Connect with us

Hi, what are you looking for?


‘You want to be long Amazon as trade and as an investment’: Analyst Inc (NASDAQ: AMZN) has significantly underperformed the broader market since November of 2021 but much of that pain, as per Mark Mahaney (Evercore ISI), is now in the rearview mirror.

Mahaney’s bull case for Amazon shares

Down more than 30% for the year, the analyst dubs Amazon shares a “buy” not just as an investment but as a trade as well. Making a bull case on CNBC’s “Closing Bell”, he said:

Online retail was the first hit earlier this year because of inflation and demand shocks. That means they’ll probably be the first out. So, I think revenue growth can accelerate from here at Inc.

Mahaney expects Amazon to do well as fuel, shipping, and labour costs continue to ease in the coming months. His constructive view matches the Wall Street at large that also recommends buying Amazon shares here.

Amazon has the best mix shift in tech

In July, Amazon reported a 33% year-on-year increase in its quarterly cloud revenue. Advertising also climbed 18%.

The two businesses known particularly for rapid growth is why Mahaney sees weakness as an opportunity to build a position or increase exposure to Amazon shares.

I like the setup in Amazon. The fastest growing parts of the business, advertising and AWS, are the highest margin, best mix shift story. So, you want to be long Amazon as trade and as an investment.

AMZN is currently trading a little above its year-to-date low.

Last month, the multinational expanded on its “green” ambition and announced a deal with Plug Power Inc – a Latham-headquartered producer of hydrogen fuel cell systems. (detailed here)

The post ‘You want to be long Amazon as trade and as an investment’: Analyst appeared first on Invezz.

Enter Your Information Below To Receive Free Trading Ideas, Latest News And Articles.

    Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!

    You May Also Like


    Solana (SOL/USD) is enormously underrated as a cryptocurrency project, even with its hiccups – including the latest exploit on one of the ecosystem apps....

    Editor's Pick

    The new eSIM infrastructure will help modernise the IoT connectivity market with fast, secure connections and reduced vendor lock-in. 1oT, a tech startup from...


    The latest Job Openings and Labor Turnover Survey from the Bureau of Labor Statistics shows the total number of job openings in the economy...


    U.S. District Court Judge Reed O’Connor recently ruled to uphold the rights of employers granted in the Religious Freedom Restoration Act, rather than uphold...

    Disclaimer:, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2023