The Trust Layer for Market Analysts

Amazon's management team has historically been effective capital allocators. The company has shown a consistent return on invested capital above its weighted average cost of capital. While projected free cash flow for 2026 is negative at -$45 billion, the updated projection for 2028-2029 and beyond is positive due to ongoing investments. The intrinsic value per share is calculated to be $263, significantly higher than the current market price of $207. The speaker considers Amazon a significantly undervalued stock and ranks it as one of the top 11 stocks to buy, owning shares in their portfolio and looking to add more at current or slightly higher levels. Other stocks mentioned with a 'Buy' rating include Affirm, Airbnb, Alibaba, Alphabet, Altria, AMD, and American Eagle, while Apple is rated 'Hold/ Market Perform'.