亚马逊(AMZN)财报云业务“火线救主” 能否凭一己之力稳住摇摇欲坠的大盘？

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FX168財經視頻欄目 Oct 27, 2023 14:13 · 3127 Views

美国股市周四继续走低，科技股领跌导致纳指进一步陷入回调区域。个股方面，今天我们重点来看看公共云三巨头中最后公布财报的亚马逊，看看他们盘后的最新财报给投资前景、包括行业前景带来了多大的影响？

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Transcript

00:00 Hello
00:00 Today is Thursday, October 26, 2023. Welcome to the US stock market every day
00:04 Hello everyone, I'm Chen Wei, financial analyst at FX 6 & 8 Finance Group
00:08 What about the US stock market
00:08 Technology stocks continued to decline on Thursday, leading the decline, leading to the NASDAQ
00:11 It has further fallen into the pullback zone. What about tech giants' stock prices
00:14 After earnings were reported, the overall investment sentiment in technology stocks was suppressed
00:19 In terms of individual stocks
00:20 Today, let's focus on Amazon, which was the last of the big three public cloud companies to release financial reports
00:25 Take a look at their latest after-market earnings report. How much impact it has had on investment prospects, including industry prospects
00:31 Let's look at financial reports first. In the third quarter, their revenue stabilized above 140 billion US dollars and reached 143.08 billion US dollars
00:38 A year-on-year increase of 13%
00:39 Not only did it maintain month-on-month growth, and the year-on-year growth rate also showed a fourth consecutive quarter of accelerated growth
00:45 As can be seen, Amazon has gradually emerged from the risk impact of a high interest rate environment
00:50 This is a good thing
00:52 As can be seen, in the third quarter, China's e-commerce business was indeed boosted by seasons, including Prime Day
00:59 Also, there is the profit issue that everyone is worried about. This year's drastic cost reduction and various actions focused on increasing profits
01:05 Good results have been obtained in this financial report, reflecting advertising logistics services and computing power sales
01:11 These, uh, more profitable services are beginning to help the entire company's profitability
01:16 It has made up well for the negative impact of the decline in e-commerce business profits
01:20 The operating profit of 11.19 billion US dollars clearly exceeded market expectations of 7.71 billion US dollars
01:25 Earnings per share for the third quarter reached $0.94
01:28 Far beyond the market
01:29 The expected $0.58
01:31 However, although the performance this time was pretty good, it was the same as the one I shared before
01:35 This financial report also shows
01:37 Although the fourth quarter is the traditional peak sales season, this time as American consumers run out of excess savings
01:43 Also, the decline in disposable income in an environment of high interest rates, and the arrival of peak sales season
01:48 It will help boost consumption, but one prerequisite is that e-commerce platforms and retail sellers must offer stronger discounts
01:56 What about previous Adobe online sales reports
01:58 According to predictions
01:59 This time, Amazon's official statement also indicated that customers are cautious about prices
02:05 Therefore, the e-commerce sector can help Amazon continue to reap steady revenue growth
02:09 As they predicted themselves, what about fourth-quarter revenue
02:12 It should stay between $160 billion and $167 billion
02:17 Growth momentum in recent quarters
02:19 However, compared to the market's estimate of 166.6 billion US dollars
02:22 It's still not outstanding, but what about operating profit
02:24 The forecast is 7 billion US dollars to 11 billion US dollars, the expected median value, and the market's expected 80
02:29 710 million US dollars is basically about the same. These are things to watch out for
02:34 But having to say that, e-commerce is still the core of Amazon, that's true
02:37 But compared to Google and Meta, the difference in reliance on ad revenue
02:41 The contribution brought by Amazon's cloud business is getting bigger and bigger
02:44 That means diversity is starting to get better
02:47 Next, let's take a look at the cloud business. This is also the highlight of this financial report
02:51 Amazon's cloud division, or AWS, one of the three major public clouds
02:55 Third-quarter revenue reached $23.1 billion, up 12% year over year and
02:59 What about the overall revenue growth rate
03:00 Maintaining basic consistency, but the important thing is that the profit margins in this division are really high
03:05 Operating profit, uh, is close to 7 billion US dollars, which is about 1.3 billion US dollars higher than expected by the market
03:10 And usually, the profit of AWS is higher than that of Amazon
03:14 The sum of the other divisions was no exception, and AWS's operating margin reached its highest level since the first quarter of 2022
03:21 It can be seen that the profitability of AWS is once again reflected
03:25 Not only did it continue to stabilize Amazon's ability to make money, but it also made up for being able to make up for it
03:29 Anticipated electricity
03:30 The problem of declining commercial profit margins, at the same time, they are also temporarily relieved through their performance
03:35 Alleviating people's concerns about the overall cloud computing sector
03:38 Because of the difference in performance between Microsoft and Google before
03:41 It has once again ignited people's concerns about this sector
03:44 And we also know that cloud computing is currently for people in the field of software and the Internet
03:49 The field of industrial intelligence computing power is a very important sector
03:52 Let's put it this way. If this sector performs well, the overall technology stock sector will be greatly supported
03:57 Therefore, everyone is also waiting for Amazon aw
03:59 Report card, although in the end, the growth rate this time was slightly lower than expected
04:03 But the good news is that profit performance is strong enough, plus CEO Andy Jassi
04:07 A conference call also confirmed that the cloud business has stabilized and is beginning to recover from the bottom
04:12 He also said that Amazon recently signed a number of deals. These deals have already taken effect at the beginning of this quarter
04:18 It can be seen that the difficult period for the cloud computing sector is probably over
04:22 This has supported investment confidence
04:24 Overall, this financial report is considered a timely rain
04:27 Although Amazon alone may not be able to reverse the recent overall decline in technology stocks
04:32 But the good thing is, if this can drive the overall performance of the cloud computing sector
04:37 Instead, it is likely to support market sentiment, so
04:40 Stable market performance is worth looking forward to by investors
04:44 And Amazon itself, considering it's the same as Google Meta
04:47 They all belong to the top seven technology companies that are less affected by geopolitical risks
04:51 Therefore, with the performance of financial reports, it is expected to attract more
04:54 The disguised hedge, the influx of buying
04:56 But I still need to remind you that Amazon's valuation is still relatively expensive
05:00 But the good news is that the recent decline has gradually rationalized stock prices that are reasonably valued
05:04 It's still around $141, so even if you count the post-market rally
05:08 There is also room for discounts, and at the same time, the price-earnings growth rate is PEG
05:11 Now compared to 2.57 at the end of September, it has also fallen back to around 2.24
05:15 Therefore, valuation is still a bit risky, but it has been mitigated quite a bit
05:19 If we can rely on the performance of financial reports, the stock price will return to $122.58
05:23 Above this support level is expected to open up short-term upside
05:27 Open 132, the 50-day and 100-day average
05:30 If you are interested in the interchange, you can pay attention
05:32 But finally, let me explain the significance of Amazon's earnings report for technology stocks as a whole
05:37 It's probably bigger than they are
05:40 What about tomorrow
05:40 In terms of economic data, there is no doubt that the most important thing we need to pay attention to is the US PCE price index
05:45 This inflation indicator, which is most popular by the Federal Reserve, will directly affect the Federal Reserve's interest rate prospects
05:50 It will also directly affect the yield and overall US stock investment sentiment performance
05:55 Also, tomorrow you can also pay attention to the Consumer Confidence Index
05:58 For some retail sectors, ah, stocks related to the economic cycle
06:01 It will also have an important impact
06:02 Also, that is the number of oil rigs in the US
06:04 Also, interested friends can follow up on the US White House press conference tomorrow
06:09 This will also have a certain impact on overall market sentiment
06:12 In terms of financial reports, the four companies' financial reports are important tomorrow
06:14 I think it's worth paying attention to. They are ExxonMobil, Chevron, and Avvie
06:18 As well as an air cap
06:19 OK, that's all for today. Thanks for watching FX 68
06:22 For more information, please download the FX 68 Finance App from the Apple Store or Google Play Store
06:27 Thank you all, see you tomorrow