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Technology Stocks : Amazon.com, Inc. (AMZN)
AMZN 254.06+4.0%Nov 3 3:59 PM EST
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To: Glenn Petersen who wrote (164536)1/5/2023 9:53:59 AM
From: Iron Mick   of 164684
 
18K is just the start and isn't nearly enough.

Operating income decreased, net income decreased, operating cash flow decreased, free cash decreased. As consumer spending tightens even more this will put pressure on discretionary spending.
Fed G.19 report shows that outstanding revolving debt is rising & if we look at personal savings as a % of income it is declining.

Will be a tough time for Amazon going into H2 I expect.


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