While enticed by strong performance of crypto currencies I still can't let go of my stock portfolio lol. Slowly increasing my exposure to cryptos but still have a long way to go!
$AMZN is one of stocks I hold. As a small shareholder of Amazon I want to keep being bullish on this stock. This is not a financial advice since I have little knowledge in financial analysis or investment strategy. Instead, this is more like my investment diary.
Amazon's quarterly result was out with disappointing figures due to recent supply chain issues. However, I still think Amazon is a good company since it still has strong name value in e-commerce, AWS seems to be doing great, and the investment they had made to the electric truck company Rivian looks right to me.
It is amazing how Amazon derives many businesses from their core business, e-commerce. AWS idea started from utilizing available servers which was for e-commerce, Ring was to improve securer deliveries of e-commerce, now Rivian to electrify logistics. This history makes me think that Amazon may keep being able to pull the new ideas out from their core business. So even if their e-commerce sales slows for a quarter or two, I feel comfortable with Amazon's long term opportunities.
I may be wrong but I am holding it for a long term and I'll see how they do!