Tuesday, December 5, 2023
Home Finance Amazon falls ahead of next week’s earnings results. How to play stock

Amazon falls ahead of next week’s earnings results. How to play stock


Market Movers rounded up the latest reactions on Amazon from investors and analysts.

Ahead of a busy week of Big Tech earnings, the Nasdaq Composite shed more than 3% on the week. The pros discussed Amazon after JPMorgan said the e-commerce giant remains its “top internet pick.” The firm rates Amazon overweight.

Shares of the tech giant lost 3.5% on the week and closed Friday’s trading session down 2.5%.

Amazon reports earnings next Thursday after the bell and is held in Jim Cramer‘s Charitable Trust portfolio.

Amazon falls amid rising 10-year yield. How to play the stock ahead of earnings results next week



Source link

RELATED ARTICLES

What to know before rolling money from a 401(k) to IRA

Thoughtful young Asian woman handling personal banking and finance with digital tablet at home. Planning budget and calculating expenses. Managing taxes and financial...

There’s now a juiced-up way to get 4 times the return of the S&P 500 — but it comes with many risks

Traders work on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., November 17, 2023. Brendan Mcdermid | ReutersA...

Wells Fargo CEO warns of severance costs as layoffs loom

Charlie Scharf, CEO, Wells Fargo, speaks during the Milken Institute Global Conference in Beverly Hills, California on May 2, 2023. speaks during the...

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Most Popular

What to know before rolling money from a 401(k) to IRA

Thoughtful young Asian woman handling personal banking and finance with digital tablet at home. Planning budget and calculating expenses. Managing taxes and financial...

There’s now a juiced-up way to get 4 times the return of the S&P 500 — but it comes with many risks

Traders work on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., November 17, 2023. Brendan Mcdermid | ReutersA...

Wells Fargo CEO warns of severance costs as layoffs loom

Charlie Scharf, CEO, Wells Fargo, speaks during the Milken Institute Global Conference in Beverly Hills, California on May 2, 2023. speaks during the...

Stocks making the biggest moves premarket: GTLB, CVS, TTWO

Check out the companies making headlines before the bell. GitLab — GitLab shares popped more than 14% after the maker of developer tool...