After Amazon’s second-quarter earnings were announced, the stock fell around 9% after the company missed on Wall Street’s expectations. However, one of Amazon’s weapons is their Amazon Web Services (AWS). This is a way of bringing Amazon’s expertise in operating a massive computer infrastructure to market. AWS revenue has been growing faster recently, so will that help Amazon move higher in line with its strong seasonal pattern?
Over the last 15 years, Amazon has risen 80.00% of the time between August 18 and September 19 with an average return of +6.15%. The largest gain was in 2011 with a 32.42% gain. The largest loss was in 2020 with a -10.63% loss.
Major Trade Risks: Any faster rise in US rates and early tapering news could send Amazon shares lower.
Our products and commentary provides general advice that do not take into account your personal objectives, financial situation or needs. The content of this website must not be construed as personal advice.
Recommended content
Editors’ Picks
AUD/USD gaps lower, retreats from near 0.6500
The AUD/USD pair hovers around 0.6470 early in the Asian session as demand for the US Dollar resurges. US markets remained closed due to the Thanksgiving Holiday and are due to close early on Friday.
USD/JPY hovers around 151.50 ahead of key Japanese releases
The USD/JPY pair trimmed part of its recent gains and bounced from a multi-week low of 150.44. Market players await updates on Tokyo inflation, and first-tier figures for Japan in an another wise quiet Friday.
Gold extends consolidative phase below $2,650
XAU/USD saw little change for a third consecutive day. The bright metal keeps trading just below the $2,650 mark, lacking directional strength amid easing demand for safety.
Crypto Today: BTC climbs to $97K, SHIB demand dips, TON lifted by Tornado Cash verdict
Bitcoin price rose 4% on Thursday, breaching the $97,000 mark after opening at $91,947 on Wednesday. Amid the BTC rally, privacy-inclined projects like Monero (XMR) and Toncoin (TON) received a major boost alongside crypto AI coins such as Render (RNDR) and Artificial Super Intelligence Alliance, (FET).
Eurozone PMI sounds the alarm about growth once more
The composite PMI dropped from 50 to 48.1, once more stressing growth concerns for the eurozone. Hard data has actually come in better than expected recently – so ahead of the December meeting, the ECB has to figure out whether this is the PMI crying wolf or whether it should take this signal seriously. We think it’s the latter.
Best Forex Brokers with Low Spreads
VERIFIED Low spreads are crucial for reducing trading costs. Explore top Forex brokers offering competitive spreads and high leverage. Compare options for EUR/USD, GBP/USD, USD/JPY, and Gold.