Amazon Earnings Dip: Buy Every Share if It Drops

5 days ago

Bill Baroo

"What if Amazon stock goes down on these earnings? What do you do? You buy every share you possibly can. I think there's a pretty low probability – probably a 30% chance it goes down and a 70% chance it goes up on earnings. At the end of the day, this stock's going 300 plus next year. If, for any reason, that 30% probability plays out, buy every share in sight. There's no reason not to take advantage of good deals in the market."

Bill Baroo offers an actionable trade idea for Amazon, suggesting that if the stock dips on earnings – which he estimates has a 30% probability – investors should aggressively buy shares. He maintains a strong bullish view on Amazon's longer-term prospects, expecting the stock to exceed 300 next year, making any earnings dip an attractive buying opportunity.

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