How To Trade AMZN’s Gap Fill (Week 4/10)
@ZEROHERO:
The first quarter of 2023 was a remarkably profitable one for tech investors, helping to turn the corner on a nightmarish 2022. Stocks that were pummeled last year have rebounded with strong gains. The seven tech companies with market values above $500 billion -- Apple (ticker: AAPL), Microsoft (MSFT), Alphabet (GOOGL), Amazon.com (AMZN), Nvidia (NVDA), Tesla (TSLA), and Meta Platforms (META) -- have each rallied at least 20% in 2023, outstripping a 7% gain for the S&P 500 index. Investors think the Federal Reserve is nearly finished tightening monetary policy -- and they anticipate steady and then declining rates. As a result, miserable first-quarter results -- and they almost certainly are going to be pretty bad -- might not matter. Amazon sh