Amazon holds the number one spot on the Fortune 500 list, recently displacing Walmart. FY 2026 revenues are estimated at more than $828 billion, representing more than 2.5% of US GDP with 15.5% year-over-year growth. Despite solid growth, the stock trades at just 22x FY 2027 adjusted EPS estimates of $12.35 per share. FY 2027 CapEx is nearly $280 billion, but FY 2027 forecast EBITDA is also north of $280 billion, meaning the company can afford the investment. The stock has been range-bound since jumping 15% after reporting earnings on July 30th, with few catalysts expected before the next quarterly report. Trader Mike Khouw recommends a « jade lizard » options strategy for investors who suspect Amazon could remain range-bound for the next seven weeks.
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