FreeAMZN8 min read
AMZN: margins re-rate from here
AMZN
Delayed
The thesis
Card-spend signals point to a demand turn before the next print.
Traffic data is inflecting ahead of the comp the Street modeled.
What I'm watching
- gross margin recovery
- traffic vs ticket mix
- A clean move through the level I flag below
Positioning
Neutral / hedged on AMZN, 1-4 weeks horizon. Conviction: Low. Promo intensity is the swing factor on margins.
Opinion, not investment advice. The author may or may not hold positions discussed.
Opinion. The author may or may not hold positions discussed. Not advice. Not a financial promotion approved under FSMA s.21. Quote data is delayed. Past performance is not a reliable indicator of future results.
Comments
2 commentsCame back to this after the move — held up well.
Still one of the better write-ups on AMZN.