Amazon.com, Inc. (AMZN)

Goes through cyclical episodes of 4-5 years where it's dead money. A more mature company, not the rip-roaring growth of years past. Tighter range of expectations, but that's not a bad thing.

Constructive, a buy today. Long-term investment. More durable and higher growth than COST and WMT. Best of the big 3 retailers. E-commerce retail has a lot of legs. In a great position to fight off competition in so many ways from the likes of, say, SHOP.

Is second only to Meta in momentum among the Mag 7. Is primed to play catch up to the rest of the Mag 7 after underperforming them over the last 3-4 years.

AWS has real growth potential. Ad revenue up ~20%, AWS and cloud services up ~19% last quarter. Prime subscription prices increased again. Firing on all cylinders. Capital expenditures on employees is a long-term positive, you want to invest in your workers. No dividend.

Still likes it. Still undisputed leader in e-commerce and enjoys that scale like no other online retailer. High-margin ad segment continues to drive revenue. AWS cloud segment continues to grow. Prime membership continues strong. Chart couldn't be better with higher highs and lows, 200-day MA trending higher, and stock price above that.

Will be dominant for a long time. Got stopped out of this one. It's in the Mag 7 cohort, challenges of over-ownership that need to be worked off. Not one of the top RSI names. Great business, he'll watch for better spots.

His 3 big holdings are DOL, WMT and COST.

On April 29, 2022, Amazon lost $206 billion in market cap and has since rallied 39%, beating the S&P's 33%.

Excellent business, and would recommend investing - even today. Very strong tech in A.I., eCommerce and web services. Strong management team with excellent brand value. Fulfillment centers are starting to turn profitable. Expecting higher earnings going forward. Would recommend holding for the long term. 

Many hated their recent quarter, fearing a tapped-out consumer, but an analyst today said there was hope for same-day consumable sales.

Their sell-off after earnings made no sense. Shares are already up a lot. He believes in this long-term.

Added on the recent pull-back. So many ways to win here: cloud, retail. Loves it.

He owns a lot of this. Global leader. Retail business margin is 3%. Margin of its new businesses is 70-80%. Rising profitability over time.

All the retail stuff doesn't really make much money. It's all about AWS, the crown jewel; massively profitable, growing like crazy. Valuation north of 30x; enter on a dip.

They delivered an imperfect quarter, sure, but he believes them when they say that the consumer is holding back because of this wild political situation and the Olympics. He trusts them and their reasoning.

They just reported a bad quarter with lousy guidance and shares are sliding today. It's a recent position, but he won't panic. If we enter a recession, Amazon will gain market share in everything it is doing. He would buy this today, a great entry point. 

Under the new CEO, their operating margins have been growing like crazy. AWS margins are 35% and this has been re-accelerating. E-commerce and ad business and topline all had slight misses. But EPS growth is still trending higher. This is a buying opportunity.