Tag: Amazon

  • Meet Amazon’s AI Assistant, Rufus

    Meet Amazon’s AI Assistant, Rufus

    Amazon (AMZN) is soaring. All after posting better-than-expected earnings. EPS of $1 was well above estimates for 80 cents.  Revenue of $170 billion was above estimates of $166.2 billion. Amazon Web Services numbers came in at $24.2 billion, as expected. Advertising came in at $14.7 billion, slightly above expectations for $14.2 billion. Amazon also said…

  • The Holiday Rally in Amazon May be Over

    The Holiday Rally in Amazon May be Over

    “Once the holiday shopping season is over, investors may want to consider a short position in the AMZN stock. That’s because for most years, once the holiday season is over, the stock tends to see a good deal of profit-taking a few weeks into the new year,” we noted on Nov. 26. Today, analysts at…

  • How to Trade Amazon Heading into New Year

    How to Trade Amazon Heading into New Year

    Amazon had an incredible year. Since 2023 began, the ecommerce giant exploded from about $81.43 to a recent high of $146.74. Even holiday spending numbers should boost the stock even more. Black Friday online sales, for example, were up 7.5% year over year to about $10 billion. Also, as noted by MarketWatch.com, “Adobe Analytics said…

  • Amazon Pushing Higher on Latest Earnings Beat

    Amazon Pushing Higher on Latest Earnings Beat

    Amazon (AMZN) could push higher with its latest earnings beat. In its second quarter, the company posted EPS of 94 cents, as compared to expectations for 58 cents. Revenue of $143.1 billion was also above expectations for $141.4 billion. While Amazon Web Services slightly missed expectations for $23.2 billion, with a print of $23.1 billion,…

  • Weakness in Amazon is a Buy Opportunity

    Weakness in Amazon is a Buy Opportunity

    The pullback in Amazon (AMZN) has gotten a bit ridiculous. Sure, it’s seen slower growth, with lower-than-normal sales. In its third quarter, for example, the company posted revenue of $127.1 billion, which was up about 15% year over year.  Unfortunately, it was lighter than expectations for $127.46 billion. Worse, its cloud business saw 27.5% growth…

  • This is Why Affirm Holdings is a Solid Long-Term Buy

    This is Why Affirm Holdings is a Solid Long-Term Buy

    Affirm (AFRM) is still running. When we first brought the stock to your attention, it traded at $63.  Now it’s up to $132 and could be headed to $200.  With partnerships in place with Amazon and Target for example, AFRM could see solid momentum as we head into the holiday shopping season. In fact, according…

  • BNPL Boom: This is Why Affirm Holdings Could See Higher Highs

    BNPL Boom: This is Why Affirm Holdings Could See Higher Highs

    Affirm Holdings (AFRM) continues to rally. When we first brought the “Buy Now, Pay Later” stock to your attention, it traded at $63.  Today, it’s up to $129, as Target joins the BNPL boom. “Ahead of the busy holiday season, Target is offering shoppers additional ways to pay for their purchases with new installment plans…

  • How to Trade Potential $99 Billion Grocery Delivery Market

    How to Trade Potential $99 Billion Grocery Delivery Market

    Keep an eye on DoorDash Inc. (DASH). The stock just broke out above double top resistance, and could soon test $210, we believe.  All after it and Albertsons partner on same-day grocery delivery from about 2,000 stores.  The partnership, according to CNBC, may help grocery stores, like Albertsons compete with companies like Amazon and Walmart,…

  • Use Weakness as an Opportunity in Pharmacy Stocks

    Use Weakness as an Opportunity in Pharmacy Stocks

    Keep an eye on drugstore stocks. At the moment, CVS Health (CVS), Walgreens (WBA), and Rite Aid (RAD) are getting knocked down on speculation Amazon could open brick-and-mortar pharmacies. However, discussions are only in exploratory stages.  Plus, even if Amazon wanted to move forward, it could take up to a year for stores to open.…