Q2 Beats for BofA and Morgan Stanley, Dow Aims for 7-Day Win Streak, June Retail Sales Miss 7/18/23
Squawk on the Street
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Amazon: Is It Time to Buy?
Amazon is a great company, but the Amazon Web Services growth rate has slowed it dramatically. The idea that gender of AI is going to make it turn around the fourth quarter may turn out to be fanciful. So I'm just warning people that every analyst that I know says it's time to buy Amazon. It requires the fourth quarter to inflect. And I have no evidence whatsoever that that will happen.
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