows over the last 10 years.
Bottom Line
Amazon is a powerhouse in multiple key areas of the economy that aren’t going out of style. Therefore, investors might want to buy Amazon as a straightforward investment into mega-cap technology and its growing sway over our lives and the market.
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Amazon $AMZN is still one of big tech biggest laggards as it's 23% below its all time high. Despite that, it keeps advancing slowly but surely towards the March 2022 high around 170 which is likely to be the level where it makes its next intermediate term high.
By: CyclesFan | December 18, 2023
• $AMZN is still one of big tech biggest laggards as it's 23% below its all time high. Despite that, it keeps advancing slowly but surely towards the March 2022 high around 170 which is likely to be the level where it makes its next intermediate term high.
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$AMZN & $NVDA Getting a lot of Bullish Sweep orders this morning
By: Cheddar Flow | December 18, 2023
• $AMZN & $NVDA Getting a lot of Bullish Sweep orders this morning
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Unusual $TSLA & $AMZN Flow This Morning
By: Cheddar Flow | December 13, 2023
• Unusual $TSLA & $AMZN Flow This Morning
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$AMZN One of the more exciting setups heading into this week!
By: TrendSpider | December 10, 2023
• $AMZN One of the more exciting setups heading into this week!
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Amazon $AMZN What a tight pattern.. 148 break can let this one loose!
By: Options Mike | December 10, 2023
• $AMZN What a tight pattern.. 148 break can let this one loose!
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There have been a consistent number of these ITM $AMZN put sell prints recently
By: Cheddar Flow | December 7, 2023
• There have been a consistent number of these ITM $AMZN put sell prints recently
Even though it was sold to open, this whale is likely hedging an existing position with these contracts, due to how deep ITM they are
It is also possible that they are trading these contracts, although less likely
Typically, consistent OTM put sell prints give a better idea of what the trader is doing, compared to this ITM example
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Since 2000, Amazon's $AMZN performance in December has been a clear outlier: 33% win rate and average return of -3.06%
By: TrendSpider | December 7, 2023
• $AMZN Since 2000, Amazon's performance in December has been a clear outlier:
33% win rate and average return of -3.06%.
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Amazon $AMZN Holding strong still, like it over 148, or 149.26 to be safe
By: Options Mike | December 3, 2023
• $AMZN Holding strong still, like it over 148, or 149.26 to be safe.
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Amazon $3.3 Million Put • Strike: 180 • Expiration: 2/16/24
By: Cheddar Flow | November 30, 2023
• $AMZN $3.3M Put (Unusual)
Strike: 180
Expiration: 2/16/24
*Above the Ask*
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Looking to buy the $AMZN breakout? Consider this first... Since 2000, December has been the least winning month for Amazon, with just a 35% win rate
By: TrendSpider | November 27, 2023
• Looking to buy the $AMZN breakout? Consider this first...
Since 2000, December has been the least winning month for Amazon, with just a 35% win rate.
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Amazon.com, Inc. (AMZN) Stock Position Lifted by Mitsubishi UFJ Trust & Banking Corp
By: MarketBeat | November 26, 2023
• Mitsubishi UFJ Trust & Banking Corp boosted its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 1.4% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 7,859,616 shares of the e-commerce giant's stock after purchasing an additional 108,444 shares during the quarter. Amazon.com makes up approximately 2.4% of Mitsubishi UFJ Trust & Banking Corp's holdings, making the stock its 3rd biggest position. Mitsubishi UFJ Trust & Banking Corp owned 0.08% of Amazon.com worth $1,024,580,000 as of its most recent SEC filing...
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Amazon $AMZN breaking out to new 52-week highs this morning after online Black Friday sales hit new record high of $9.8B
By: TrendSpider | November 27, 2023
• $AMZN breaking out to new 52-week highs this morning after online Black Friday sales hit new record high of $9.8B.
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Amazon $AMZN $Millions of Calls
By: FLOWrensics | November 21, 2023
• $AMZN with a hitter
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Amazon $AMZN Founder Jeff Bezos may be selling stock today according to CNBC's David Faber, citing market speculation among traders. Bezos last week filed for his sale of 1.67M shares of $AMZN still holding 988.3M shares after the sale
By: Evan | November 21, 2023
• Amazon $AMZN Founder Jeff Bezos may be selling stock today according to CNBC's David Faber, citing market speculation among traders
Bezos last week filed for his sale of 1.67M shares of $AMZN still holding 988.3M shares after the sale
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$AMZN This $145 level has been a brick wall for Amazon
By: TrendSpider | November 19, 2023
• $AMZN This $145 level has been a brick wall for Amazon
Will we finally bust through it this week?
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Amazon $AMZN AI coming.. you know market loves that. Nice C&H on the weekly, needs to clear Friday's high now
By: Options Mike | November 19, 2023
• $AMZN AI coming.. you know market loves that. Nice C&H on the weekly, needs to clear Friday's high now.
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Amazon $AMZN Active Tape Today
By: Cheddar Flow | November 17, 2023
• $AMZN Active Tape Today
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$AMZN EOY OTM sweepers active in the 12/29 $150 Calls
By: FLOWrensics | November 13, 2023
• $AMZN EOY OTM sweepers active in the 12/29 $150 CALLS.
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Amazon $AMZN Very strong since earnings 146ish 52W high very close now.. 8D caught up
By: Options Mike | November 12, 2023
• $AMZN Very strong since earnings 146ish 52W high very close now.. 8D caught up.
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$AMZN $2.8 Million Call • Strike: 130 • Expiration: 1/19/24
By: Cheddar Flow | November 8, 2023
• $AMZN $2.8M Call
Strike: 130
Expiration: 1/19/24
*At the Ask*
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Amazon $AMZN Looks like smooth sailing above $145
By: TrendSpider | November 8, 2023
• $AMZN Looks like smooth sailing above $145.
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gunsmoke oldy
Absolutely!
Amazon $AMZN Consolidating the huge move off earnings. Like it off a dip and hold of the 8D now, tough to chase here, but 142 in play
By: Options Mike | November 5, 2023
• $AMZN Consolidating the huge move off earnings. Like it off a dip and hold of the 8D now, tough to chase here, but 142 in play.
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Amazon $3 Million Call • Strike: 125 • Expiration: 1/19/24
By: Cheddar Flow | October 31, 2023
• $AMZN $3M Call (Unusual)
Strike: 125
Expiration: 1/19/24
*At the Ask*
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Most Bullish Flow Today $AMZN $ON $MSFT
By: Cheddar Flow | October 30, 2023
• Most Bullish Flow Today $AMZN $ON $MSFT
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Amazon $AMZN going for the wedge breakout as it continues to outshine other mega-cap tech stocks
By: TrendSpider | October 30, 2023
• $AMZN Amazon going for the wedge breakout as it continues to outshine other mega-cap tech stocks.
If we see a broader market rally, this name needs to be on your radar!
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Amazon $2.1 Million Call • Strike: 120 • Expiration: 2/16/24
By: Cheddar Flow | October 30, 2023
• $AMZN $2.1M Call (Unusual)
Strike: 120
Expiration: 2/16/24
*Above the Ask*
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Amazon $AMZN Guides down, but up on cost cutting/profits. We'll see if this holds. 50D next big tech, big gap if we don't hold to fill below
By: Options Mike | October 29, 2023
• $AMZN Guides down, but up on cost cutting/profits.
We'll see if this holds. 50D next big tech, big gap if we don't hold to fill below.
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Amazon launches first Project Kuiper satellites with goal of creating a megaconstellation
mazon has officially joined the race to build massive constellations of satellites that can blanket the globe in internet connectivity — a move that puts the tech company in direct competition with SpaceX and its Starlink system.
https://www.cnn.com/2023/10/06/world/amazon-kuiper-internet-satellites-spacex-starlink-scn/index.html
When you use AMZN SAT internet service that you will PAY for OR if you purchase PRIME PLUS @ a cost of ????? per year (THE INTERNET SERVICE WILL BE FREE),
do you think they will have an AMAZON Web BROWSER
(you will come RIGHT UP ON) to take you RIGHT to AMZN WEB SITE?
Diving from cold water into hot, share price has a Double Top Breakout today, in sharp contrast with yesterday's signal.
C'est La Vie! GLTA
Amazon $AMZN earnings snapshot
By: Brad Freeman | October 26, 2023
• Amazon $AMZN earnings snapshot.
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