Amazon.com, Inc. (AMZN-Q)

12-month price target of $233. He holds ~5.5-6% position in his fund. Performed extremely well coming out of earnings. Excels because it has so many horses in the race from AWS to Other Bets to the upcoming great season for fulfillments. Don't worry about Bezos selling shares, as he still has a lot left.

They're doing many things right. Their last quarter crushed it. He expects a good Christmas for them. Europe will move them higher.

Buy on a serious pullback. They had 19% growth in AWS as well as ads. They can deliver prescription drugs within a day to half the US. 

Unassailable, ubiquitous, global business. AWS business is less appreciated by consumers, but just as impressive as e-commerce and probably growing faster. Valuation rich, expectations high. Over a long cycle, will probably keep growing. He's chosen other Mag 7 horses.

They report Thursday. There's no sign that retail is improving, and they issued a downbeat forecast. Never count them out, but he doesn't like the risk/reward. Kuiper could hurt the report.

Among next week's tech reports, he's most excited about Amazon, because the doubt on this stock is overdone. This could soar on a good report.

Among next week's tech reports, he's most excited about Amazon, because the doubt on this stock is overdone. This could soar on a good report.

Firing on all cylinders. Will do extremely well, plus will give guidance going into the holiday season. So many horses in the race, big action in robotics. His 12-month price target is $215. Still in his top 5. Can buy here around $186, under $180, and under $170 would be an absolute gift.

It trades cheaper than Apple, but shares are up only 1.9% in the last quarter, so expectations are very low due to worries over profits and higher costs. But AWS and ads will be great when they next report; these are high-margin businesses at 33% and 50%. If shares stay flat, she may add to her holding. Progress may not show up this quarter, though.

There were concerns over weak retail numbers, but AWS some re-acceleration, this profit centre. There's upside to come, though there's a slight concern with Walmart taking market share in retail. Amazon has many levers to pull, like ads.

Parts are great. AWS, for example, is phenomenal and the leader, makes lion's share of the profits. AI is a growth driver for that. All the stuff we see as retail customers doesn't make much $$. Deals on web hosting and data centres are the cash cows. 

Great business, very well run. Would not buy ahead of earnings, wait. A selloff on a miss would be a great opportunity to buy for the long term.

Still likes it. Valuation still pretty decent, under 1x PEG. Gorilla in e-commerce, enjoys scale unlike any other. Shifting to higher-margin segments like advertising and cloud. Consumers might shift down to necessities, so e-commerce margins might be lower over the holiday season. Prime memberships continue to grow. 30-35% earnings growth projections over next few years. Good value.

It's recovered since delivering their bad quarter and then some. He wouldn't sell if it's up. Amazon is spending a lot on many initiatives. Yes, they face headwinds, but Amazon comes back every time (i.e. Amazon's cloud business). The stock seems to be headed lower, but he's confident it will bounce back again.

She bought it around 15x PE, not at 35.43x forward PE (Apple is 31.09x). This wins in so many ways. After gaining so much, the stock is pausing and that's fine. Retail margins and AWS are expanding. Great free cash flow and are investing a lot in AI.

She bought it around 15x PE, not at 35.43x forward PE (Apple is 31.09x). This wins in so many ways. After gaining so much, the stock is pausing and that's fine. Retail margins and AWS are expanding. Great free cash flow and are investing a lot in AI.