Amazon CEO’s ‘Halo Effect’: Scaramucci

Tuesday, 29 Jan 2013 | 5:37 PM ET
Amazon CEO's 'Halo Effect': Scaramucci
Amazon CEO Jeff Bezos is now the new Steve Jobs, or at least getting the same kind of attention that is boosting his company, SkyBridge's Anthony Scaramucci said.

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.

  Price   Change %Change

Contact Fast Money

  • Showtimes

    Halftime Report - Weekdays 12p ET
    Fast Money - Weekdays 5p ET
  • Melissa Lee is the host of CNBC's “Fast Money” and “Options Action.”

  • Scott Wapner is host of the "Fast Money Halftime Report," which airs weekdays from 12 p.m. to 1 p.m. ET.

  • Guy Adami is a contributor on CNBC's "Fast Money." He also is managing director of stockMONSTER.com.

  • Najarian, the "Pit Boss," is cofounder of optionMONSTER.com, a news site for options traders.

  • Finerman is president of Metropolitan Capital Advisors, Inc., a company she co-founded.

  • Founder of EmergingMoney.com

  • Chief Market Strategist for Virtus Investment Partners & CNBC Contributor

Halftime Report

  • Jay Yarow, The Business Insider, and Steve Milunovich, UBS, discuss whether Tim Cook is to blame for Apple's drop in growth. I think it's pretty clear they missed the big phone market and overestimated the success of the plastic 5C phone, says Milunovich.

  • CNBC's Eamon Javers reports on Bill Ackman's stake in Allergan. Javers says this is a classic case of insider trading that is not against the rules.

  • FMHR trader Josh Brown thinks Dunkin' Brands looks fantastic technically, while Mike Murphy says investors are questioning the company's massive expansion plans.