1 Green Flag for Amazon in 2023, and 1 Red Flag
Amazon (NASDAQ: AMZN) shares have been on the rise in 2023, up 63% so far this year. However, they have really gotten a boost more recently. Since the company reported its Q3 results, the stock climbed 14%.
The e-commerce and cloud computing juggernaut beat Wall Street estimates, posting revenue of $143.1 billion and diluted earnings per share of $0.94 for the three-month period that ended Sept. 30. This is definitely something shareholders want to see, especially in the uncertain economic environment.
There's one aspect of the business that is showing strength, while another key segment may be starting to worry investors. To gain a complete understanding of both the bull and the bear arguments, let's consider one green and one red flag with this FAANG stock.
Source Fool.com
