Consumer Discretionary

Amazon, Inc. (NASDAQ: AMZN) revenue of $149.2 b in 2022 Q4, YoY+8.58%

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Amazon.com, Inc. (NASDAQ: AMZN) Stock price trend forecast and trading range: Updated to: 2023.2.3 (Note: The upper red line in the picture is the resistance, and the lower red line is the support) Analysis from stock chart —————————————————————- Short-term trend: bullish Sell high and buy low of range : $100 – $115 Support: $100 resistance: $115 Stop Loss Price: $100 price target: $115 Buy the position again: stop fall and rise to $100 Mid-line trend: bullish High sell low buy range: $95 – $115 Support: $95 resistance: $115 Stop Loss price: $95 price target: $115 Buy the position again: stop fall and rise to $95 Long-term trend: bullish High sell low buy of range: $80 – $120 Support : $80 resistance: $120 Stop Loss price: none price target : $120 Buy the position again: stop fall and rise to $80 From Analysis from financial statements: Revenue for the fourth quarter […]

Amazon, Inc. (NASDAQ: AMZN) revenue of $149.2 b in 2022 Q4, YoY+8.58% Read Post »

Amazon suspended fresh food services and unmanned convenience store expansion

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Amazon CEO Andy Jassy said on an earnings call on February 2 local time that the company has suspended the expansion of Amazon Fresh and unmanned convenience stores. Before it can embark on a massive expansion, he said, Amazon needs a unique form of store and keep its finances in good shape. “Retail is a tough industry.” Jassy said, “The process of expanding Amazon’s fresh service is flushing money down the toilet. But he added that the future of grocery supermarkets is omnichannel where online and offline coexist.

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The United States revised its definition of car classification, and companies such as Tesla and Ford profited from it

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On Friday, local time, the U.S. Treasury Department said that after revising the definition of car classification, it will make more Tesla, Ford Motors, General Motors and Volkswagen electric vehicles eligible for tax credits of up to $7,500. Under the $430 billion climate bill approved last August, SUVs can cost up to $80,000 to qualify for the EV tax credit, while cars, sedans and vans can only cost up to $55,000. The Treasury Department’s statement allows automakers to consider crossover SUVs eligible for credit. The decision raised the retail price cap for GM’s Cadillac Lyriq, Tesla’s five-seater Model Y, Volkswagen ID.4, Ford Mustang Mach-E and Escape plug-in hybrid from $55,000 to $80,000.

The United States revised its definition of car classification, and companies such as Tesla and Ford profited from it Read Post »

UBS: Amazon (NASDAQ:AMZN) price target raised to $127 Retail business is stronger than expected

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UBS analyst Lloyd Walmsley raised its price target on Amazon (NASDAQ:AMZN) to $127 from $118, maintaining a “buy” rating. The analyst said Amazon’s fourth-quarter results were mixed, with retail stronger than expected and AWS weaker. Walmsley believes Amazon’s recent stock price will struggle to rise until AWS shows more signs of stabilization.

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Morgan Stanley: Raised Amazon (NASDAQ:AMZN) price target to $150 with an overweight rating

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According to a research report published by Morgan Stanley, Amazon (NASDAQ:AMZN) showed a significant improvement in the profitability of the company’s retail business in the fourth quarter of last year, which made the bank more confident in future scale-driven efficiency and profit improvement, and raised its retail EBIT forecast by $8 billion this year. Damo pointed out that although its AWS business is facing near-term macro uncertainty, it will cut its AWS revenue forecast for this year and next by 6%, but believes that the impact is only temporary, emphasizing that it is still optimistic about the long-term development of the business, and the target price is raised to $150. The bank also raised its overall EBIT forecasts for this year and next by 28% and 19%, rating it overweight.

Morgan Stanley: Raised Amazon (NASDAQ:AMZN) price target to $150 with an overweight rating Read Post »

Goldman Sachs: Raised General Motors (NYSE:GM) EPS forecast to raise its price target to $46

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Goldman Sachs reported that General Motors (NYSE:GM) revenue and earnings per share in the fourth quarter of last year were $43.1 billion and $2.12, respectively, better than the market’s original expectations of $40 billion and $1.69, respectively. The company’s adjusted EBIT of US$3.8 billion last quarter was also better than market expectations of $3.2 billion. The company’s guidance for EBIT for this year is $10.5 billion to $12.5 billion, with earnings per share ranging from $6 to $7, higher than market and the bank’s expectations. The bank pointed out that GM’s results increased sharply in the fourth quarter of last year, and believes that a number of factors contributed to this year’s EBIT guidance better than expected, including net price and cost savings. Goldman Sachs raised GM’s earnings per share forecast from $5.15, $6 and $7.25 from $5.15, $6 and $7.25 to $6.25, $6.5 and $7.55, respectively. The bank raised

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