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ฺGoldman Telling Client to Buy Amazon Call Options

Goldman is telling clients to buy Amazon bullish calls in anticipation of first quarter earning release this coming April 24 even though the stock has been lacking the S&P500 by 20% so far this year.

Goldman is suggesting clients to buy May $320 call and expect the stock to climb up to $350 after earning release. Amazon is expected to earn 24 cents a share and 19.4 billion in revenue. Goldman's Analyst stated that Amazon stock is one of the best long-term growth bet in the internet sector and expect the stock to jump by as much as 46% in the next year.