Investors in Amazon.com Inc (Symbol: AMZN) saw new options become available today, for the May 26th expiration. At Stock Options Channel, our YieldBoost formula has looked up and down the AMZN options chain for the new May 26th contracts and identified one put and one call co
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The companies known by the acronym "FAANG" delivered great returns in the past decade. This clique comprises Facebook parent Meta Platforms, Apple, Amazon (NASDAQ: AMZN), Netflix, and Google parent Alphabet (NASDAQ: GOOG) (NASDAQ: GOOGL). However, even these tech giants haven't b
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While consumer spending data has cooled, the retail consumer still remains relatively resilient — especially when it comes to higher-end, discretionary items that have strong brand recognition. Looking at broader economic data, it’s difficult to separate out luxury apparel and accessories versus clothing necessities, but certain categories that are heavily tilted toward discretionary/luxury spending like [...]
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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
The macro-uncertainty is keeping the stock market choppy. However, shares of big tech companies have defied the general economic trend and significantly outperformed the broader markets. For instance, Apple (
NASDAQ:AAPL
), Amazon (
NASDAQ:AMZN
), and Meta (
NASDAQ:META
) stocks have gained over 20%, 26%, and 75%, respectively, on a year-to-date basis. However, Morgan Stanley sees the rally in U.S. tech stocks as “overdone.”
Thanks to the rally in large tech stocks, the NASDAQ 100 Index (
NDX
) has gained over 19% year-to-date. However, according to Mike Wilson, Morgan Stanley’s chief U.S. equity strategist, tech stocks that have increased over 20% this year will not be able to sustain the gains, and the
tech sector could see new lows.
Notably, the economy remains weak. However, it hasn’t turned out as bad as many had expected. Meanwhile, expectations of easing monetary policy amid the bank funding program have led investors towards high-growth stocks.
Wilson doesn’t view the bank funding program as a form of quantitative easing. He advises investors to wait for a “durable low” in the broader market before going long on tech stocks.
While Wilson has a bearish view of tech stocks, let’s check what analysts recommend for AAPL, AMZN, and META stocks.
What’s the Prediction for AAPL Stock?
Apple's dominant positioning in the smartphone market and the ongoing strength in the Services segment, with a growing base of over 2 billion active devices, continue to cushion its
financials and stock price.
Analysts maintain a bullish outlook on
AAPL stock. It has received 23 Buy, five Hold, and one Sell recommendations for a Strong Buy consensus rating. However, analysts’ price target of $170.73 implies a limited upside potential of 4.26%.
Nonetheless, the stock has received positive signals from hedge fund managers, who increased their holdings in the last quarter. AAPL sports an
Outperform Smart Score of “Perfect 10.”
Is Amazon Stock Expected to Rise?
Amazon’s leading position in online retail and cloud computing and its growing digital ad business continue to support its
financials and analysts’ bull case.
Analysts continue to maintain a bullish outlook on
AMZN stock. It has a Strong Buy consensus, reflecting 36 Buy and one Hold recommendations. Analysts’ average price target of $136.92 implies 35.43% upside potential.
Along with analysts, hedge funds are also bullish about AMZN stock. Furthermore, AMZN stock commands an
Outperform Smart Score of “Perfect 10” on TipRanks.
Is META Stock a Buy, Sell, or Hold?
The surge in META stock is supported by its deep cost-cutting initiatives aimed at
driving profitability. Further, the competitive headwinds are easing. However, given the pressure on ad spending, analysts remain cautiously optimistic about
META stock.
It has received 38 Buy, seven Hold, and three Sell recommendations for a Moderate Buy consensus rating. Further, analysts’ average price target of $231.38 implies an upside potential of 9.41%.
While analysts are cautiously optimistic, hedge funds and insiders sold META stock in the last quarter. Overall, the stock has a
Neutral Smart Score of six.
Bottom Line
Macro headwinds and valuation concerns could restrict the upside in these large tech stocks. Our data shows that AAPL and AMZN stocks are more likely to beat the broader market average thanks to their “Perfect 10” Smart Score and bullish analysts’ outlook. Meanwhile, AMZN stock offers a higher upside potential from the current levels.
Disclosure
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On April 5, 2023 at 15:48:29 ET an unusually large
$12,125.00K block of Put contracts in Amazon.com
(AMZN) was sold,
with a strike price of $150.00 / share, expiring in 72 days (on June 16, 2023).
Fintel tracks all large options trades, and the premium spent
On April 5, 2023 at 15:48:29 ET an unusually large
$23,935.50K block of Put contracts in Amazon.com
(AMZN) was sold,
with a strike price of $190.00 / share, expiring in 72 days (on June 16, 2023).
Fintel tracks all large options trades, and the premium spent
The NASDAQ 100 After Hours Indicator is down -15.66 to 12,951.54. The total After hours volume is currently 74,544,214 shares traded.The following are the most active stocks for the after hours session: Southwestern Energy Company (SWN) is unchanged at $5.12, with 3,817,795 shar
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11 minutes 55 seconds ago
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