What Amazon's Earnings Mean for the Rest of FAANG

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Amazon (AMZN) - Get Report reported earnings after the bell Thursday. 

Tony Owusu, reporter for TheStreet who covered Amazon earnings, and Danielle Shay, director of options at Simpler Trading.

Should investors be worried about the FAANG stock after it reported earnings that missed expectations?

"Amazon is absolutely one of the best brands in the world. It's one of the most recognizable brands. However, it did miss earnings, but I think investors are more concerned about the miss with Amazon web services and miss analyst's estimates. And that's been the goose that's been laying the golden eggs. I think that's what investors are reacting to. Also the misguidance. So, short answer is no. Amazon is fine. It's not going anywhere, but this is concerning in the short term. But if you're a longterm investor, I think it's fine," said Owusu.

Watch the full video to see what Shay has to say about Amazon's earnings. 

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