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Ep. 39: Is Amazon Stock A Buy Now? With Mark Ritchie

Investing With IBD

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Amazon: A Mid Cap Stock in the Bull Market

Amazon is something that people have just kind of come to depend upon and amazon is they're the classic first mover sort of an everything getting market share. I think there's a good chance that earnings could go up quite substantially especially because they've spent all the money to roll this out and haven't pulled in any of the revenue yet. The bull market is going to have another leg i think at some point amazon's going to join the party again possibly in a big way so you have some technicals um that are setting up pretty nice in my view.

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