Next week will see Amazon (AMZN) step up to the earnings plate. The company will deliver 4Q21’s financials on February 3 (Thursday, AMC) and investors will be hoping the performance will enable the stock to perform a turnaround. So far, shares have retreated by 15% in January’s market wide carnage. Don’t get your hopes too high, though, appears to be the message from Wedbush’s Michael Pachter. The analyst expects “gloomy year-end results driven by macroeconomic factors.” He attributes his bearish outlook to the "ongoing supply chain crisis and full U.S. employment," which "likely limited Amazon’s fulfillment capabilities during the holiday quarter.
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