Ghost of Igloi wrote:
seattle prattle wrote:
Sure would be if you could find a weather vane that points up.
Or maybe i'm just a little giddy with the earnings announcement today of Apple, Amazon, and Google.
AMZN would have little or no earnings with out AWS (Amazon Web Services) their web hosting/cloud business, yet you and most investors think it is their retailing business. See page 12 of today’s earning report.
http://phx.corporate-ir.net/External.File?item=UGFyZW50SUQ9Njg3NTU4fENoaWxkSUQ9Mzk3ODEwfFR5cGU9MQ==&t=1They’ll get a pass until it matters.
Amazon announces first quarter results after the bell. Currently up almost 11% AFTER HOURS!
"Amazon surprises Wall Street with huge profits, optimistic outlook" link:
https://www.reuters.com/article/us-amazon-com-results/amazon-surprises-wall-street-with-huge-profits-optimistic-outlook-idUSKBN1HX3A3I only mention this, Igy, because i know you like to track these things. And since you posted your negative outlook on Amazon, it has risen 17%. That is within 3 months when the broader market is negative in that same timeframe. Which, for most of us, would indicate that you were wrong once again. But i suspect that returns like this only make you more steadfast in your assertion that it is the markets that have it wrong, and with each passing day that the massive correction hasn't occurred, they are even more wrong than they were before.
But perhaps you underestimate Amazon: "Amazon said net income rose to $1.6 billion, or $3.27 per share in the quarter ended March 31. Analysts on average were expecting $1.26 per share, according to Thomson Reuters I/B/E/S. Sales rose 43 percent to $51.0 billion in the quarter, beating analysts’ average estimate of $49.8 billion."
Profit more than doubled analysts expectations.