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Cramer unloaded some AMZN in his charitable trust.

"We didn't get the top .... but we got over 3,000.... we got the double. We were being greedy and felt we had to sell some."
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https://www.thestreet.com/video/why-jim-cramers-sold-some-amazon-stock

I do think Bezos insider sales were significant. There's a lot of good news priced into Amazon and yes, it is the most profitable company in the history of the universe, but trees don't grow to the sky. The beauty of capitalism is other companies will adapt. Not saying this is the end by any means, but I am sure there is no such thing as a sure thing.
 
Another reason Bezos probably sold. He knew this was coming.

Amazon’s days of playing both sides of the retail fence may be numbered. The European Union’s top antitrust authority issued charges Tuesday accusing the company of using nonpublic data it gathers from third-party sellers to unfairly compete against them.

It also is looking into how Amazon distributes the “buy box”—which often determines who gets the sale—between its third-party sellers and its own goods. Amazon can—and most certainly will—dispute the charges, and a decision isn’t expected until sometime next year. U.S. lawmakers also are eyeing the company’s third-party business, though no formal action has been unveiled.
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https://www.wsj.com/articles/crashing-amazons-third-party-11605039631?mod=djemheard_t

Truth of all this is, Amazon was allowed to operate at an unfair advantage online by not charging state taxes until a few years ago. By that time, the hooks were in.
 
yeah, well, it's below all 46 Yahoo Finance analyst estimates; and a trailing P/E of 89; so "most profitable?" I don't think so. I would say I never used it but I did once, because I got a gift card from my sister. Never again. What is it they make? Oh, that's right. NOTHING!

AMZN is so over as an investment; no more avoiding taxes, instead, say hello to the Federal Internet Sales Tax coming to your country soon! Let's make it say, 15% for starters? And the outcome of antitrust charges could dwarf that hit. It won't be only money....that company will be broken up (or broken apart).

I will take a look at this dog when it's much lower, say under 2,500? Until then, anyone who owns it should sell the liven bejeezus out of it. The CEO did.
 
Amazon crushes estimates, coming in at $14.09 on on EPS, nearly doubling the $7.34 expected, yet the stock is down slightly after hours because Jeff Bezos announced that he is stepping down as CEO.
 
First time in I don't know when, AMZN price target was downgraded by 10 major investment houses today.

Atlantic is the most "bearish" with a $3,800 target. Susquehanna is the most bullish with a $5,000 target.
 
Life is tough when you top earnings estimates, on LOWER than expected revenue. That only means Amazon is better at earning money off it's sales than expected. I don't know why , with better than expected earnings, the stock share price would fall over 7%. I think they are doing fine.
 
Of course they're doing fine, they're the most successful company in the history of the universe, but for a so-called market leader, it's been range bound for a year now with a failed breakout last week.

Point is, high PE stocks (AMZN 69) are priced for blowout earnings. If the blowout estimate isn't blown out, then the stock drops hard.
 
Retail getting smashed today with some companies down more than others. Looks like there were a bunch financial tricks in the previous earnings quarters and a huge reliance on stimulus checks. Despite the drops (JWN -16%, URBN -8%, ANF -5%, BBY -.8%) most retail stocks remain range bound YTD (BBY tried to break out today, but is getting pushed down). The mighty AMZN has been range bound for a year and it really makes me wonder where that stock would be without their cloud services which have been a hurricane force tailwind for years.

As usual there were some financial tricks in previous quarters that stopped working, but mostly the bump in spending from stimulus checks is drying up and store traffic is down. Sure, online is fine, but what about all those employees and real estate leases that need to be paid?
 
I'm doing what I can to keep Amazon busy. I see FedEx, UPS and Amazon trucks up and down my street at least twice a day. That doesn't include what USPS delivers.
 
Great, I don't know anyone who doesn't have an Amazon Prime account, but that doesn't do anything to explain why the stock is flat since July 2020. It also doesn't explain why retail in general has been flat since March 2021.

The big money maker is Amazon Web Services which makes up some 60% of profits. Their advertising business is also bringing in money. Retail wise, Amazon Prime Day brings discounts across the entire retail spectrum pulling many sales forward that may have been purchased down the road (back to school).
 
It kind of reminds me of something both Apple and Microsoft went through after sharp rallies beforehand. AMZN shot up more than 50% from PRE covid crash levels into July of 2020 - more than 100% since the Covid lows.

Apple had a period from 2012 to 2016 where kept clinging to that 21 - 22 area after a big rally beforehand.

Microsoft had a two year stint where it kept coming back to 45 after more than tripling beforehand.

So maybe one year consolidation in AMZN is just a temporary roadblock before it blasts off again. But it's only been a year, so maybe it will go on a while longer?

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Big miss for Amazon earnings after the bell. It's down about 4% in initial after hours reaction.
 
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