Amazon Web Services - Donnecommebernard

Why Amazon shares make profits unlike Meta and Microsoft

October 31, 2024 | angela | Leave a Comment

Amazon (AMZN) reported better-than-expected third-quarter results and provided strong guidance. Arun Sundaram, Senior Equity Research Analyst at CFRA Research, joins Market Domination Overtime hosts Alexandra Canal and Josh Lipton to discuss the results and why the market is less concerned with Amazon's spending compared to its peers artificial intelligence (AI) takes care of it. “Really, […]

The Dow and Nasdaq sink as Microsoft and Meta lead the selloff in tech stocks

October 31, 2024 | angela | Leave a Comment

In this story The Dow Jones Industrial Average fell more than 400 points Thursday morning, along with sharp declines in the Nasdaq and S&P 500, after Microsoft's weaker-than-expected earnings reports (MSFT-5.59%) and Meta (META-3.99%). super microcomputer (SMCI-13.76%) The stock continued to fall afterwards the resignation of Ernst & Young, the company's auditor, and now it's […]

Amazon profits are today. Here's what to expect

October 31, 2024 | angela | Leave a Comment

Amazon (AMZN) is expected to report its third-quarter results on Thursday after slightly falling short of expectations last quarter. The retail and cloud giant is expected to report revenue of $157.3 billion for the quarter ending in September, according to analyst estimates from FactSet (FDS). Amazon is expected to report earnings per share (EPS) of […]

Amazon stock falls as Wells Fargo downgrades shares

October 8, 2024 | angela | Leave a Comment

Shares of Amazon (AMZN) closed 3% lower on Monday as analysts at Wells Fargo (WFC) downgraded the shares, noting that the company's strength in the cloud services market will not be enough to overcome other hurdles for its to ward off profit margins. Wells Fargo analyst Ken Gawrelski downgraded the stock from Overweight to Equal […]