29/08/2024 09:28

Amazon.com Inc (AMZN US) $US170.80

Earlier this month, Amazon reported weaker-than-expected revenue for the second quarter and issued a disappointing forecast for the current period; the stock fell accordingly. Amazon’s cloud business exceeded analyst estimates, but its advertising unit came up short. The traditional earnings numbers looked good, but under the hood, it was a touch light

Read more

07/06/2024 08:49

Amazon.com Inc (AMZN US) $US185.00

The markets embraced AMZN’s earnings beat in late April: Advertising revenue grew 24% in the first quarter, outpacing retail and cloud computing, plus Amazon Web Services also reported results that topped estimates. Earnings per share came in at 98 cents vs. 83 cents expected by LSEG (the data vendor used on the MM website).

Read more

31/10/2023 09:18

Amazon.com Inc (AMZN US) $US132.71

Last week saw AMZN report better-than-expected 3rd quarter earnings, with revenue increasing +13%, illustrating the resilience of the US consumer. Understandably, the company was cautious with its 4th quarter forecast – for the 3rd quarter, EPS came in at 94c v 58c expected by LSEG while revenue of $US143.1bn beat estimates of $US141.4bn.

Read more

26/09/2023 09:04

Amazon.com (AMZN US) $US131.27

It was interesting overnight to see Amazon rally +1.7% after the online retailer announced it plans to invest up to $4 billion into artificial intelligence firm Anthropic, it appears the AI boom has much further to play out.

Read more

22/09/2023 09:14

Amazon.com Inc (AMZN US) $US129.33

Jeff Bezos’s online retailing giant caught the headlines for the wrong reasons overnight, falling over -4.4%, making it the worst of the major tech names on our Watchlist. We aren’t reading too much into this pullback, believing it was more a function of this month's strength, allowing “weak longs” the opportunity to lock in some profits.

Read more

28/04/2023 09:20

Global Markets

US stocks surged higher overnight led by the reinvigorated Tech Sector following strong earnings e.g. Amazon.com, the world’s largest retailer, closed up +4.6% following a profit result that showed the great combination of successful cost-cutting and strong sales with 1st quarter revenue up +9.4% to $US127.4bn.

Read more

11/05/2022 13:54

International Equities Portfolio – Amendments

We are selling Amazon (AMZN US) & buying Tesco (TSCO LN)

Read more

11/05/2022 09:39

International Equities Portfolio

The MM International Equities Portfolio fell -7.2% during the week with cash remaining at 8%.  Trade Desk (TTD US) was whacked -26% and JD.com -15.6% while Brunswick (BC US) advancing just +0.5% was, unfortunately, the only green across our portfolio. While this portfolio is filled with high-quality companies, a number of these have fallen substantially this year dragging performance with them. In hindsight...

Read more

05/05/2022 09:18

Amazon (AMZN US) $US2518.57

Amazon has been clobbered over the last few weeks following its latest earnings report taking the shares down to levels not seen since mid-2020 i.e. the “buy the dip” attitude has clearly waned towards growth stocks. Unlike Netflix (NFLX US) which is facing serious risks to its business model AMZN experienced some weak e-commerce results in the short term but one quarter doesn’t set a trend. Amazon Web Services continues to deliver...

Read more

04/05/2022 09:37

International Equities Portfolio

The MM International Equities Portfolio added 3.75% during the week with cash at 8%. Amazon.com (AMZN US) falling -9.8% was the only negative, in the winners circle we saw Tencent (700 HK) +14.4%, JD.com (JD US) +18.2% and Alibaba (BABA US) +20.9% - overall a solid set of numbers.

Read more