Amazon.com Stock (AMZN) is rallying this morning following exceptional earnings on Thursday after the close. They reported $0.85 a share versus estimates of $0.58 and $0.28 actual for the same quarter in 2022. Revenue rose 12.5% to a staggering $141.47 billion. They raised their outlook for the fourth quarter to $160 to $167 billion.
Amazon.com Stock (AMZN) could dip back after the initial enthusiasm for yesterday’s earnings wears off, but this trade has a huge level of protection and I think will end up profitable for my portfolio.
The trade alert provides the details and further comments.
The rest of this trade alert and ideas article is for FullyInformed Members.
Disclaimer: There are risks involved in all investment strategies and investors can and do lose capital. Trade at your own risk. Stocks, options and investing are risky and can result in considerable losses. None of the strategies, stocks or information discussed and presented are financial or trading advice or recommendations. Everything presented and discussed are the author’s own trade ideas and opinions which the author may or may not enter into. The author assumes no liability for topics, ideas, errors, omissions, content and external links and trades done or not done. The author may or may not enter the trades mentioned. Some positions in mentioned stocks may already be held or are being adjusted.
