My Stock Pick - AMZN
My Stock Screener Pick: Amazon Inc. $Amazon(AMZN.US$
Chart wise its finally broke the year-long channel of $2900 - $3500 days with nice volume last week. A correction this week could be a good entry for pre-earning run.
Management wise we are seeing a new CEO taking over. This gives me new hope that the company might finally announce the long awaited stock split (which Jeff stubbornly avoided all these years).
Fundamentally the revenue growth of the company doesn’t seem slowing down anytime soon. The pandemic had totally changed the consumer perception on non-store retailing and with a warchest as big as the GDP of a country, its hard to bet against their future.
I like to see it correct to area around $3,500 or even $3,400 to initiate my first purchase.
Chart wise its finally broke the year-long channel of $2900 - $3500 days with nice volume last week. A correction this week could be a good entry for pre-earning run.
Management wise we are seeing a new CEO taking over. This gives me new hope that the company might finally announce the long awaited stock split (which Jeff stubbornly avoided all these years).
Fundamentally the revenue growth of the company doesn’t seem slowing down anytime soon. The pandemic had totally changed the consumer perception on non-store retailing and with a warchest as big as the GDP of a country, its hard to bet against their future.
I like to see it correct to area around $3,500 or even $3,400 to initiate my first purchase.
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