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🐻: What’s Ahead For AMZN📦❓
@LMSunshine：
$Amazon.com(AMZN)$ reported Q1 2023 earnings that topped Wall Street targets amid cost-cutting by the e-commerce giant. AMZN📦 stock fell 3.98% on 28/4 (Fri) to close at $105.45 as management's earnings call commentary raised questions over how long a slowdown in cloud computing growth will persist. 👌 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🤖 $Coca-Cola(KO)$ $Coinbase Global, Inc.(COIN)$ Do follow me if you enjoy reading analytical stock research🔍 presented in a fun & easily understandable way😉 & for the Latest Stock & 🗞🗞🗞 Updates🕵🏻♀️❣️ Please help to click on the “Like” & “Share/Repost” buttons at the Bottom Right corner so that more 🐯🐯🐯 can access this information, many thanks🤗🥰 You will Greatly Encourage Me❣️ As usual-🤔💭 Consider POV & Actions of Investors + 👩🏻💻👨🏻💻 Research + 🗑FOMO & Greed = Investing Wisely 🤓🤗 + Accumulating Wealth 💵💰 @TigerStars @CaptainTiger @MillionaireTiger
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