Amazon Leo Could Be A Catalyst That Gets The Stock Moving
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Thomas Carroll93 FollowersFollow5ShareSavePlay(10min)Comment(1)SummaryAmazon.com, Inc. needs a catalyst to break out of its yearlong consolidation.AMZN's rebranding of Leo just ahead of this rally in space stocks could serve as the catalyst the stock needs.Strong macro tailwinds, technical improvement, and fundamentals pointing to undervaluation all support a bullish outlook for a sustained rally.Long term, Leo could unlock a treasure trove of data to supercharge AMZN's advertising business while bringing more customers to the Prime and AWS ecosystems. Oselote/iStock via Getty Images Introduction Amazon.com, Inc. (AMZN) launched Project Kuiper in 2019, with the goal of establishing a constellation of over 3200 satellites that provide fast and affordable internet access globally. In November, Project Kuiper was rebranded to AmazonThis article was written byThomas Carroll93 FollowersFollowMy investing approach is very simple. I look at investments like tools with each one having different characteristics, capabilities, and risks. Nassim Taleb said something along the lines of "Don't tell me what you think. Tell me what is in your portfolio." In that spirit, I own low-cost index funds (think VTI, VOO, QQQ), U.S. T-Bills/Treasuries, investment real estate and just a small percentage of individual stocks. I select individual stocks to either fuel long term growth above the rate at which the index reasonably offers or to provide a higher level of income compared to investment real estate. My current individual stock holdings are AMZN, TSMC, EPD, TROW, and BMNR. I'm long only in all of these stocks except for TROW, against which I consistently sell covered calls. My articles generally focus on investments that I personally own or strategies that I employ. If I'm writing about something I don't personally own, I will state that upfront. By trade, I'm a real estate investor and broker. I hold an MBA from Maryland's Smith School of Business and write for Seeking Alpha because I find real enjoyment in it. It forces me to really think through my decision making and opens me up to feedback from the community. So, thank you for reading and thank you for your input!Analyst’s Disclosure:I/we have a beneficial long position in the shares of AMZN either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article. Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.