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Supportive Fundamentals
The rollout of Amazon Grocery with 1,000 private-label products targets cost-conscious customers.
Collaboration with the NBA enhances AWS's presence in sports, promising new AI features for analytics.
Strong consumer discretionary sector performance supports predicted strong Q4 sales with Amazon leading.
Wells Fargo upgraded Amazon to 'Overweight', reflecting growing confidence in future performance.
Points of Caution
Ongoing regulatory scrutiny culminated in a $2.5 billion settlement over Prime subscription practices, which may dampen consumer trust.
AWS faces increased competition and criticism for slow product rollouts, risking market share.
Stock has demonstrated volatility, trading flat compared to the overall market uptick.
Analysts have issued mixed ratings, highlighting potential caution despite recent upgrades.
Impacting Factors
Earnings from Q2 exceeded estimates indicating resilience.
Analyst upgrades signal renewed optimism post-negative sentiment stemming from regulatory challenges.
The upcoming Prime Big Deal Days are expected to boost holiday season sales, enhancing trader sentiment.
Technical Trend
Technical Rating : Strong Sell
Stop Loss : 5%
Profit Potential : 15%
Target Price : $180.00 - $220.00
Strategy Spotlight - (HA Scalping)
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