Amazon: Defying The Odds

Jul. 29, 2022 4:31 PM ETAmazon.com, Inc. (AMZN)WMT5 Comments
Cavenagh Research profile picture
Cavenagh Research
4.35K Followers

Summary

  • The company’s Q2 results beat consensus estimates with regards to revenues, operating income and guidance.
  • Amazon recorded total sales of $121.2 billion, an increase of about 13% year-over-year.
  • While Walmart has cut its earnings outlook, Amazon continued to deliver.
  • I am changing my view on AMZN stock and upgrade the company from Sell to Hold.

Amazon fulfillment center building in Las Vegas

4kodiak/iStock Unreleased via Getty Images

Thesis

In the past, I have voiced valuation concerns for Amazon.com, Inc. (NASDAQ:AMZN) stock. My thesis was anchored on the observation of a slowing economy, which I argued will negatively impact Amazon’s retail business

Amazon Q2 Performance

Amazon Q2 Performance

Amazon Q2 Results

Amazon Q2 Results

This article was written by

Cavenagh Research profile picture
4.35K Followers
5y experience as an investment analyst for a major BB-Bank. Currently working towards the CFA charter. Passion for risk-assets (Growth, Contrarian, Emerging Market) ex-colleague and close friend of Investor Express

Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Additional disclosure: not financial advise

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