$AMZN Earnings Tuesday
Posted: Apr 29, 2024
- Amazon may have a positive earnings report on Tuesday - The company has been cutting costs and focusing on profitability under new leadership - Their AI strategy, particularly in relation to third-party models and AWS services, could boost sales - Prime Day and a new NBA streaming deal could contribute to a strong Q3 outlook - Corporate decisions may lead to short-term cost savings but could impact long-term sustainability - The OP plans to buy Amazon stock after the weekend, hoping for a slight dip in price before purchasing.
Summarized top reddit comments: - Speculation about Amazon potentially announcing bankruptcy - Some users are tired of seeing AMZN posts and plans to inverse - Discussion about a potential dividend announcement - Speculation on stock projections after earnings, with some mentioning a potential dividend boost - Mention of retail sales at Amazon being down, with focus on AWS as a potential saving factor - Discussion on new revenue streams like advertising and prime gas ads - Accusations of users holding puts despite posting bullish comments
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