Amazon: ‘We still like the stock.
There’s still a lot to like about Amazon (AMZN) stock, even though the company is having a rough year.

Amazon has had a rough 2022, during which the company’s stock is down more than 40 percent. The company is struggling with high inflation, rising rates and a slow advertising market, and recently announced that it would increase the number of layoffs in the corporate workforce from 10,000 to 18,000.

Nevertheless, Amazon is still moving in the right direction, according to the opinion. “We like that Amazon is investing in future technology, we like that they are investing in growth,” she said. “We don’t think it has to happen. We like the stock from here, today.”

The layoffs, Jones said, are not bad news for the company’s prospects.

“It’s a very small fraction of their workforce,” as Amazon’s total corporate workforce is about 300,000 people. We see this as “They’re starting to pay attention to operating income.” This is an area that investors are paying more and more attention to. They want Amazon to give better guidance on these metrics as they move through each quarter. So while we don’t think it will make a significant difference, we like that they’re paying attention to it and making cuts.”

In October, the company said it expected to generate between $140 billion and $148 billion in revenue for the year, falling short of analysts’ expectations.