In this clip from The Call @ Hedgeye, Retail analyst Brian McGough breaks down why they’re getting bullish on mega-retailer Amazon (AMZN).
“We haven’t ever had Amazon as a Best Idea Long because we haven’t had a variant view,” says McGough. “While the business has slowed and the company has really reset expectations, they’re really stepping on the accelerator… So while Retail is going to be rolling over next year, because of lack of stimulus, you’re going to see Amazon accelerate.”
(This clip is a small taste of what our subscribers get each day on The Call @ Hedgeye. In a nutshell, The Call is our morning research call hosted by Hedgeye CEO Keith McCullough with our 40+ analyst research team. It helps small and large investors alike make better decisions via unique and investable stock/sector updates Click here to learn more.)
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