Buying Amazon Ahead of Apple Earnings Short Snap Inc

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I do not know what Apple was going to report on earnings, but I do know that Amazon already reported the best quarter among all tech companies. Moreover, Amazon has corrected since its earnings report which makes it a compelling less risk buy ahead of Apple earnings.

Buying Amazon Ahead of Apple Earnings Short Snap Inc

I do not know what Apple was going to report on earnings, but I do know that Amazon already reported the best quarter among all tech companies. Moreover, Amazon has corrected since its earnings report which makes it a compelling less risk buy ahead of Apple earnings. Therefore, I bought Amazon ahead of Apple earnings instead of buying Apple. Furthermore, I remained short Snap Inc since a professional investor can make the equivalent daily profit to buy a brand new Ferrari daily.

Amazon earnings

Amazon’s 1Q18 Revenues Surged Past Wall Street Expectations. Amazon (AMZN) announced its 1Q18 earnings report on Thursday, April 26, after the bell. The e-commerce leader continues to grow at a staggering pace, handily beating estimates. Amazon’s revenues grew 43.0% from 1Q17 to ~$51.0 billion, much higher than Wall Street estimates of ~$49.8 billion. This revenue growth was the best rate the company has recorded since 3Q11.

Apple earnings

Apple says it will return $100B to investors with a massive new program after a strong Q2

The company said it is announcing a new $100 billion buyback program and increasing its dividend by 16%. That means that Apple investors are going to get more of an opportunity to snap up the value the company has created over time as it’s continued to grow significantly. While Apple in the past several months a lot of the momentum that carried it to a market cap nearing $1 trillion, the company’s stock has still risen around 80% in the past two years. Not surprisingly, the stock today is soaring (by Apple standards) in extended trading, with shares rising nearly 5% after the report.

Snap Inc earnings

Snapchat is one of the best selling short opportunities in the world. Take a look at how much a Snap Inc trader can make per hour selling short its shares!

Snapchat’s redesign was a disaster. It cratered ad views and revenue and led Snapchat’s user count to actually shrink in March. That’s why CEO Evan Spiegel just announced a big reversal of the redesign’s worst part.

“We learned that combining watching Stories and communicating with friends into the same place made it harder to optimize for both competing behaviors. We are currently rolling out an update to address this by sorting communication by recency and moving Stories from friends to the right side of the application, while maintaining the structural changes we have made around separating friends from creators and sorting friends’ Stories by relationships.”

 

Louis Rosenthal

Louis Rosenthal

I am the author of the famous article Short GoPro stock is worth $1 Billion Profit - hopefully you can find in my ideas and articles useful information. I started in the markets investing in Intuitive Surgical many years ago by following Vieira's guidance later on becoming a contributor 

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