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Wall Street Breakfast

Wall Street Breakfast April 28: Three Big Things to Watch with Amazon Earnings

Wall Street Breakfast

Seeking Alpha

Business, Investing, Business News, News

3.8950 Ratings

🗓️ 28 April 2022

⏱️ 6 minutes

🧾️ Download transcript

Summary

Three big things to watch with Amazon earnings. Russia halts gas flows to Poland and Bulgaria: What's next? Mattel jumps on report of its held talks with buyout firms. Catch today’s WSB article here.

Transcript

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0:00.0

Welcome to Seeking Alpha's Wall Street breakfast, your daily source of market news and analysis.

0:06.8

Subscribe to this podcast on Apple Podcast, Spotify or Stitcher.

0:11.1

Good morning. Today is Thursday, April 28th, and I'm your host Julie Morgan.

0:15.8

Our top stories, Amazon, Russia, and Mattel.

0:19.7

What are the three big things to look out for on Amazon's earnings call. Putin issues a strong

0:24.8

warning to the West. What is that warning? And is Mattel saying anything about

0:29.6

those private talks of a buyout? Let's talk about it. Investors are jittery about a guidance

0:35.1

surprise to the downside as Amazon heads into its earnings report later today.

0:39.9

There are concerns over e-commerce spending,

0:42.5

decelerating, and a tougher macro backdrop.

0:45.2

And this is in addition to the inflation and talks of a union.

0:48.9

So what are the three things to look out for?

0:51.3

One, pricing power. Amazon has made changes to offset inflation costs,

0:56.2

such as fuel charges being passed on to sellers, as well as an increase in the price of Prime.

1:01.8

The company's pricing power hasn't really been in

1:04.5

question but increased competition from Walmart and Shopify is becoming a big

1:09.8

factor. And when it comes to the streaming business, Amazon could also see the same pressures that cut into Netflix.

1:16.5

So the big thing to watch here is how much leeway Amazon may have with pricing into a high inflation period.

1:23.5

The second factor is operating income.

1:26.0

Amazon is forecast to generate about $5 billion of operating income in Q1,

1:31.6

with a profitable AWS business helping operating income slide into near the

1:36.5

top end of the company's guidance range of three to six billion dollars and check

...

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