Amazon.com Inc (AMZN)

[NewMoney]

Ok. I get that some people hate amazon, and how “evil” Wall Street is perceived as being, but they are about to report what will probably be epic earnings. Now I could be wrong about that I suppose but I can’t think of a scenario for earnings to not be epic. The street rewards earnings growth, that’s actually pretty much all they reward, expected near term earnings growth, so I’m thinking near term the stock isn’t going to tank or anything of that nature.

I will say that a “sell the news” profit taking event could be in the cards right after earnings but Amazon will continue to take market share for some time. I see this going right past $3000 in the next year or two. Why would I go to the mall filled with diseased unpredictable humans? Amazon will continue to grow and the malls will continue to die. Retailers that get on the online train will be fine, Walmart has not been destroyed by amazon.

I heard someone the other day say “Remember going to the drive-in theater?” Soon they will say “Remember malls?”

And that will be because Amazon took their market share. Hate it if you want to but I would get used to it.