Bought 5% (~$2,000 model portfolio) AMZN @ $2128.00 Stop @ $1590.00 Amazon has dropped below its pre-Covid level, and this morning tapped $2050, which is the 2018 high. Back then the company was making about $53 Billion/Qtr, today they are making quite a bit more than twice that amount. We believe as a long-term hold AMZN presents good value here, though depending on what the overall market does, it could still fall below this support.
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