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Stock Update: Amazon.com Inc (NASDAQ:AMZN) – How to Trade FANG Stocks — Facebook, Amazon, Google, Netflix — Plus Jim Cramer’s Take

[at TheStreet] – Beware of mixed technicals as earnings approach for FANG stocks, as Jim Cramer dubbed the Facebook, Amazon, Netflix and Google group. Here’s how to trade earnings volatility. Read more on this. Amazon.com, Inc. (AMZN) , valued at $346.09B, started the session at $739.33. Today, shares have traded between $733.04 and $739.60 per share with a trailing 52-week range being $434.15 to $739.60. Amazon (AMZN) shares are currently priced at 136.85x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s 19.67x earnings multiple for the same period. Consensus earnings for the current quarter by the 36 sell-side analysts covering the stock is an estimate of $1.10 per share, which would be $0.91 better than the year-ago quarter and a $0.12 sequential increase. Furthermore, our analysis shows the full-year EPS estimate to be $5.39, which would be a $4.14 improvement when compared to the last year’s annual results. The quarterly earnings estimate is predicated on a consensus revenue forecast of $29.54 Billion. If reported, that would be a 27.44% increase over the year-ago quarter. Recently, Maxim Group Initiated AMZN at Buy (Jun 23, 2016). Previously, Raymond James downgraded AMZN from Strong Buy to Outperform. With the above information in mind, readers should note that the average price target is $804.55, which is 8.82% above where the stock opened this morning. See more in (NASDAQ:AMZN) Similar Articles: Stock Update (NASDAQ:AMZN): Alphabet’s Google Takes on Amazon With New Smart Speaker Stock Update: Netflix Inc (NASDAQ:NFLX) – Facebook, Amazon Lead ‘FANG’ Stocks; Alphabet, Netflix Lag — Plus Jim Cramer’s Take Company Update (NASDAQ:AMZN): Google Express vs. Amazon Prime Now (GOOG, AMZN)
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