Amazon shares are in focus for Thursday with the earnings announcement coming after the close. The news from Microsoft that it’s cloud-computing business shows growth also helped expectations for Amazon which also has a large cloud business.
The seasonal moves for Amazon are quiet mixed with average losses of nearly 3% from April 29 through to May 23 over the last 25 years. However, the seasonal pattern then shows a period of distinct strength during the summer months.
So, would this make a dip on Amazon earrings a good dip to buy? Or are the risks surrounding the outlook for global stocks just too high?
Major Trade Risks:
The major trade risk here would be if the US head into a deep recession and higher rates from the Federal Reserve pressure stocks generally.
Remember, don’t just trade it, but Seasonax it!