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Amazon Stock Forecast: 2020, A “Prime” Investment year

This AMZN stock forecast article is written by Hao Liu, Financial Analyst at I Know First.

Various growth verticals together with new market penetrations will allow Amazon emerge from the pandemic stronger.
The company will face challenges but they are estimated to be manageable.
Despite a potential bearish scenario in the short term, we recommend BUY AMZN in the long term.

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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.

Investors should increase their long-term position on Microsoft.
Microsoft outplayed IBM, Amazon, and Google. Microsoft recently won the hotly contested 10-year $10 billion U.S. Joint Enterprise Defense Initiative or JEDI cloud-computing contract.
Going forward, this contract win can add $1 billion/year in new revenue to Microsoft’s fastest-growing segment, Intelligent Cloud.
The halo effect of the JEDI cloud computing contract victory will attract more enterprise/government customers away from Amazon Web Services.
The U.S. government’s JEDI contract obviously needed the best security and reliability. Microsoft Azure’s reputation therefore was greatly enhanced from this contract win.

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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.

In spite of Trump’s attack against Amazon, I am endorsing the company as a good long-term investment.
Amazon Web Services is the undisputed leader in cloud computing infrastructure services. It has a good chance to win the $10 billion contract from the U.S. Defense Department.
The 100 million-strong Amazon Prime subscribers’ army also makes Amazon’s leadership in e-commerce invidious and indomitable.
Amazon doesn’t need Flipkart. It already has a strong presence in India. The new international shopping feature of the Amazon mobile app is also a global tailwind for Amazon.
AMZN has bullish 90-day and one-year algorithmic market trend forecast from I Know First.

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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.

Amazon Game Studios recently cancelled its in-development Breakaway fantasy sports video game. It doesn’t mean Amazon is quitting the $170 billion video games industry.
Breakaway was likely only a showcase/demo title to demonstrate the all-in-one package capability of its Lumberyard game engine.
Amazon Game Studios will continue developing its other two games, Next World and Crucible. Crucible is currently a Battle Royale game that’s testing a 12-player limit.
Amazon has invested more than a billion dollars buying Twitch, Double Helix Games, and CryEngine license. Making its own Twitch-optimized games helps improve Amazon’s advertising business.
I Know First has negative market trend scores for AMZN. Wait for a cheaper entry-point before you take a long-term position on this stock.