Amazon (AMZN) / Jeff Bezos

[behappyalways]

Amazon To Fire 10,000 Employees, Largest Layoff In Company History
https://www.zerohedge.com/markets/amazo ... -employees

[behappyalways]

Amazon founder Jeff Bezos warns a recession is looming - and Americans should 'prepare for the worst'
https://markets.businessinsider.com/new ... ok-2022-11

[winston]

not vested

Amazon.com is starting a health referral service that seeks to link patients to virtual visits with providers who treat conditions like acne, hair loss and allergies.

The initiative, called Amazon Clinic, is the Seattle company’s latest effort to break into health care.

It already operates an online pharmacy, and is in the process of buying 1Life Healthcare, which manages clinics under the One Medical brand, for US$3.49 billion.

In a blog post announcing the service on Tuesday (Nov 15), Amazon called the new clinic a “virtual health storefront,” connecting patients to “award-winning telehealth providers.” The post didn’t name those partners.

The offering will be initially available in 32 US states and doesn’t yet accept insurance, Amazon said.

Patients select their condition, choose a provider from a list, and complete an intake questionnaire. From there, they connect directly to the provider through a “message-based portal.”

The marketplace model is a new direction for Amazon in health care. The company tried through Amazon Care to offer medical services itself, hiring and directing nurses and other medical professionals, but that initiative is being wound down.

Source: Phillips

[winston]

not vested

What to Do About Amazon (AMZN) Stock Right Now

With rampant inflation, Amazon’s e-commerce business is suffering from not only rising product costs but rising expenses. On top of that, consumers have less money to spend, so they can’t buy nearly as many products, impacting Amazon’s revenue.

Amazon Web Services (AWS), which could usually be relied on to “pick up the slack” in any retail slowdown, is also getting hit. Amazon discussed on its most recent earnings call that businesses are hitting speed bumps in their growth and scaling back on many of their Cloud expenses.

Given the current economic outlook and trading at an elevated valuation, it is not a good time to “buy the dips” and build a bigger Amazon stock position.

Source: Money Morning

https://dailytradealert.com/2022/12/18/ ... right-now/

[winston]

not vested

These Will Be The Best 10 Stocks In 2023, Analysts Say

by MATT KRANTZ

Analysts are almost equally bullish on Amazon.com's stock.

Yes, shares of the online retailer are down 49.2% this year to 84.61. But analysts think in 12 months' time they'll be back up to 141.68 or nearly 68% higher.

But in this case, analysts are banking on a comeback year in 2023, to follow a dismal 2022.

Amazon is expected to return to making a profit of $1.69 a share in 2023, after losing 9 cents a share in 2022.

Source: IBD

https://www.investors.com/etfs-and-fund ... src=A00220

[winston]

not vested

Did Amazon Stock Bottom in 2022 or Are More Losses on the Way?

Amazon stock is down 50% so far on the year. The stock must hold key support.

by BRET KENWELL

Amazon's seemingly strong and resilient business in the cloud with Amazon Web Services is showing some cracks, while its retail business has been prone to rising inventory and transportation costs, alongside fluctuations in consumer spending.

Should $80 fail as support, then the $72 to $73 area stands as a possible landing spot. That’s the 61.8% retracement of the stock’s entire trading range and the 161.8% downside extension of the current range.

Lastly, the $67.50 area stands out as notable support. That would represent a 19% decline from current levels and equate to a 64.1% decline from the all-time high.

For now, though, let’s see how the low-$80s do as support.

Source: The Street

https://www.thestreet.com/investing/sto ... Bthe%2BWay?

[winston]

not vested

It's Finally the Perfect Time to Buy Amazon Stock

by Luke Lango

The Cloud business is still growing at a 28% year-over-year clip. And it slowed in line with the cloud slowdowns at Alphabet and Microsoft (MSFT ) – so Amazon Web Services isn’t losing share.

The ad business actually saw its growth rates accelerate in the quarter to 30%. Against the backdrop of Meta and Alphabet’s YouTube division reporting negative ad revenue growth, that’s very impressive. Amazon’s ad business is clearly gaining significant market share.

The online stores business returned to growth after three consecutive quarters of contraction due to tough pandemic comps. The physical store business continues to grow steadily.

The stock is trading around 1.8X trailing sales, more than two standard deviations below the stock’s five-year-average sales multiple.

Source: Hypergrowth Investing

[behappyalways]

Amazon says it will cut over 18,000 jobs, more than initially planned
https://www.cnbc.com/2023/01/04/amazon- ... anned.html

[winston]

not vested

3 Reasons to Buy Amazon Stock, According to DBS

1. The Cloud segment is still showing “resilience. Taking a 32% share of the global market certainly helps and considering that it contributed just 16% to 3Q22 revenue but represented all the company’s profit,

2. Amazon’s Advertising business, which is expected to account for 7% of global digital ad revenue in 2022, compared to less than 1% just six years ago. The segment generated revenue of $9.6 billion in 3Q22, amounting to a 25% year-over-year uptick, easily beating rivals such as SNAP (6%), TWTR (2%) and META (-4%).

3. 38% chunk of the US e-commerce sector.

$124 price target

Source: TipRanks

https://finance.yahoo.com/news/3-reason ... 07107.html

[behappyalways]

Why Amazon's Marketplace Failed In China.
https://m.youtube.com/watch?v=g3ddcu-LLWI