<p><strong>亚马逊公司 NASDAQ: AMZN</strong> 在近年来一直是市场上最热门的科技股票之一，并且仍然是最受关注的股票之一。它征服了电子商务，将云计算变成了家喻户晓的术语，并建立了一个预计今年将带来超过 600 亿美元收入的广告业务。但尽管其基本面无疑令人印象深刻，但其股票在最近几个月却让投资者感到沮丧。</p>
<p>尽管自七月以来，整体股市几乎每周都在创下新纪录，但亚马逊的股价仍未能突破去年二月的历史高点。过去九个月中，股价多次在 240 美元附近遇到阻力，未能突破，包括在过去两个月中两次尝试。</p>
<p>这种模式在技术分析中被称为 “三重顶”，这是一个看跌的形态，通常预示着看涨动能的疲软。未能突破这样的水平，尤其是在强烈的风险偏好情绪和支持性宏观条件下，令人不安地质疑亚马逊的反弹是否正在停滞。</p>
<p>在这种背景下，上周来自富国银行的升级可能比市场最初所意识到的更具分量。让我们深入了解一下原因。</p>
<h2>技术阻力变成警告信号</h2>
<p>三重顶发生在股票连续三次未能突破相同的阻力水平时。每次拒绝都表明买家在该价格点失去信心，随着时间的推移，反复的失败可能会形成一个越来越难以突破的天花板。</p>
<p>对于亚马逊来说，这个天花板是 240 美元。正如我们在最近几周多次提到的，股价曾强劲上涨至该水平，但又被打回撤退。最近在七月和九月初的尝试发生在市场整体强劲的时期，指数因对通胀降温、利率下降和经济增长加速的乐观情绪而上涨。</p>
<p>令人担忧的是，尽管有这些顺风，亚马逊却未能抓住机会，空头有理由怀疑该股的疲软是否是煤矿中的金丝雀。</p>
<h2>富国银行的升级具有额外分量</h2>
<p>然而，所有这些使得上周的分析师更新显得尤为重要。几个月来，该公司在华尔街获得了持续的买入评级，这种稳定的声音并没有增加多少信心。然而，上周三，富国银行将其评级从持平上调至超配，这一实质性升级在同一天与 Telsey Advisory Group 重申的跑赢大盘评级形成鲜明对比。</p>
<p>虽然不能说富国银行对亚马逊股票持完全看空的态度，但这一升级确实表明他们正在放弃保守立场，致力于看涨的观点。考虑到这一点发生在股票持续未能突破 240 美元的情况下，表明他们对这一突破即将发生的信心很高。</p>
<p>他们的理由集中在项目 Rainier 上，这是亚马逊网络服务的下一代计划，预计将加速云收入增长。随着人工智能工作负载的激增，富国银行认为 AWS 在经历了一段较慢增长期后，正处于重新加速的有利位置。此外，亚马逊不断扩大的广告部门和强大的零售规模为其提供了多个杠杆，增强了长期前景。</p>
<h2>亚马逊能否最终突破？</h2>
<p>对于希望寻找其他顺风的投资者来说，除了 AWS，亚马逊在多个领域持续交付。其广告部门是数字经济中增长最快的业务之一，而其电子商务 Prime 业务仍然是其零售帝国的核心。十月即将到来的 Prime Day 预计将吸引数十亿美元的消费者支出。</p>
<p>这些引擎为亚马逊提供了大多数公司只能梦想的增长驱动因素。最近几周，问题在于如何将这些稳固的、甚至是改善的基本面转化为价格表现。</p>
<p>富国银行的升级强调，尽管股票的图表令人沮丧，但现在并不是放弃亚马逊的时候。相反，情况正好相反。基础业务依然强劲，股票可能很快会有足够的动能突破到新的高点。</p>
<h2>你现在应该投资 1000 美元在亚马逊吗？</h2>
<p>在你考虑亚马逊之前，你会想听听这个。</p>
<p>MarketBeat 每天跟踪华尔街顶级评级和表现最佳的研究分析师及其推荐的股票。MarketBeat 已识别出五只股票，顶级分析师正在悄悄地向客户推荐购买，以便在更广泛的市场注意到之前... 而亚马逊并不在名单上。</p>
<p>虽然亚马逊目前在分析师中获得了买入评级，但顶级分析师认为这五只股票更值得投资。</p>
<p>查看这五只股票</p>

亚马逊

亚马逊每日 2 倍做多 ETF - Direxion

<p>亚马逊的股票面临突破 240 美元阻力位的关键考验，形成了一个三重顶形态，这引发了对其上涨动能的担忧。尽管基本面强劲，并且最近被富国银行从 “持平” 上调至 “增持”，但该股票在有利的市场条件下仍然难以获得突破。分析师认为，亚马逊的 AWS 计划和不断扩大的广告业务可能推动未来的增长，但股票的表现仍让投资者感到沮丧。即将到来的 Prime Day 可能为股票提供额外的动能</p>

<p><strong>Amazon.com Inc NASDAQ: AMZN</strong> has been one of the market’s hottest tech stocks in recent years, and remains one of its most closely followed. It conquered e-commerce, turned cloud computing into a household term, and built an advertising business on track to bring in more than $60 billion this year. But while its fundamentals are undoubtedly impressive, its stock has frustrated investors in recent months.</p>
<div class="lb-trans"><p><strong>亚马逊公司 NASDAQ: AMZN</strong> 在近年来一直是市场上最热门的科技股票之一，并且仍然是最受关注的股票之一。它征服了电子商务，将云计算变成了家喻户晓的术语，并建立了一个预计今年将带来超过 600 亿美元收入的广告业务。但尽管其基本面无疑令人印象深刻，但其股票在最近几个月却让投资者感到沮丧。</p>
</div><p>Despite the broader equity market pushing on to fresh records almost weekly since July, Amazon has yet to close above last February’s all-time high. Shares have repeatedly run into resistance around the $240 mark, failing to push through on multiple occasions over the past nine months, including twice in the past two months alone.</p>
<div class="lb-trans"><p>尽管自七月以来，整体股市几乎每周都在创下新纪录，但亚马逊的股价仍未能突破去年二月的历史高点。过去九个月中，股价多次在 240 美元附近遇到阻力，未能突破，包括在过去两个月中两次尝试。</p>
</div><p>This pattern has formed what’s known in technical analysis as a “triple top,” a bearish setup that often warns of tiring bullish momentum. The failure to clear such a level, particularly in an environment of strong risk-on sentiment and supportive macro conditions, raises uncomfortable questions about whether Amazon’s rally is stalling.</p>
<div class="lb-trans"><p>这种模式在技术分析中被称为 “三重顶”，这是一个看跌的形态，通常预示着看涨动能的疲软。未能突破这样的水平，尤其是在强烈的风险偏好情绪和支持性宏观条件下，令人不安地质疑亚马逊的反弹是否正在停滞。</p>
</div><p>Against that backdrop, last week’s upgrade from Wells Fargo may carry far more weight than the market initially appreciated. Let’s jump in and see why.</p>
<div class="lb-trans"><p>在这种背景下，上周来自富国银行的升级可能比市场最初所意识到的更具分量。让我们深入了解一下原因。</p>
</div><h2>Technical Resistance Turns Into a Warning Sign</h2>
<div class="lb-trans"><h2>技术阻力变成警告信号</h2>
</div><p>A triple top occurs when a stock fails to break through the same resistance level three times in succession. Each rejection signals that buyers lose conviction at that price point, and over time, the repeated failures can create a ceiling that grows harder to crack.</p>
<div class="lb-trans"><p>三重顶发生在股票连续三次未能突破相同的阻力水平时。每次拒绝都表明买家在该价格点失去信心，随着时间的推移，反复的失败可能会形成一个越来越难以突破的天花板。</p>
</div><p>For Amazon, that ceiling is $240. As we’ve flagged multiple times in recent weeks, the stock has rallied hard up to that level, only to be beaten back into a retreat. The most recent attempts in July and early September came during periods of broad market strength, with indexes pushing higher on renewed optimism around cooling inflation, falling interest rates, and strengthening economic growth.</p>
<div class="lb-trans"><p>对于亚马逊来说，这个天花板是 240 美元。正如我们在最近几周多次提到的，股价曾强劲上涨至该水平，但又被打回撤退。最近在七月和九月初的尝试发生在市场整体强劲的时期，指数因对通胀降温、利率下降和经济增长加速的乐观情绪而上涨。</p>
</div><p>It is concerning that Amazon could not capitalize despite these tailwinds, and the bears are right to wonder if the stock’s weakness is a canary in the coal mine.</p>
<div class="lb-trans"><p>令人担忧的是，尽管有这些顺风，亚马逊却未能抓住机会，空头有理由怀疑该股的疲软是否是煤矿中的金丝雀。</p>
</div><h2>Wells Fargo Upgrade Carries Extra Weight</h2>
<div class="lb-trans"><h2>富国银行的升级具有额外分量</h2>
</div><p>However, all this makes last week’s analyst update all the more significant. For months, the company has collected reiterated Buy ratings from Wall Street, a steady chorus that added little incremental conviction. Last Wednesday, however, Wells Fargo upped its rating from Equal Weight to Overweight, a material upgrade that stands out from Telsey Advisory Group’s reiterated Outperform rating on the same day.</p>
<div class="lb-trans"><p>然而，所有这些使得上周的分析师更新显得尤为重要。几个月来，该公司在华尔街获得了持续的买入评级，这种稳定的声音并没有增加多少信心。然而，上周三，富国银行将其评级从持平上调至超配，这一实质性升级在同一天与 Telsey Advisory Group 重申的跑赢大盘评级形成鲜明对比。</p>
</div><p>While it can’t be said Wells Fargo was an out-and-out bear on Amazon shares, the upgrade does suggest they are throwing in the towel and committing to the bull case. The fact that this is happening in the face of the stock’s ongoing failure to break through $240 suggests the team there has a high degree of confidence in this happening soon.</p>
<div class="lb-trans"><p>虽然不能说富国银行对亚马逊股票持完全看空的态度，但这一升级确实表明他们正在放弃保守立场，致力于看涨的观点。考虑到这一点发生在股票持续未能突破 240 美元的情况下，表明他们对这一突破即将发生的信心很高。</p>
</div><p>Their rationale was centered on Project Rainier, Amazon Web Services’ next-generation initiative expected to accelerate cloud revenue growth. With AI workloads surging, Wells Fargo believes AWS is positioned to reaccelerate after a period of slower growth. In addition, Amazon’s expanding advertising arm and relentless retail scale give it multiple levers to pull, strengthening the long-term outlook.</p>
<div class="lb-trans"><p>他们的理由集中在项目 Rainier 上，这是亚马逊网络服务的下一代计划，预计将加速云收入增长。随着人工智能工作负载的激增，富国银行认为 AWS 在经历了一段较慢增长期后，正处于重新加速的有利位置。此外，亚马逊不断扩大的广告部门和强大的零售规模为其提供了多个杠杆，增强了长期前景。</p>
</div><h2>Can Amazon Finally Break Through?</h2>
<div class="lb-trans"><h2>亚马逊能否最终突破？</h2>
</div><p>For investors looking for other tailwinds to get excited about, beyond AWS, Amazon continues to deliver on multiple fronts. Its advertising unit is one of the fastest-growing businesses in the digital economy, while its e-commerce Prime business remains the linchpin of its retail empire. October’s upcoming Prime Day is expected to collect billions in consumer spending.</p>
<div class="lb-trans"><p>对于希望寻找其他顺风的投资者来说，除了 AWS，亚马逊在多个领域持续交付。其广告部门是数字经济中增长最快的业务之一，而其电子商务 Prime 业务仍然是其零售帝国的核心。十月即将到来的 Prime Day 预计将吸引数十亿美元的消费者支出。</p>
</div><p>These engines give Amazon a depth of growth drivers that most companies can only dream of. In recent weeks, the issue has been translating these solid, if not actually improving, fundamentals into price performance.</p>
<div class="lb-trans"><p>这些引擎为亚马逊提供了大多数公司只能梦想的增长驱动因素。最近几周，问题在于如何将这些稳固的、甚至是改善的基本面转化为价格表现。</p>
</div><p>The Wells Fargo upgrade underscores that, despite the stock’s frustrating chart, now is not the time to give up on Amazon. Instead, the opposite is the case. The underlying businesses remain strong, and the stock could soon have enough momentum to break through to fresh highs.</p>
<div class="lb-trans"><p>富国银行的升级强调，尽管股票的图表令人沮丧，但现在并不是放弃亚马逊的时候。相反，情况正好相反。基础业务依然强劲，股票可能很快会有足够的动能突破到新的高点。</p>
</div><h2>Should You Invest $1,000 in Amazon.com Right Now?</h2>
<div class="lb-trans"><h2>你现在应该投资 1000 美元在亚马逊吗？</h2>
</div><p>Before you consider Amazon.com, you'll want to hear this.</p>
<div class="lb-trans"><p>在你考虑亚马逊之前，你会想听听这个。</p>
</div><p>MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Amazon.com wasn't on the list.</p>
<div class="lb-trans"><p>MarketBeat 每天跟踪华尔街顶级评级和表现最佳的研究分析师及其推荐的股票。MarketBeat 已识别出五只股票，顶级分析师正在悄悄地向客户推荐购买，以便在更广泛的市场注意到之前... 而亚马逊并不在名单上。</p>
</div><p>While Amazon.com currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.</p>
<div class="lb-trans"><p>虽然亚马逊目前在分析师中获得了买入评级，但顶级分析师认为这五只股票更值得投资。</p>
</div><p>View The Five Stocks Here</p>
<div class="lb-trans"><p>查看这五只股票</p>
</div>

Why Amazon’s Latest Upgrade Might Be Its Most Important Yet

- 亚马逊股价在 $240 遇阻，形成 “三重顶” 技术形态。  
- Wells Fargo 上调评级至 “超配”，预计云服务将加速增长。  
- 尽管面临挑战，亚马逊的基本面依然强劲，未来有望突破高点。

为什么亚马逊的最新升级可能是其迄今为止最重要的一次