Why Walmart And Alphabet Are Beating Amazon In Drone Delivery
https://m.youtube.com/watch?v=yMqbj4Kj-z0
Buy Levels: If you want to get in on this trade, you can purchase shares of AMZN above the price of around $121.10.
TP: Our target prices are $130 and $136 in the next 3-6 months.
SL: To limit risk, place stop-loss at $116. Note that the stop-loss is on a closing basis.
Our target potential upside is 7% to 12% in the next 3 to 6 months.
For a risk of $5.10, our target rewards are $8.90 and $14.90. This is a nearly 1:2 and 1:3 risk-reward trade.
AMZN Stock Offers AI Exposure
Amazon Might Offer Mobile Phone Service Soon
First-quarter results were better than many expected.
Total sales increased 9% to $127 billion, net income turned positive and cash flow metrics improved.
This could be a sign that management is righting the ship. If so, then the market’s focus on the short term has left patient investors with a terrific opportunity.
Launched in 2005, Prime has more than 200 million members worldwide who are entitled to
In the first three months of this year, Amazon reported it made $9.6 billion from subscriptions, a 17% jump from the same period last year.
The tech giant has also faced other lawsuits accusing its Prime cancelation process of being too complicated. While under scrutiny from the FTC, the company in March provided consumers with instructions on how to cancel their Prime memberships in a blog post.
The lawsuit follows another Amazon-related win by the agency just a few weeks ago. Earlier this month, Amazon agreed to pay a $25 million civil penalty to settle allegations it violated a child privacy law for storing kids’ voice and location data recorded by its popular Alexa voice assistant.
It also agreed to pay $5.8 million in customer refunds for alleged privacy violations involving its doorbell camera Ring.
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