The earnings season for Mag 7 kicked off with Tesla posting mixed numbers, closing in the red. Apple, Amazon, Alphabet, and Microsoft are up next. Amazon is the worst-performing stock this year, with a modest 3.4% gain. Analysts anticipate Amazon’s Q3 revenues to reach $177.7 billion, up 11.9% YoY, with EPS expected to rise 9.8% to $1.57. Analysts foresee a positive outlook for Amazon. Brokerages have raised Amazon’s target price, with a mean target price of $267.30, 19.2% higher than current levels. The author remains bullish on Amazon, citing favorable risk-reward and reasonable valuations.

Read more at Yahoo Finance: Can Q3 Earnings Turn the Tide?