NEW YORK ( TheStreet ) -- During the last month, the Nasdaq has caught a cold. Before Wednesday's turnaround, it was down about 5%. Amazon ( AMZN ), meanwhile, has caught pneumonia. Its shares are down over 10% during that time, and have fallen 17% for the year. The stock was recently trading at $330.14, down 1.7%. Amazon has become a proxy for the Nasdaq's troubles, because it is managed for growth instead of for profits and growth slows as a natural consequence of numbers getting bigger. My own trading view, however, is often wrong. In January, I wrote that you should buy shares of Amazon, and everyone sold. The stock is down about 8% since my call. [Read: Why HP's Turnaround Plan Is Starting to Work ] The company, which reports earnings on April 24, is in great shape. Analysts are expecting first-quarter revenue of $19.4 billion, 21% higher than last year. They also expect a profit. Should Amazon fail to meet those estimates, expect another leg down in the stock price.