Zino: More confident about Amazon ahead of Big Tech earnings

Bullish Gator

CFRA’s Angelo Zino discusses market outlook and growing confidence in Amazon as Big Tech earnings approach.

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What stands out

On BNN Bloomberg Angelo Zino said he feels a lot more confident about Amazon as Big Tech earnings season approaches, which matters because analyst conviction can tilt short-term flows into a giant, otherwise slow-moving company. Amazon still shows top-line strength, with average revenue growth of 11.7%, but the profit picture is jagged, with net income averaging a negative 364% year-over-year, so renewed analyst confidence can move sentiment even while fundamentals remain mixed.