-
Subscribe
Stock Market Analysis - 07-23-2008
The market never ceases to amaze me. After a volatile morning, things were pretty uneventful later in the day. Oil continues to drop, but it’s still in the healthy correction stage and shouldn’t be cause for the oil bears to celebrate yet. To me, the most interesting news came after the market close, when AMZN reported a knockout quarter despite the conditions in the economy. I’m a bit surprised that their retail business is still so strong, with their web services only accounting for 3 percent of revenue. Along with a supposedly much better Kindle in the works and more people shopping online to save gas money, there’s still some room for growth. Not that I would go long on growth stocks right now, but it’s always good to keep these things in mind.
Comments
Leave a Reply