Amazon CEO’s ‘Halo Effect’: Scaramucci
Online Producer
Amazon.com CEO Jeff Bezos is the new Steve Jobs, or at least getting the same kind of attention that is boosting his company, SkyBridge's Anthony Scaramucci said Tuesday as the retailer reported quarterly earnings.
"Jeff is now the cult of Steve Jobs," he said, referring to the late Apple CEO and co-founder. "He's the risk-taker. He's the innovator. He's the great innovator. He's getting the halo effect, and that's why you're seeing this sort of P/E expansion as well."
EmergingMoney.com's Tim Seymour had a less hagiographic assessment.
"They're investing in their infrastructure globally. They will take the next dollar from the global retailer that's in the traditional format," he said. "This is why you reward Amazon, even though I don't reward them from a stock purchase because I don't chase stocks like this."
StockMonster's Guy Adami saw a clear reason for after-hour action in Amazon.com shares.
"The improvement in margins, given what the Street was looking for, is exactly why the stock is higher," he said. "It augurs well for the future for them."
Trader disclosure: On Jan. 29, 2013, the following stocks and commodities mentioned or intended to be mentioned on CNBC's "Fast Money" were owned by the "Fast Money" traders: Guy Adami is long C; Guy Adami is long GS; Guy Adami is long INTC; Guy Adami is long AGU; Guy Adami is long MSFT; Guy Adami is long NUE; Guy Adami is long BTU; Tim Seymour is long AAPL; Tim Seymour is long BAC; Tim Seymour is long INTC; Tim Seymour is long WMT; Tim Seymour is long RIMM; Tim Seymour is long F; Tim Seymour is long GM; Brian Kelly is long GLD; Brian Kelly is long SLV; Brian Kelly is long XLK; Brian Kelly is long CORN FUTURES; Brian Kelly is long JJG; Brian Kelly is short EWY; Anthony Scaramucci is long AAPL; Anthony Scaramucci is long C; Anthony Scaramucci is long JPM; Anthony Scaramucci is long GOOG; Anthony Scaramucci is long PEP.
