🐻: What’s Ahead For AMZN📦❓

👌 Q1 sales for the cloud computing unit, Amazon Web Services (AWS), rose 16% to $21.4 billion, slowing from 37% growth in the year-earlier period but beating analysts’ projected AWS growth of 15% for the March quarter

👎 On the 📦 earnings call, management said AWS is seeing slower growth in April 🆚 Q1.

👎 Investors panicked & sold-off because Wall Street analysts have expected AWS revenue growth to bottom in Q2 2023, then slowly reaccelerate. However, if the 🇺🇸 economy falls into a recession, AWS's slowdown could hit bottom later.

🐻 In addition, analysts say 📦 cloud business could be losing market share to MSFT amid the slowdown.

🤔💭My Thoughts:

(1) 📦 forecast Q2 2023 revenue of $130 billion at the midpoint of its outlook, in line with analyst estimates & expects Q2 operating income of $3.8 billion at the midpoint of its outlook, below analyst estimates for $4.4 billion. 📦 could trade sideways until the Q2 print when it will likely give intra-quarter AWS growth trends, thus it’s not ⏰ to add. Will buy the dip if market corrects & 📦 drops significantly.

(2) 🐂-ish for $Meta Platforms, Inc.(META)$ Bullish as it gainadvertising shares from SNAP & PIN. $Alphabet(GOOGL)$ Bullish likely to trade sideways until breakthroughs in AI🤖

$Coca-Cola(KO)$ $Coinbase Global, Inc.(COIN)$ 

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