Amazon’s Bull Case Hinges On 'Two Things' Holding, Says Futurum Equities: 'Does Not Need A Recession To...' - Amazon.com (NASDAQ:AMZN)
As Amazon.com Inc. (NASDAQ:AMZN) is set to report its quarterly earnings on Thursday, Futurum CEO Daniel Newman and Chief Market Strategist Shay Boloor share their thoughts on what investors should watch out for.AWS And Consumer Both Must HoldAmazon's earnings hinge on “two things staying true at once,” which are strong AWS demand and a resilient U.S. consumer. While performance has beaten expectations, the stock has lagged as lofty consensus leaves little room for upside surprises.Bull Case Rests On AWS Mo ...