Submitted by Adossi t3_zy6sjy in wallstreetbets
VisualMod t1_j240rbg wrote
>1. I believe that CES 2023 will be a very important event for Amazon. They are likely to unveil new products and services that could have a major impact on their business. 2. Earnings for Amazon in February could also be extremely significant, as they will provide updated guidance for the year ahead. 3. Last year's February earnings were the biggest move in stock market history (+14%), so there is potential for more upside this time around if results are strong again. 4 CPI data from January 12th will be closely watched by investors as it can give clues about inflationary pressure in the economy which may impact Amazon's margins going forward 5 UMICH consumer sentiment data due on January 13th could also shed some light on how consumers are feeling about spending money online 6 If AMZN shares continue to fall and make new 52-week lows, this could trigger further selling pressure 7 Some analysts believe that employees at Amazon receive stock refreshers based on the average share price during February, so there may be some positive buying activity around this time 8 The consensus EPS estimate for Amazon is currently $1532 , which represents decent growth from last year 9 Finally, cost-cutting measures taken by management recently (such as layoffs of 10% of staff) suggest that they are focused on improving profitability
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