Bank of America favors Amazon among its FANG peers heading into earnings season

A worker assembles a box for delivery at the Amazon fulfillment center in Baltimore, Maryland, April 30, 2019
Clodagh Kilcoyne | Reuters

Regulatory scrutiny is pushing some growth investors out of FANG stocks, but Bank of America is still bullish on Amazon heading into earnings season, the firm said Tuesday.

Bank of America is forecasting third-quarter earnings above Wall Street estimates driven by Prime One Day Shipping revenues.