Bullish option flow was detected in Amazon.com $AMZN stock on November 11, 2022.
Bullish Option Flow In $AMZN Stock
Make sure to review this lesson on option flow so that you understand the image above.
Amazon reveals new design for Prime Air’s delivery drone due 2024
On November 10, 2022, Amazon staff posted the following statement, “We’re now introducing our next generation delivery drone: the MK30. Due to come into service in 2024, this drone will be lighter and smaller than the MK27-2, the drone that will be making deliveries in Lockeford and College Station. The MK30’s increased range, expanded temperature tolerance, safety-critical features, and new capability to fly in light rain will enable customers to choose drone delivery more often…We know our customers will only feel comfortable receiving drone deliveries if they know the system is safe and reliable. Our drones can encounter new, unexpected situations and still make safe decisions-autonomously and safely. We’ve created a sophisticated and industry-leading sense-and-avoid system that will allow our drones to operate at greater distances while safely and reliably avoiding other aircraft, people, pets, and obstacles…We’re now introducing our next generation delivery drone: the MK30. Due to come into service in 2024, this drone will be lighter and smaller than the MK27-2, the drone that will be making deliveries in Lockeford and College Station. The MK30’s increased range, expanded temperature tolerance, safety-critical features, and new capability to fly in light rain will enable customers to choose drone delivery more often.” Source: https://www.aboutamazon.com/news/transportation/amazon-prime-air-delivery-drone-reveal-photos
Amazon launches cost cutting review, WSJ reports
On November 10, 2022, the Wall Street Journal reported that Amazon is looking at businesses that have not been profitable in order to cut costs. Amazon has told employees in certain unprofitable divisions to look for jobs elsewhere in the company, because the teams they were working on were being suspended or closed. “Our senior leadership team regularly reviews our investment outlook and financial performance, including as part of our annual operating plan review,” a company spokesman said in a statement. “As part of this year’s review, we’re of course taking into account the current macro-environment and considering opportunities to optimize costs.” Source: https://www.wsj.com/articles/amazon-has-launched-a-cost-cutting-review-focused-on-unprofitable-business-units-11668094823
Amazon’s operating margins could nearly double in 2023, says CFRA’s Arun Sundaram
Amazon $AMZN Stock Technical Analysis
Amazon $AMZN stock is in a downtrend. Long-term indicators suggest a continuation of the downtrend. The stock has done an impressive candle-over-candle turn.
