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Benzinga
Benzinga
Business
Melanie Schaffer

A Look At Amazon As The Stock Prepares To Tackle Market Bull Cycle Indicator

Amazon Nasdaq Steve Weiss

Amazon.com, Inc. (NASDAQ:AMZN) was trading about 1.3% lower on Friday in consolidation after soaring up over 18% between July 28 and Thursday, which was in response to the company printing a second-quarter revenue beat.

Although shares of Amazon have increased significantly as of late, market bear Steve Weiss became a big-tech bull on Thursday, purchasing shares of Amazon, Apple Inc (NASDAQ:AAPL) and Alphabet, Inc (NASDAQ:GOOG) (NASDAQ:GOOGL).

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