AMZN’s Short Term Pain VS Long Term Gain
Quick scalp with 12% gain. AMZN is now hanging on a strong support just before the big week ahead. Need a break above 90 for calls or taking puts under 88.5 on Monday. No tigger, no trade as market likely to chop before the big CPI reading on Tuesday leading to FOMC on Wednesday.
Retail remains its top revenue source, with third-party seller services and Amazon Web Services (AWS) being the next big sources. Revenue stream for Q3 FY22 hit $127.1B, a 14.7% increase Y/Y%
The Pentagon splits its $9 billion cloud computing contracts (through 2028) early last week. The breakdown for the various winners are:
• $AMZN AWS.
• $GOOG Google.
• $MSFT Microsoft.
• $ORCL Oracle.
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- CrystalRose·2022-12-12TOPso many people think because a stock is going down you can just buy outs and hope it goes down again. All stocks would be at ZERO if they always kept going down all the way once they went down some. The smart money is on the Market reversing for Santa rally like every year5Report
- littlesweetie·2022-12-12TOPAmazon is no longer the king in cloud services. Google, microsoft, and Oracle are snapping at its heels. Others will follow. And Walmart will topple Amazon in e-commerce soon.6Report
- CyrilDavy·2022-12-12TOPExactly what are the bulls expecting that will push this stock up?? Even if inflation were to drop a quarter point this week, it's still above 7%.6Report
- Cklew·2022-12-12$Amazon.com(AMZN)$ worth a hold6Report
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