The S&P 500 index hit a new all-time high over 50 times in 2024, and many companies' valuations are very high. However, Amazon's stock price is still reasonable. Based on the abovementioned cash flow and earnings, it trades below five-year historical averages, as shown below.

Amazon's Prime Video has shifted its strategic focus towards live sports and away from original television shows and movies, seeking to meet internal corporate profit targets, The Information reported on Friday.

However, some Quebecers are responding by taking a stand against the company. On Wednesday, January 24, Amazon announced the closure of its seven warehouses across Quebec, resulting in 1,700 layoffs over the coming weeks and months.