Forward P/E is 60 which is pretty good for Amazon (AMZN), notes Kevin Riley. He and Nick Jones discuss the takeaways from AMZN’s 3Q earnings. Kevin highlights that AMZN has beaten EPS estimated in seven of the last ten quarters. They talk about how AWS measures up versus cloud competitors. Nick mentions that the retail business remains resilient, notably in consumables and everyday essentials. He doesn’t view 3Q results or 4Q outlook as thesis changing. They then go over the outlook for mega cap stocks in 2024. Tune in to find out more about the stock market today.