Veteran Value Fund Manager Highlights Williams, Henry Schein, and 3 Other Discount Stocks
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Apr 07 2026
0mins
Source: Barron's
Market Performance: Wall Street has had a challenging start to the year, with mixed results across different stock categories.
Value vs. Growth Stocks: Investors in value stocks are performing better, as evidenced by the Vanguard Value ETF's 3.3% increase in 2026, contrasting with a 9.5% decline in the Vanguard Growth ETF.
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Analyst Views on AMZN
Wall Street analysts forecast AMZN stock price to rise
44 Analyst Rating
41 Buy
3 Hold
0 Sell
Strong Buy
Current: 241.510
Low
175.00
Averages
280.01
High
325.00
Current: 241.510
Low
175.00
Averages
280.01
High
325.00
About AMZN
Amazon.com, Inc. provides a range of products and services to customers. The products offered through its stores include merchandise and content it has purchased for resale and products offered by third-party sellers. The Company’s segments include North America, International and Amazon Web Services (AWS). It serves consumers through its online and physical stores and focuses on selection, price, and convenience. Customers access its offerings through its websites, mobile apps, Alexa, devices, streaming, and physically visiting its stores. It also manufactures and sells electronic devices, including Kindle, Fire tablet, Fire TV, Echo, Ring, Blink, and eero, and develops and produces media content. It serves developers and enterprises of all sizes, including start-ups, government agencies, and academic institutions, through AWS, which offers a set of on-demand technology services, including compute, storage, database, analytics, and machine learning, and other services.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
SpaceX Achieves Record-Breaking IPO
- Record-Breaking IPO: SpaceX raised $75 billion in its IPO, marking the largest in history, with shares priced at $135, opening at $150, and quickly rising to $165, resulting in a market valuation exceeding $2.1 trillion, reflecting strong market confidence in its growth potential.
- Retail Investor Allocation: Initially aiming to allocate 30% of shares to retail investors, SpaceX reduced this to the low 20% range due to high institutional demand, still providing a significant opportunity for retail investors who typically access only 5% to 10% of IPO shares.
- Rapid Nasdaq Inclusion: SpaceX is poised to enter the Nasdaq-100 index within just 15 trading days post-IPO, needing a market cap of about $121 billion, which will create additional demand for its shares and attract more investor attention.
- Capital Expenditure and Profit Pressure: Despite notable achievements in rocket launches and Starlink satellite services, SpaceX's capital expenditures in AI reached $12 billion last year, leading to a $4.9 billion loss, highlighting the profitability challenges it faces while pursuing aggressive growth strategies.
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- Strong Market Demand: Despite being priced at over 90 times its 2025 revenue and posting a $4.9 billion net loss, SpaceX's IPO was oversubscribed, with retail investors reportedly submitting over $70 billion in orders, reflecting enthusiasm for the space and AI sectors.
- Surge in AI Spending: The four largest tech companies are projected to increase capital expenditures by 77% to $725 billion in 2023, and despite cash flow pressures, with Amazon's free cash flow down 95%, demand for cloud computing and data centers remains robust.
- Uncertain Future Outlook: While the demand for AI is immense, many corporate generative AI pilot projects have yet to yield measurable returns, prompting investors to carefully assess the relationship between future profitability and current high valuations.
See More
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- Significant Stock Surge: By the closing bell, SpaceX's stock jumped 19%, elevating the company's market value above $2 trillion, reflecting investor optimism regarding its potential in the artificial intelligence sector and robust market demand.
- Surge in AI Spending: Amid SpaceX's IPO, the four largest tech companies are projected to spend about $725 billion on capital expenditures this year, a 77% increase from last year, highlighting the sustained strong demand for AI technologies despite high valuations and uncertain profitability.
- Divergent Market Outlook: While some analysts warn that the current high valuations and substantial losses may signal a market peak, others argue that the immense market demand and ongoing investments will drive future profit growth, prompting investors to carefully assess risks and opportunities.
See More
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- Successful SpaceX IPO: SpaceX's IPO was executed at a fixed price, with underwriters Goldman Sachs and Morgan Stanley ensuring nearly all investors profited, reflecting strong market confidence in its future growth potential.
- Substantial Contract Revenue: SpaceX has lucrative contracts with Google worth $920 million per month and Anthropic at $1.25 billion monthly, indicating its dominant position in the compute rental market and significant profitability.
- Starlink User Growth: With 12 million subscribers, Starlink is poised to attract more users if it can rapidly manufacture satellites and expand coverage, potentially threatening services like Netflix and further increasing its market share.
- Optimistic Future Outlook: As SpaceX's divisions continue to evolve, market sentiment remains bullish, especially with the potential inclusion in the Nasdaq 100, which could attract more capital inflows and drive stock prices higher.
See More
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- Capital Expenditure Plans: Microsoft and Amazon plan to invest approximately $190 billion and $200 billion respectively in 2026 for capital expenditures, which, despite profit margin pressures, will accelerate the construction of AI data centers and enhance market competitiveness.
- Profitability Analysis: Despite soaring AI expenditures, Microsoft's operating margin remains at 46.3%, while Amazon's AWS margin is close to 38%, indicating Microsoft's profitability advantage that may attract more investor interest.
- Market Risk Assessment: Both companies face significant risks, with Microsoft's margins under pressure and its exclusive partnership with OpenAI eroded, while Amazon's free cash flow has sharply declined, necessitating a demonstration of AI investment returns to investors.
See More
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- Overall Cloud Performance: Microsoft's total cloud revenue reached $54.5 billion, a 29% increase, with its AI business surpassing a $37 billion annual run rate, reflecting a remarkable 123% growth and indicating significant potential returns from AI investments.
- Capital Expenditure Plans: Microsoft expects capital expenditures to total about $190 billion this year, a 61% increase, and despite facing margin pressures from data center depreciation, its operating margin remains strong at 46.3%, showcasing robust profitability.
- AWS Acceleration: Amazon's AWS revenue rose 28% year-over-year in Q1 FY2026, marking the fastest growth in 15 quarters; although its cloud growth lags behind Microsoft's, it still reflects strong market demand and profitability potential.
See More
SpaceX Achieves Record-Breaking IPO
- Record-Breaking IPO: SpaceX raised $75 billion in its IPO, marking the largest in history, with shares priced at $135, opening at $150, and quickly rising to $165, resulting in a market valuation exceeding $2.1 trillion, reflecting strong market confidence in its growth potential.
- Retail Investor Allocation: Initially aiming to allocate 30% of shares to retail investors, SpaceX reduced this to the low 20% range due to high institutional demand, still providing a significant opportunity for retail investors who typically access only 5% to 10% of IPO shares.
- Rapid Nasdaq Inclusion: SpaceX is poised to enter the Nasdaq-100 index within just 15 trading days post-IPO, needing a market cap of about $121 billion, which will create additional demand for its shares and attract more investor attention.
- Capital Expenditure and Profit Pressure: Despite notable achievements in rocket launches and Starlink satellite services, SpaceX's capital expenditures in AI reached $12 billion last year, leading to a $4.9 billion loss, highlighting the profitability challenges it faces while pursuing aggressive growth strategies.
See More
SpaceX Completes Largest IPO in History
- Record IPO Size: On June 12, SpaceX successfully completed the largest initial public offering in history, raising approximately $75 billion with a valuation of $1.75 trillion, more than double any previous market debut, indicating strong market confidence in its future growth.
- Strong Market Demand: Despite being priced at over 90 times its 2025 revenue and posting a $4.9 billion net loss, SpaceX's IPO was oversubscribed, with retail investors reportedly submitting over $70 billion in orders, reflecting enthusiasm for the space and AI sectors.
- Surge in AI Spending: The four largest tech companies are projected to increase capital expenditures by 77% to $725 billion in 2023, and despite cash flow pressures, with Amazon's free cash flow down 95%, demand for cloud computing and data centers remains robust.
- Uncertain Future Outlook: While the demand for AI is immense, many corporate generative AI pilot projects have yet to yield measurable returns, prompting investors to carefully assess the relationship between future profitability and current high valuations.
See More
SpaceX Completes Record $75 Billion IPO Amid AI Spending Surge
- Record IPO: On June 12, SpaceX completed the largest initial public offering (IPO) in history, raising approximately $75 billion at a valuation of $1.75 trillion, more than double any previous stock market debut, indicating strong market confidence in its growth potential.
- Significant Stock Surge: By the closing bell, SpaceX's stock jumped 19%, elevating the company's market value above $2 trillion, reflecting investor optimism regarding its potential in the artificial intelligence sector and robust market demand.
- Surge in AI Spending: Amid SpaceX's IPO, the four largest tech companies are projected to spend about $725 billion on capital expenditures this year, a 77% increase from last year, highlighting the sustained strong demand for AI technologies despite high valuations and uncertain profitability.
- Divergent Market Outlook: While some analysts warn that the current high valuations and substantial losses may signal a market peak, others argue that the immense market demand and ongoing investments will drive future profit growth, prompting investors to carefully assess risks and opportunities.
See More
SpaceX IPO Shows Tremendous Potential
- Successful SpaceX IPO: SpaceX's IPO was executed at a fixed price, with underwriters Goldman Sachs and Morgan Stanley ensuring nearly all investors profited, reflecting strong market confidence in its future growth potential.
- Substantial Contract Revenue: SpaceX has lucrative contracts with Google worth $920 million per month and Anthropic at $1.25 billion monthly, indicating its dominant position in the compute rental market and significant profitability.
- Starlink User Growth: With 12 million subscribers, Starlink is poised to attract more users if it can rapidly manufacture satellites and expand coverage, potentially threatening services like Netflix and further increasing its market share.
- Optimistic Future Outlook: As SpaceX's divisions continue to evolve, market sentiment remains bullish, especially with the potential inclusion in the Nasdaq 100, which could attract more capital inflows and drive stock prices higher.
See More
Analysis of Microsoft and Amazon's Cloud Investment Prospects
- Cloud Growth Comparison: Microsoft's Azure achieved a 40% year-over-year growth rate in Q3 FY 2026, surpassing AWS's 28% growth, indicating its leading position in the cloud computing market and expected revenue boost.
- Capital Expenditure Plans: Microsoft and Amazon plan to invest approximately $190 billion and $200 billion respectively in 2026 for capital expenditures, which, despite profit margin pressures, will accelerate the construction of AI data centers and enhance market competitiveness.
- Profitability Analysis: Despite soaring AI expenditures, Microsoft's operating margin remains at 46.3%, while Amazon's AWS margin is close to 38%, indicating Microsoft's profitability advantage that may attract more investor interest.
- Market Risk Assessment: Both companies face significant risks, with Microsoft's margins under pressure and its exclusive partnership with OpenAI eroded, while Amazon's free cash flow has sharply declined, necessitating a demonstration of AI investment returns to investors.
See More
Microsoft's Azure Cloud Grows 40%, Outpacing AWS
- Azure Growth: Microsoft's Azure and other cloud services revenue grew 40% year-over-year in Q3 FY2026, up from 39% the previous quarter, demonstrating strong competitiveness in the cloud market, particularly amid surging AI demand.
- Overall Cloud Performance: Microsoft's total cloud revenue reached $54.5 billion, a 29% increase, with its AI business surpassing a $37 billion annual run rate, reflecting a remarkable 123% growth and indicating significant potential returns from AI investments.
- Capital Expenditure Plans: Microsoft expects capital expenditures to total about $190 billion this year, a 61% increase, and despite facing margin pressures from data center depreciation, its operating margin remains strong at 46.3%, showcasing robust profitability.
- AWS Acceleration: Amazon's AWS revenue rose 28% year-over-year in Q1 FY2026, marking the fastest growth in 15 quarters; although its cloud growth lags behind Microsoft's, it still reflects strong market demand and profitability potential.
See More
