August 5, 2026
I'm Looking For Any Excuse To Get Long Here
Amazon (AMZN) just crushed earnings, and I want to play this name into the $300 area.
Its quarterly numbers were unreal…
Revenue hit $200.6 billion, up 20%, with operating income up 43% to $27.5 billion. AWS grew 36.7% to $42.2 billion, its fastest pace since 2021, and the AWS margin expanded to 39.4% from 32.9% a year ago.
And its backlog sits at $496 billion.
Action to take: If we get a 60-minute TPS setup or better, I'll load the boat with long short-dated AMZN calls.
Stock is gapping up in the pre-market with the all-time high at 287.20 sitting just above. Target is $300 plus.
It’s been an amazing week of trading, which has included wins of 110% in NVDA, 170% in AXTI, 150% in CBRL, and 200% in AMZN. And next week, you can trade live with me for free. I’m opening up my doors for a full week of trading.
You can get all the details here.