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Pros on CNBC discussed talk about Amazon as the stock fell Friday

October 20, 2023 | 05:40pm

Amazon falls ahead of next week’s earnings results. How to play the stock now

Market Movers rounded up the latest reactions on Amazon from investors and analysts.

Ahead of a busy week of Big Tech earnings, the Nasdaq Composite shed more than 3% on the week. The pros discussed Amazon after JPMorgan said the e-commerce giant remains its "top internet pick." The firm rates Amazon overweight.

Shares of the tech giant lost 3.5% on the week and closed Friday's trading session down 2.5%.

Amazon reports earnings next Thursday after the bell and is held in Jim Cramer's Charitable Trust portfolio.

This story originally appeared on: CNBC - Author:Christina Falso

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