Should You Buy Amazon ETFs Ahead Of Q2 Earnings?
Zacks Investment Research | Jul 25, 2017 10:24PM ET
Amazon (NASDAQ:AMZN) is set to release second-quarter fiscal 2017 results on July 27 after market close. Being a market leader in online e-commerce, it is worth taking a look at the company’s fundamentals ahead of its results.
Amazon has been on a stellar run this year, having logged gains of nearly 43.7% so far but lagging the industry by wide margins. The trend might stall as Amazon has an unfavorable Zacks Rank and negative earnings revision trend ahead of its Q2 report. However, some fundamentals appear sound, suggesting that some good news might be in store for Amazon in the earnings report.
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Amazon has a Zacks Rank #5 (Strong Sell) and an Zacks Investment Research
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