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Cloud computing and online retail behemoth Amazon (NASDAQ:AMZN) will be reporting earnings tomorrow after market close.
If this forecast is right—which is unlikely, given the track record of such forecasts—AMZN stock is a hand-over-fist buy. I’m not confident AWS can keep up such a growth rate for over a decade.
Amazon Web Services continue to grow as the company continues to invest in, expand, and upgrade its service.
AMAZON.COM INC (AMZN) is a large-cap growth stock in the Retail (Specialty) industry. The rating using this strategy is 100% based on the firm’s underlying fundamentals and the stock’s valuation.