HomeIndustriesTechnologyAMZN Bull Thesis in Ads & AWS, Expect July & August Market Volatility

AMZN Bull Thesis in Ads & AWS, Expect July & August Market Volatility

Phil Palumbo sees Friday's jobs report signaling a persisting "robust" economy. He goes as far to say inflation "won't be a problem" and thinks the Fed's needs to cut 25 to 50BPS near-term. However, Phil can't rule out a 5-8% market pullback later this summer. One of Phil's stock picks includes Amazon (AMZN), which he expects to continue strong growth through its AWS cloud platform and advertising revenue.

The Watch List

06 Jun 2025

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