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U.S. Day Ahead: Optimism too high ahead of Amazon results

Wednesday, April 24, 2013 - 02:20

April 24 - With Amazon shares up over 40% in the past year, the Street is being too bullish on the tech company’s future prospects, according to Reuters Breakingviews’ Rob Cyran.

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-- street's betting Amazon has replaced apple as the hot hand of tech when it reports on Thursday Amazon shares have soared 40% in the last year with analysts coping skills could rise rapidly along with future margins. Bernstein research is expecting margins to beat estimates by almost 1%. But -- breaking news rob siren warned investors don't believe the height. Amazon's been able to deliver revenue growth in the past it's also been able to -- for profit. The problem is the -- never been able to deliver both the same time. That Wall Street's optimistic that the future will be different. They think he's raising new services like web services and third party delivery we'll Sunday delivering her honest and investors. Given his past I see little reason for such optimism. -- trigger followers agree pat who's his hand says amber is on its glitzy focus instead on the real economy like home builders. What could sequester -- the sudden rise of airline stocks. We'll find out when jetBlue and Southwest Airlines report results analysts say both companies will have a decent quarter. With southwest earnings set to jump into the black and jetBlue coming in flat. But there are clues of turbulence ahead from their competitors in its earnings delta highlighted weaker ticket sales and its defense business. US Airways said its government revenue tumbled over 30%. In March. On top of that there have been delays at airports after the Federal Aviation Administration furloughed thirteen thousand air traffic controllers. For eleven days. Looks like hedge fund heavyweight Carl Icahn could get an edge over his rival bill Ackerman and they're very public -- life spewed. Icon is likely to get to -- if people nominee into the company's board at Herbalife shareholder meeting. That means he could have access to valuable nonpublic information which could put -- men's one billion dollar bet against Herbalife under pressure. The company's shares are up 11%. Since the beginning of the year it reports results on April 20 ninth. Profits are set to rise by 22%. In the first quarter. We'll follow us on Twitter and Reuters Insider and get more of our videos at Reuters dot com slash writers TV I'm Heidi mom this is for years.

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U.S. Day Ahead: Optimism too high ahead of Amazon results

Wednesday, April 24, 2013 - 02:20