Editor’s Note: Hedge fund legend who delivered a 279% return on cash in 2025 and went on a 20 year winning streak, says Elon Musk is now executing the “Final Phase of his Master Plan”… and he’s identified the ONE ticker that stands to benefit most (it’s not SpaceX, Tesla, or anything you’d associate Elon with). Click here to see the details.

Dear Reader,

In 2025, Larry Benedict did something almost nobody on Wall Street managed.

He got ahead of President Trump.

When Liberation Day sent the market into freefall, Larry had already positioned his readers.

They closed trades for 29%... 30%... and 59% on QQQ.

Three winning trades in three weeks from just a single policy move.

In just the first quarter of the year, Larry had a perfect 13 for 13.

Not a single losing trade.

Click here to see how Larry did it — and what he’s doing now.

By the end of the year, he had delivered a 279% return on cash. The S&P returned 15%.

Now Larry is turning his attention to Elon Musk.

And he says what’s already been set in motion makes everything Trump triggered in 2025 look like a warm-up.

Because now that the SpaceX IPO is over, the “Final Phase of Elon’s Master Plan” has begun.

Which means billions — potentially trillions — of dollars could be forced into a single ticker…

And it could happen at any time.

Larry has been tracking it for months and says the time to get positioned is now.

He’s revealing the name and ticker today, completely free.

Click here to find out what Larry is positioning in now — and get ahead of the “Final Phase of Elon’s Master Plan.”

Best wishes,

Lauren Wingfield
Managing Editor, The Opportunistic Trader

P.S. Larry’s 2025 readers didn’t wait for the headlines. They took action early and were rewarded for that. Click here to get ahead of his next big call — before the window closes.

Why's Amazon Suddenly Lagging the S&P 500, and Is It a Warning?

Author: Sam Quirke. Article Published: 6/9/2026.

Amazon.com Inc (NASDAQ: AMZN) has had a difficult few weeks. The stock is trading around $240 after hitting $278 just a month ago, and it is back near the level it traded at last October.

While the S&P 500 has quietly gained about 2% over the same period, Amazon has given back a meaningful portion of the gains it posted during one of its strongest rallies in years. For a stock that spent much of April and May leading the market higher, that divergence is striking.

Fortunately for long-term bulls, the explanation has less to do with a deteriorating business and more to do with the market grappling with the ongoing tension at the heart of Amazon's current investment case: the company is spending at a scale that is compressing near-term free cash flow, and investors are debating whether that spending will deliver the returns bulls are promising.

That debate is worth understanding in detail because how it plays out will determine whether the current pullback is a warning sign or a better buying opportunity for Amazon this year.

The CapEx Vs. Free Cash Flow Tension

Amazon's most recent quarterly results were, by most measures, very strong. Net sales rose 17% year over year, AWS grew 28%, and operating income was solid. But one number stood out for the wrong reasons: the company’s free cash flow for the trailing 12 months fell sharply to just $1.2 billion as property and equipment costs tied directly to Amazon’s scaling AI infrastructure surged.

For a company of Amazon's scale, that figure is worryingly low, especially given that it was down 95% from the figure reported a year earlier. And while the stock had shrugged it off at the time and rallied to new highs after the report, it appears this capital expenditure concern is finally catching up with it. It does not help that broader market sentiment toward AI stocks has cooled markedly in recent weeks.

Amazon is committing enormous capital to building out AI data centers, and the returns on that spending are not yet fully reflected in the financials. Investors who have long rewarded Amazon for its earnings power are now being asked to believe that the hundreds of billions being invested in infrastructure today will translate into blowout revenue and earnings tomorrow.

That is not an unreasonable ask when you look at Amazon’s track record. Still, it is a bigger leap of faith than buying a company with rock-solid free cash flow. In a market that has become increasingly sensitive to capital discipline, the optics are uncomfortable.

Why the Bull Case Remains Intact

However, the counterargument is that Amazon's CapEx is not reckless spending; it is a strategic investment to meet demonstrable demand. The company’s AWS unit, for example, grew 28% in the most recent quarter, a stunning acceleration for a business that already generates tens of billions in annual revenue.

Amazon’s pipeline of enterprise AI partnerships and commitments is also growing, offering genuine visibility into where future revenue may come from. In addition, the recently announced deal with optical fiber giant Corning is further proof that Amazon’s AI infrastructure buildout is not only real but gathering pace.

In that context, the current compression in the company’s free cash flow looks more like the necessary cost of investing to meet rising demand than a sign that demand is failing to materialize.

What the Analysts Are Saying

Anyone who has been concerned about the pullback in AMZN will be reassured to hear that the analyst community has not been spooked by it. If anything, analysts are using it as an opportunity to double down on their bullish outlook.

UBS just gave Amazon stock a fresh Buy rating and a $315 price target, while Jefferies and Citi both reiterated their Outperform ratings this month.

In fact, the growing list of analysts with price targets north of $300 is worth taking seriously. It suggests the market’s reaction in recent weeks has been overemphasizing sinking free cash flow numbers and underestimating the payoff around the corner.

As we head into the summer, this tension between CapEx and free cash flow is likely to continue. But the underlying business has rarely looked more strategically well-positioned, and the gap between where the stock is and where the analysts think it should be is increasingly difficult to ignore.