Amazon's Downfall - what the signals say

Meanwhile, TSLA, LEVI, and IBM all impress on earnings ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ Amazon (AMZN) has long looked invincible... It's transformed (and arguably replaced) downtown retail stores. It's one of the biggest cultural creators in the world, with its streaming service backing some of the most popular television programs and movies. It's also managed to seize parts of iconic IP's, most notably some of J.R.R. Tolkein's "Lord of the Rings" mythos. (The Rings of Power and its quality as a show is a separate question.) Just a few days ago, Amazon announced "Rx Pass," which means that Prime members will be able to get supplies of generic drugs which they might need to treat about 80 different medical conditions. We can expect that this service will grow with time. Amazon Cloud Services has become a pillar of the modern economy and the company is investing another $35 billion in Virginia by 2040. Yet the company is also facing problems. Amazon warehouse workers are on strike in the United Kingdom. About 300 workers walked out in the first strike in that area, though the company is insisting it has had "zero impact" on customers. Amazon recently had to cancel its Amazon Smile charitable giving program, saying that it needed to contain costs. Aside from giving the company some bad PR, this move was an admission of weakness. Microsoft's reported weaknesses in its cloud computing department are also beginning to weigh on Amazon too, with some analysts giving the stock a downgrade. Especially with the United States government now openly seeking the breakup of Google, this is a welcome reminder that nothing can be taken for granted. Yesterday's corporate titan is nothing but a fossil tomorrow. In this market, it's all about mobility, liquidity, and constantly looking to the future. To that end, in today's column, I break down some of the things happening with Amazon's stock. Earnings are coming up early next month - this is a useful guide not just into one of America's most influential companies, but a tutorial about what to look for when it comes to any stock, especially a so-called blue chip... If there even is such a thing anymore. In this market, I doubt it. Keep Moving, PS. While the market sank 6%, you could have closed December out with a PROFIT of $18,500…with only $1,000 deployed on each of my trades - including our very few losses. While many others have joined the TradeCommand Network for $2,997 a year, you can try Chris Hood’s’ strategies for ONLY $97. [Click here now for the full details.]( ) WORD ON THE STREET LEVI, IBM and TSLA All Beat Expectations - IBM Turns Back Doomers - Surprising analysts, IBM met expectations on earnings and came in higher than expected on revenue. Strong showings from its software and infrastructure divisions were responsible. However, the company is still planning on laying off about 3,900 people. Unfortunately, as Churchill observed, capitalism is all about that unequal sharing of blessings - but it still beats the equal sharing of misery. - LEVI Beats Expectations For Fourth Straight Quarter - I suppose it creates a philosophical problem. If you come to expect this, is it no longer unexpected? For the fourth straight quarter, Levi Strauss beat the consensus estimate on quarterly earnings, this time posting $0.34 per share as opposed to the $0.30 expected. LEVI is currently outperforming the S&P 500 in 2023 by about 3%. LEVI was up more than 6.4% in after-hours trading - The TecnoKing Keeps His Crown - A lot of people are looking for Elon Musk to disappoint, but they are just going to have to keep waiting. Tesla beat expectations on revenue and earnings per share, posting yet another record high. Adding to the good news, the long-awaited "Cybertruck" will begin production this year. TSLA was up by more than 5.4% in after-hours trading. - Toyota CEO Steps Down - Akio Toyoda will no longer be president and CEO of Toyota Motor Corp, instead becoming "chairman." The new CEO will be Koji Sato. While Toyoda is the grandson of the company's original founder, he's mused on a new direction for the company in recent years, saying the new leader will require "youth, energy, strength." We'll see if Sato has what it takes. HOT SPOTS: What's Going on in Geopolitics - Russia Rages Against Tank Decision - Moscow is furious about the decision by the United States and other Western nations to arm Ukraine with heavy weaponry. "This extremely dangerous decision takes the conflict to a new level of confrontation," said Russia's ambassador to Germany, "and contradicts statements by German politicians about the unwillingness of the German Federation to get involved in it." Russian media personality Vladimir Solovyov said that Russia should "send a clear, resolute message that we now consider Germany a direct party to the conflict, rekindling memories of [World War Two.]" - Ukraine Wants F-16s – While Ukraine welcomed the promise of Abrams tanks and Leopard 2 vehicles, Kyiv says it is not enough. "We will do everything possible to ensure Ukraine gets fourth-generation fighter jets as soon as possible," said Yuriy Sak, an adviser to Ukraine's defense department. - Russian Ship With Hypersonic Missiles Drills In The Atlantic - The Admiral Gorshkov, a frigate armed with Zircon hypersonic missiles, has completed a drill in the Atlantic Ocean intended to send a message to the United States. However, it's not done there - it's heading to South Africa where it will train alongside the South African and Chinese navies in exercises that have greatly concerned Washington. Chief Investment Strategist, Adam O’Dell, says we’re witnessing a new oil boom that is STILL just in its infancy. Because Adam says there’s a convergence of multiple geopolitical and economic factors coming together in 2023…that will create a brand-new SUPER BULL in oil… That could send prices higher than any previous peak in history. [Click here to get all the details on]( ) [Adam’s top oil stock of 2023]( ) CUTTING EDGE: What[']( )s Happening In Tech - Backup Passwords Stolen In Hack - The whole point of LastPass is that you shouldn't have to worry about your passwords. Well, time to worry. GoTo, the parent company, said that among the information stolen in a recent hack were the encrypted backup passwords of customers - not to mention the encryption key the company used to secure the data. What is this company even for again? - WalMart Invests In India – While Amazon is facing a strike in the United Kingdom, Walmart is moving to increase its own online retailer presence overseas. WalMart is reportedly preparing to invest $2.5 billion in India. While Amazon has spent about $9 billion to try to capture the market of the world's largest democracy, WalMart has already spent more than twice as much to secure the lead in e-commerce and payments. - Sen. Josh Hawley Introduces Legislation To Ban TikTok - The Missouri Republican, who seeks to define himself as a populist on regulating Big Tech, has formally introduced legislation in the Senate that would totally ban TikTok from all devices nationwide. In the House, he has support from both fellow Republican Mike Gallagher and Democrat Raja Krishnamoorthi. Members of both parties are concerned about the possible security dangers posed by the massively popular app because of the access it could potentially give the Chinese Communist Party to Americans' private security information. Banned in the USA? FOR YOUR CONSIDERATION --------------------------------------------------------------- "Looking at the share price, Spaceman Jeff may have left the Amazon (AMZN) CEO chair at the best time…" "… down -32.72% over the last year." One of a company's most vulnerable times is when its founder and guiding spirit moves on. Now, with Jeff Bezos focusing on space, Amazon finds itself facing new challenges... and it might not be up to them. Corey breaks down the technical signals hitting this most important of stocks just a week or so before earnings. [DOES AMAZON NEED JEFF BEZOS BACK?]( ) Enjoying Dawn Report? Learn something, made some money? SHARE YOUR STORY WITH US OR TELL US HOW TO SERVE YOU BETTER. Let us know at info@rogueinvesting.com You’re receiving this email because you're signed up for alerts from Dawn Report. Make sure to keep them coming by [whitelisting Rogue Investing]( ). The information in this email is intended for informational purposes only and does not guarantee specific results as there is a high degree of risk involved with trading. Also, our traders are real traders and may have financial interests in the companies discussed. Please see our [Terms and Conditions]( ) for more information. 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