How we're trading AMZN right now

  Tuesday, March 21, 2023 [Twitter]( [YouTube]( Good afternoon, Reader, Silicon Valley has been hit much harder with layoffs than the wider economy where, for the moment, the labor market is still hot. Honestly, we shouldn't expect anything else from a sector built on debt - debt that's growing more expensive by the month. Even Amazon.com (AMZN), the world's second trillion-dollar corporation, hasn't been immune. In fact, back in November, it became the first company to shed $1 trillion in market value. So yesterday, we got word from CEO Andy Jassy that Amazon will cut another 9,000 workers across several divisions, including Twitch and Amazon Web Services. This comes on the heels of 18,000 job cuts back in November. Investors usually respond to word of layoffs with bullish enthusiasm - they read it as "the company is cutting costs, which is a good thing, which is a reason to buy." [AMZN is a very tradeable stock, so my colleague Mark Sebastian is going to look at what we should do about it - watch his recommendation right here.]( Garrett {NAME} Executive Producer, Money Morning LIVE   New to Trading? Start here for free!   As part of our free trading services, we offer the Money Morning LIVE Trade School, featuring a full suite of learning material to help you follow the stream. [Start learning to trade today](.   Check out our latest clip from YouTube! [[ratio]  ](   You are receiving this e-mail at {EMAIL}, as part of your subscription to Money Morning LIVE. To remove your email from this list, [unsubscribe here]( or manage your Money Map Press [Email Preferences](. To cancel, or for any other questions or requests, please contact our Customer Service team: [Online]( Phone: 888-384-8339 (North America) 443-353-4519 (International) Mail: Money Morning Live | Attn: Member Services | 1125 N Charles Street | Baltimore, MD 21201 Fax: 410-622-3050 Our Customer Service team is available Monday - Friday between 9:00 AM and 5:00 PM ET. © 2023 Money Map Press. All Rights Reserved. Nothing in this email should be considered personalized financial advice. Although our employees may answer your general customer service questions, they are not licensed under securities laws to address your particular investment situation. No communication by our employees to you should be deemed as personalized financial advice. We expressly forbid our writers from having a financial interest in any security recommended to our readers. All of our employees and agents must wait 24 hours after on-line publication or 72 hours after the mailing of printed-only publication prior to following an initial recommendation. Any investments recommended in this letter should be made only after consulting with your investment advisor and only after reviewing the prospectus or financial statements of the company. Protected by copyright laws of the United States and international treaties. This Newsletter may only be used pursuant to the subscription agreement and any reproduction, copying, or redistribution (electronic or otherwise, including on the world wide web), in whole or in part, is strictly prohibited without the express written permission of: Money Map Press. 1125 N Charles Street, Baltimore, MD 21201. [Website]( | [Privacy Policy]( | [Terms & Conditions](