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Nasdaq AMZN Amazon

Why Is Everyone Talking About Amazon Stock?

3 years 6 months ago
In this video, I will evaluate Amazon's (NASDAQ: AMZN) annual shareholder letter and provide key insights to investors. Amazon's earnings have been pressured since the economic reopening gained momentum, and the CEO Andy Jassy gave his strategy for how he plans to turn things aro
The Motley Fool

Guru Fundamental Report for AMZN

3 years 6 months ago
Below is Validea's guru fundamental report for AMAZON.COM, INC. (AMZN). Of the 22 guru strategies we follow, AMZN rates highest using our P/B Growth Investor model based on the published strategy of Partha Mohanram. This growth model looks for low book-to-market stocks that exhi
Validea

A Bull Market Is Coming: 3 Reasons to Buy Amazon Stock

3 years 6 months ago
Amazon (NASDAQ: AMZN) has been an incredible stock to own over the past three decades. It soared at the beginning of the pandemic when demand was through the roof, but it's since come down as the company struggles with an enlarged infrastructure it no longer needs due to slowing
The Motley Fool

3 Ways to Gain an Edge this Earnings Season

3 years 6 months ago
Earnings season can be a difficult period for investors. Four times a year (January, April, July & October), most publicly traded companies report their quarterly financial results. These reports often have a significant impact on the stock from a short- and long-term
Zacks

S&P 500 Analyst Moves: AMZN

3 years 6 months ago
The latest tally of analyst opinions from the major brokerage houses shows that among the components of the S&P 500 index, Amazon.com is now the #15 analyst pick, moving up by 1 spot.
BNK Invest

Better Buy: Amazon vs. Nvidia

3 years 6 months ago
Amazon (NASDAQ: AMZN) and Nvidia (NASDAQ: NVDA) have collaborated for over a decade. The semiconductor company is the primary supplier of graphics processing units (GPUs) for the cloud platform Amazon Web Services (AWS), with Nvidia's chips also powering robots used in Amazon war
The Motley Fool

Amazon (NASDAQ:AMZN) Stock: Here’s What Technical Indicators Reveal

3 years 6 months ago
After underperforming the broader markets significantly in 2022, shares of tech giant Amazon ( NASDAQ:AMZN ) have recovered some of the lost ground. AMZN stock gained about 22% year-to-date, outperforming the S&P 500 Index ( SPX ). While AMZN stock has appreciated, its  technical indicators suggest a Buy, implying further upside from current levels.  Per TipRanks’ technical analysis tool, AMZN’s 50-Day EMA (exponential moving average) is 98.63, while its price is $102.3, implying a Buy. Further, its shorter duration EMA (20 days) also signals a bullish trend.  While Amazon's stock has gained in value, its RSI (Relative Strength Index) of 57.36 still doesn’t signal an overbought condition. Based on Pivot Points, AMZN has the next resistance level at $108. It could also face resistance near $114, which happens to be the swing high. (See the graph below.) What’s the Prediction for AMZN Stock? Overall, AMZN is a Buy based on our easy-to-understand summary signals (which combine the moving averages and the technical indicators to provide a summarized signal).  Economic uncertainty, cost headwinds, higher interest rates, and a slowdown in its cloud business could continue to hurt its  financial performance in the short term. However, its market leadership in e-commerce and cloud computing will likely support its stock price. Further, the ongoing strength of its advertising unit is positive.  On Sunday, Mizuho Securities analyst  James Lee stated that he is bullish about AMZN stock and sees macro issues as short-term, not structural. Lee said, “Amazon remains a Buy in our universe, as we see potential EBITDA upside in 2024 from products such as advertising, expanding Prime products, and AWS up-sells.”  Including Lee, 35 analysts have recommended buying  AMZN stock. Meanwhile, one analyst has a Hold recommendation. Overall, AMZN has a Strong Buy consensus rating. Further, analysts’ average 12-month price target of $135.88 implies 32.83% upside potential.   Bottom Line With bullish technical signals, a Strong Buy consensus rating, and an Outperform  Smart Score of nine, AMZN stock is more likely to beat the broader market averages. Meanwhile, the company's dominant positioning in the e-commerce space and the expected recovery in the cloud business are positives. Disclosure
TipRanks
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