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News  ›  Investing.com

Amazon: What Could Matter Most in the 4 Weeks Ahead of Earnings

Investing.com Logo Investing.com By Sam Quirke
Amazon: What Could Matter Most in the 4 Weeks Ahead of Earnings

Amazon stock is trading flat year-over-year despite the S&P 500's 17% gain, but has rallied 40% since April and consistently beaten quarterly expectations. The stock has been range-bound since July with support holding after a failed November breakout. Analysts remain bullish heading into late January/early February earnings, citing strong AWS growth prospects and improving AI narrative. The technical setup suggests upside potential as the stock consolidates ahead of earnings.

Insights
AMZN   positive

Stock has rallied 40% since April, consistently beats quarterly expectations, maintains support despite failed November breakout, majority analyst Buy ratings, improving AWS growth narrative, and favorable risk-reward setup ahead of earnings with expectations not stretched and stock not overbought.