Trending stocks on google12/10/2023 ![]() This isn't a shockingly high level for a growth stock with leadership in the trillion-dollar e-commerce market and the billion-dollar cloud computing market. The shares have climbed more than 55% so far this year, leaving them trading for 61 times forward earnings estimates. For example, last quarter Amazon reported a doubling of operating income, a shift to net income from a loss, and a switch to an inflow of cash from an outflow.Ī boost from sales events such as Prime Days and eventually Black Friday could add to this positive momentum - and that may serve as a catalyst for the stock. The company has started demonstrating clear signs of recovery in the past couple of earnings reports. Offering earnings a liftĪll of this could offer Amazon's earnings a lift at an important time. The average order size this time around was slightly higher than that of last October, Numerator data show. Though the October event hasn't delivered as much revenue as the July one in the past, this week's event may be set to grow in comparison to last October's Prime sale. So, shoppers this year may be particularly interested in buying during Amazon's special sales periods. And in the case of 45% of purchases, shoppers had been waiting for those items to go on sale. About 85% of shoppers say the deal event was their main reason for shopping, according to research firm Numerator. In fact, considering the difficult economic context, a couple of statistics are worth noting. Numbers from the October Prime event are starting to roll in and offer reason for optimism. This should serve Amazon well in any economic setting.īut why should we buy the stock right now? Amazon's e-commerce business is benefiting - and set to benefit - from the most important selling days of the year: the original Prime Day in July will contribute to third quarter earnings, and the company's newer Prime Day event this month - called Prime Big Deal Days - as well as Black Friday and holiday sales will contribute to fourth quarter earnings. The company improved its cost structure through cutting jobs, boosting efficiency, and investing in high growth areas. This year, though, Amazon showed investors it's able to handle the toughest of environments and turn things around pretty quickly. Amazon even reported its first annual loss in almost a decade, and the company's share performance stumbled too. The market giant went through turbulent times last year as higher inflation hit it in two ways - increasing Amazon's costs and reducing its customers' buying power. Which company am I talking about? E-commerce and cloud computing powerhouse, Amazon (NASDAQ: AMZN). ![]() In fact, one of last year's stock-split companies makes a particularly good buy right now. Some could make good buys moving forward. ![]() And that means it's a great idea to take a closer look at companies that have split their stock in recent times.
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