Here are the analyst calls we are watching
"The pace of Amazon's YoY revenue growth often dominates headlines... Yet the shift in the investment thesis from one of revenue growth to one of profitability has us focused on a more important indicator: gross profit... In this note, we make the case that given Amazon's shifting business mix, the pace of gross profit growth has become a more relevant indicator of the health of the business, and as such, should be the key metric used to value the company...
"We have remained on the sidelines over the past several years as the company has attempted to work through a broad restructuring, but we are increasingly disappointed with the results of these efforts... We believe there is limited, if any, visibility into a potential inflection point towards improving traffic trends and are less than optimistic that gross margin can stabilize in the foreseeable future...
"We are upgrading shares of Hasbro to Market Perform, from Underperform, with a revised target price of $88 ... While we still think earnings could be pressured by tiring core franchises, we also think that the stock's multiple will expand as we approach major theatrical events later in the year...
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