There is a fundamental reason why the shares have been rebuffed at the $200 mark
You don't have to invest in unproven stocks to beat the market.
The CNN Money Fear and Greed index showed an improvement in the overall market sentiment, while the index remained in the “Neutral” zone on Friday.
Amazon has an impressive portfolio with growth in all aspects of its business, driving total net income. The company's ads and AWS business have the ability to continue generating $10s of billion in net income that the company can use for returns. Overall, Amazon has earned another quarter of trust, making it worth holding on to for now.
Wall Street liked what it saw in Amazon's latest report.
Amazon's (NASDAQ: AMZN) stock is up 30% this year, while the S&P 500 is 23% higher.
As Amazon's (NASDAQ: AMZN) share price approaches the $200 resistance level following impressive Q3 earnings, the stock has witnessed significant insider trading activity.
Which of these resilient retail stocks is a better investment right now?
Amazon continues to fire on all cylinders -- and its future looks bright.
Amazon reported a strong set of results, driven by strength in ecommerce and rising AWS margins. Deceleration in third-party services implies merchant migration to competing platforms. Recent Temu restructuring poses a long-term risk to AMZN's e-commerce moat.
Amazon reported better than expected Q3'24 earnings, driven by strength in e-Commerce, but especially in Cloud. Amazon beat both top and bottom-line earnings by wide margins. The biggest take-away from the earnings report was that AWS-related operating income is surging. The firm's guidance for Q4 is solid. The fourth-quarter includes shopping events like Black Friday as well as the Christmas holidays which should lead to a boost platform spend.
U.S. energy regulators rejected an amended interconnection agreement for an Amazon data center connected directly to a nuclear power plant in Pennsylvania, a filing showed on Friday.