$AMZN The original OG of cloud, reporting next week. Google Cloud and Azure kicking major arse. Retail Strength, plus cloud. Win for AMZN
Posted: Apr 28, 2024
- Consumer spending remains strong, with total card spending per household showing growth year-over-year - Strong labor market supports consumer momentum - Tax refunds and easing rent inflation have positive impacts on spending - Amazon benefits from trends in low ticket items, cloud computing, and AI growth - AWS is expanding into various sectors including Pharma and Medical Insurance - Crypto acceptance and blockchain services give Amazon leverage - Royal Carribean reported positive earnings due to increased consumer spending on low ticket items - Key players in cloud computing include Amazon Web Services and other major providers, as listed in various sources provided.
Summarized top reddit comments: - High optimism and bullish sentiment surrounding $AMZN - Speculation about competition with Google and Microsoft in cloud services - Mention of Amazon's potential strategies like advertising and partnerships - Some users considering buying Put options for Amazon - Concerns about gaps in Amazon's stock price below current levels - Reference to potential rise in stock price after earnings report
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