With the first-quarter earnings for the most part coming in solid so far, it’s always a coin toss to determine if one should buy stock prior to the numbers or wait for the results. Typically, large cap technology stocks are a little more predictable than say a biotech company, but it always remains a far more volatile time to buy then long after earnings — good, bad or indifferent — have been factored in.
A new Wedbush report focuses in on upcoming earnings, and the companies they feel will show a reasonably good print based on solid business during the quarter. The analysts feel that may be a good buy in front of their earnings releases next week.
Amazon
This company is the absolute leader in online retail, as well as a dominate player in cloud storage business, but it missed estimates badly and got hit hard in January. Amazon.com Inc. (NASDAQ: AMZN) serves consumers through retail websites, which primarily include merchandise and content purchased for resale from vendors and those offered by third-party sellers. In addition, the company serves developers and enterprises through Amazon Web Services (AWS), which provides compute, storage, database, analytics, applications and deployment services that enable virtually various businesses.
AWS is the undisputed leader in the cloud now, and Merrill Lynch sees the company expanding and moving up the enterprise information value chain and addressing a larger total available market. The company has had numerous recent product announcements, including Aurora for relational database engine, Quicksight for business intelligence and AWS Database Migration Support Service.
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