Shares of Amazon (#AMZN) are up +2.61% year to date and down -8% since the company reported earnings last month. The stock is flat on the year and many investors are bearish in the short term.
Why are they bearish? The eCommerce giant reported that Q3 earnings would be less than what they just earned, which signals growth slow down. Actually, negative growth. To add fuel to the fire, Jeff Bezos has stepped down as CEO and Amazon Cloud Exec Charlie Bell is retiring. But is this all smoke in mirrors?
Late last month #Amazon reported Q2 earnings that showed impressive growth. Q2 Q2 GAAP EPS beat by $2.80 and revenue was up +27.2% Y/Y.
Are investors right by selling their Amazon shares because of lower guidance and executives leaving? Or should they be adding or initiating positions while the stock dips?