28-Mar-2024
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Analysts Offer Insights on Consumer Cyclical Companies: PUMA SE NPV (OtherPMMAF) and Amazon (AMZN)
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AMZN Bullish Calendar Call Spread with 413% Upside
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Benzinga (Thu, 28-Mar 8:35 AM ET)
Amazon is a leading online retailer and one of the highest-grossing e-commerce aggregators, with $386 billion in net sales and approximately $578 billion in estimated physical/digital online gross merchandise volume in 2021. Retail-related revenue represents approximately 80% of the total, followed by Amazon Web Services' cloud computing, storage, database, and other offerings (10%-15%), advertising services (5%), and other. International segments constitute 25%-30% of Amazon's non-AWS sales, led by Germany, the United Kingdom, and Japan.
Amazon.com trades on the NASDAQ stock market under the symbol AMZN.
As of March 28, 2024, AMZN stock price climbed to $180.38 with 31,483,552 million shares trading.
AMZN has a beta of 1.11, meaning it tends to be more sensitive to market movements. AMZN has a correlation of 0.34 to the broad based SPY ETF.
AMZN has a market cap of $1.86 trillion. This is considered a Mega Cap stock.
Last quarter Amazon.com reported $170 billion in Revenue and $1.00 earnings per share. This beat revenue expectation by $17 billion and exceeded earnings estimates by $.26.
In the last 3 years, AMZN stock traded as high as $188.65 and as low as $81.43.
The top ETF exchange traded funds that AMZN belongs to (by Net Assets): VTI, VOO, SPY, IVV, VUG.
AMZN has outperformed the market in the last year with a price return of +84.0% while the SPY ETF gained +33.6%. AMZN has also outperformed the stock market ETF in the last 3 month and 2 week periods returning +17.6% and +2.2%, respectively, while the SPY returned +10.1% and +1.7%, respectively.
AMZN support price is $177.60 and resistance is $182.06 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that AMZN stock will trade within this expected range on the day.