Amazon.com Inc. ($AMZN) Stock Forecast: Up 5.3% Today

What is Amazon.com Inc.?

Amazon (AMZN) is a multinational technology company known for its focus on e-commerce, cloud computing, digital streaming, and artificial intelligence. It is among the prominent players in the U.S. information technology industry.

Why is Amazon.com Inc. going up?

AMZN stock is up 5.3% on Aug 5, 2024 15:19

• Amid a bearish market environment where major indices saw significant declines, Amazon (AMZN) displayed a strong bullish performance.
• The recent market volatility, driven by concerns of an economic downturn and disappointing financial results, negatively affected several tech stocks, including Amazon.
• Amazon's stock price fell by 7.20%, reflecting shifts in consumer spending patterns and broader economic indicators.
• The decline in Amazon's stock led to Jeff Bezos experiencing a $15 billion loss in a single day, potentially influencing the overall negative market perception of the company despite its positive trajectory.

AMZN Price Chart

AMZN News

U.S. Market Loses $2 Trillion as Major S&P 500 Stocks Decline

A recent analysis reveals that significant declines in just 10 S&P 500 stocks, including major players like Nvidia, Microsoft, and Amazon, have erased over $2 trillion from investor portfolios since mid-July. The post U.S. Market Loses $2 Trillion as Major S&P 500 Stocks Decline appeared first on Cryptodnes .

https://cryptodnes.bg/en/u-s-market-loses-2-trillion-as-major-sp-500-stocks-decline/

Dow plunges more than 1,000 points as global stock rout deepens on recession fear

The stock market crashed Monday, with the Nasdaq 100 dropping nearly 6%. The decline began last week after poor earnings reports and a weak July jobs report. Japan''s surprise rate hike and Berkshire Hathaway''s Apple stake cut fueled investor fears. US stocks crashed on Monday, with the Nasdaq shedding nearly 6% as the global market rout that kicked off late last week accelerated. The Nasdaq Composite plunged and the Dow Jones Industrial Average shed more than 1,000 points in Monday morning trading, with the tech-heavy index falling further into correction territory. The stock market decline started last week after worrying earnings reports from Amazon and Intel and a big miss in July nonfarm payrolls sparked concerns of a potential recession. Since Thursday, the S&P 500 is down about 7% while the Nasdaq 100 is down 9%. The losses accelerated on Monday after Japan''s stock market experienced its worst decline since the Black Monday crash in 1987, falling 12%. A surprise interest-rate hike of 15 basis points by the Bank of Japan last week led to an unwind of the wildly popular Yen carry trade, which helped accelerate the recent stock market losses.

https://www.businessinsider.nl/dow-plunges-more-than-1000-points-as-global-stock-rout-deepens-on-recession-fear/

Market turmoil continues: Tech takes a tumble but Telecom holds on

Today''s Market Overview The US stock market experienced a notable shake-up today, characterized by sharp declines in several key sectors, particularly technology. Let''s delve into the implications of today''s trading data, extracted from the latest stock market heatmap, and explore strategic responses for savvy investors and traders. Technology Sector Overview It''s a sea of red for the technology sector, with major players like Nvidia (NVDA) down a dramatic 14.43% and Microsoft (MSFT) following closely with a 5.52% drop. This significant downturn points to heightened investor concerns about valuation and potential tightening of investor sentiment towards tech stocks, historically known for their volatile trading patterns. Financial and Consumer Cyclical Analysis The financial sector also faced a tough day, with major institutions like JPMorgan Chase (JPM) and Berkshire Hathaway (BRK-B) experiencing declines of 2.92% and 3.23% respectively. In contrast, the consumer cyclical sector showed mixed results, with Amazon (AMZN) down by 7.20%, possibly due to adjusting consumer spending habits and broader economic signals. Telecom Services Stand Resilient Amidst the market''s overall downturn, telecom services showed some resilience.

https://www.forexlive.com/stock-market-update/market-turmoil-continues-tech-takes-a-tumble-but-telecom-holds-on-20240805/

Magnificent Seven set to shed $1trln in value, led by Apple, Nvidia

High-performing shares of Alphabet, Amazon , Meta Platforms, Microsoft and Tesla fell as much as 12.2% in premarket trading

https://www.zawya.com/en/markets/equities/magnificent-seven-set-to-shed-1trln-in-value-led-by-apple-nvidia-hpuxhiks

Jeff Bezos loses $15BN in a single day leading massive $134billion stock slump for world''s 500 richest people including Mark Zuckerberg and Elon Musk

Shares of Amazon.com Inc went down by 8.8 per cent on Friday as part of a wider sell-off in the market, according to Bloomberg. This dropped Bezos'' net worth to $191.5billion.

https://www.dailymail.co.uk/news/article-13710115/Jeff-Bezos-loses-15BN-single-day-leading-massive-134billion-stock-slump-worlds-500-richest-people-including-Mark-Zuckerberg-Elon-Musk.html?ito=1490&ns_campaign=1490&ns_mchannel=rss

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Amazon.com Inc. Price History

02.07.2024 - AMZN Stock was down 9.9%

• Amazon's stock experienced a significant bearish movement today, falling by 12% following disappointing third-quarter outlook.
• The company attributed part of the weak forecast to slower sales in its core retail business, influenced by the current ambiguous consumer sentiment.
• Despite efforts to reaccelerate AWS growth, Amazon faces challenges in the e-commerce sector due to concerns over economic slowdown and cautious consumer spending habits.
• The e-commerce sector, including Amazon, is encountering obstacles from various factors like inflation, interest rate cuts, and consumer reluctance towards discretionary purchases, contributing to a widespread decline in global stocks and impacting Amazon's stock performance.

02.07.2024 - AMZN Stock was down 9.1%

• Amazon experienced a bearish movement today.
• The profit forecast disappointment due to AI costs seems to have impacted investor sentiment negatively.
• Despite the slip, some Wall Street analysts view this as a buying opportunity, especially highlighting the strength of Amazon's cloud business.
• The narrowed margins overshadowing the growth in cloud computing could have contributed to the bearish trend as well, showing concerns about profitability.

02.07.2024 - AMZN Stock was down 9.3%

• Amazon stock experienced a significant bearish movement due to a weak sales outlook and missing revenue expectations for the first time in over two years.
• The company's stock plummeted by as much as 13%, leading to a substantial decrease in Jeff Bezos' net worth by $21 billion.
• The soft third-quarter guidance and mixed second-quarter earnings report contributed to the negative market sentiment, impacting not only Amazon but also causing a slide in Shopify shares due to broader market reactions in the e-commerce sector.
• The disappointing performance of Amazon compared to other tech giants like Meta and Apple this week further highlighted the challenges the company is facing in maintaining robust growth.

02.07.2024 - AMZN Stock was down 7.8%

• Amazon's stock had a strong bearish movement today, possibly influenced by the following factors:
• Shopify shares sliding due to e-commerce and broader market reactions following Amazon's mixed second-quarter earnings report and soft third-quarter guidance.
• Despite Amazon's Q2 earnings beating estimates and sales rising year-over-year, the market may have reacted negatively to the soft third-quarter guidance.
• The overall bearish sentiment in U.S. equities due to a report showing the economy added fewer jobs than expected in July could have also contributed to Amazon's downward movement.
• Investors might be cautious about Amazon's future performance in the e-commerce sector, especially with emerging disruptors in cybersecurity like Microsoft, Alphabet, Meta Platforms, and CrowdStrike Holdings.

02.07.2024 - AMZN Stock was down 8.4%

• Amazon's bearish movement can be attributed to its mixed second-quarter earnings report and soft third-quarter guidance, leading to a decline in Shopify shares as well due to e-commerce and market reactions.
• The warning from Elliott Management about Nvidia being in a bubble and the skepticism around AI innovations impacting Nvidia's stock price could have created a negative sentiment in the tech sector, affecting Amazon as well.
• Amazon's CFO expressing concerns about distractions from political events and the Olympics impacting consumer spending could have contributed to the bearish movement, reflecting broader economic worries for the rest of the year.

02.07.2024 - AMZN Stock was down 8.8%

• Amazon's stock experienced a significant decline due to the broader sell-off in U.S. stock markets triggered by concerns about a potential economic downturn following disappointing July jobs data.
• The company's downward trajectory was exacerbated by a gloomy profit forecast, primarily attributed to escalating costs in artificial intelligence.
• Despite the stock's decline, experts in finance suggest that this may be an advantageous time to invest, pointing to the growth potential in Amazon's cloud services as a positive aspect.
• Amazon's lackluster sales in the second quarter combined with a less-than-impressive revenue outlook for the current quarter further weakened investor confidence, contributing to the stock's negative trend.

02.07.2024 - AMZN Stock was down 9.2%

• Amazon's stock faced an 8% decline today following a less than favorable profit and revenue forecast for the current quarter.
• Today's market atmosphere leaned towards pessimism, characterized by a widespread decline in global equities and U.S. Treasury yields reaching lows not seen in months. The negative tone was influenced by economic uncertainties and cautious outlooks from Amazon and Intel.
• The Nasdaq, heavily weighted towards tech stocks, was notably poised for a market correction. Investors navigated through disappointing data trends and uncertainties about the Federal Reserve's strategies.
• Although Amazon's profits doubled in the recent financial quarter, its sales and advertising revenue fell short of market projections. Concerns about the company's profit growth momentum further exacerbated the substantial drop in its stock value.

02.07.2024 - AMZN Stock was down 13.0%

• Amazon's stock experienced a significant bearish movement, plunging by 9.14% amidst a broader market sell-off.
• The tech sector, including giants like Nvidia and Broadcom, faced sharp declines, contributing to the overall market volatility.
• Weak earnings reports from companies like Intel and Amazon, coupled with concerns about a slowing economy following a disappointing July jobs report, likely fueled investor sentiment against major retail entities like Amazon.
• Amazon's weaker-than-expected sales guidance for the upcoming quarter, attributed to external factors like recent events, might have further dampened investor confidence in the company's performance, leading to the substantial decline in its stock price.

02.07.2024 - AMZN Stock was down 9.6%

• Disappointing earnings results for Amazon, marked by decelerating online sales growth and failure to meet market projections, resulted in a notable decrease in its stock value.
• The overall market sentiment was pessimistic, reflected in all major indexes experiencing a more than 2% drop due to underwhelming economic indicators and uncertainties surrounding the Federal Reserve's decisions.
• Investors are particularly wary about the performance of large-cap tech giants such as Amazon, as they confront challenges related to the integration of AI strategies and cloud computing into their financial outcomes.
• The culmination of Amazon's lackluster earnings, the broader market's downturn amid recession concerns, and the shift towards cost-conscious consumer behavior all contributed to the significant drop in Amazon's stock price on the day.

02.07.2024 - AMZN Stock was down 13.9%

• Amazon's stock saw a significant decline today, dropping by 9-11%.
• The downward pressure on the stock was influenced by weak sales guidance for the upcoming quarter, disappointing profit and revenue outlook, and missing analysts' estimates for net sales in the second quarter.
• Alongside internal factors, external events like mentions of Trump and the Olympics could have contributed to investor worries.
• The broader negative market sentiment, driven by a weaker US jobs report hinting at an economic slowdown, likely had an adverse impact on Amazon's stock price.

02.07.2024 - AMZN Stock was down 11.9%

• Amazon reported its second-quarter results, showing AWS growth reacceleration. However, increased capital spending put pressure on margins, overshadowing the positive news and leading to a bearish movement in the stock.
• Concerns over a US economic slowdown and a reminder of a possible hard landing triggered a broad selloff in global stocks, including Amazon. Dismal earnings reports from Amazon contributed to investors' anxieties about consumer spending.
• The broader uncertainty in the market, nervous reactions to earnings reports, and macroeconomic indicators led to sharp sell-offs in previously bullish sectors like technology and consumer services, impacting Amazon's stock negatively.
• The decline in Amazon's stock price was also part of a broader trend of tech giants experiencing volatility, with notable declines in companies like Nvidia and Broadcom, contrasting with the resilience shown by Apple amidst the turbulence.

05.07.2024 - AMZN Stock was up 5.3%

• Amid a bearish market environment where major indices saw significant declines, Amazon (AMZN) displayed a strong bullish performance.
• The recent market volatility, driven by concerns of an economic downturn and disappointing financial results, negatively affected several tech stocks, including Amazon.
• Amazon's stock price fell by 7.20%, reflecting shifts in consumer spending patterns and broader economic indicators.
• The decline in Amazon's stock led to Jeff Bezos experiencing a $15 billion loss in a single day, potentially influencing the overall negative market perception of the company despite its positive trajectory.