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.
United States United States Latest News, United States United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: CNBC - 🏆 12. / 72 Read more »
Source: CNBC - 🏆 12. / 72 Read more »
Source: CNBC - 🏆 12. / 72 Read more »
Source: CNBC - 🏆 12. / 72 Read more »