AMZN stock

2022 - 7 - 28

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Image courtesy of "Entrepreneur"

Is AMZN Stock a Buy Following Its Biggest Prime Day Ever? (Entrepreneur)

This month, the e-commerce giant Amazon (AMZN) reported the biggest Prime Day in the company's history, which is expected to boost its top line.

This month, the e-commerce giant Amazon (AMZN) reported the biggest Prime Day in the company's history, which is expected to boost its top line. The stellar Prime Day this year might bolster the company's top line. The stock also has a D grade for Value, consistent with its lofty valuations. The stock has an overall rating of D, equating to Sell in our proprietary rating system. AMZN shares have gained 13.9% over the past month and 1.1% intraday. The company operates through its three broad segments of North America; International; and Amazon Web Services (AWS). For the fiscal second quarter ended June 30, AMZN's total net sales increased 7.2% year-over-year to $121.23 billion. Worldwide, Prime customers shopped for more than 100,000 items per minute, with U.S. Prime members purchasing more than 60,000 items per minute. AMZN's POWR Ratings reflect this bleak outlook. However, given its bleak bottom line... However, given its bleak bottom line position, will it be wise to invest in the stock? This month, the e-commerce giant Amazon (AMZN) reported the biggest Prime Day in the company's history, which is expected to boost its top line.

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