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Amazon Stock Forecast: Launching Amazon Prime In China Is A Long-Term Tailwind

The article was written by Motek Moyen Research Seeking Alpha’s #1 Writer on Long Ideas and #2 in Technology – Senior Analyst at I Know First.

Summary:

Amazon’s stock price dropped by more than 7% this October. I say it is a good buy-on-the-dip opportunity.
I am not worried about the Q3 earnings miss. Amazon’s core business model is to prioritize revenue growth over EPS.
The launch of Amazon Prime in China is another master stroke move from Jeff Bezos. China is still the biggest growth driver for retail e-commerce.
Giving away Prime Membership accounts for just 388 Yuan/year ($57) could help Amazon compete better with Alibaba and JD.com.
Amazon’s stock has buy signals based on its algorithmic forecasts.