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Read MoreHide Full Article is one of the largest online retailers in the world. The company’s first quarter loss was lower than the Zacks Consensus Estimate. While we expect revenue growth and cash flows to remain strong, we believe that ongoing investment in digital content, devices and AWS and uncertain payback period increase execution risks. Management disclosed solid financials of its cloud computing business — Amazon Web Services (AWS). However, aggressive pricing actions continue as Amazon goes all out to attract consumers to its platforms. We expect these factors to generate near-term weakness in results but continue to believe that current investments are supported by a strong balance sheet.

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