Since 1998 Amazon rewarded the shareholders with 77165% gain, one of the most incredible gains of all times. During the same time period, NASDAQ has gained only 1139%, which means Amazon gained almost 68 times. When you take a closer look at Amazon you will notice something has changed in the last 4 months. Amazon the 3rd biggest market cap company in the world after Apple and Microsoft failed to surpassed the September 2nd all times high, although the revenue and earnings growing reasonably! While Nasdaq gained 9.53% Amazon lost 5% which is very unusual for a company gained 68 times the index in the last 23 years! When a company performance getting better and better but fails to reach new highs, it means the longterm outlook for the company has changed a lot..! The main reason could be new online retailers which challenged Amazon by their innovative business models, look at Etsy and Square with 85%, 45% gain in the same time period..! The golden decades of Amazon passed, and buying and holding the shares could not make the share holders like before, invest in the new challengers..!
The main money maker of Amazon is AWS these days. The competition there is Azure and Google Cloud
Penny_Saver
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Been hearing this argument for the past 7 years and been watching my shares appreciate steadily, so good luck shorting this, trust me, you will need a lot of luck
rrkkumar21
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Amazon is not just about retail anymore, they are a big player in Cloud and AI so I am not too worried. The growth will come from their cloud business and AI
Victoryneverend
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Feb-08, AMZN was 3365.
Mar-08, AMZN closed at 2951.
Thank you!!!!
WattaTrade
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@Victoryneverend, come back in may and let me know where this stands, i'm thinking it's going up at least until end of may/june, earnings report Apr 29th is going to be a big one. AMZN has their feet in everything. We shall see.. Bullish for another couple months in my opinion.
ImmortalZ
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Amazon is only going up.. bad move if you vote against it
Moshkelgosha
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@ImmortalZ, any trend is going to change at some point, Amazon’s has changed on September 2nd..! You did not get the concept of the analysis. Statistically it is impossible for Amazon to underperform Nasdaq 4 consecutive months..!
ImmortalZ
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@Moshkelgosha, We can agree to disagree - I think amazon will overproform in many markets including overall. It has alot of tricks up its sleeve including the potential IPO of its EV Company, Rivian, partnered with F.
IMO - AMZN is still FAR undervalued, regardless of its overall market performance
ImmortalZ
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@Moshkelgosha, Thank you by the way for putting this together, obviously AMZN is on a correction, however I still think its valued at 4k, even without besos.
Tuco_Ramirez
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What happened in November 2020 that caused AMZN to dissociate from NDX?