Disruptive Technology

Week 17 – US Bellwether Blast: Amazon Q123 earnings


Ratings and price correct at time of issue

Company Rating Date Previous Rating Date Closing Price
AO World plc NEUTRAL 22/09/21 N/A N/A 79.0p
ASOS plc NEUTRAL 29/09/21 N/A N/A 688p
Auto Trader Group plc NEUTRAL 24/01/22 N/A N/A 641p
Auto1 Group SE NEUTRAL 09/02/22 N/A N/A 827c
Baltic Classifieds Group plc NEUTRAL 09/08/22 N/A N/A 163.0p
boohoo group plc OUTPERFORM 22/09/21 N/A N/A 46.9p
Carvana Co NEUTRAL 09/02/22 N/A N/A 720c
Cazoo Group NEUTRAL 08/09/21 N/A N/A 11773c
Darktrace plc NEUTRAL 11/08/22 N/A N/A 300.8p
Deliveroo plc OUTPERFORM 18/01/22 N/A N/A 109p
Delivery Hero OUTPERFORM 18/01/22 N/A N/A 3916c
DoorDash Inc NEUTRAL 18/01/22 N/A N/A 6283c
GB Group plc OUTPERFORM 11/08/22 N/A N/A 318p
HelloFresh SE OUTPERFORM 09/02/22 N/A N/A 2385c
Itsarm plc NEUTRAL 09/08/22 Outperform 22/09/21 0.4p
Just Eat Takeaway.com OUTPERFORM 18/01/22 N/A N/A 1604c
Kainos Group plc NEUTRAL 06/09/22 N/A N/A 1256p
Marks Electrical Group plc OUTPERFORM 12/01/23 Neutral 26/07/22 86.5p
Moonpig Group plc NEUTRAL 06/10/21 N/A N/A 136p
musicMagpie plc NEUTRAL 29/09/21 N/A N/A 25.5p
Naked Wines plc NEUTRAL 06/10/21 N/A N/A 113p
On the Beach Group plc OUTPERFORM 09/02/23 Neutral 06/10/21 128p
OnTheMarket plc NEUTRAL 09/08/22 N/A N/A 73.5p
Purplebricks Group plc OUTPERFORM 06/03/23 Neutral 24/01/22 5.5p
Rightmove plc OUTPERFORM 24/01/22 N/A N/A 576p
Sosandar plc OUTPERFORM 26/07/22 N/A N/A 25.3p
Trustpilot Group plc NEUTRAL 06/09/22 N/A N/A 86.2p
Virgin Wines UK plc NEUTRAL 26/07/22 N/A N/A 36.0p


Microsoft’s (MSFT) Q323 print highlighted higher-than-expected renewal rates and demand for AI solutions, painting a positive picture for enterprise demand over the coming months. Amazon’s (AMZN) Q123 was more downbeat – customers are still in the process of optimising, and it is unclear how long this will continue. AMZN is building customer relationships today to profit from the ongoing shift to the cloud tomorrow.

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May 8 2023, 07:00 IST/BST