3 Reasons to Bet on Amazon in 2023

Jeremy Bowman, The Motley Fool
·4 min read
3 Reasons to Bet on Amazon in 2023

2022 is shaping up to be Amazon's(NASDAQ: AMZN) worst year since at least the 2008 financial crisis. Revenue growth slowed due to difficult comparisons and macroeconomic headwinds, and profits declined as the company overexpanded during the pandemic. As a result, Amazon is now scrambling to cut costs, announcing that it would lay off 10,000 corporate employees; it's closing or canceling construction of dozens of warehouses, and pulling the plug on experiments like Amazon Care and Scout, its home delivery robot.

Continue reading
  • Up next
  • Up next
  • Up next
  • Up next

Latest Stories

  • Paramedics get high-tech helpers

    FORT FRANCES – “Cutting-edge technologies” are giving a boost to emergency care services in the Rainy River region. Joshua Colling, chief of Rainy River District Paramedic Services, said Friday the LUCAS 3 Chest Compression System and the MegaMover Plus will enhance emergency medical care and improve patient outcomes. Six LUCAS 3 units have been acquired at a cost of about $14,000 each paid out of provincial and local funding, Colling told Newswatch. The paramedic service describes LUCAS 3 as “a

  • Coban Porter sentenced to 6 years in prison for deadly DUI crash, same week his brother Jontay banned from NBA

    One Porter brother is banned for life from the NBA. Another is headed to prison.

  • 'Start now': Former NFL, college stars tell Detroit students to focus on life after sports

    On Friday, Junior Achievement of Southeastern Michigan partnered with McDonald’s of Michigan to host a panel about life after football.

  • 'That's not right.' 10-year-old girl kidnapped walking from school, found alive

    A 10-year-old girl was walking home from Gompers Elementary school on Burt Road when police say she was taken by a man.

  • Lululemon cutting over 100 jobs in Washington distribution centre closure

    VANCOUVER — Lululemon Athletica Inc. says it is cutting more than 100 jobs as it plans to close a distribution centre in Washington state. It says some employees at the Sumner, Wash. centre will be retrained and relocated to other facilities, but that "just over" 100 positions with be eliminated because of the closure. The company says it decided to close the smaller distribution centre as part of a regular evaluation of its network. Lululemon says its overall fulfilment strategy includes a mult

  • Warren 8-year-old in critical after shooting himself with unsecured weapon

    Warren police say an 8-year-old child is in critical condition after shooting himself in the face with what may have been an unsecured gun.

  • Marlins vs. Cubs Highlights

    Bryan De La Cruz and the Marlins take on Nico Hoerner and the Cubs on April 19, 2024

  • Trump’s hush-money trial: here’s what’s happened so far

    Donald Trump is the first former president to face criminal charges. Here’s what you need to know about the New York case

  • Remembering Matthew Kechter | Columbine 25 years

    In honor of the victims of Columbine on the occasion of 25 years since the tragedy, these are the inscriptions on each plaque provided by the Columbine Memorial Foundation. This is Matthew Kechter’s tribute.

  • Two people found dead after shooting in rural Marshall County

    Two people found dead after shooting in rural Marshall County

  • Chief: 9 people displaced by fire sparked by scooter battery

    A fire in York County that forced nine people out of their homes was caused by the lithium-ion battery in a scooter, according to the fire chief.

  • The stock market can rise another 13% this year even with a dwindling rate-cut outlook, Fundstrat's Tom Lee says

    The S&P 500 could end the year at 5,700 even if the outlook for Fed rate cuts doesn't brighten, Fundstrat's Tom Lee says.

  • Police: Man shot multiple times in Cockeysville dies

    A man shot multiple times Thursday night at a Cockeysville apartment complex died at a hospital, police said. Baltimore County police said they received a 911 call around 9:30 p.m. for a shooting in the 500 block of Lake Vista Circle. "I do not know if (the 911 caller) heard the shooting or witnessed the gunshots," Baltimore County police Detective Trae Corbin told 11 News.

  • Des Moines police identify woman allegedly killed by domestic partner

    Des Moines police identify woman allegedly killed by domestic partner

  • First baby bison of the season born at Pawnee Bill Ranch

    First baby bison of the season born at Pawnee Bill Ranch

  • Artwork stolen in 2021 shows up 300 kilometres away

    More than two years after hundreds of pieces of art were stolen from an Osoyoos, B.C., artist, a thrift store about 300 kilometres away found some that had been included in a donation. In late 2021, Gabriele Beyer's home was broken into. She says thieves stole hundreds of silk ties and 46 paintings — and Beyer says the loss was a big hit to her livelihood."It was a mystery when the break-in happened," she told The Early Edition host Stephen Quinn. "I was in total shock for about six weeks."In th

  • How UAW, Volkswagen vote could give unions 'leverage'

    The United Auto Workers (UAW) is seeking to expand its unionization efforts beyond the Detroit Big 3 automakers (STLA, GM, F). Workers at Volkswagen's (VOW.DE) plant in Tennessee are voting on unionization, a pivotal moment for the labor organization. Cornell University's Director of Labor Relations, Arthur Wheaton, provides insights into the significance of this development. Wheaton notes that the Volkswagen vote is crucial because if the UAW can increase the number of unionized autoworkers in the United States, "it gives them more leverage at the bargaining table." When asked about the potential impact of the Volkswagen vote on the spread of unionization to other automakers, Wheaton acknowledges that "the reality is it's going to take a lot more work" — cautioning against the expectation that "all of the other plants will immediately get majority people to say yes we want the Union." For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance. This post was written by Angel Smith

  • Person taken to hospital after being pinned during rollover crash on I-35

    Person taken to hospital after being pinned during rollover crash on I-35

  • British actress Sophie Rundle expecting ‘baby number two’

    Rundle said she had forgotten who she had and had not told about the pregnancy.

  • Lightning celebrate neurodiversity with new sensory room

    Lightning head coach Jon Cooper summed up why he loves it when the playoffs come around. "The emotional investment you get from the players, especially in that first round. What I consider the most exciting round in playoffs in any sport is that first round. It’s emotional chaos," he said after the regular season finale against Toronto. Sometimes that chaos can be a little overwhelming for fans who are sensitive to too much light and booming noise, which are common at every Lightning home game.