AMZN’s Short Term Pain VS Long Term Gain
@ZEROHERO：
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.
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.
Like
Report
Login to post
No comments yet