Amazon Showing Signs of Weakness
Amazon's sales/revenue is set to decrease this quarter and their Amazon Web Services growth is falling. I would not buy Amazon ahead of earnings. IBM reported that their cloud services department did not grow as much as expected. Amazon should feel these same effects. Inflationary pressures most likely took a toll on the consumer and production/operation costs in amazons business. Not to mention higher employee payrolls.
A lot of bullishness surrounding this name the last couple of days. I would look to buy at the support levels, if you wish to long.
A lot of bullishness surrounding this name the last couple of days. I would look to buy at the support levels, if you wish to long.
Note
2020 was a strong year for amazon. The shock that caused a shift to online work: companies, households needed office/school equipment. Consumers had stimulus to help fund these purchases. AWS also benefited and expanded their clientele.Note
Amazon bulls, I have seen quite a lot of funds up there bets on amazon here. Valley Forge Capital Management bought like 200 million a couple days ago.Note
Just like I said Amazon Cloud Service revenue dropped similar to IBM's.
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.