Get started
Amazon.comAmazon.comAmazon.com

Amazon.com

No trades
See on Supercharts
Overview Financials News
Ideas
Discussions Technicals Forecast Seasonals Options Bonds

AMZN trade ideas

Amazon Soaring: Unveiling the AI-Powered Path to Prosperity The recent surge in Amazon's stock, propelling its founder Jeff Bezos to a staggering $3.8 billion gain in just 24 hours, reflects not only the resilience of the e-commerce giant but also the growing investor confidence in its 2024 outlook. Market Resilience Amidst Tech Turbulence: Despite facing headwinds alongside other major tech firms during last week's market downturn, Amazon demonstrated remarkable resilience, boasting a 2.60% increase in its shares in Todays trading session. This resilience is attributed to the optimistic outlook on Amazon's profit prospects, particularly fueled by advancements in artificial intelligence (AI). The Power of AI Investments: Amazon's strategic investments made during the pandemic are proving to be a catalyst for its current success. The company's commitment to AI development is paying off, with advancements in technology contributing to robust growth trends and improved profit margins. As the world becomes increasingly digitized, Amazon's proactive stance in harnessing the potential of AI positions it at the forefront of the e-commerce and technology sectors. Cloud Business Boom: A noteworthy factor contributing to Amazon's positive momentum is the anticipated increase in demand for its cloud business, driven by AI advancements. As businesses across the globe recognize the transformative power of AI, Amazon is well-positioned to capitalize on this trend. The company's cloud services, bolstered by AI capabilities, are expected to play a pivotal role in meeting the evolving needs of industries ranging from healthcare to finance. Jeff Bezos: The Top Gainer: The $3.8 billion boost in Jeff Bezos' net worth not only solidifies his status as one of the world's wealthiest individuals but also highlights his unwavering commitment to Amazon's success. Bezos, as the visionary founder, continues to steer the company toward new heights, leveraging AI and other cutting-edge technologies to secure its dominant position in the market. Technical Analysis: A Bullish Outlook: A closer look at Amazon's technical analysis reveals a strong development within a rising trend channel in the medium long term. This signals increasing optimism among investors and indicates a continued rise in the stock's value. The breakthrough of resistance at $145 reinforces the bullish sentiment, predicting a further ascent in the near future. Conclusion: Amazon's recent stock surge, coupled with Jeff Bezos' substantial gains, underscores the company's ability to weather market uncertainties and emerge stronger. As AI continues to shape the future of technology and business, Amazon's strategic investments and forward-thinking approach position it as a beacon of success in the e-commerce and cloud computing arenas. Investors and industry enthusiasts alike are eagerly watching as Amazon navigates the evolving landscape, driven by the promise of AI-powered prosperity.
NASDAQ:AMZNLong
by DEXWireNews
AMZN Update: Big drop incomingIn all the different tech stocks I have been looking at, most of them appear due for a steep correction. This coincides with my thesis for the various US indices too. Looking at this chart Amazon looks like it needs OMH into the 1.618 @ $158.94 to complete wave ((B)) but that is not required. If you are long this thing you are taking huge undue risks for breadcrumbs IMHO. I personally haven't been trading AMZN, but if I was, I would remain flat until we get that next high (if it comes) and be ready to buy puts/short the stock. The next drop forecasting should take us sub $80 at the least. After that, price should soar to all time new highs, but we are a long way off from that. As you see, I have an ALT count on the chart (turquoise label) per the usual. This count suggests wave IV is already over and we're headed to all time new high in this current move higher. With the state of the economy, the limited benefit AMZN offers (convenience only), and the structure thus far carved out, I think this is not very likely. If you know me though, you know I try to track at least two different counts. Amazon is HIGHLY dependent on the supply chain as they are essentially just a middleman. This makes them especially vulnerable to outside factors that are out of their control. The global unrest/geopolitical environment is not good for Amazon and make it a very risky long-term investment if you ask me. Just my two cents as everyone's responsible for their own decisions. Good luck whatever you decide to do with this information.
NASDAQ:AMZN
by TSuth
6
Unveiling the Forces Behind $AMZN's 81% Gain in 2023 Amazon (NASDAQ: NASDAQ:AMZN ) quietly emerged as one of the standout performers, recording an impressive 81% gain in its stock value. While the spotlight was often on other tech giants like Nvidia and the AI sector's newfound fascination, Amazon's remarkable turnaround marked one of its best years on record, adding approximately $700 billion in market value. I. Riding the Tech Stock Wave: Amazon's surge in 2023 was not isolated but part of a broader trend in the tech industry. The Nasdaq Composite soared 43%, and the Nasdaq 100 experienced a 54% jump, reflecting the overall bullish sentiment in the sector. The "Magnificent Seven," the seven most valuable tech stocks, witnessed substantial gains, positioning Amazon right in the middle of this impressive cohort. II. Strategic Moves and Profitability Surge: A pivotal factor contributing to Amazon's success in 2023 was CEO Andy Jassy's strategic approach to enhance profitability. The company underwent its most extensive layoff ever, shedding around 27,000 corporate employees, and divesting experimental ventures like the Scout home delivery robot and the Amazon Care healthcare service. Additionally, several Amazon Go stores employing the "Just Walk Out" technology were closed. These decisive actions, coupled with sustained growth in high-margin businesses like the third-party marketplace, advertising, and Amazon Web Services (AWS), led to a remarkable surge in operating margin. In the third quarter alone, operating income catapulted from $2.5 billion in the previous year to an impressive $11.2 billion. The cumulative operating income for the first three quarters of 2023 reached $23.7 billion, compared to $11.2 billion in 2022. III. Continued Focus on Profitability: Looking ahead to 2024, Amazon's focus on profitability remains a core strategy. Jassy's commitment to leveraging earlier investments, such as incorporating advertisements into Prime Video, signals a continued drive to boost the company's profit margins. While Amazon's current price-to-earnings ratio of 75 might seem steep by conventional metrics, the sustained potential for margin expansion justifies the valuation. IV. AI and Future Growth: Artificial Intelligence (AI) emerges as a pivotal growth opportunity for Amazon in 2024. The launch of the Bedrock AI hosting service and a strategic partnership with Anthropic AI, backed by a $4 billion investment, showcase Amazon's commitment to advancing in the AI landscape. Although a breakthrough in AI is not essential for continued success, it could undoubtedly amplify Amazon's growth trajectory. With competitive advantages in e-commerce and AWS, Amazon is well-positioned to thrive in the evolving tech landscape. Conclusion: While replicating an 81% jump in 2024 may be unlikely, Amazon's trajectory points to sustained growth. With a wide economic moat, the company has ample room to drive profits higher, supported by strategic moves, expanding margins, and an increasing focus on AI. Investors should keep a keen eye on Amazon in 2024, as the tech giant continues to navigate the ever-evolving landscape with resilience and innovation.
NASDAQ:AMZNLong
by DEXWireNews
Long in Amazon"I have recently taken a long position in Amazon stock based on a buy signal from a bullish harmonic pattern. After conducting a thorough analysis of the stock's price movement, I have identified the formation of a bullish harmonic pattern that suggests a potential upward movement in price. This trading decision is based on the expectation that the price will increase as the bullish harmonic pattern unfolds. I have also observed additional bullish indicators that support my decision to go long on Amazon stock. As a diligent trader, I will closely monitor the price action, market sentiment, and relevant fundamental factors to effectively manage my position and make necessary adjustments as the trade progresses. Implementing a strong risk management strategy is crucial to protect my capital and optimize potential profits. However, it is important to note that trading based on harmonic patterns or any other technical analysis tool carries risks, and careful consideration is necessary. I highly recommend conducting thorough research, developing a sound risk management plan, and, if needed, seeking guidance from a qualified financial professional before making any investment decisions." Please remember that this text is for informational purposes only and should not be considered as financial advice. It is always advisable to seek professional advice and conduct thorough analysis before making any financial transactions.
NASDAQ:AMZNLong
by JuanHernandez
2
The expansion of the fifth wave? five waves up and three waves dHello there, I hope you're having a great start to the new year. I wish you all the best in your trading ventures and a happy new year with your loved ones. I'm a fan of the Elliott wave principle, which I find interesting and useful for market analysis. I've developed my analytical approach by combining this principle with my personal experience and considering various scenarios that are likely to occur in the market. Although I'm going to share my analysis with you, please note that I won't be providing a buy or sell signal. My goal is to share my unbiased analysis so that you can use it as a guide to make an informed decision. To give you confidence in my analysis, I'll always share my previous analysis from the same market so that you can compare. All the details of my analysis are clearly labeled, making it easy for you to understand. I hope my analysis will be useful to you in your business journey, and I wish you the best. I'm waiting to hear from you. Finally, I'd like to remind you that like-mindedness and support, comments, and likes are the most important pillars of progress, like support points in the financial markets. They give me the energy to continue and share more ideas with you. Sincerely,
NASDAQ:AMZN
by mehdi47abbasi79
Continued bull marketHello! I am a big fan of the Elliott wave principle, which I find very interesting and useful for market analysis. I have developed my analytical approach by combining this principle with my personal experience and considering various scenarios that could occur in the market. While I would like to share my analysis with you, please note that I am not providing a buy or sell signal. My primary intention is to share my unbiased analysis so that you can utilize it as a guide to make an informed decision. To build your confidence in my analysis, I always share my previous analysis from the same market so that you can compare and see the progress. All the details of my analysis are clearly labeled, which should make it easy for you to understand. I hope that my analysis is useful to you in your business journey, and I wish you all the best. I am looking forward to hearing from you. Lastly, I would like to mention that like-mindedness and support, comments, and likes are the most important pillars of progress, just like support points in the financial markets. They give me the energy to continue and share more ideas with you. Sincerely
NASDAQ:AMZNLong
by mehdi47abbasi79
2
Will Amazon Stock Continue to Rise?Analysts at JPMorgan Chase believe in continued growth in the technology sector in 2024, with a particular focus on Amazon.com Inc.'s stock. The company is showing impressive growth rates in both revenue and net income. Compared to its P/S multiple (capitalisation to revenue ratio), Amazon.com Inc. trades lower than the technology sector, at 2.84 versus 5.38. According to this ratio, the fair value of the issuer's securities could reach 206.49 USD. Therefore, today, we direct our attention to the stock chart of Amazon.com Inc. (AMZN). On the D1 timeframe, a support level has formed at 145.52, and resistance has formed at 154.85. Within the current uptrend, the quotes strive to consolidate above the 149.46 mark, which previously served as resistance. A breakout of 154.85 is highly likely in the future. On the H1 timeframe, long positions may be of interest once the level of 154.85 is breached, with a short-term target of 163.75. In the medium term, it is possible to hold a long position up to 186.67. — Ideas and other content presented on this page should not be considered as guidance for trading or an investment advice. RoboMarkets bears no responsibility for trading results based on trading opinions described in these analytical reviews. The material presented and the information contained herein is for information purposes only and in no way should be considered as the provision of investment advice for the purposes of Investment Firms Law L. 87(I)/2017 of the Republic of Cyprus or any other form of personal advice or recommendation, which relates to certain types of transactions with certain types of financial instruments. Risk Warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 67.85% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
NASDAQ:AMZN
by RoboMarkets
AMZN: Stock Price Ends Year Stronger Than S&P 500Amazon shares are up approximately 79% year to date in 2023, outperforming the S&P 500. This reflects the company's strong fundamentals: → Amazon's third-quarter results beat Wall Street estimates, helped by growth in its cloud and advertising businesses. According to Barchart, analysts are forecasting AMZN's earnings growth of 35% in fiscal 2024, as well as revenue growth of 11%. → Positive forecasts are associated with the activation of retail trade. In the past three months alone, the SPDR S&P Retail ETF has gained 16.4%, significantly outpacing the S&P 500's 6.8% gain over the same period, according to FactSet data. Therefore, AMZN could benefit significantly from the holiday shopping season. → Analysts are praising the prospects of the Prime platform, which will soon broadcast games involving 40 major league teams in baseball, basketball and hockey. The chart shows that the AMZN stock price is moving steadily within the ascending channel (shown in blue). Wherein: → the price quickly rebounded from its lower border at the end of October - a sign of strong demand; → the price is able to stay in the upper half of the channel, using its median line as support and forming rising lows in December; → at the beginning of the new week, the price exceeded the psychological level of USD 150, setting a high of the year. Now the bulls need to consolidate the progress made and keep the price above the psychological level — it is possible that we will see a test of the USD 150 level, which previously acted as resistance, therefore, there is reason to expect that it will serve as support. It is possible that the bulls will try to update the fresh high of the year. This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.
NASDAQ:AMZN
by FXOpen
1