It's been a long week, so we kept it short and sweet.
Why Amazon Is Suffering
The company issued weaker-than-expected Q1 guidance and analysts were worried about the uncertainty in India.
TheStreet's Martin Baccardax reported that Amazon said earnings for the three months ending in December surged to $6.04 a share, well ahead of the consensus forecast of $5.68, as sales rose 20% to a record $72.4 billion. However, the group also guided for first quarter sales in the region of $56 billion to $60 billion, missing the Refinitv estimate of $60.77 billion, citing regulatory uncertainty in India, a key growth market, raising questions over its uneven international strategy.
"There is much uncertainty as to what the impact of the government rule change is going to have on the e-commerce sector there," Amazon CFO Brian Olsavsky told investors on a conference call late Thursday, in reference to new rules that restrict foreign-owed companies from selling good through vendors in which they have an ownership stake. "We remain committed to complying with all laws and regulations, we will, but we're evaluating the situation."
How 'Bout That Jobs Number?
It ain't all bad news.
Nonfarm payrolls climbed by about 304,000 in January, the Department of Labor's Bureau of Labor Statistics said in a report on Friday, Feb. 1.
Cramer discusses the implications the report and will have on the market and the larger economy.
The Final FAANG
According to FactSet, analysts expect an earnings per share of $10.86.
Here's what Cramer thinks about the earnings.