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Amazon.com, Inc. (AMZN): A Bull Case Theory

We came across a bullish thesis on Amazon.com, Inc. (AMZN) on Elliot’s Musings’ Substack by Elliot. In this article, we will summarize the bulls’ thesis on AMZN. Amazon.com, Inc. (AMZN)'s share was trading at $195.78 as of Nov 4th. AMZN’s trailing and forward P/E were 42.29 and 33.67 respectively according to Yahoo Finance.

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Amazon delivered a record quarter, with operating income reaching $17.4 billion—a 56% year-over-year increase, driven by robust growth in both North...