Amazon PT Hikes After Revenue Beats Estimates

Amazon stock has received a series of upgrades after the company reported a big revenue beat. The company reported $0.52 EPS for the quarter, missing the consensus estimate of $1.09. Horrible miss on earnings but Amazon crushed it on revenue. The company had revenue of $43.74 billion for the quarter versus the estimate of $42.26 billion. That means that revenue for the quarter was up 33.7% YOY. Awesome.

I’m Hopelessly Addicted to Amazon Stock

I took a swing long position in Amazon stock today after the chart confirmed a candle over candle reversal. Folks I'm addicted to Amazon as a company as well as its stock.

If you watch the Saturday Show on YouTube then you know my wife has severe pancreatitis. She has been hospitalized since August 1, 2017. Amazon has made things better for my family. I needed to order special medical supplies for my wife and even electrolyte ice-pops that make it possible for her to absorb potassium through her mouth because she can't hold down anything in her stomach. These items are such "specialty" items that it would be impossible to find these things locally.

Sofi AI Market Sentiment Gauge

Sofi AI Market Sentiment Gauge

Market is extremely oversold. Good time to take long positions.