Amazon (AMZN) / Jeff Bezos 02 (Nov 18 - Dec 26)

[behappyalways]

Reverse Bullwhip Arrives: Amazon Prime Day Blows Away Record Thanks To "79% Off" Discounts
https://www.zerohedge.com/economics/rev ... -discounts

[winston]

vested

Amazon announced it would buy primary-care company One Medical for $18 a share

The latest move by the e-commerce giant to muscle into the healthcare market.

The all-cash transaction has an equity value of $3.49 billion.

In recent years, the retail giant built by Jeff Bezos has launched an online drug store, following its acquisition of mail-order pharmacy PillPack, and started a primary-care clinic for its employees and some other companies.

Source: Bloomberg

[winston]

not vested

Barron's mentions: Amazon (AMZN) makes the cover this week just ahead of the e-commerce giant's earnings report

The bullish points laid out on Amazon include an advertising business that has annualized revenue of close to $40B, which is nearly four times the size of Twitter (TWTR) and Snap (SNAP) combined.

Amazon is also said to have turned into a media powerhouse with the weekly NFL rights to a key night, as well as a growing logistics powerhouse that increasingly rivals FedEx (FDX) and United Parcel Service (UPS).

Of course, there is also the AWS business that accounts for 16% of the company's sales and more than 100% of its profit to offset the money-losing businesses.

Redburn Research analyst Alex Haissl made the case that AWS is now the strongest cloud provider overall, with a platform that includes raw data storage, database software, applications, and analytics.

That makes a potential AWS spinoff down the road an enticing reason to buy Amazon now with shares down more than 30% YTD.

Source: Barron's

[winston]

Is Amazon Stock a Buy?

Slowing sales growth, higher costs and the Rivian investment write-down, have pressured the stock.

After recording a surprising net loss in Q1, the company is expected to generate EPS of less than $1.00 this year, following EPS of $3.24 in 2021.

However, a sharp turnaround is anticipated for 2023. That’s when the Street is projecting that earnings will again approach the $3.00 level after management hits the reset button by focusing on productivity gains and the optimization of its vast retail empire.

Meanwhile, Amazon’s less talked-about AWS cloud business is expected to keep delivering strong growth. The division generated record revenue last quarter and is the clear profit producer for the company despite all the attention around Prime and e-commerce activity.

Source: Market Beat

[winston]

not vested

Amazon Prime plans inflation-busting 31% price hikes in Europe

by Benoit Berthelot

Increasing the cost of its Prime subscription in the UK, Germany, France, Spain and Italy.

Source: Bloomberg

https://www.theedgemarkets.com/article/ ... kes-europe

[winston]

not vested

Amazon Stock Soars As Q2 Revenue Beat Offsets $2 Billion Net Loss

by MARTIN BACCARDAX

2Q loss was pegged at $2 billion.

Rivian cost the group around $3.9 billion.

Revenues rose 7.2% from last year to $121.2 billion.

Amazon Web Services contributed $19.74 billion, rising 33% from last year.

Ad sales were also higher, rising 18% to $8.76 billion.

Online store sales, however, fell 4.3% to $50.885 billion.

Source: The Street

https://www.thestreet.com/markets/amazo ... Net%2BLoss

[behappyalways]

Amazon Soars After Smashing Top-Line Expectations Thanks To Solid AWS, Blows Away Guidance
https://www.zerohedge.com/markets/amazo ... y-guidance

[winston]

not vested

Amazon.com, Inc (AMZN US) Shares jumped 10.33% last Friday after it reported strong top-line growth and guidance that overcame concerns on bottom line noise.

Net sales increased 7% YoY to US$121.2bn, pushing comfortably past the analyst consensus by US$2.04bn, led by a 33% gain in AWS sales and surprisingly strong performance in advertising.

Meanwhile, a US$2bn net loss for the quarter was largely explained away by one-time charges. Namely, the company took a US$3.9bn charge related to its stake in Rivian Automotive (RIVN US).

Source: KGI

[behappyalways]

Amazon Cuts 100,000 Employees From Workforce In A Single Quarter
https://www.zerohedge.com/economics/ama ... le-quarter

[winston]

not vested

Amazon.com Inc. – Cost pressures surpassing healthy demand

2Q22 revenue beat expectations, but earnings missed modestly. 1H22 revenue at 45% of our FY22e forecasts, while normalised PATMI came in at 38%, excluding a pre-tax valuation loss of US$3.9bn from Rivian Automotive.

Faced with US$4bn incremental cost from external factors: higher fuel prices, trucking, air and ocean freight rates. Higher energy costs to hurt margins, with 4% FX headwinds in 3Q22.

We believe that earnings will remain suppressed due to increasing inflationary costs in the near term; our FY22e assumptions remain unchanged.

We downgrade to NEUTRAL with an unchanged target price of US$133.00 based on DCF with a WACC of 6.4% and terminal growth of 5.0%.

Source: Phillips

https://www.stocksbnb.com/reports/amazo ... hy-demand/