With three big tech earnings out Thursday, how should you be positioned?
This stock has been the object of much speculation with shares of Amazon on a decline lately, after climbing over 150% in 2009 to $140. Bullish investors believe Amazon is well positioned as a sea change takes hold and more and more people shop online.
Meanwhile, Amazon's e-reader call the Kindle marked a milestone on Christmas Day; it sold more e-books than physical copies for the first time.
Considering Amazon is now trading at the same levels as 3 months ago, what’s the trade?
I still think Amazon could trade down to $106, says Guy Adami. But if it does, that’s an entry point.
I just don’t see how huge growth isn’t already priced in, says Karen Finerman. Despite the slide the stock remains very expensive.