If Amazon issues this warning in earnings, 'watch out below,' trader warns

  • 📰 CNBC
  • ⏱ Reading Time:
  • 32 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 16%
  • Publisher: 72%

Malaysia News News

Malaysia Malaysia Latest News,Malaysia Malaysia Headlines

If Amazon issues this warning in earnings, 'watch out below,' trader warns $AMZN (via TradingNation)

was also getting more usage at large companies than Amazon Web Services, which remains the market leader by revenue.

"Think about how we got here," he said of the broad market's bull run. "We got here by buybacks, we got here by [price-to-earnings multiple] expansion and people buying stocks. So, I think that's going to take us higher. PE expansion could continue. So, even though people are complaining that valuations are high, I think there's still room for upside here."

"Markets do rhyme, but this time, it is different. Valuations aren't egregious," he said, noting that 1999 saw at least five days when the broad market dropped 5% in one session and multiple drops of more than 10%.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

TradingNation There is no such thing as ”bearish” nowdays... Buy stocks the FED and WHO got your backs! neverAredDay again, ever!

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in MY

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Amazon 4Q earnings preview: Analyst commentary leading up to report - Business InsiderThe report stands to reverse some of the negative sentiment sourced from Amazon's last release, which saw profits fall under analysts' expectations.
Source: BusinessInsider - 🏆 729. / 51 Read more »