Amazon (AMZN) shares are off by about 3% from their late September highs, despite the broader market continuing to push to record highs. Is there something up with Amazon? There is a dose of chatter on the Street that Amazon will let down the market when it reports earnings on October 31. Fears range from weak consumers leading to Amazon warning on the all-important holiday quarter. Cooling profit margin gains at the AWS division also have investors on edge. But there are positives to Amazon's near-term story, among them the US consumer has displayed surprising resilience as seen in back-to-school sales and retail sales data. Read More...
Amazon (AMZN) shares are off by about 3% from their late September highs, despite the broader market continuing to push to record highs. Is there something up with Amazon?
There is a dose of chatter on the Street that Amazon will let down the market when it reports earnings on October 31. Fears range from weak consumers leading to Amazon warning on the all-important holiday quarter. Cooling profit margin gains at the AWS division also have investors on edge.
But there are positives to Amazon’s near-term story, among them the US consumer has displayed surprising resilience as seen in back-to-school sales and retail sales data.
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