Amazon.com, Inc. (AMZN-Q)

The caller was selling his Oracle and wanted to buy Google or Amazon. He would choose Google as the most attractive on valuation, growth and consistency. Amazon is under some pressure with the anti-trust situation.

One of his 4 (AMZN, META, GOOG, and MSFT) main holdings in the technology space.

Cloud component continues to grow, especially with growth in AI despite all the capex needed on that side. Not everyone is in the cloud yet. Ad business has exploded, growth will continue. Retail business is incredible, the logistics alone is very valuable.

His favourite technical indicator is probably volume-weighted average price, looking at a 3-4 year range. Helps to identify where a lot of people were buying. You can use that as a support level, and sometimes as resistance.

Going back to 2016, he can see that the most average price of this stock is $160, mostly because of where it traded from 2020-2022. On a shorter timeframe, it's done a lot of trading around the $165 level. Right now, he likes to keep it simple and just look at trends. Stock's done well, taken a pause, but broken above so we have new support right where we are right now ~$198.

Good stock to take a position in.

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.