SSNLF - Wall Street Breakfast: Prime Time

Listen on the go! A daily podcast of Wall Street Breakfast will be available by 8:00 a.m. on Seeking Alpha, iTunes, Stitcher and Spotify. Prime timeAnother strong earnings report is likely on the way from Amazon (NASDAQ:AMZN) amid record profits, surging sales and subscriber growth. Consensus EPS estimates are seen at $9.62 (+92% Y/Y), while revenue expectations are forecast at $104.65B (+38.6% Y/Y). E-commerce has skyrocketed in the U.S. and internationally during the pandemic, while the company's cloud business, Amazon Web Services, remains a top performer. Amazon's ad business, which is lumped into the "other category," is also set to benefit from recent trends in the industry, and has emerged as a growing player in online advertising.While "shelter in place" benefits may recede over time, Wedbush analyst Michael Pachter expects them to have some "lasting impacts." "We think that new habits learned during the pandemic may be difficult to break

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Wall Street Breakfast: Prime Time