Amazon.com, Inc. (AMZN)

Amazon sells anything that you can go from a CVS or Walgreens cheaper and will deliver it on the same or next day. Shares hit a new 52-week high today.

Excellent company with very high margins. Earnings expected to rise. Seeing value even at the current price. AWS, cloud computing & A.I. tech very strong. Very good for long term shareholders. 

Turnaround by new CEO. Expects $50B free cashflow in 2024, could be used to pay down debt and start a dividend. An AI play. One of the top providers of cloud data storage. Improved retail margins. Continuing to win e-commerce market share.

Is taking profits to buy Apple. 

Great CEO. Operational margins are growing at 40% year over year.

He bought more Amazon. The economy will continue to be strong and Amazon will benefit across all fronts: AWS, retail and logistics. Trades at a reasonable 35x with a good growth rate ahead. He expects them to beat earnings estimates. He now owns a big position. The chart looks like it will break out.

Behemoth, not a lot of serious competition. Dominant in e-commerce, digital streaming. #1 in cloud, with 32% market share. Becoming dominant in AI. Digital ad business has very high margins and is scaling very quickly. Very strong balance sheet and cashflow, giving it flexibility. No dividend. 

AI strategies being applied across the board. Technically, clear uptrend. Outpacing broader S&P index. 30% growth rate going forward.

A name you can own as a core holding. Right in the middle of all the current themes. Doesn't mind exposure to the consumer, as there are deals to be found.

Amazon could got a lot higher. Their AWS is dominant, back with a great growth number. Advertising could be great for them.

Q1 was a high bar, easily cleared. AWS profitability accelerated, up 17% YOY. Consistent revenue growth from retail and advertising. FCF margins rising. Management confident it can balance profits now and future investments. One of the premier stocks, yet trades at only 32x 2025, growing at 31%. PEG ratio close to 1. Lots more to go. No dividend.

Overbuilt during pandemic, had to absorb fixed costs, has now grown into the expansion. Making really nice money on e-commerce. AWS has now returned to growth. Growing nicely into its valuation.

It has spent 20 years investing in infrastructure and is now in harvest mode for making profits, It expects to make $45 billion this year and $55 billion next year. It is able to expand its profits because it is growing in web services and advertising, and in fact is the third largest in online advertising. 85% pf spending is on the premises side and 15% on the cloud side. A switch in this ratio will increase revenue greatly. AI could cause even more expansion.

Growth is amazing and will accelerate. They have strength in cloud and data storage, and demand will only rise as companies use AI tools and that demand more cloud. He's happy to keep owning this.

It's a little too expensive. It comes down to valuation. It has a 3% free cash flow yield. (Forward PE is 43x.)

They report after the bell. He doesn't trade into the call. It's a good company with a good offering. Worth owning.