Shares of Amazon (NASDAQ:AMZN) trade around $250 as I write, more than 10% under their Aug. 3 closing high of $284.02. And they dipped after the company’s third-quarter report on Oct. 29, even though Amazon had the highest operating margin in its history.
Before that report, I said I’d buy half a position ahead of it and the other half after. I also listed what would make me skip the second half: growth at Amazon Web Services (AWS) dropping back toward 20%, or operating income landing below management’s guided range of $22.5 billion to $26.5 billion.
Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a “Double Down” signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same “Total Conviction” signal is flashing for a company 1/100th the size of Nvidia. Continue »
Neither happened. AWS grew 39%, and operating income was $28.1 billion. But the report also showed how fast the cost of that…
https://finance.yahoo.com/markets/stocks/articles/amazons-report-passed-both-tests-010701776.html
