The Latest Breaking News from Amazon.com Inc.

A large unusual options position was taken yesterday in Amazon calls that are deep in the money and expire 4 months out. This shows that the large investor has deep faith in Amazon's turnaround.

Amazon stock is slowly rising ever since the April 27 release of its Q1 results. Confidence that it is making positive free cash flow is growing. This makes shorting puts and calls very profitable.

Amazon reported excellent results, with higher revenue and free cash flow for Q1 2023. This has made AMZN stock popular again with value investors as they project positive FCF going forward.

Amazon reversed lower late slowing on cloud computing growth. Cloudflare and Snap are the latest huge earnings losers. Megacaps led Thursday's market rally but the gains were broad-based.

June S&P 500 futures (ESM23) are up +0.46%, and June Nasdaq 100 E-Mini futures (NQM23) are up +0.79% this morning as market participants digested consensus-beating results from Meta Platforms while awaiting U.S. GDP reading to gauge the strength of the U.S. economy.

Demand for highly profitable cloud-computing services has slowed as businesses cut spending due to economic uncertainty. As a result, earnings for Amazon.com (AMZN ) and Microsoft (MSFT ) may be affected when they report their quarterly results next week. Analysts are projecting the slowest revenue growth for both companies’ cloud-computing...

The short-term put has implied volatility of 56.3%. But the longer-term put holds a lower ratio at 45.1%.

Amazon stock jumped Thursday as the e-commerce giant made its move into the field of artificial intelligence, joining Alphabet and Microsoft.

The slowdown in cloud computing sales growth is expected to worsen when March-quarter earnings come in for Amazon, Microsoft and Google.