How to Play the Earnings Collapse

Even Amazon is struggling to turn a profit during this pandemic…

This story was originally published here.

“If you’re a shareowner in Amazon, you may want to take a seat…”

That was the warning from Jeff Bezos when Amazon.com Inc. (Nasdaq: AMZN) released its earnings report last week. The company, he said, planned to spend all of its $4 billion profit next quarter on pandemic-related expenses.

With demand for its online retail, cloud and streaming services surging due to the crisis, Amazon looked perfectly positioned to turn a profit. But even it is struggling to navigate the challenges posed by the virus.

We’re now just over halfway through earnings season. So what can we learn from the companies that have already reported?

Right now, first-quarter earnings are down about 13% from the same period last year. That’s the worst earnings decline since the financial crisis.

But things will soon get much worse…

Keep in mind, first-quarter earnings numbers include the months of January and February — that’s before the crisis even hit.

But amidst the turmoil, there are a couple of key sectors bucking the trend … and they offer opportunities to make solid gains.

Editor's Note: Click here to keep reading.

Critical Update on Memorandum O-2518

You may have already heard of Presidential Memorandum O-2518… it's one of many reasons that 5G’s reach could soon soar by as much as 22,540% to become a $12 trillion market.

But what you might not have heard of yet is the tiny stock that is uniquely positioned to take advantage of this massive move.

Even if this stock only captures a fraction of this market, you could still capture life-changing gains.

As of right now, you can still get in for under $10 a share. But I don’t expect it to be trading here for long.

This fast-moving shift to 5G Spectrum technology is already underway. And the time to take decisive action is now.

Get the full details here.