Amazon
Amazon.com, Inc. – Common is under Algo Engine buy conditions.
Magnificent 7
In Q4 2023, the group achieved a market-weighted average of 60% YoY operating profit expansion, while Apple contributed an underperforming 11%.
- Tesla Q4: -47%
- Apple Q4: +11%
- Google Q4: +27%
- Microsoft Q4: +33%
- Meta Platforms Q4:+41%
- Amazon Q4: +388%
- Nvidia Q4: +980%
Apple and Google are under recent algo engine buy signals, and we’re now building exposure within the identified value ranges.
Amazon: Trade Table +12.4%
Amazon.com, Inc. – Common is a current holding in the US Trade Table.
Amazon – Earnings
Amazon.com, Inc. – Common is under Algo Engine buy conditions and has been in our US S&P100 model portfolio since Aug 2019. The stock is up 70% after 919 days.
Amazon delivered 9% revenue growth in Q4.
- Earnings per share (adjusted): $5.80 vs $3.57 expected, according to a Refinitiv survey of analysts
- Revenue: $137.4 billion vs $137.6 billion expected, according to a Refinitiv survey of analysts
- AWS revenue: $17.8 billion vs $17.37 billion expected, according to StreetAccount
Amazon guided for first quarter revenue of between $112 billion and $117 billion
Amazon – Buy Signal
Amazon.com, Inc. – Common is under Algo Engine buy conditions and has been in our US S&P100 model portfolio since Aug 2019. The stock is up 84.40% after 761 days.
Last week’s low at $3,175 triggered another buy signal which makes it the third cluster of buy signals since the original switch to buy in 2019.
Amazon – Buy Signal
Amazon is under Algo Engine buy conditions and is a current holding in our US S&P100 model portfolio.
We see price support developing near the $1735 level.
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