S & P 500, especially the shares of the shares of hardened technology shares a sharp sale in a sharp sale.
So far, the S & P 500, February 20, February 20, about 8% less than 8%, the technological and heavy NASDAQ has retreated 100 12%.
For large technological shares, the so-called seven were worse, including the so-called. Round magnificent seven etph (Able-hail( 18% of the January peak and the Amazon shares lost 20% of the value since early February.
Amazon’s landing, especially Jarring, artificial intelligence activities, the artificial intelligence activity, which causes 44% of Amazon share, is sharply contradictory in 2024 because AZN has increased the demand for the fund.
Similar: The Treasury Secretary reacted to the exchange 3 words in the stock exchange
Given the final sales demolition, investors think that Amazon shares will continue to fall.
Amazon’s stock price hits two fronts
Amazo’s (Amzn( Success Main markets must work again.
First, the first of brick-mortar stores stopped on the head by launching the transition to online shopping. Then in late 2000s, they rented an unused power of unused computing in AWS in AWS, which has changed the data from companies to cloud and hybrid networks.
The strategy has surely paid. In 2010, the annual income of the Amazon approached about $ 640 billion in 2024. Was taken from $ 34 billion in 2010. Amazon shares are about 2300% in the same period.
Related: Amazon, the future of AI, a new project
Amazon Goliath remains as an e-commerce seller and a cloud service provider, investors wrestle with two growing anxiety:
- A potential weakening economy and
- A Possible Reset to Spend AI.
The economy is still strong, the total domestic product (GDP) increased by 2.3% in the fourth quarter. However, the assembly evidence shows that it can be a tougher slog in 2025.
Inflation is lower than the 8% of the recorded in 2022, but it is higher recently. According to the consumer price index (CPI), inflation in September was 3% inflation in September. Pinched already cashed consumers.
We saw a constant selection on the floors, including improving unemployment in high-level technology and federal work. In February, about 172,000 American employees, Challenger, gray and Christmas are reported. This has been the biggest loss of work in February since 2009.
These concerns believe that this year’s consumer expenses, including arbitrary purchases. Undoubtedly, the status of Amazon as a low-valuable retailer of Amazon helps them to slow down, but it does not make it immune to the recession.
Amazon, a reset in AWS revenues can see a reset if effort to protect the money during EU fall. There is still a little sign of slowing, but workplaces are softened by the latest markets, and leave Amazon with more capacity than the forecast.
Amazon’s shares blink a rare signal
With retail spending interventions and AWS question marks, Amazon shareholders are easier to understand the sales button to lock last year’s earnings.
While Amazon continued to fall, some signs show that the sale has taken over. If so, Amazon’s shares can soon be able to see the relief rally.
One of the outfits is the relative power index or RSI. RSI (14) measures the price movement during the previous 14 trading period and can signal if the shares are over or excessively.
Similar: S & P 500 Promise update to the correct predicting veteran stock manager
When RSI is more than 80, it is an extreme warning. However, when it slips down 30, it shows that shares are preparing for the rally.
Amazon’s RSI is about 27 on March 10. Since August, when August 5 reaches 26, before a large rally that lifts Amazon, by the end of 2024 to 45%.
Potential Oversold signal a long time hedge fund manager Doug is not lost at Cass.
The Cass also warned the risks of risk in December, the possibility of reduction in February.
More technological resources:
- NVIDIA Supported Startup may be the hottest technological iPo of the year
- Sorry, most Americans are concerned with this TESLA technology
- Cathie Wood offers 5 important technology trends
Now these shares fell, Kass, said in an article TheStreet Pro Diary Changed Gears and started a bargain hunter that could take advantage of a short relief rally, including Amazon.
On March 6, Kass began a long position in the Amazon shareholder and took a position to what he described as a great position on March 10
Kass is not the only one warmed to Amazon.
For a long time, Trayder Bob Lang thinks that Amazon shares can set up a relief rally soon.
“The cash flow is improving but improves; above zero would be a good start for these bulls. We see that the 200-day movement is approached by the end of this corrective movement” The Lang wrote in Thestreet Pro. “If this is light, it can be a good place to raise more shares.”
Similar: Veteran Fund Manager, submitted S & P 500 forecast
