$Amazon (AMZN.US)$ Interesting thought experiment. What if e...
$Amazon(AMZN.US$ Interesting thought experiment. What if earnings come in as a miss BUT they make like $Alphabet-C(GOOG.US$ $Alphabet-A(GOOGL.US$ and announce a stock split? It would be an entertaining tug-o-war.
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I block accounts with no name, pic, trading history or posts that try to follow me. Sorry hedges
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102891893 : When google split share will happen? Is it July?
Cow Moo-ney : haha never thought of this. It will indeed be a tug of war between bulls and bears. But given the current climate, likely bears will edge out. Notwithstanding, interesting thought you have there !
Cow Moo-ney 102891893: 15 July. You have to get in by 1 July
Mike HuntOP Cow Moo-ney: I agree with your bears winning out assessment. What are your thoughts on Amazon Earnings. Whispers have it as a beat but YOY comps are gonna look like trash even if expectations are met. Last year included an Amazon day that this quarter didn’t have. I’m skeptical
Cow Moo-ney Mike HuntOP: To be honest, I didn’t really follow Amazon
But basic assessment tells me that they are struggling to maintain revenue/ profit growth, so it may not turn out good. If I don’t recall wrongly, they didn’t meet the last quarter’s expectations right? With ongoing headwinds like increased shipping cost, supply chain issues, things will only get worse with the rate hikes this year
From technical point of view, it looks quite bad too as the stock has been on a steady downward trend since late last year. Any subpar ER today will cause the stock to plunge further
Mike HuntOP Cow Moo-ney: I sense if institutional sentiment is negative on earnings, we will see a very Green Day on the Nasdaq before close to maximize the returns from an AH tanking. Just a guess.