Amazon (AMZN) Stock Analysis | Why Amazon Is SOARING After Q4 Earnings

Today we take a look at #Amazon #AMZN #Stock which reported Q4 earnings today after the market close. Amazon stock is going higher, up over 14% after reporting a huge profit in its Rivian investment and an acceleration of its Amazon Web Services (AWS) business.

Overall, Amazon’s e-commerce business not only slowed from a growth perspective, but the business unit actually lost money in the most recent quarter. Across the board things look weak for that business unit. However, Amazon announced a price increase for Amazon Prime members, which should increase operating profits in the coming quarters.

The company did see an acceleration in AWS - to 40% revenue growth and strong profits. It’s likely investors are thinking e-commerce will reaccelerate which will put this company in a great position heading into 2022.

From a technical perspective - the company broke through 2 areas of resistance - and that should be a bullish sign for Amazon’s stock price in the short term.

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