Amazon Provides Constructive Outlook; FVE Up to $4,200
We are again impressed by Amazon's earnings power as COVID-19 costs roll away.
Source: morningstar.com
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Amazon's Q4 Strength; Bezos to Step Down; FVE to $4000
Wide-moat Amazon (AMZN) reported strong fourth-quarter results, including material upside to revenue, an EPS blowout, and upside to its revenue outlook for the first quarter. Amazon remains well positioned to prosper from the shift toward e-commerce during the COVID-19 pandemic (with particular strength in groceries and staples) in the near term, but also the secular shift toward e-commerce in the long term. We are particularly impressed by margin performance, which we think is a preview of Amazon’s earnings power as COVID-19 costs roll away and the company grows into its 50% fulfilment cap...
Source: morningstar.com