It's the busiest week of earnings and these are the 3 stocks to watch, say two experts

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It's the busiest week of earnings and these are the 3 stocks to watch, say two experts via TradingNation

div > div.group > p:first-child"> Investors are gearing up for the busiest week of earnings with more than 140 S&P companies and 12 Dow components set to post results.

There may be many names to choose from, but Piper Jaffray's Craig Johnson and Strategic Wealth Partners' Mark Tepper agree that Amazon is the name to watch ahead of earnings. "Now of course they have their e-commerce business, and that industry in particular is growing in the low double digits, but their cloud business is where it's at. That's high margin, it's growing at over 40% per year, and it's all recurring revenue. ... Their ad business is ramping up, which is also high margin. They're actually stealing ad dollars from Facebook and Google. And no one is even talking about them in the streaming wars," he said.

"If you take a look at that chart you're making a pretty good-looking base, you're making a nice series of higher highs and higher lows, so I think at this point in time this is a stock that I would trade to the long side heading into earnings season. … [It's] a stock that should hold up well despite whatever the earnings release is," he said.

 

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