Why I Like AMZN📦 & 24/2 Price Predictions🔮 For FAANG Stocks + My 2nd Accuracy Review🔎🔎
All 5 (M)FAANG stocks have fallen sharply in response to recession fears, but AMZN📦 & NFLX📺 have fallen the most from their from all-time highs. Neither stock has fallen more sharply at any point in last 10 years (aside from the current bear market), but the future still looks promising for both businesses. That means we 🐯🐯🐯 have a once-in-a-decade buying opportunity. 🔑 reasons why I like AMZN📦 better than NFLX📺 & why I will add more shares if AMZN📦 drops again:
⭐️ Amazon Web Services is the innovation leader in cloud computing🏆 & holds & market share than Microsoft Azure & Alphabet's Google Cloud combined🥇
⭐️⭐️ AMZN📦 is the 4th-largest digital advertiser in the world, & the company is taking market share from the leaders, Alphabet & Meta Platforms.
⭐️⭐️⭐️ AMZN📦 operates the most popular online marketplace in the 🌎 as measured by monthly visitors.
🥳🥳🥳 That makes AMZN📦 a major player in the 3 large & growing markets❣️
➡️ According to forecasts from industry analysts, retail e-commerce sales will increase by 13% annually through 2030, cloud computing spend will increase by 16% annually through 2030, & digital advertising spend will increase by 9% annually through 2030💵💵💵
Let’s move on to see how AMZN📦 might perform this week🕵🏻♀️ Most of you 🐯🐯🐯 might know by now that I love sharing the latest stock stuff with Y💗U-Early last year I introduced you to leveraged & inverse ETFs when the 🐻 market started, then in Dec 2022, I introduced you to using AI🤖 to Predict Stock Prices🔮 Currently I’m still analysing the accuracy of this 🤖program & would love for you to follow this series❣️If you haven’t read my earlier 🔮Stock Price Prediction posts, do click on the Snoopy Icon to reach my homepage to find Post Titles with 🤖/🔮
Below is my 2nd 🤖 accuracy review for the (M)FAANG stocks & the updated predictions for 17/2🔎🔎🔎:
💫 On 3/2, I used 🤖 to predict the closing prices of the (M)FAANG stocks for:
✅ 10/2 (1 week later)
✅ 17/2 (2 weeks later + Release of CPI, Retail Sales, PPI)
✅ 24/2 (3 weeks later)
💫 Last week after my 1st Accuracy Review of the (M)FAANG stock price predictions, I provided the updated 1 week price predictions for 10/2.
💫 I am doing a dual analysis on 1 week 🆚 2/3 weeks to see what kind of different information I’ll get🔍👩🏻💻
🔎 For 10/2, the 1 week prediction accuracy was higher than 2 weeks prediction with only a 0.2%-1.8% deviation from the predicted price🥳🥳🥳
🔎 In terms of rise & fall, the 🤖 managed to predict 3/5 stocks correctly (instead of the 2/5 for 10/2) & this was likely due to lesser stock volatility compared to the week before.
$Amazon.com(AMZN)$Based on the closing value of $172.88, ♾META is predicted to 📈Rise 1.02% & close at $174.64 on 24/2.
Based on the closing value of $97.20, AMZN📦 is predicted to 📉Fall 0.82% & close at $96.41 on 24/2.
Based on the closing value of $152.55, AAPL🍎 is predicted to 📈Rise 0.01% & close at $152.57 on 24/2.
Based on the closing value of $347.96, NFLX📺 is predicted to 📈Rise 1.16% & close at $351.99 on 24/2.
Based on the closing value of $94.35, GOOGL💻 is predicted to 📈Rise 0.77% & close at $95.08 on 24/2.
Fellow 🐯🐯🐯 Do follow me if you enjoy reading analytical stock research🔍 presented in a fun & easily understandable way & for more 🤖Stock Price Predictions🔮
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As usual-🤔💭 Consider POV & Actions of investors + 👩🏻💻👨🏻💻 Research + 🗑FOMO & Greed = Investing Wisely 🤓🤗 + Accumulating Wealth 💵💰
@TigerStars @CaptainTiger @MillionaireTiger @Daily_Discussion
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1)r they want cut cost?