Amazon: 3 Reasons To Turn Bearish Ahead Of Q1 Earnings (Rating Downgrade)

Summary:

  • Amazon has climbed back to near its all-time high ahead of its Q1 earnings report later this month.
  • We see room for caution amid a more complex macro backdrop, while expectations remain high.
  • Expect renewed volatility in shares, with risk for a bigger correction going forward.
FTC Files Lawsuit Against Amazon Over Prime Membership Pratices

Justin Sullivan

Amazon.com, Inc. (NASDAQ:AMZN) has quietly climbed back to within a few points of its all-time high with shares more than doubling in value from its 2022 cycle low. The e-commerce giant has benefited from the resiliency of the U.S. and global


Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

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