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Barchart

Mark R. Hake, CFA

Amazon Attracts Investors Ahead of Prime Day (Oct. 11 and 12)

Amazon Amazon.com Inc. Prime Day Barchart

Amazon (AMZN) stock looks attractive to some investors ahead of Prime Day on Oct. 11 and 12, 2023. AMZN stock is at 2.3x sales and 42x next year's earnings. Short-put plays also look like a good bet here for extra income for existing AMZN stockholders.

This is based on the belief that Amazon will report positive free cash flow (FCF) for the 12 months ending Sept. 30. as it did for Q2. In fact, I discussed this in my Aug. 4 Barchart article, “Amazon Stock Soars as It Returns to Positive Free Cash Flow, But It's Still Cheap.”

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