Why Amazon stock is still a bull’s favorite скачать в хорошем качестве

Why Amazon stock is still a bull’s favorite

Amazon (AMZN) is one of the "Magnificent 7" components managing to cling to gains this year, eclipsed only by Meta (META). The rest of the closely followed group is down, led by a plunge in Tesla (TSLA). The gains on Amazon are interesting given how much it plans to spend on capex this year. Similar to Microsoft (MSFT) and Meta this earnings season, Amazon recently uncorked a whopper of a capital spending guide. It sees $104 billion in capital expenditures this year, well above analyst forecasts of $80 billion to $85 billion going into its earnings reports. The Street has opted to stay bullish on Amazon after its results and surprising guidance for two reasons. Most analysts have pointed to a sales reacceleration in the key Amazon Web Services (AWS) cloud business later this year amid the company's aggressive spending. And two, the company is driving a good bit of efficiency out of its bread-and-butter retail network. But can the bullishness on Amazon be sustained? Yahoo Finance Executive Editor Brian Sozzi sits down on the Opening Bid podcast with Morgan Stanley managing director Brian Nowak. Nowak has an Overweight rating on Amazon’s stock. Part of Nowak’s call reflects what Amazon is working on with robots, an element of the investment thesis not often discussed. For full episodes of Opening Bid, listen on your favorite podcast platform or watch on our website. #Amazon #youtube #stocks About Yahoo Finance: Yahoo Finance provides free stock ticker data, up-to-date news, portfolio management resources, comprehensive market data, advanced tools, and more information to help you manage your financial life. Get the latest news and data at finance.yahoo.com Download the Yahoo Finance app on Apple (https://apple.co/3Rten0R) or Android (https://bit.ly/3t8UnXO) Follow Yahoo Finance on social: X:   / yahoofinance   Instagram: https://www.instagram.com/yahoofinanc... TikTok: https://www.tiktok.com/@yahoofinance?... Facebook:   / yahoofinance   LinkedIn:   / yahoo-finance