Amazon Remains The Ultimate Mega Cap Pick
Portfolio Pulse from
Amazon's Q3 EBIT increased by 56% YoY to $17.4 billion, showcasing its strong financials and growth potential. Despite positive momentum, Amazon is undervalued by 21.7%, making it a solid 'Buy'.
November 21, 2024 | 5:45 pm
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Amazon's Q3 EBIT increased by 56% YoY to $17.4 billion, indicating strong financial performance and growth potential. Despite recent positive momentum, Amazon is still undervalued by 21.7%, making it an attractive 'Buy'.
The significant increase in EBIT demonstrates Amazon's operational efficiency and ability to leverage its scale, which is a positive indicator for future profitability. The fact that Amazon is still considered undervalued by 21.7% despite recent gains suggests there is room for further stock price appreciation.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100