The S&P 500 has reached 28 new highs this year, doubling the typical annual average of 14 since 1950, indicating strong bullish momentum and aggressive buying on dips. Market gains are concentrated in mega-cap growth stocks, especially the 'Mag 7,' with Amazon leading due to strong cloud business results. Defensive sectors and value stocks also showed strength last week, reflecting bargain hunting amid ongoing growth and AI-related stock strength. Despite some weakness in semiconductors and South Korea's market selloff, the outlook remains positive with a preference for keeping some cash for tactical investment opportunities.
Amazon.com Inc (AMZN) trades at USD 262.43 on Pluang as of Oct 10, 2026 22:21 WIB, showing a 1-day gain of 3.29%. The stock's market cap stands at $2.83 trillion with a 52-week high of $284.02. This aligns with the article's note on Amazon's leadership in the 'Mag 7' group due to strong cloud business results, while Pluang data shows a majority of order activity leaning towards selling at 71%.
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An analyst initiates coverage of Amazon with a Strong Buy rating, citing strong earnings growth from AWS, AI, advertising, and logistics improvements. AWS revenue grew 37% and operating income 64% in Q2 2026, now making up 60% of Amazon's operating p...
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