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Amazon's Q2 earnings will be window into consumer strength

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Ygal Arounian,Quarter Earnings

Amazon (AMZN) will be the latest Magnificent Seven tech name to report second quarter earnings after Thursday's market close. Citi analyst Ygal Arounian...

) will be the latest Magnificent Seven tech name to report second quarter earnings after Thursday's market close. Citi analyst Ygal Arounian joins Wealth! to give insight into Amazon's

He continues with:"The consumer is not strong, but they but it doesn't seem to have gotten materially worse either. So, you know, we're kind of hanging in there. With inflation and pressure on wallets, people are spending where they have to... There's pockets of relative strength and weakness.

And then people are still spending on, on entertain and travel that that's kind of hung in there, uh, to a, a pretty good degree. I know that you're gonna be continuing to track some of these, uh, ecommerce earnings as they come out over the rest of this earnings season.A U.S. military Osprey aircraft crash off the coast of Japan in November that killed all eight crew members was caused by a failure in the gear box and the pilot's decision making contributed to it, an Air Force investigation released on Thursday said. The U.S.

 

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