HOLD AMZN
0 shares at $264.62 on 2026-05-18
Reasoning
AMZN position (2.06 shares, $547.23 market value, 6.9% of portfolio) is held through NVDA earnings on May 20 per macro risk Rule 27. Portfolio is 85% cash and well-positioned for post-NVDA deployment. Bull case (NVDA beat + raise) targets AMZN $275-280; bear case (miss/weak guidance) risks 3-8% pullback. No new playbook actions available. AMZN benefits from Tepper's recent doubling and is non-AI revenue diversified, making it most resilient to NVDA downside. Thesis remains intact; no corroborating signal change warrants trade before earnings binary resolution.