Usually when a growth stock missed on earnings and shows margin pressure like Amazon did last quarter, it's the kiss of death. Analysts have been slashing estimates after their miss, yet the stock is approaching an all-time high. What's the story here? How is Amazon dodging the pain?
Oldest trick in the book.... they lower "estimates" so the lowered results can beat them. Then instead of looking back and seeing how the actual results are lower than they were, the small retail investor only sees "beat estimates" and the price goes up even more.