The Long Investor

$AMZN TOP 20

Added 2023-10-27 10:58:32 +0000 UTC

$AMZN really delivered for us last night with a stellar earnings beat. EPS increased by 60% and what I was most impressed about was their increase in net profit margins to 7.8%.

In March before I started buying $AMZN, their margins concerned me but having dug deeper into their fundamentals, it was clear that they were using their revenue to expand, at the expense of profits (why pay tax on profits when you can use that money to expand?) and this was the main reason why I started buying $AMZN....$AMZN still has plenty of growth ahead of it, with only 33% of global ecommerce right now and expanding their TAM to pharmacies and global Wifi to challenge Starlink.

Do I believe that $AMZN could challenge $AAPL as the largest company in terms of Market Cap? I believe so.

$AMZN is already started to eat into $MSFT cloud market share and $GOOG.

Yes I am bullish on $AMZN this morning. We need to remember that we are long term and buying in times of utter despair is when we buy.

I have added indicators above to $AMZN's last 2 rallies after reporting a strong earning beat, their reaction in May was particularly good as $AMZN entered Subwave 3 of Wave 3, so a 35% climb would be normal here but still very impressive.

$AMZN was down significantly yesterday before their earnings and we questioned whether the market was looking for maximum value before the report....it turns out they were and $AMZN is now up 6.5%, erasing almost half of all its losses in October so far.

Wave 5 remains at $175 towards the end of the year.