AAPL And AMZN Earnings Preview

AMZN reports after the close. Goldman, which has the company at 7 out of 10 on a positioning scale, writes the online retailer is a relative laggard on the year (“only” +5% ytd), as it has had to contend with tariff uncertainties (which have abated in recent weeks) + some technical/flow headwinds (Bezos stock selling) + debates on AWS growth into the second half.  Still a Long for most, but Goldman feels some 2-way tactical positioning.