Thursday, July 26, 2018

Amazon is not an earnings story and investors Just care about one thing, Cowen Dealer says

Amazon is Going to report earnings after the bell Thursday. Investors probably will not care about the bottom-line amount, says one dealer, but they’ll be on the lookout for one more metric.

“This is not an earnings narrative. It’s about a development story, which is what people are gambling online,” David Seaburg, head of trading and sales in Cowen & Co., told CNBC’s”Trading Nation” on Thursday before earnings.

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