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Amazon Stock: Investors Expect Too Much

TheMotleyFool

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Just a few weeks ago, shares of Amazon.com (NASDAQ: AMZN) touched a new all-time high above $3,700. This pushed the retail and technology giant's fully diluted market cap to just shy of $2 trillion.

However, Amazon stock pulled back 8% after its late-July earnings report, as second-quarter revenue fell short of the analyst consensus and the company issued a weaker-than-expected forecast for the third quarter. While Amazon continues to produce very strong results by ordinary standards, these disappointments suggest that investors may have unrealistic expectations for the e-commerce titan.