How Joseph Carlson After Hours’s view on $AMZN changed

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2026-09-28Bullish
“Google Has Fallen Behind”
Amazon's diversified strength and logistics moat position it well for agentic commerce; current valuation is reasonable.

Now next up we have Amazon. This is holding number four in size, a 12% position. It's a $180,000 position, $55,000 in the green. Now, a lot of people have complained about Amazon because the stock really doesn't rock it up like a lot of other companies.

It's been a little bit of a lagard over the past five years, but if we look at the the chart here, it actually doesn't look that bad. Amazon is up 50% in the past 5 years. The S&P 500 is up around 70%.

So we have a little bit of underperformance in Amazon over the past 5 years. But if you invested in Amazon any time period during the dip, which it gave you ample time to buy, then then you've outperformed the S&P 500.

So unless you bought right at the beginning of the 5-year period and never bought again, you probably have outperformed the S&P 500 investing in Amazon. Furthermore, when we look at the 10 years, this is where it really outperforms the S&P 500.

Amazon is up 495% over the past 10 years. The S&P 500 is up around half of that. So unless you invested at the worst time period only only 5 years ago during this plateau of the stock price, that is really the only time period that you had poor performance.

The stock has actually done well and it's done so with a low amount of risk.

2026-08-24Bullish
“I’m Buying $10,000 Of This Company Next”
Amazon is a buy at $200 per share, with conservative assumptions of 16.1% EPS growth over 5 years and a 27x multiple, yielding a 19.3% compounded return and 2.4x money.

Amazon, which is also a very big position. Now, when we look at these top three positions, I just want to show you how close together they are. Google's 13.8%, Mastercard's 13.3, and Amazon's 12.8.

So they're almost evenly weighted and then whatever direction they trade, whatever one has a good week or a good month, that one will leaprog to the top place position. So far, Google has held its own for quite some time, but Amazon has been working its way up more recently.

Amazon is a $191,000 position, $67,000 of that being gains. Now, when I look at Amazon, the buyin target for this one is at $200 per share. If Amazon reaches $200 first, then this company's getting the $10,000.