HJBC
- Amazon’s shares have been depreciating due to market correction and mixed earnings report, but have started to recover near $160 per share.
- Amazon has growth catalysts across the world, but faces macro risks and competition from Chinese marketplaces.
- Despite potential for growth, Amazon’s stock offers little margin of safety, making it a HOLD at best for investors.
After briefly reaching the $200 per share level, Amazon’s (NASDAQ:AMZN) shares have been mostly depreciating since the middle of July, primarily due to the overall market correction and the mixed earnings report that the company released a few weeks ago. While shares have recently started to gradually recover after finding a support level of around $160 per share, they are still far away from reaching the all-time levels anytime soon. Even though the company has several major growth catalysts going for it, the rising macro and China-related risks coupled with the minimal margin of safety make Amazon only a HOLD at this stage.
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