Amazon shares fell after earnings disappointed Wall Street. But Stephanie Link says it’s a buying opportunity. In the video above, Link presents his buying argument. Among his reasons: AWS cloud unit numbers were really good. They simply did not meet Wall Street’s expectations. There has been some confusion in the Prime Day comps. There is nothing wrong with retailer demand. Amazon trades for a multiple of 15 to GAAP earnings. “I think it’s an overreaction.” More investors agree with Link as stocks rebound from their session lows on Friday.
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