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3 Things That Could Get Amazon Stock Popping Again

These catalysts could pull AMZN stock out of the dumps

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Everyone should root for Amazon (AMZN) stock whether they hold it or not, so fingers crossed that this week’s highly hyped mystery launch gives Amazon stock the boost it so sorely needs.

amzn-stock-amazon-stockAfter all, with its $150 billion market cap, AMZN was once one of a handful of tech stocks that could carry the Nasdaq Composite on its back. But these days, Amazon stock is only weighing everyone down.

AMZN stock is down more than 18% for the year-to-date, and that doesn’t help anyone from Amazon investors to indexers. Thanks partly to the anchor that is Amazon stock this year, the Nasdaq is up less than 3%, lagging the S&P 500 by about 1.5 percentage points.

The issue with Amazon stock is that it trades on revenue acceleration — not earnings. Indeed, AMZN invests so much money back into the business it barely has any earnings. Sometimes it even manages to surprise Wall Street with a loss.

Keeping that top-line trajectory on track requires lots of fresh hype and pleasantly surprising data to help the market keep its faith that Amazon stock really is worth the crazy-high multiples it commands. Whether there’s any substance to the hype is almost beside the point. As long as Amazon can keep hope alive, it can deliver the upside investors are betting on.

It has been while since Amazon delivered any stock-popping catalysts (Prime Music didn’t do much for AMZN), but there are some events and developments that could get Amazon stock out of its funk.

Here are three things coming soon that could get Amazon stock moving again:

Article printed from InvestorPlace Media,

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