Three-fourth respondents in a Stocktwits poll expect Amazon to blow past Q4 earnings estimates.
- Amazon’s Q4 revenue is expected to rise 15.5 to $211.2 billion – analysts.
- Earlier, Microsoft and Google results disappointed over cloud growth and high capex plans, respectively.
- Stocktwits sentiment for AMZN flips to ‘bullish’ from ‘bearish.’
Retail traders are turning optimistic on Amazon.com, Inc. ahead of one of the most closely watched earnings reports this season. Retail sentiment on Stocktwits flipped to ‘bullish’ early Thursday, from ‘bearish’ the previous day, ahead of the company’s fourth-quarter earnings report after the markets close.
The earnings season hasn’t been kind to Big Tech players so far and Amazon would be looking to buck the trend.
For investors, two metrics are central to how they’ll assess the e-commerce and cloud giant – and what might ultimately drive AMZN shares: growth in Amazon Web Services and Amazon’s capital expenditure outlook for…
