Billionaire investors like Warren Buffett and Bill Ackman are bullish on Amazon (NASDAQ: AMZN), with Ackman recently adding $1.28 billion worth of shares in Q2. Chase Coleman also increased his Amazon position by 62%, driven by the company’s rising margins.
Amazon’s revenue growth may seem slow at 13% YoY, but its operating profit growth is key for long-term success. AWS and advertising services are boosting profit margins, with AWS generating 53% of Amazon’s operating income in Q2.
The future looks bright for Amazon as AWS and advertising services continue to grow, improving operating margins. This positive outlook has led billionaire investors like Chase Coleman and Bill Ackman to add shares, making Amazon a solid investment choice. 1. The stock market experienced a sharp decline today, with the S&P 500 dropping 2.5% and the Dow Jones Industrial Average falling 600 points. Investors are concerned about rising inflation rates and the impact on corporate earnings.
2. The unemployment rate has decreased to 4.6%, the lowest it has been since the start of the pandemic. This is seen as a positive sign for the economy, as more people are returning to work.
3. The FDA has approved a new drug for the treatment of Alzheimer’s disease. The drug, called Aduhelm, has shown promising results in clinical trials and is expected to provide relief for the millions of people suffering from the disease.
4. A major cyberattack has hit a large technology company, compromising the personal information of millions of users. The company is working to address the breach and has advised users to change their passwords and monitor their accounts for any suspicious activity.
5. The housing market continues to boom, with home prices reaching record highs in many cities. Low mortgage rates and high demand have fueled the market, leading to concerns about affordability for first-time homebuyers.
6. A new study has found that air pollution is linked to an increased risk of developing dementia. Researchers have identified a correlation between exposure to air pollutants and cognitive decline, highlighting the importance of addressing environmental factors in brain health.
Read more at Nasdaq: These 2 Billionaires Just Loaded Up on Amazon Stock. Should You?