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2 points   posted on 04/20/08
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-1.11%
 risk: low

Upside Surprises


Amazon.com (AMZN) is set to report earnings after the markets closes on Wednesday, April 23rd. Amazon is expected to earn $0.32 per share for its 1st quarter. We expect AMZN to announce earnings that will beat investors’ and analysts’ expectations.

Amazon has beat expectation 3 out of the last 4 quarters by .01 to .11 cents. We are looking for something in the neighborhood of a nickel.

AMZN’s chart looks good as an earnings surprise could boost the shares to $85 in the short term and possibly $90 in the weeks ahead.

We would just buy the stock as we found no value in any of the options based on our expectations of a $85-$90 share price. If the stock were to move to $90 by mid May, the July 85 calls would offer a return of nearly 75%.
  Related to:  
AMZN Amazoncom Inc
COMP NASDAQ Composite Index


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traderdrew   70%     0 point   commented 128 days ago reply

AMZN has shocked investors in the past with some nice earnings upside gains so I wouldn't be to surprised to see them do it again but I need more than that to buy the stock

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