Shares of Amazon (AMZN - Free Report) have slipped 6% in the past six months, as Wall Street pulls back from the e-commerce powerhouse over profit concerns. Meanwhile, the S&P 500 has climbed 9%, driven by giants like Apple (AAPL - Free Report) , Alphabet (GOOGL - Free Report) , and Microsoft (MSFT - Free Report) .
Amazon made headlines earlier this week after the company accused President Trump of putting “improper pressure” on the Pentagon to assure that the Amazon wouldn’t land the Joint Enterprise Defense Infrastructure contract, worth $10 billion over the next decade. The JEDI contract instead went to Amazon’s clouding computing rival Microsoft.
But this is unlikely to have any real impact on the company that is projected to pull in $280 billion in revenue in 2019. Therefore, the real issue seems to be Amazon’s earnings, which fell during the third quarter.
The question now is when will investors reward Amazon for investing in its one-day Prime shipping to fight off the likes of Target (TGT - Free Report) and Walmart (WMT - Free Report) . On top of e-commerce and Prime memberships, Amazon aims to better challenge Netflix (NFLX - Free Report) and Disney (DIS - Free Report) in the streaming TV era, and much more.
Amazon stock is currently trading roughly 15% below its 52-week highs and comes in below both its 50 and 200-day moving averages. With this in mind, might Wall Street and investors start to think about buying Amazon based on its long-term growth outlook?
Biggest Tech Breakthrough in a GenerationBe among the early investors in the new type of device that experts say could impact society as much as the discovery of electricity. Current technology will soon be outdated and replaced by these new devices. In the process, it’s expected to create 22 million jobs and generate $12.3 trillion in activity.
A select few stocks could skyrocket the most as rollout accelerates for this new tech. Early investors could see gains similar to buying Microsoft in the 1990s. Zacks’ just-released special report reveals 8 stocks to watch. The report is only available for a limited time.
See 8 breakthrough stocks now>>
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
Shares of Amazon (AMZN - Free Report) have slipped 6% in the past six months, as Wall Street pulls back from the e-commerce powerhouse over profit concerns. Meanwhile, the S&P 500 has climbed 9%, driven by giants like Apple (AAPL - Free Report) , Alphabet (GOOGL - Free Report) , and Microsoft (MSFT - Free Report) .
Amazon made headlines earlier this week after the company accused President Trump of putting “improper pressure” on the Pentagon to assure that the Amazon wouldn’t land the Joint Enterprise Defense Infrastructure contract, worth $10 billion over the next decade. The JEDI contract instead went to Amazon’s clouding computing rival Microsoft.
But this is unlikely to have any real impact on the company that is projected to pull in $280 billion in revenue in 2019. Therefore, the real issue seems to be Amazon’s earnings, which fell during the third quarter.
The question now is when will investors reward Amazon for investing in its one-day Prime shipping to fight off the likes of Target (TGT - Free Report) and Walmart (WMT - Free Report) . On top of e-commerce and Prime memberships, Amazon aims to better challenge Netflix (NFLX - Free Report) and Disney (DIS - Free Report) in the streaming TV era, and much more.
Amazon stock is currently trading roughly 15% below its 52-week highs and comes in below both its 50 and 200-day moving averages. With this in mind, might Wall Street and investors start to think about buying Amazon based on its long-term growth outlook?
Biggest Tech Breakthrough in a GenerationBe among the early investors in the new type of device that experts say could impact society as much as the discovery of electricity. Current technology will soon be outdated and replaced by these new devices. In the process, it’s expected to create 22 million jobs and generate $12.3 trillion in activity.
A select few stocks could skyrocket the most as rollout accelerates for this new tech. Early investors could see gains similar to buying Microsoft in the 1990s. Zacks’ just-released special report reveals 8 stocks to watch. The report is only available for a limited time.
See 8 breakthrough stocks now>>
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
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