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Amazon numbers just came out, and it seems to be kind of a nothing-burger so far. It’s up a tiny bit as I am typing these words, although it had a bit of a freakout in the minutes before the release. Let’s see if the conference call shakes this up. Suffice it to say that this doesn’t look like a wreck (like META) or an explosive mover higher (like GOOGL). It’s more of a ……….. meh.
The big event this afternoon is going to be Amazon, which reports earnings immediately after the close. I don’t touch this stuff myself, but my gut feel is that it looks pretty strong. It’s near lifetime highs, but it’s frankly a fairly inscrutable chart right now. I’d love to see it take a hard fall, of course, for a LOT of reasons, but I wouldn’t be surprised to see it pull a Google and blast to lifetime highs instead.
Google (Alphabet) had a blowout quarter and is at record highs. Here’s their business model:
