To The Moon

🌟🌟🌟It's that time of the year when retailers rub their hands in glee as shoppers shop till they drop in Black Friday and Cyber Monday sales. In the US, Thanksgiving Day saw USD5.6 billion in online spending, an increase of 5.5% year over year. Black Friday alone generated a whopping USD 9.8 billion in online sales - up 7.5% from the previous year. Cyber Monday is even bigger! It is the Biggest online shopping day of the year, driving a record USD 12 billion in spending. That is up 6% year over year. $Amazon.com(AMZN)$ leads the global ECommerce market, boasting a worldwide revenue of USD 133.5 billion in 2022. The days when you go to the shops early in the morning to catch sales are over. ECommerce has taken over the world by storm. Amazon's share price is up 2.8% over the past 5 days and a massive 71% year todate. Amazon 's 3Q 23 earnings report beat expectations and has given Amazon shares a big boost of 22% since its October 26 report. Amazon reported adjusted earnings of 94 cents a share. Revenue increased 13% year over year to USD 143.1 billion. ECommerce sales were up 7% to USD 57.3 billion versus expectations of USD 56.97 billion. Amazon collected USD 34.3 billion from 3rd party sellers versus expectations of USD 33.4 billion. Operating income increased to USD 11.2 billion in 3Q23 compared to USD 2.5 billion for previous year quarter. This was due to cost cutting including significant layoffs of staff. Amazon has also partnered with $Meta Platforms, Inc.(META)$ and Snapchat on advertising to boost sales. Amazon hopes to enable people to shop for their products on other platforms. Amazon Web Services (AWS) posted a 12% year over year increase to USD23. 1 billion. Q3 operating income for AWS jumped 29% year over year to USD6.98 billion versus expectations of USD 5.6 billion. Amazon is also building AI products for its cloud customers. Booking.com, Go Daddy and United Airlines are using AWS to build generative AI products. Amazon has also invested USD 4 billion in Anthropic, a rival to ChatGPT in September 2023. Amazon has signed a partnership with Hyundai to offer digital vehicle sales in 2024. Anazon is indeed the "Everything" store. Wall Street Analysts are bullish on Amazon with a Buy rating, Target price of USD 175.22, an upside potential of 28%. $Pinduoduo Inc.(PDD)$ has done well in Black Friday Sales. Since launching in the US in September 2022, Temu owned by PDD has leapt to the top of app stores. Temu is offering Black Friday sales with offers of up to 90% off! Temu is now live in 47 countries. Temu's strategy of deep discounting seems to be paying off. PDD is scheduled to report its 3Q23 earnings on November 28 2023. Wall Street Analysts expect sales at USD 7.22 Billion, indicating a growth of 44.6% from the previous year quarter. The consensus mark for earnings per share is USD 1.23, an upside potential of 1.6%. PDD's share price surged 15% on August 29 after it posted its 2nd quarter results. Revenue rose 66% year over year to USD 7.21 billion and exceeded Analysts'expectations by USD1. 18 billion. PDD's net income increased 42% to USD 2.11 billion. PDD's earnings have surpassed Wall Street Analysts's estimates in the trailing 4 quarters, the average surprise being 36.5%. PDD is the 3rd largest ECommerce Chinese company after $Alibaba(BABA)$ and $JD.com(JD)$ It is also the fastest growing of the 3. PDD carved a niche by selling discount and off brand products across China's lower tier cities. It also encouraged shoppers to team up across social media to score steeper discounts on bulk purchases. Apart from Temu, PDD also owns Duoduo Groceries delivering fresh produce from farmers to customers. PDD has been profitable with rising operating margin over the past 2 years. Wall Street Analysts are bullish on PDD with a Buy rating, Target price of USD 125.53, an upside potential of 5.9%. I am bullish on Amazon and Pinduoduo as I believe they have exponential growth ahead. As we head towards December, let's hope the markets will rally further to end the year with a Big Bang and a great start to 2024. @Daily_Discussion @TigerStars @MillionaireTiger @CaptainTiger @Tiger_comments @Tiger_Earnings @TigerClub @Tiger_SG