As September 19, 2023 approaches, the author of this unpublished article is captivated by the ever-present competition between European (VGK) and Japanese (EWJ) values. Since the start of 2021, these two markets have been engaged in a fierce battle, with neither showing clear dominance. However, the author believes that a potential change could be on the horizon if the ratio moves below the support of a rounded higher formation. This could potentially mean a significant period of outperformance for Japanese stocks relative to their European counterparts.
For investors looking to gain exposure to the Japanese stock market, the iShares MSCI Japan ETF (EWJ) presents itself as a viable option. This ETF is designed to reflect the performance of an index composed of Japanese stocks. Not only is it the oldest Japanese ETF, but it also has the largest assets under management and is very liquid.
Conversely, investors looking for exposure to European stocks can look to the Vanguard FTSE Europe ETF (VGK). This particular ETF aims to track the FTSE Developed Europe All Cap Index, which serves as an unmanaged benchmark for stocks in developed European markets.
While these ETFs provide opportunities for investors, it is essential to recognize that investing in these ETFs comes with its share of risks. The potential loss of capital is a possibility that should not be overlooked. Therefore, it is imperative that investors carefully consider the investment objectives, risks, charges and expenses associated with an ETF before making any investment decision.
Updated on: 09/19/2023
5:00 p.m. (UTC)
Date: September 19, 2023
|Analyst / firm||Rating|
Amazons (AMZN) Stock Fluctuates September 19, 2023: Impressive Profit Growth and Market Dominance in the Retail Sector
September 19, 2023 Amazon (AMZN) stock experienced fluctuations throughout the trading day. The previous day’s closing price for AMZN was $139.95. The stock opened lower on September 19 at $138.71. The day’s range was $135.57 to $138.79, indicating volatility. Trading volume was 2,051,835 shares, lower than the average volume over the past three months. Amazon has a market capitalization of $1.4 trillion. The company saw a significant decline in profits last year but showed a remarkable turnaround this year with a growth rate of +696.87%. Analysts predict a positive trajectory for Amazon with an expected earnings growth rate of +61.42% over the next five years. Revenue growth was +9.40% last year. Amazon’s price-to-earnings (P/E) ratio is 108.9, price-to-sales ratio is 1.67, and price-to-book ratio is 9.85. As of September 19, 2023, AMZN’s stock performance was influenced by factors within the retail industry, particularly the Internet retail industry. The performance of other companies in the sector has also impacted Amazon’s stock price. Amazon’s next reporting date is scheduled for October 26, 2023, with analysts forecasting earnings per share (EPS) of $0.41 for the current quarter. Despite the fluctuations, Amazon’s impressive profit growth, positive revenue growth, and strong market capitalization indicate its dominance in the retail sector.
Amazon.com Inc Stock Forecast: Analysts Predict 27.49% Increase in Price Target
As of September 19, 2023, Amazon.com Inc (AMZN) stock had a median price target of $175.00, based on 45 analysts offering 12-month price forecasts. The high estimate was $230.00, while the low estimate was $136.00. This median estimate represents a significant increase of 27.49% from the last recorded price of $137.27.
The consensus among 53 investment analysts surveyed was to buy shares of Amazon.com Inc. This rating has remained stable since September, indicating continued confidence in the company’s growth and profitability potential.
Amazon.com Inc is a global e-commerce and technology company that has achieved enormous success over the years. It has revolutionized the way people shop and has expanded its business into various industries, including cloud computing, digital streaming and artificial intelligence.
The company’s stock performance as of September 19, 2023 reflects the positive sentiment surrounding Amazon.com Inc. With a median price target of $175.00, analysts are optimistic about the company’s future prospects. This positive outlook is likely due to several factors, including the company’s strong financial performance and its continued innovation and expansion efforts.
During the current quarter, Amazon.com Inc reported earnings per share of $0.41, indicating a profitable quarter for the company. Additionally, the company recorded revenue of $138.3 billion, demonstrating its ability to generate significant revenue.
Investors and analysts are eagerly awaiting the next reporting date of October 26, when Amazon.com Inc will release its financial results for the quarter. This will provide additional information about the company’s performance and could impact its stock price.
Overall, the consensus among investment analysts is to buy shares of Amazon.com Inc, reflecting their confidence in the company’s ability to generate strong financial results and drive future growth. With a median price target of $175.00, the stock price is expected to rise significantly in the coming months. However, investors should carefully consider their own investment objectives and risk tolerance before making any investment decision.