
Ep. 6: Why Amazon Leads 3 Top Stocks That Could Surge On Earnings With Chris Gessel
Investing With IBD
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The Rise of Amazon Web Services
The defense market isn't usually a huge growth market. You'll see companies organically growing in maybe the mid single digits or the low teens, something like that. But then you'll see in its earnings how it might get three or four quarters of nice double digit earnings and there's something going on there. So they seem to do acquisitions well. And this is another one where it's a nice base on base formation. RS line is near a new high. That's always important. It tells you that this is a leader already. If it breaks out, we assume that that RS line is going to make a new high, which is something we definitely want to see on a breakout.
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