2024-06-11 15:56:31 ET
Summary
- Amazon's stock might have dropped following its Q1 2024 results, but it has more than recovered since, as there's much to like about the numbers.
- A good operating margin was a notable positive in the report, though there's reason for some concern about it.
- Rising competition from the likes of Temu and a softening US consumer market can put downward pressure on revenues, while ongoing labor challenges can increase costs.
- For now, however, it's expected that the company's numbers will continue to be positive for the stock. These, along with its forward P/E indicate further upside ahead for Amazon.
The stock market did not respond positively to e-commerce marketplace giant Amazon.com Inc.'s ( AMZN ) first quarter (Q1 2024) results, with a 3.3% price drop on the day they were released. But in the weeks that have followed, the stock has not just recovered, but it's also slightly up since then (see chart below)....
Read the full article on Seeking Alpha
For further details see:
Amazon: The Stock Looks Good Despite Possible Margin Pressures