Amazon ‘s stock performance hasn’t been much to write home about lately. But CEO Andy Jassy’s latest annual letter to shareholders strengthened our resolve to stick with it. The reason: Amazon is putting a ton of shots on goal, and the company’s track record suggests enough of them will find the back of the net, rewarding our patience once the profits start flowing. Wall Street agreed, at least on Thursday, with shares up 4.5%. While encouraging, the rally only brings the stock back to flat year to date. Amazon’s shots are coming from all over, including a massive AI computing expansion, faster and farther online deliveries, robots, and out-of-this-world internet service (literally). Jassy’s letter on Thursday covered them all. But they aren’t cheap — and that’s been a steady overhang on the stock, which has lagged behind the broader market and most of its “Magnificent Seven” peers over the past two years. “I think this [underperformance] is going to change,” Jim Cramer said…
Andy Jassy makes it clear giving up on Amazon’s stock would be an expensive mistake
