Amazon (AMZN) & Apple (AAPL) Earnings, Argus With Stock Buy Ratings

<p>Amazon (AMZN) reported 3Q earnings with a miss on revenue and faces higher labor costs, says Jim Kellerher of Argus Research. He says Amazon had an impressive 4th quarter revenue number, but is facing slowing demand as the economy reopens and normalizes. Argus has a buy rating on Amazon. Apple (AAPL) missed the 3Q estimated revenue number, but revenue still grew at double digit numbers, he points out. Argus has a buy rating on Apple and raised its price target to $180 from $160 on Apple.</p>