AMZN — All updates

We have a decline in Amazon and Meta shares, while Apple and Microsoft shares are rising . So, the picture is divided this morning across the " Great Seven" group.

So, let's delve into the details of Amazon's situation. However, when looking at the performance list, it can be said that Amazon is in the middle in terms of performance. Clearly, the fundamentals are very strong.

Could you please explain your point of view regarding the price movement?

Next comes Amazon. It runs an online store, and I'm really optimistic about other companies renting their computing power. This is the largest online store in human history, that's clear.

Amazon is doing an incredible amount of business. However, it's actually a combination of two businesses, right? This is what I like the most because they are now working on AI and companies are renting their computing power, which is a very profitable business.

Someone wants to know your thoughts on Amazon and how choppy it's been. so Amazon, I think Amazon trades like crap. Like what the hell?

You know what? If there's a reason for Amazon to play some catch-up, it's here and right now. If it can just get through that 21day, 50, 100 day area, we can break out. So, we started buying 249, right?

Then we got then 255 was where that area was to add some alpha to the trade. We did calls. It got to 259, 260. And I said, "Guys, we just made 10 points." And you know what? It felt like the hardest 10 points ever.

We got out of all our coals. We sold a lot of stock and now I'm still holding some going, I wish I sold all of it.

I've been talking all year about wanting to increase my stake in Amazon shares, and I've been able to do so at an attractive price . I have doubled my stake in Amazon stock. It now constitutes about 6% of my total investment portfolio, which is what I was aiming for.

Remember when I gave you my last wallet update, Amazon was making up about 3% of it, and I said then that I wanted it to get closer to 6 to 8%. Since I doubled my stake, it now represents about 6% of my portfolio.

Even Amazon's stock, for example, has declined over the past two months , yet many are currently investing heavily in the sector.

We are seeing some kind of impact on platforms like Amazon, for example, because Amazon has banned Muse from shopping, I believe, on its site.

Amazon, however, is not actually involved in this area, and it appears to have blocked the Muse app from accessing it. Amazon shares are currently trading at an enterprise value to earnings before interest and taxes (EV/EBIT) ratio of 22, their lowest in 25 years.

Growth may then slow down at a time when technology giants such as Microsoft, Amazon, Meta, Oracle, and SpaceX are investing enormous sums in artificial intelligence infrastructure.

if you look at my most important investment assets, you'll find that they usually tend to be Microsoft, Google, and Amazon. These are the giants in whom I already put most of my money .

The reason is that I feel the bigger they get , the more impregnable and difficult their competitive trenches become to penetrate.

Amazon is facing the biggest threat in 30 years to the company's dominant position in e-commerce. Company won in e-commerce by being the aggregator of demand. It wasn't the lowest cost place to shop, but it was a place that all customers went and so suppliers had to follow.

The simple way to think about this is Amazon was the app we chose to shop on over and over again. Hundreds of millions of customers getting locked in by their Prime accounts.

I'll tell you what's been really hard with bad Amazon's been horrendous. Amazon I think every trade in the world is starting to really hate Amazon. Why? Because it's been predatory.

You know, from down here at 226, it gave you a a post earnings move and a fierce move all the way to 287. Amazon's back. Looked like it was going to hold here and then failed. That was first clue to get the hell out of the way.

Then if you were long worst to gap pivot, you had to get out of the way. Then you had this day one that looked great and all of a sudden yesterday made a new lower low.

Next up into the chart of Amazon, guys. Now, first off with Amazon, I want to go over this with you with a uh overview of our inclining parallel channel. Guys, if you ever get the opportunity to isolate these on your charts, I highly recommend you do it.

They give you so much information where price can break down from current trend, where we can move up to the next level, get more bullish, and then obviously a cap to that bullishness, right?

So looking at this inclining parallel all the way back here since 2023 on the charts zooming into the 50% area you can get a lot more information here too. You can see initially we came down much like the gold chart and the silver chart.

We didn't confirm a break elevated right back up but then we couldn't extend far enough guys right if we extended far enough away then the next attempt could be support level. We didn't accomplish that. instead broke through, put in another retrace after confirming a breakdown and then boom, we've got rejected.

Nice push down further on the charts as you see Amazon coming down closing near the lows of the day. So that brings up an important level of potential support on the horizon for AMZN derived from this inclining trend line from March 27th of this year connected over to the pivot low in July of this year.

That value comes in roughly right around $239. Right on top of this uh high-end wick on July 30th. We should see near-term bounce. One that could propel Amazon right back up to the 50% area. This parallel at $25822.

Yeah, the competitive landscape for Amazon it's getting tougher, you know, on the the AWS side especially, the cloud computing side. There's only so much that Amazon can supply.

It's pretty near its supply constraints right now.

We've seen a really strong uptick in developer uptake of using Microsoft's cloud platforms versus Amazon's and Google.

All right, number three stock that we want to talk about is another one of these huge players. This is This is a theme that a lot of these companies are some of the biggest companies in the world, but Amazon, not [snorts] only one of Nvidia's biggest customers, but again, another one that's trying to get out from under Jensen Huang's thumb.

Amazon pulling here. Trey, you mentioned that. I Izzy was here earlier I think. I haven't heard from him yet. Uh, this is interesting though because Amazon was a good buy the last time it moved under 250. That might be on deck here.

So, Amazon moving lower here. Let's see if it dips beneath 250. Izzy, if you're out there, what's the buy spot if this does in fact snap that?

But hey, you know, look at Amazon. Amazon woke up a little bit. It did. Okay. Um, you can now say, you know, this is your point of reference if you're an active trader at 249. 249.

Sometimes you got to let go what happened and and and start fresh. So, if you know after earnings, if you were long verse 262 and got stopped out, okay, if you bought here and got stopped out, okay, hey, maybe maybe this time is different.

Maybe because now they have to they're slowing down their spend and they don't have to um you know go so fast. Um I would think if this wants to be better, I'm not saying it will be, but it might.

It wants to probably hold 253. So if you think this is going to get a um blows, which I kind of think it's going to happen to like your Amazons and your um your uh you know your Googles and some of these well this morning they'll go from red to green. this morning there'll be an opportunity right so what's Amazon doing this morning Apple's down 77 cents Amazon is down 260 if Amazon wants to be different not saying it will be but if it wants to be different I almost bo you know people like red look at Amazon it's looking better I'm not buying the close there's no way anyway if if it could hold 253 and absorb this weakness hey maybe it's setting up a nice area to to do better we all could do better Maybe Amazon will do better, but at least you have 253 or 249.

I would say give it to 249. Buy a little bit and then this way it takes some pressure off that if all of a sudden it's on your do not touch list. It's on a lot of active traders do not touch list.

I get it. Um well, maybe it it'll pay you back. Um so anyway, this is 257. Um it's it's getting a little tighter in here. It's trying to be better.

But then I also spent 15 on Amazon, who I actually just made also a whole video on very recently. I think it was like the last video I made um or at least the one that I published.

But yeah, this one is one of my like most favorite core holdings for the long term. I've always loved Amazon. It's in my opinion one of the most like um misvalued stocks in the market.

I I'll just leave it at that. Go watch that video if you want a deeper dive. I go into into everything about Amazon, but I love Amazon for the long term.