AMAZON weekly special report based On 1.00 Lot Calculation:
GLOBAL E-COMMERCE:
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MARKET SIZE ($5.55 trillion in 2022): The e-commerce (online sales) market could be expected to total $5.55 trillion in 2022, accounting for 21% of total retail sales ($26.42 trillion). Two years ago only 17.8% of sales were made online.
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MARKETS SIZE (EXPECTED: $7.3 TRILLION IN 2025, UP 30% FROM 2022): The global e-commerce market is forecast to be over $7.3 trillion in 2025, compared to 2021’s $4.921 trillion. E- commerce worldwide could be expected to represent 24.5% of all global sales IN 2025, up from 19.6% in 2021 and 17.8% in 2020.
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MARKET SHARE BY COUNTRY: US is estimated to claim 19% of the global market, China 52.1%, UK 4.8% and Japan 3.0%. Rest of the world covers 21.1%.
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MARKET SHARE BY COMPANY AND BY SALES: Amazon accounts for 13% and Alibaba 24% of the globals e- commerce market. JD.com claimed 9.20% of the market.
US E-COMMERCE:
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MARKET SIZE ($1.4 trillion): The US e-commerce market was $1.4 trillion in 2021. The US market grew at 13% per year since 2017.
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MARKET GROWTH POTENTIAL (TO INCREASE BY 2025 TO $2.05 FROM CURRENT $1.4 TRILLION): U.S. e-commerce value could be expected to grow at a strong average growth rate (annually) of 10% between 2021 and 2025 to reach US$2.05 trillion in 2025. That would be 28% of estimated global e- commerce sales of $7.3 trillion in 2025.
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MARKET SHARE: Amazon is the largest online retailer in the US with 37.8% market share. Walmart is second capturing 6.3%, while Apple and eBay cover 3.9% and 3.5% respectively.
AMAZON (ANALYSIS AND EVENTS)
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THE COMPANY: Amazon is an American multinational technology company focusing on e-commerce, cloud computing, online advertising, digital streaming, and artificial intelligence.
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EVENT (March 3, Movie CREED III, delivering one of the best opening weekends ever for a sports-themed film). Amazon acquired the Hollywood studio Metro-Goldwyn-Mayer in 2022. MGM CREED franchise focuses on Adonis Creed, the son of the original Rocky challenger Apollo Creed. New film, Creed III had 87% approval from critics, according to RottenTomatoes.com. The picture took in $58.7 million in US and Canadian theaters and 43 millions dollars in international theaters
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AMAZON WEB SERVICES BEGINS COLLABORATION WITH ARTIFICIAL INTELLIGENCE COMPANY TO DEVELOP CHAT GPT COMPETITOR: Amazon has initiated collaboration with Hugging Face Artificial Intelligence company in order use Amazon Web Services for the development of Bloom, a direct competitor to Chat GPT. Bloom will also be run solely on Amazon Web Services own Trainium artificial intelligence chip.
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AMAZON TEAMS WITH T-MOBILE TO DEVELOP 5G INTEGRATION INTO ITS AMAZON WEB SERVICES: Amazon has moved to collaborate with T-mobile in order to integrate 5G technology into its Amazon Web Services. The integration may be expected to optimize its Amazon Web Services functions, improving efficiency of the company’s operations and cutting costs to continue revenue and profit improvement.
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AMAZON WEB SERVICES DOMINATE THE CLOUD MARKET, WITH 34% MARKET SHARE: Amazon Web Services dominate the cloud markets, ahead of Microsoft Azure(24%), Google Cloud (10%) and Alibaba Cloud (5%). The Cloud industry could be expected to grow at a compounded annual growth rate at 17.9% until 2028, to $791.49B, with Amazon Web Services set to maintain dominance. If Amazon Web Services maintains its 34% market share, it could generate $269B revenue per year from 2028.
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ANALYST OPINION: Morgan Stanley Upgrades price target of Amazon from $140 to $150. JP Morgan’s price target is $142. Wells Fargo is targeting $145. Citi is targeting $145. The Consensus Bloomberg price target is at $134.04.
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STOCK PRICE ACTION: Amazon stock made its all-time high of $185.97 in July, 2021. The stock currently trades around $94 which is around 50% below the record high. If a full recovery follows, the stock could increase around 97%. However, the price could decrease.
#AMAZON, March 6, 2023
Current Price: 94.00
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Amazon |
Weekly |
|
Trend direction |
|
|
110.00 |
|
|
107.00 |
|
|
104.00 |
|
|
86.00 |
|
|
84.00 |
|
|
80.00 |
Example of calculation base on weekly trend direction for 1.00 Lot1
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Pivot Points |
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Profit or loss in $ |
1,600.00 |
1,300.00 |
1,000.00 |
-800.00 |
-1,000.00 |
-1,400.00 |
|
Profit or loss in €2 |
1,505.13 |
1,222.92 |
940.71 |
-752.57 |
-940.71 |
-1,316.99 |
|
Profit or loss in £2 |
1,330.23 |
1,080.81 |
831.39 |
-665.11 |
-831.39 |
-1,163.95 |
|
Profit or loss in C$2 |
2,175.73 |
1,767.78 |
1,359.83 |
-1,087.86 |
-1,359.83 |
-1,903.76 |
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1.00 lot is equivalent of 100 units
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Calculations for exchange rate used as of 10:11 (GMT) 06/03/2023
Fortrade recommends the use of Stop-Loss and Take-Profit, please speak to your Senior Account ManagerClient Manager regarding their use.
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You may wish to consider closing your position in profit, even if it is lower than suggested one
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Trailing stop technique can protect the profit – Ask your Senior Account ManagerClient Manager for more details