Bill Baruch dives into what he’s watching in Amazon’s report and how he thinks the stock can respond in the weeks to come.  

Transcript:

Mega caps that we tend to discuss on this program. You know, Josh has doubled his position a couple of different times. Staff. It’s a large position that you’ve made larger in recent months bill Baruch. It’s your top position as well. So there’s a lot on the line on this desk. Let’s hear from you. Yeah, it was actually reminds me of Apple earlier this year when Apple really lagged. Apple was trading at 170. The rest of the market was kind of near the highs we we break through 200 and Apple we break through 200 and Amazon maybe I think we’ve got a good report. But again, going back to the end of April, a very strong report from Amazon then I think the sleeping giant means well first, as you mentioned, the retail business is done terrific. I expect phenomenal numbers from there. But I also would love to see the the cloud service business have strong numbers as well and this in the margins continuing to improve the revenue continue to improve and that’s what gets this stock out above 200. And not only that, we have Microsoft last week that are earlier this week that that lowered the bar a little bit in the cloud space. So we see a strong report here from Amazon, it’s going to every single forget Microsoft and say okay, here you know, I think the price drives higher we can go head right back towards interesting you say you even use the phrase lowering the bar