$Amazon.com(AMZN)$Bullish

Amazon share price has been on an upswing lately as investors are piling back into this quality tech stock.

Wall Street Analysts are also optimistic about Amazon.  It is a strong BUY with 39 analysts, the average Target Price is USD176.04 implying a 22.63% upside.

Even the legendary investor, George Soros has been buying big on Amazon with USD 213 million worth of shares.

Recently Amazon has been on an acquisition spree.  It announced a USD3.5 billion deal with 1 Life Healthcare and USD 1.65 billion agreement with iRobot, maker of Room a vacuum. 

In the latest quarterly report, Amazon reported a net loss of USD 2 billion and in the previous quarter, a net loss of USD 3.8 billion. 

In the 2nd quarter, Amazon recorded a non cash loss of USD 7.6 billion related to its 20% stake in Rivian.

Amazon has doubled its size of its fulfilment centre but due to supply disruption and soaring fuel prices, it has impacted its bottom line. 

I am bullish on $Amazon.com(AMZN)$as it has a dominant position in both e Commerce and Cloud Services.  Amazon Web Services has a strong lead over its closest rivals, Microsoft and Alphabet.  It is a great time to buy $Amazon.com(AMZN)$as it can only go up long term.

@Daily_Discussion@TigerStars@MillionaireTiger@CaptainTiger

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.

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  • bungeemelody
    ·2022-08-15

    Nice 

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    • 柳春叔Replying tokoolgal
      人生道路坎柯多,但要懂得去生活!人生不但是以年月日计算的,事实往往是最好的日历。
      2022-08-16
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    • koolgal
      Thanks
      2022-08-15
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    • 柳春叔Replying tokoolgal
      人生道路坎柯多,但要懂得去生活!人生不但是以年月日计算的,事实往往是最好的日历。
      2022-08-16
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  • Andie8392
    ·2022-08-15
    thanks for sharing. good post
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    • koolgalReplying toFGP
      Thanks
      2022-08-16
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    • FGPReplying tokoolgal
      Yay
      2022-08-16
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    • koolgal
      My pleasure
      2022-08-15
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  • HANDM
    ·2022-08-15
    buy and hold
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    • koolgal
      Thanks for sharing
      2022-08-15
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    • koolgal
      Great idea
      2022-08-15
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  • blue sky
    ·2022-08-15
    看好,等待机会再买一些。
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    • koolgal
      Yes that is a good strategy.
      2022-08-15
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    • koolgal
      Thanks for sharing your insights and knowledge
      2022-08-15
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  • yeetmin76
    ·2022-08-15
    Thanks for sharing
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    • koolgal
      My pleasure
      2022-08-15
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  • chrng
    ·2022-08-15
    [Miser] [Speechless] [Speechless]
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    • koolgal
      Thanks
      2022-08-15
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  • YesMdm
    ·2022-08-16
    Sis Kool, any idea on Tesla and Nvidia?
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    • koolgal
      As always please DYODD.
      2022-08-16
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    • koolgal
      I believe Nvidia share price has dropped a fair bit so maybe worth watching.
      2022-08-16
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    • koolgal
      Maybe worth while waiting for the share split.
      2022-08-16
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  • WillyNg
    ·2022-08-15
    For the rest and the rest of the time reach there
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    • koolgal
      Thanks
      2022-08-15
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  • b1uesky
    ·2022-08-15
    thk for sharing
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  • Jeanny
    ·2022-08-17
    ok, thanks
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  • JasonzCKS
    ·2022-08-17
    nice
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  • Newnew
    ·2022-08-17
    Hi
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  • Daphanie
    ·2022-08-17
    k
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  • MerLina
    ·2022-08-17
    👍
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  • Joe Lamborgh
    ·2022-08-17
    Good
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  • FGP
    ·2022-08-16
    Ok
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    • koolgal
      Thanks
      2022-08-16
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  • Nlatykislove
    ·2022-08-16
    [Smile][Smile][Smile]
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    • koolgal
      Thanks
      2022-08-16
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  • Milk337
    ·2022-08-15
    [Cool][Cool][Cool]
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    • koolgal
      Thanks
      2022-08-15
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  • YenEr
    ·2022-08-15
    [Like]
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    • koolgal
      Thanks
      2022-08-15
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  • CHOOTC
    ·2022-08-15
    ok
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    • koolgal
      Thanks
      2022-08-15
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