{"id":55299,"date":"2023-08-31T11:12:43","date_gmt":"2023-08-31T15:12:43","guid":{"rendered":"https:\/\/ifintechworld.com\/investing\/amazons-stock-heads-toward-longest-monthly-winning-streak-in-12-years\/"},"modified":"2023-08-31T11:12:46","modified_gmt":"2023-08-31T15:12:46","slug":"amazons-stock-heads-toward-longest-monthly-winning-streak-in-12-years","status":"publish","type":"post","link":"https:\/\/ifintechworld.com\/?p=55299","title":{"rendered":"Amazon\u2019s stock heads toward longest monthly winning streak in 12 years"},"content":{"rendered":"<div id=\"js-article__body\" itemprop=\"articleBody\" data-sbid=\"WP-MKTW-0002460141\" role=\"document\">\n<p>Amazon.com Inc.\u2019s shares are on track to notch their sixth month in a row of gains, which would make for their longest monthly winning streak in over 12 years. <\/p>\n<p>The last time Amazon\u2019s stock<br \/>\n        AMZN,<br \/>\n        <bg-quote field=\"percentchange\" format=\"0,000.00%\" channel=\"\/zigman2\/quotes\/210331248\/composite\" class=\"positive\">+2.52%<\/bg-quote><br \/>\n       gained for six consecutive months was the period that ended in July 2011, according to Dow Jones Market Data. <\/p>\n<div class=\"paywall\">\n<p>Amazon shares are enjoying a nice pop to end the month, up 2.6% in Thursday morning action. They\u2019re currently up 3.6% so far for the month. <\/p>\n<p>The e-commerce and cloud-computing giant kicked off the month with an upbeat earnings report that indicated a stabilization of its Amazon Web Services business. <\/p>\n<p><strong>See more<\/strong>: The \u2018stabilization\u2019 of AWS may have been the most significant number for Amazon\u2019s earnings<\/p>\n<p>\u201cInvestor questions now shift to how fast AWS growth can re-accelerate given commentary that new workload migration is ramping up (supported by healthy backlog growth) while optimization efforts are winding down,\u201d Bernstein analysts led by Mark Moerdler wrote in a note to clients last week. <\/p>\n<p>The Bernstein team added that as concerns about AWS fade, \u201cinvestors are increasingly paying attention to the retail business, which not only delivered healthy revenue growth, but also delivered impressive domestic operating margins.\u201d<\/p>\n<p>If Amazon is able to deliver persistent margin expansion, the company \u201cmay well be on the cusp\u201d of \u201clong-awaited\u201d inflections in operating income and free cash flow, they said. <\/p>\n<p>Amazon has gotten its share of love from Wall Street analysts this month, with Wedbush\u2019s Scott Devitt naming the stock a \u201cbest idea\u201d and Loop Research\u2019s Rob Sanderson mapping out a path to a $200 price target. Shares were trading Thursday north of $138.<\/p>\n<p>And the company announced late Wednesday that it was embarking on an enhanced collaboration with Shopify Inc.<br \/>\n        SHOP,<br \/>\n        <bg-quote field=\"percentchange\" format=\"0,000.00%\" channel=\"\/zigman2\/quotes\/201409449\/delayed\" class=\"positive\">+8.07%<\/bg-quote><\/p>\n<p>        SHOP,<br \/>\n        <bg-quote field=\"percentchange\" format=\"0,000.00%\" channel=\"\/zigman2\/quotes\/209033712\/composite\" class=\"positive\">+9.35%<\/bg-quote><br \/>\n       through the launch of a \u201cBuy with Prime\u201d app for Shopify merchants that makes it easier for merchants to offer customers the option to leverage Prime benefits around shipping and fulfillment. <\/p>\n<p><strong>Read<\/strong>: Shopify\u2019s stock pops after latest Amazon collaboration<\/p>\n<p>\u201cFrom the\u00a0Amazon\u00a0viewpoint, while they seemed reticent to enter into revenue-sharing agreements and cede payment processing to Shopify in the past, the compromise recognizes Shopify\u2019s strong competition position among SMBs [small- and medium-sized businesses], and that native integration with Shopify\u2019s platform could make Buy with Prime a more compelling option for merchants,\u201d Baird analyst Colin Sebastian wrote in a Thursday note to clients. <\/p>\n<p>\u201cIt also helps\u00a0Amazon\u00a0gain further penetration with the\u00a0Amazon\u00a0Payments digital wallet, one of the goals of the Buy with Prime program,\u201d he added.<\/p>\n<\/p><\/div>\n<\/div>\n<p>Read the full article <a href=\"https:\/\/www.marketwatch.com\/story\/amazons-stock-heads-toward-longest-monthly-winning-streak-in-12-years-662545eb?mod=investing\" target=\"_blank\" rel=\"noopener\">here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Amazon.com Inc.\u2019s shares are on track to notch their sixth month in a row of gains, which would make for their longest monthly winning streak in over 12 years. The last time Amazon\u2019s stock AMZN, +2.52% gained for six consecutive months was the period that ended in July 2011, according to Dow Jones Market Data. [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":55300,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"video","meta":{"footnotes":""},"categories":[239],"tags":[83],"class_list":["post-55299","post","type-post","status-publish","format-video","has-post-thumbnail","hentry","category-investing","tag-featured","post_format-post-format-video"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v20.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Amazon\u2019s stock heads toward longest monthly winning streak in 12 years | iFintechWorld<\/title>\n<meta name=\"description\" content=\"Amazon.com Inc.\u2019s shares are on track to notch their sixth month in a row of gains, which would make for their longest monthly winning streak in over 12\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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