We're adding to a tech stock we've been watching since a post-earnings stock decline

Shortly after the opening bell, we'll be buying 75 shares of Amazon at roughly $168. Following Monday's trade, Jim Cramer's Charitable Trust will own 750 shares of Amazon, increasing its weighting to roughly 3.9% from 3.54%. Now that we are no longer restricted, we can finally add to our Amazon position. We've been eyeing this buy since Aug. 2 after the stock fell roughly 10% in reaction to a second - quarter earnings report .

mountain Amazon YTD No analysts downgraded Amazon after earnings, but the quarter was not universally defended. Morgan Stanley lowered its price target to $210 and removed it as a Top Pick last week. The analysts cut their 2025 operating income outlook by 12% due to margin pressure from an increasing mix shift to lower average selling prices in retail and slowing advertising revenues cost to serve benefits.

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Jim Cramer's top 10 things to watch in the stock market FridayWatch Nvidia and Apple on Friday as Wall Street tries to extend its strong comeback rally in Thursday's session.
Source: CNBC - 🏆 12. / 72 Read more »

Jim Cramer's top 10 things to watch in the stock market ThursdayU.S. stock futures were down Thursday as market volatility shows no signs of letting up.
Source: CNBC - 🏆 12. / 72 Read more »

Jim Cramer's top 10 things to watch in the stock market WednesdayU.S. stock futures rose Wednesday as Wall Street looks to repeat the prior session's strong performance.
Source: CNBC - 🏆 12. / 72 Read more »

Jim Cramer's top 10 things to watch in the stock market TuesdayU.S. stock futures rose Tuesday after Monday's sharp market sell-off.
Source: CNBC - 🏆 12. / 72 Read more »