Here is my bold prediction. AMZN will drop $50 AH. It will be traded at $425. Once again, I should say I dont trade AMZN.
ADI is trading at $58.47 now. I believe ADI will revisit $60 sometime next week. I would rate it as buy now. I am trading ADI for over 15 years.
More about AMZN, The results were very good. However lets say if they double the earning for the next 3 Q, the yearly earning will still be less than a buck. The $70 rally after earning was just a well done sign by investors and does not reflect the high valuation. Lets say for the next 3 Q their earning is doubled and their earning for a year becomes one dollar (right now it is minus 88 cents), and the stock does not go up and stays in the same level. P/E would be over 700 !!!! Market is over valued? Hell NO