Hey, it's Kramer, and this is my morning take on the market from today's

CNBC Investing Club morning meeting.

There's a piece that came out this morning that explained, you came in this morning,

you said to me, Amazon, the stock has been incredible.

This piece, basically, this morning standing, this thing,

that explained why it's been incredible.

So in other words, the reason why the stock is down is what we found out is this is because we're starting

to see margin expansion. So the piece is basically a ratification of why the stock's been

going up as opposed to buy Amazon now. Very good piece of it. Yeah, so here was Amazon last

quarter in the stock.

Just got above that level yesterday to a new 52 week high.

But the story today, Morgan Stanley, names it a top pick.

A lot of it has to do with retail margins, expansion, getting earnings up to perhaps even $5

in 2025 in an upside scenario.

Gap earnings, I should point out, gap earnings.

Right, that's very important.

And Amazon has been, I've been very critical of Amazon's cost structure.

No more.

Right.

If this piece is right, no more.

Right, but we've been seeing a reduction in head count.

They're finally growing into that

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