FintechZoom Amazon (AMZN) Stock: In-Depth Analysis

Economic

Summary:

Explore FintechZoom's comprehensive coverage of Amazon (AMZN) stock, featuring real-time data, detailed financial analysis, advanced charting tools, and expert insights to help investors make informed decisions.

The stock market is a dynamic and intricate landscape where timely and accurate information is essential for making sound investment decisions. FintechZoom, a leading fintech platform, offers extensive coverage and detailed analysis of various stocks, including Amazon.com Inc. (AMZN). This article explores FintechZoom's comprehensive analysis of Amazon stock, showcasing the platform's features, insights, and how it assists investors in navigating the complexities of the market.

Amazon.com Inc. (AMZN) Stock: An Overview

Amazon.com Inc., founded by Jeff Bezos in 1994, has grown from an online bookstore to one of the world's largest and most diversified e-commerce and technology companies. Amazon's business model encompasses e-commerce, cloud computing (AWS), digital streaming, and artificial intelligence, among other sectors. Its relentless focus on customer satisfaction, innovation, and strategic acquisitions has cemented its position as a dominant player in the global market.

AMZN Stock Performance

Amazon's stock (AMZN) has been a popular choice among investors, reflecting the company's robust market presence and continuous growth. The stock's performance has been influenced by various factors, including market trends, economic conditions, regulatory changes, and company-specific developments. Despite the challenges faced by the retail and tech industries, Amazon remains a key player, attracting investor interest with its strong business fundamentals and future growth prospects.

Key Factors Influencing AMZN Stock

Financial Performance: Amazon's quarterly earnings reports are crucial for investors. Key metrics such as revenue, net income, AWS growth, and profit margins provide insights into the company's financial health and growth potential.

E-commerce Growth: Amazon's core e-commerce business is a significant revenue driver. Growth in online shopping, particularly during peak seasons like the holiday period, positively impacts the company's revenue and stock performance.

Amazon Web Services (AWS): AWS is a critical component of Amazon's business, contributing significantly to its revenue and profitability. Growth in cloud computing and enterprise adoption of AWS services influence AMZN stock performance.

Economic and Market Conditions: Broader economic trends, including consumer spending, inflation rates, and employment levels, affect Amazon's business and stock performance. Market conditions and consumer preferences also play a crucial role.

Regulatory Environment: Amazon faces regulatory scrutiny related to antitrust issues, data privacy, and labor practices. Changes in regulations and potential legal challenges can influence the company's operations and profitability.

FintechZoom's Comprehensive Coverage of AMZN Stock

FintechZoom has established itself as an invaluable platform for investors seeking detailed information and analysis on AMZN stock. The platform offers a range of features and tools designed to provide investors with a thorough understanding of Amazon's performance and potential.

Key Features of FintechZoom's AMZN Stock Coverage

Real-Time Data and Updates: FintechZoom provides real-time stock quotes, price charts, and news updates for AMZN stock. Investors can stay informed about the latest developments and market movements.

In-Depth Analysis: The platform offers detailed analysis of Amazon's financial performance, including earnings reports, revenue trends, AWS growth, and key financial metrics. Expert insights and commentary help investors interpret the data and make informed decisions.

Technical Indicators and Charting Tools: FintechZoom's advanced charting tools and technical indicators enable investors to analyze AMZN stock trends, identify patterns, and develop trading strategies. Customizable charts and indicators provide a visual representation of market data.

Historical Data and Performance Metrics: Investors can access historical data and performance metrics for AMZN stock, allowing them to track long-term trends and assess the stock's performance over time. This historical perspective is valuable for making strategic investment decisions.

Market Sentiment and News Analysis: FintechZoom aggregates news articles, analyst ratings, and social media sentiment related to AMZN stock. This comprehensive news analysis helps investors gauge market sentiment and understand the factors influencing Amazon's stock price.

The Impact of FastBull on FintechZoom's AMZN Stock Analysis

FastBull, a fintech platform renowned for its real-time market signals and in-depth analysis, enhances FintechZoom's coverage of AMZN stock. By integrating FastBull's expertise and tools, FintechZoom provides investors with even more valuable insights and trading strategies.

FastBull's Contribution to FintechZoom's AMZN Stock Coverage

Real-Time Market Signals: FastBull offers timely market signals based on comprehensive analysis. These signals alert investors to potential trading opportunities and significant market movements related to AMZN stock.

Expert Analysis and Reports: FastBull provides detailed market reports and expert opinions on Amazon's performance, competitive positioning, and future prospects. This analysis helps investors understand the broader context and make informed decisions.

Trading Strategies: FastBull offers various trading strategies tailored to different market conditions. These strategies, based on technical analysis and market trends, can be valuable for investors trading AMZN stock on FintechZoom.

Integration and Synergy

The integration of FastBull's real-time signals and expert analysis with FintechZoom's comprehensive data and tools creates a powerful ecosystem for AMZN stock investors. This synergy enables investors to leverage both platforms' strengths, enhancing their ability to make informed and strategic investment decisions.

Conclusion

Amazon (AMZN) stock remains a compelling investment due to the company's strong market position, consistent financial performance, and growth potential. FintechZoom's detailed coverage of AMZN stock, combined with FastBull's real-time signals and analysis, provides investors with a comprehensive toolkit for navigating the complexities of the stock market.

By offering real-time data, in-depth analysis, advanced charting tools, and expert insights, FintechZoom empowers investors to stay informed and make data-driven decisions. The addition of FastBull's market signals and trading strategies further enhances this capability, creating a robust platform for AMZN stock investors.

As the financial markets continue to evolve, the collaboration between FintechZoom and FastBull exemplifies the potential of fintech platforms to revolutionize stock trading and investment. With these tools at their disposal, investors are better equipped to navigate market fluctuations, capitalize on opportunities, and achieve their financial goals.

To stay updated on all economic events of today, please check out our Economic calendar

Risk Warnings and Disclaimers

You understand and acknowledge that there is a high degree of risk involved in trading. Following any strategies or investment methods may lead to potential losses. The content on the site is provided by our contributors and analysts for information purposes only. You are solely responsible for determining whether any trading assets, securities, strategy, or any other product is suitable for investing based on your own investment objectives and financial situation.

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Warren Takunda

Economic

Central Bank

The Bank of England is cutting it fine, but is fine cutting rates. With headline inflation at the 2% target, the central bank could on Thursday reasonably lower borrowing costs for the first time in four and a half years. Governor Andrew Bailey may yet decide to hold off due to high services inflation, rising wages and strong growth. A look into the future suggests those factors are not scary enough to stay his hand.

The market is struggling to guess what the BoE will do this week. Traders’ bets are split 60% to 40% between a rate cut and a hold, according to derivatives prices collected by LSEG. With benchmark rates at a 16-year peak of 5.25% and inflation back at 2%, those odds look, well, odd. Three key numbers can help explain the knife-edge nature of the decision – but also why holding rates would be the wrong choice.

The first number is 5.7% – the annual rate of services inflation recorded in June. Such a fast pace is worrying, from Bailey’s perspective, because services make up nearly 60% of the consumer price index and put upward pressure on overall inflation. But that’s unlikely to last because June’s number was distorted by a one-off spike in hotel prices. They rose nearly 9% from the previous month, perhaps because of increased demand due to Taylor Swift’s UK concerts.

The second key number is also 5.7%. This one represents the annual growth in wages, excluding bonuses, in the three months to May. Such pace is almost double what policymakers regard as consistent with 2% inflation. But here, too, the trend is the BoE’s friend. The UK labour market is weakening. At 4.4%, the unemployment rate is the highest since September 2021 and very close to the 4.5% the BoE considers a non-inflationary level. Moreover, the number of vacant positions decreased again in the three months to June, the 24th consecutive quarterly fall, and is now almost back at pre-pandemic levels.

UK Ratesetters Can Stop Worrying and Start Cutting_1

UK job vacancies have fallen sharply

The third number is 0.4%. That’s the month-on-month expansion in GDP for May – a big rebound from April’s zero growth. Bailey may worry that an economic pickup will reignite inflationary pressures. But there is little evidence of that. When the BoE polled more than 2,200 finance directors at UK-based firms in June, it found they expected inflation, employment growth and wage increases to fall in the next 12 months – hardly the sign of an overheating economy.

To be sure, Bailey and his colleagues could probably wait until September to lower borrowing costs without causing economic conniptions. But given that rates have been this high for a year and Bailey’s bugbears are likely to disappear soon, it makes more sense to give households and companies a breather.

Source: Reuters

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FastBull Featured

Data Interpretation

On July 31, local time, the Australia Bureau of Statistics released CPI indicators:

The CPI increased by 3.8% YoY in June, compared with the expected 3.8% and the previous month's 4%.

The CPI rose 0.4% MoM in June, compared with the previous reading of 0.2%.

The CPI increased 1% QoQ in the second quarter, compared with the expected 1% and the previous reading of 1%.

The CPI CPI increased 3.8% YoY in the second quarter, compared with the expected 3.8% and the previous value of 3.6%.

According to the data, the CPI rose 3.8% YoY in June, down from a 4.0% rise in May. The annual rate of CPI rose to 3.8% in the second quarter from 3.6%, which is the first increase since December 2022. Specifically, the most significant price rises were seen in housing, as well as food and non-alcoholic beverages.

In the monthly CPI, rental prices increased 7.1% in the 12 months to June, which was affected by a tight rental market and low vacancy rates. Although the reading is down from the 7.4% increase in May, it is still high. In addition, the annual rise in New dwelling prices was 5.4%, up from 4.9% in May, maintaining the trend of annual price growth of around 5% since August 2023. This reflects builders passing higher costs for labor and materials onto consumers.

Food and non-alcoholic beverage prices rose 3.3%. Prices of related food products, as well as fruits and vegetables, increased significantly. The main drivers were higher prices for strawberries, grapes, capsicums, and broccoli due to unfavorable growing conditions.

It should be noted that holiday travel and accommodation prices rose 7.0% MoM in June. The main contributor to the rise was an increase in demand for holiday travel to Europe at the start of their peak tourist season. Increasing domestic holiday travel reflects high demand for accommodation over the June long weekend.

The CPI data will boost the confidence of Reserve Bank of Australia (RBA) policymakers and support the RBA's view that prices will gradually fall. At the moment, the market has pared back bets on a rate hike at next week's meeting. Further attention needs to be paid to the RBA's rate cuts between December and February next year. A 50% chance of a rate cut in December is expected.

Australia CPI for June

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Warren Takunda

Economic

Stocks

Hong Kong Stocks rose over 2% on Wednesday after the key politburo meeting came out with some positive stimulus to boost investor's hope for a revival of demand and market reforms.

The meeting marked the first mention of counter-cyclic adjustments since July 2023, all to boost consumption, as the country's leaders emphasized.

The appointment of Li Ming, a law enforcement veteran, as the new vice chairman of the China Securities Regulatory Commission adds to the government's momentum towards a reviving economy.

The Hang Seng Index rose by 2.01%, or 341.69 points, to close Wednesday's session at 17,344.60. The Hang Seng China Enterprises Index rose by 2.01%, or 120.47 points, to close at 6,107.16.

According to data from the National Bureau of Statistics released Wednesday, China's manufacturing purchasing manager's index contracted for the third straight month in July, sliding marginally to 49.4% from 49.5% in June.

The China Composite PMI, which combines activities in the manufacturing and non-manufacturing sectors, declined 0.3 percentage points to 50.2%, indicating the fourth consecutive month of decline in China's business sector.

In corporate news, Black Sesame International Holding (HKG:2533) launched its initial public offering in Hong Kong seeking to raise as much as HK$1.12 billion. The SoC-based intelligent vehicle solution provider is offering 37,000,000 shares at HK$28.0 to HK$30.30 apiece. The issuer expects to determine its offer price on Aug. 6 and disclose the allocations on Aug. 7. It will then start trading on the Hong Kong bourse on Aug. 8.

Chinese autonomous driving technology company WeRide filed for an initial public offering in the US, according to a prospectus on the US Securities and Exchange Commission. The number of shares to be offered and their price were not disclosed in the July 26 filing.

Huaneng Power International's attributable profit rose to 7.77 billion yuan in the first half from 6.49 billion yuan in the year-ago period. Earnings per share at the power producer increased to 0.40 yuan from 0.32 yuan in the previous year. The company's shares were down nearly 6% on Wednesday's close.

EC Healthcare recorded a loss attributable to shareholders of HK$18.9 million for the year ended March 31, against a profit of HK$69.7 million in the previous year. Loss per share was HK$0.016, reversing earnings per share of HK$0.059 a year ago. The company's shares rose by 5% on Wednesday's close.

Source: MTNewswires

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Kevin Du

Energy

U.S. electricity generators consumed a record amount of gas in the first four months of the year as prices slumped to the lowest level in real terms for more than half a century.

Ultra-low prices encouraged more power production from some of the least-efficient single-cycle gas and steam turbines at the expense of coal.

But record combustion by generators made little impact on swollen gas inventories amid continued growth in gas production and sluggish exports.

Generators produced a record 1,334 billion kilowatt-hours (kWh) between January and April, according to the latest data from the U.S. Energy Information Administration.

Generation was up by 47 billion kWh (4%) compared with the same period a year earlier and by about the same compared with the prior 10-year average.

Two-thirds of the extra output came from gas-fired units (30 billion kWh) with most of the rest from solar farms (13 billion kWh).

As a result, generators boosted their gas consumption by 213 billion cubic feet (6%) compared with a year earlier to a record 3,941 bcf.

Bloated Stocks

Despite record power burn, gas stocks remained abnormally high, with inventories 671 bcf (+36% or +1.46 standard deviations) above the prior 10-year seasonal average at the end of April.

The surplus had swelled from 261 bcf (+14% or +0.58 standard deviations) a year previously thanks to a mild winter in 2023/24.

By April, the actual cost of gas received by electricity generators had slumped to an average of just $2.05 per million British thermal units.

After adjusting for inflation, power generators' gas acquisition costs had fallen to the lowest level on record in data going back to 1973.

Maximising Runs

Exceptionally cheap fuel encouraged gas-fired generators to run their units for more hours, including the least-efficient, most fuel-hungry plants that normally operate mostly during the summer and winter peak periods.

Single-cycle gas turbines and gas-fuelled steam generators are much less efficient than combined-cycle units and usually operate only in peak periods of electricity demand.

With fuel so cheap, however, gas turbines operated with a record seasonal capacity factor of more than 14% in April 2024 up from 12% in April 2023 and 10% in April 2022.

Gas-fired steam turbines generated more than 15% of their maximum theoretical output, up from 13% in 2023 and 10% in 2022, and the highest for more than a decade.

Persistent Surplus

Record gas-fired generation has helped prevent surplus inventories swelling even further but has not yet reduced bloated stocks to more normal levels.

Recurrent problems with the operation of the Freeport LNG export terminal have also delayed the normalisation of stocks.

Gas generation spiked to an all-time record early in July 2024, owing to high temperatures across much of the Lower 48 states, slow wind speeds, and the impact of low gas prices themselves.

Even so, inventories were still the second-highest on record for the time of year on July 19 and 479 bcf (+17% or +1.35 standard deviations) above the prior ten-year seasonal average.

After bouncing a little in May and June, futures prices have slumped in July towards the trough earlier this year, returning near to multi-decade lows in real terms.

Such extraordinarily low prices are sending the strongest possible signal to gas producers on the need to cut drilling and output even further after an initial round of cuts announced in February.

They are also sending a signal to generators to offer their units to the grid as much as possible, with gas generation records likely to be smashed this summer.

Prices will remain lower for longer until the inventories start to converge with the long-term seasonal average, most likely by the end of winter 2024/25.

Source: Yahoo

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Thomas

Economic

President Xi Jinping's government is facing growing pressure to address China's consumer spending downswing, as it becomes one of the biggest threats to global economic growth.

A key gauge of Chinese services activity that covers the retail industry was on the brink of contraction for the first time since last year in data released Wednesday. That was part of a disappointing snapshot of the economy offered in purchasing manager indexes for July, which revealed stubborn deflationary pressure even outside industries such as manufacturing.

With consumption contributing less than half of growth to China's US$17 trillion (RM78.31 trillion) economy in the second quarter for the first time since late 2022, the prospect of a prolonged slump is resonating worldwide. The domestic spending gloom has already stung global brands from US coffee chain operator Starbucks Corp and French beauty giant L'Oréal SA to Japan's Fast Retailing Co, sending sales diving and weighing on stock valuations.

"Consumers pay more attention to price than quality amid a dimmed outlook for incomes," said Zhaopeng Xing, a senior China strategist at ANZ Bank China Co Ltd, noting that trend has led to raging price wars. "The authorities have not given a clear path to add to household incomes." China's Consumer Woes Mount as Weak Spending Slams Global Brands_1

China's Consumer Woes Mount as Weak Spending Slams Global Brands_1

The urgency is percolating through the highest echelons of Chinese politics. Top leaders at a meeting of China's decision-making Politburo vowed Tuesday to make boosting consumer spending a greater focus of policy for the rest of the year.

Investors are sceptical, citing a lack of detailed, forceful plans from Beijing. For now, manufacturing and exports remain crucial pillars of China's economic recovery — even after triggering complaints from Beijing's biggest trade partners such as the US and European Union over the country's industrial overcapacity.

A housing slump that's persisted for years is pinching household budgets and undermining confidence, prompting many Chinese to tighten their purse strings. JPMorgan Chase & Co estimates that China's urban middle class has around 60% of their wealth tied to real estate.

The consumer blues have left global brands grappling with sluggish demand and competition from established Chinese names that sell similar products for less.

Thriftier habits are also taking a toll on the profits, share prices and even jobs of companies that for years relied on once-flush Chinese shoppers to boost their bottom line.

"As consumers become sophisticated and more cautious on spending, the origin of brands might turn less critical in driving the business growth," said Bloomberg Intelligence analyst Angela HanLee.

China's Consumer Woes Mount as Weak Spending Slams Global Brands_2

The frugality of Chinese households has forced some international companies to refine their local strategies.

Starbucks, which reported Wednesday faster-than-expected same-store sales decline in China, is seeking a local partner to help win back customers. That's after spending US$1.3 billion to buy back its domestic stores from partners President Chain Store Corp and Uni-President Enterprises Corp in 2017.

Meanwhile, its top Chinese competitor, Luckin Coffee Inc, performed better than expected, luring consumers who might have once flocked to Starbucks's pricier lattes but now seek a cheaper homegrown alternative.

Starbucks isn't the only one left in the lurch. French beauty-products giant L'Oréal posted a 2.4% sales drop for the second quarter in North Asia, which includes China. That was the fourth straight quarter of falling sales in the region, which accounts for about a quarter of L'Oréal's revenue.

Nicolas Hieronimus, the brand's chief executive officer, called the beauty market in mainland China "depressed".

McDonald's Corp reported same-store sales decline in the second quarter in China. The burger chain's CEO, Chris Kempczinski, pointed out in a call with analysts that China is a very competitive environment right now and the consumers there are "very, very much deal-seeking".

The Politburo's pledges to roll out more consumption policies sent Chinese consumer stocks soaring in Wednesday morning trading. Yet many investors were still unconvinced whether those promises would translate into concrete measures.

"The wealth effect is under pressure in China," said Nelson Yan, co-chief investment officer at Fosun Wealth International in Hong Kong. "Consumer downgrading is still around."

Source: Bloomberg

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Warren Takunda

Cryptocurrency

Bitcoin traders expect an upward movement for Bitcoin’s price in September but have held back on whether it will hit the long-awaited six-figure mark by the end of 2024.

“Bitcoin is still on track for a September breakout,” pseudonymous crypto trader Rekt Capital told their 483,800 X followers on July 30.

Rekt explained that while Bitcoin failed to break out of the reaccumulation range — the period where buyers accumulate in anticipation of more upward price movement — in the 100 days following the Bitcoin halving in April, such a breakout was “always going to be unlikely.”

On July 29, 100 days after the April halving, Bitcoin traded only 2.11% higher at $66,343, according to CoinMarketCap data. It’s now slightly below that at $66,283 at the time of publication. Bitcoiners Tip ‘September Breakout’ but Cast Doubt on Near-Term $100K_1

Bitcoiners Tip ‘September Breakout’ but Cast Doubt on Near-Term $100K_1

Bitcoin is up 4.18% over the past 30 days. Source: CoinMarketCap

$100,000 Bitcoin in 2025 more likely

Several traders believe Bitcoin will more likely breach the $100,000 mark in 2025 rather than in 2024, as some predicted.

“The higher timeframe Bitcoin chart does look great to me,” pseudonymous crypto trader Daan Crypto Trades told Cointelegraph.

He echoed a similar view to crypto research firm Reflexivity Research founder Will Clemente, who commented that the “Bitcoin quarterly chart is looking insane” in a July 30 X post.

“I think six figures this year might be a bit early, but I am pretty confident that we’ll see it somewhere in 2025,” Daan Crypto Trades added, citing positive macroeconomics.

“We topped out at 69K last cycle and 100K would only be a 1.5x from that previous all time high. If we account for inflation during that time it’s even less so I think $100K is a perfectly reasonable target considering where the world and the crypto space is right now.”

In the short term, Daan Crypto Trades said he is eyeing the $70,000 to $74,000 range, “which has seen a lot of rejections over the past couple of months.”

“I suspect we will see rapid expansion higher once BTC can break above that price range,” he added.

Quantum Economics founder Mati Greenspan explained to Cointelegraph that the chart shows a clear range between $55,000 and $73,000, which has “been playing out since March.”

“At the moment, it is testing the upper bounds of that range,” Greenspan said.

Similar to the wider crypto community, Greenspan believes that former United States President Donald Trump’s recent Bitcoin push will only help Bitcoin’s price break out of extended consolidation.

“It seems that my prediction at the start of the year that this cycle would be driven by nation-state FOMO is now coming to pass,” Greenspan said.