Jun. 2 at 4:55 PM
$AMZN very much underperforming the market for the year. nasdaq at highs and with this stock having a beta of 1.45, it should theoretically be up closer to 28-30% ytd barring stock specific news (earnings have all been strong, low fcf due to expanded capex putting a damper on price). the market is ready to punish names for higher spend. vix at lows, markets at highs... not the best time to go long AMZN on a macro tape. stock off aths, id love to revisit this back under
$220 should the market correct.