Amazon.com, Inc. (AMZN)

It's too cheap now, but far more stable than peers like Alphabet and Apple. It's steady. He believes in it.

Over investment in warehousing starting to recede.
Growing into storage space.
AWS business growing strongly.
Good for long term investor.
Strong franchise.
Excellent management team.

Powerhouse in e-commerce, cloud services, digital streaming, and AI. Expansion into healthcare and logistics unlocks substantial growth and diversifies revenue streams. AWS is scaling quickly, now commanding about 1/3 of market share. High-margin ads should enhance profitability. Amazon Prime customer loyalty. Sees 25%+ EPS growth rate. Breaking out to new highs after a tough year last year. No dividend.

They had to scale up aggressively during Covid, then had to back off and re-structure costs.  E-commerce will continue to grow. The advertising business on the cloud side is skyrocketing which helps them since they know what people are buying.

Poised to have double-digit revenue growth each year for the next 3 years. Jeff Bezos stepping away has been a positive. Purchases like that of Whole Foods likely in the past. Focused on where they can leverage their scale, and it will finally become more of an earnings stock.

Just bought it. Is down 25% from its high, so the PE is reasonable at 40x now. It's a compounder, and AWS's growth was 12% vs. 11% in the prior. They have easy comps. Margins are strong. Retail is accelerating after fixing supply chain problems and lowering operational expenses. Upside is coming.

Annualized returns over 3 years is -6%, or -18%/3 years. They've grown revenue 22% annually, though. Good to buy now.

She owns it in the CDR version. She sees continued pressure on the USD, so she wanted to take that hedge bet. Has done well YTD, so she just took some profits off the table.

It's oversold, and Amazon's retail side has been crushing it. He just added to his holding. Also, Amazon doesn't have to suffer theft as the brick-and-mortars do.

He bought it on weakness last year, but got out of it. Can't dispute their dominance over retail and quick delivery to home. The short-term risk is in AWS, which has been a great grower, but growth is slowing because they face competition from Microsoft and Alphabet. AWS has driven Amazon's growth (retail doesn't). It's too big to ignore, but it's a trade.

AI is unlikely to be winner take all. AWS is a wonderful franchise, the leader in cloud, backed by an enormous company. Much of stock's move from $80s to $130 based on expectation that its cloud and AI will be a winner.

(A Top Pick Nov 04/23, Up 51%)

Will continue to hold shares - expecting further share performance.
Company starting to turn the corner on profitability.
Realizing efficiencies in retail market.
Acceleration in AWS performance. 
Advertising business also growing.

Great quarterly results. Good news on retail and AWS. Profits starting to come in and investors are rewarding that. Doing all the right things. AWS is participating in the AI glamour. Strong fundamentals. Management doing well.

You could enter this at $135. The next level would be $120.

Shares are popping 11% on a strong beat. He's happy to hold and not add more. Amazon's PE has never been attractive and certainly is not now. He was concerned about their cloud business, but it's fine. He's less concerned with their retail business. The bar was set pretty low, and shares are still far off its highs.