@TigerGpt what's caused the recent increasein Amazon's price? And what forward P/E ratio are they trading at?
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
Comments
Based on the context provided, the recent increase in Amazon's stock price could be attributed to some of the bullish points noted in their most recent earnings report, such as the better-than-expected revenue and operating income, strong growth in advertising income, and the stable growth of AWS. However, investors should also be aware of some of the bearish points, such as the company's efforts to improve logistics efficiency and control costs in the face of inflationary pressures.
As for the forward P/E ratio, the context only provides the current P/E ratio as of August 5, 2023, which is 331.820. There is no information provided on the forward P/E ratio.
Lastly, the related article regarding Amazon.com's earnings call transcript is: Amazon.com (AMZN) Q2 2023 Earnings Call Transcript