Combo of issues, Amazon slow down in growth, interest rates and recession fears.
Headline was Amazon growth slowed to 7% in Q1 2022, yet many might be missing, is that it is being measured against year on year Q1 2021, which grew 44% in Q1 2021. The compound annual growth rate since Q1 2020 is an impressive 24%.
Amazon saw such rapid growth during the early stages of COVID that its good growth right now is seen by investors as a sign of slowing progress.
Meanwhile AWS grew 37% year on year. Cloud infrastructure needs are multiplying and will continue to expand. AWS has 33% of the global market. AWS made 47.8 billion in operating profit since 2019, whilst Google lost 14 billion.
Timing the bottom for GMG is the challenge.
- Forums
- ASX - By Stock
- GMG
- News: GMG Goodman Group Expects FY22 Operating EPS To Grow 20%
News: GMG Goodman Group Expects FY22 Operating EPS To Grow 20%, page-38
Featured News
Add GMG (ASX) to my watchlist
|
|||||
Last
$34.71 |
Change
-0.450(1.28%) |
Mkt cap ! $65.92B |
Open | High | Low | Value | Volume |
$35.00 | $35.26 | $34.27 | $130.3M | 3.753M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 17 | $34.70 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$34.92 | 1000 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 17 | 34.700 |
1 | 8083 | 34.680 |
1 | 3283 | 34.650 |
1 | 8083 | 34.630 |
2 | 12024 | 34.590 |
Price($) | Vol. | No. |
---|---|---|
34.920 | 1000 | 1 |
34.930 | 8083 | 1 |
34.960 | 800 | 1 |
34.980 | 8183 | 3 |
35.030 | 8083 | 1 |
Last trade - 16.10pm 15/08/2024 (20 minute delay) ? |
Featured News
GMG (ASX) Chart |
The Watchlist
I88
INFINI RESOURCES LIMITED
Charles Armstrong, CEO & Managing Director
Charles Armstrong
CEO & Managing Director
SPONSORED BY The Market Online