Jason Snipe, appearing on CNBC yesterday, said that he “really likes” the recent rally by Amazon.com, Inc. (AMZN) stock.
The longtime investor listed multiple other reasons for his bullishness on Amazon.com, Inc. (AMZN).
Snipe is the Principal of Odyssey Capital Advisors.
Other Reasons That Snipe Is Upbeat on Amazon.com, Inc. (AMZN)
Snipe indicated that AMZN stock’s recent recovery has been partly due to the Trump administration’s recent easing of tariffs.
Last quarter, the tech giant’s “blended return on retail” came in at 5.4%, representing an all-time record high, the investor reported.
Moreover, the company’s cloud business delivered “very strong” results, with “strong…margin growth,” Snipe said.
Also noteworthy is that AMZN’s market share is continuing to increase, according to the veteran investor.
The Recent Performance of AMZN
In the last month, the stock has rallied 18%, but it has retreated 11.5% in the last three months. For all of 2025, it has given back 7%.
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This article is originally published at Insider Monkey
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