Amazon Cloud Earnings Outlook Directing Market Action

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  • #18650
    ThePitBoss
    Participant

    Retail monster Amazon.com report third quarter earnings Thursday….

    [article]1130[/article]

    #18658
    TradersCom
    Keymaster

    Jeff Bezos has been forthright in expanding $AMZN from just a retail online base to of course the beast that is AWS but also his moves off tech such as wholefoods etc show a clear horizontal and vertical hedging for the company in effect. The company has matured which is great for longevity but also shows how highs price wise to PE the stock is. $300 down is still a lot – may not seem so in percentage terms but to leveraged stock holders I am sure it is.

    #18726
    ThePitBoss
    Participant

    Amazon Analysts After Earnings

    10/26/18 Jefferies Maintains Buy 2,300.0
    10/26/18 Bank of America Maintains Buy 2,000.0
    10/26/18 Barclays Maintains Overweight 1,950.0

    #18774
    ThePitBoss
    Participant

    Amazon.com Inc. (NASDAQ: AMZN) price target CUT to $2,050 from $2,075 at JMP Securities. Now that’s a gutsy move with $AMZN closing Friday at $1,642.81, down near 8% on the day.

    #19675
    ThePitBoss
    Participant

    Wed Amazon.com Inc. (NASDAQ: AMZN) maintained as Buy at Deutsche Bank, but lowered its target price to $2,250 from $2,300 in the call.

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