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Our Retail analyst Jeremy McLean explains to Hedgeye CEO Keith McCullough why our Retail team went bullish on Amazon last weekend ahead of today’s blockbuster earnings report and why his team is even more bullish going forward.

Shares of Amazon surged well over 10% today following a very strong Q2 earnings report.

“From a top down perspective, Amazon is the quintessential Quad3 stock to own,” McCullough adds.

“Quad 3 is when the aggregate of the consumer is slowing, but you buy growth where you can find it, and stability in cash flow. I think that’s the dynamism of your call—that it’s really about that visibility you have on EBIT as opposed to a breakout in consumer spending.”

Why We Were (And Remain) Bullish On Amazon <abbr name='Amazon.com Inc.'>AMZN</abbr> - Call Banner