- Amazon's post Q2 earnings sell-off is highly unwarranted, though expected from the price action point of view, as astute traders took the opportunity to bump off some weak longs.
- Despite expected headwinds from the reopening themes and tougher comps, investors are encouraged to keep their eyes focused on the long-term prize.
- AWS and Amazon's rapidly growing ad revenue business is expected to be increasingly valuable in the next few years.
- With the US e-commerce penetration rate still in the low-teens, we think Amazon's e-commerce growth has plentiful years of outperformance ahead.
For further details see:
Amazon: The Post-Earnings Sell-Off Has Created A Golden Opportunity