💎Amazon + Snap great run 💎

🎢Amazon: A fertile growth💵

The company delivered a robust fourth-quarter result that reflects a healthy expansion in AWS cloud and its booming advertising business. It comes as a relief for investors who are worried about the weak numbers by Meta Platforms. 

The stock jumped in the after-hour trading and reversed a nervous decline of about 8% during the regular trading hours. However, the stock is still down for the year with the current rally. Notably, Amazon is also increasing its Amazon Prime membership fee for the first time since 2018, effective on 18 Feb for new members. 

While the result does show some weakness in core online business, it was not as poor as expected. Online stores sales were down 1% compared to a year ago. The AWS cloud business was up 40%  to hit a revenue of $17.8 billion. Advertising business revenue jumped to $9.7 billion, were ahead of the forecast of $9.4 billion. 

Pika World will be exploring an entry point for the company. 

🪜Snap: You got it right!📱

A surprise profit is all it takes for the company to “snap” back in after-hours trading. This alleviates the fear of Apple iOS mobile privacy changes on its business as Meta Platforms dismay performance evoke a shadow among social media stocks. 

Revenue jumped 42% over the past year, and daily active users rose 20% for the quarter to hit 319 million. Given such robust figures, the stock is rocketing upwards. Moreover, their enhanced investment in augmented reality could alter how the Snapchat community experiences in the years to come. 

Pika World will not be adding any positions on the social media chat. We remain defensive after reducing many counters, including Pinterest, which just reported a good result, too (hindsight, could have kept it, but that’s trading and investment adjustment).

It is the job data day, and we look forward to a good closing for the week!