Amazon ended the first quarter with a very sluggish revenue increase, +7% to $ 116.4 billion in the last three months of last year – the slowest year-over-year expansion rate since 2001. Earnings per share, which was below forecasts, was penalized by the $ 7.6 billion loss generated by the investment in Rivian. The forecasts for the second quarter are below expectations. Revenues are estimated at between $116 and $121 billion. The range of the operating income is very wide, ranging from a loss of one billion dollars to a profit of 3 billion. In Amazon’s case, therefore, both the results and the outlook penalizes the stock.

We recommend a multiday operation: go SHORT on the stock, upon closing below $2,500, by buying the Leverage Shares Amazon -1X ETP (ISIN: IE00BKT66S86) with a short-term target towards $2,300. Alert/stop loss should be above $2,700 (closing daily).