News
AMZN
186.21
+0.81%
1.49
CVS Stock Discovers a Medicare Disadvantage
CVS Health shares plunged 19% on Wednesday, their largest decline since 2009. The company blamed the Medicare Advantage program for its failure to meet quarterly earnings expectations. CVS's medical insurance costs came in $900 million higher than expected, mostly from its Medicare Advantage plans. The euro zone exited recession last week.
Barron‘s · 4h ago
Time to Buy Apple's Stock After Record Q2 EPS?
NASDAQ · 5h ago
Mag 7 Leadership Reflects Earnings Power
NASDAQ · 5h ago
S&P 500: Recession To Hit Right Before The Election
Ism Services for April shows contraction in the U.S. Service sector. The labor market report for April showed that the economy added 175K fewer jobs than expected. The ISM Services PMI for April came at 49.4, which indicates a recession in Q3 2024. S&P 500 is facing a recessionary bear market. An imminent recession is due to an inverted yield curve.
Seeking Alpha · 6h ago
Amazon Amends Bylaws to Determine Judicial Venues
Amazon.com says Delaware court will be exclusive forum for certain state corporate law or derivative claims. The company says federal district courts will be the exclusive forum to resolve claims under the Securities Act of 1933. Amazon's action comes as the issue of lawsuit venue shopping has gained more attention.
Dow Jones · 6h ago
A Rising Yen Is Good for Stocks. Here's Why.
Japan's currency is starting to rebound against the U.S. Dollar. The yen has lost 11% against the dollar this year. The Bank of Japan tried to support the yen this past week. The reversal in the dollar against the yen is good news for global markets. A stronger yen also means a weaker dollar, which should be a relief for multinationals.
Barron‘s · 6h ago
Amazon Stock Is on a Roll. Here's Why It's on This Firm's 'Best Ideas List.'
Barron's: Amazon.com reported strong first-quarter results. TJX Cos. Is upgraded to Buy from Neutral. The box office has faced challenges from last year's labor strikes. Boeing and Eli Lilly & Co. Have strong growth profiles, analysts say. Benchmark Cinemark Holdings is a buy.
Barron‘s · 6h ago
Amazon Stock Is on a Roll. Here’s Why It’s on This Firm’s ‘Best Ideas List.’
Amazon reports strong first-quarter results. Revenue and operating income both ahead of expectations. Amazon Web Services and advertising revenue grew faster than expected. The company has now reported operating income above the high end of its guidance range for five consecutive quarters. The shares are up 2.5%.
Forward News · 6h ago
Amazon.com Inc. stock rises Friday, still underperforms market
MarketWatch · 7h ago
3 Intriguing Stocks to Buy After Beating Q1 Earnings Expectations
NASDAQ · 8h ago
Amazon CEO Violated Labor Laws with Anti-Union Comments, NLRB Rules
A National Labor Relations Board judge rules that Amazon CEO Andy Jassy violated federal labor laws. Jassy made comments in 2022 about the downsides of unionization in select media appearances. He will not be penalized for the comments. The judge ordered Amazon to post a notice of employee rights at all of its U.S. Facilities.
Forward News · 9h ago
Apple's Latest Quarter Wasn't Very Good. There Are 3 Reasons Investors Still Loved It.
Apple's sales in Greater China weren't as bad as Wall Street had feared. Apple's hardware sales declined nearly 10% in the quarter from a year earlier. The company is lagging behind in artificial intelligence software. Apple announced a new $110 billion stock repurchase program.
Barron‘s · 9h ago
LIVE MARKETS-Communication services sees biggest gain in earnings growth
Communication services sees biggest gain in earnings growth Dow, S&P 500 up >1%; Nasdaq rises almost 2%. Communication services is leading year-over-year earnings growth for the first quarter. Consumer discretionary is set to have the second-biggest growth since April 1.
Reuters · 9h ago
The Market Dodges Another Downfall. Everything's Awesome.
The S&P 500 dropped 0.6% during the last 10 minutes of trading on both Tuesday and Wednesday. It's rare to see such a large drop in a single day during a crisis. The market is down just 4.5% from its record high. April was the worst month for the market since September.
Barron‘s · 11h ago
SpaceX wins temporary block on NLRB case over fired engineers
SpaceX wins temporary block on NLRB case over fired engineers. National Labor Relations Board case accuses SpaceX of illegally firing engineers who criticized CEO Elon Musk. SpaceX is accused of firing eight engineers who signed a letter accusing Musk of sexism and other misconduct. The company says the NLRB's structure violates the Constitution.
Reuters · 11h ago
The shift from active to passive equity funds is not reinforced by concentration - JPM analyst
The shift from active to passive equity funds is not reinforced by concentration - J.P. Morgan analyst. Active equity mutual funds are bearing the brunt of equity fund selling in April. Magnificent Seven stocks outperformed their benchmark in 2023 and year-to-date. J. P. Morgan is skeptical that the shift is reinforced by increasing U.S. Equity market concentration.
Seeking Alpha · 12h ago
Cyclical stocks earnings recap: 8 out of 16 beat market consensus
Consumer Cyclical stocks earnings recap: 8 out of 16 beat market consensus. Big consumer cyclical names reported Q1 earnings results during this week. 8 of 16 cyclical stocks part of the Consumer Discretionary Select Sector SPDR Fund posted an earnings beat, 4 missed market estimates. Dominos, Expedia, Starbucks, and McDonald's topped expectations.
Seeking Alpha · 12h ago
Wage Growth Slows – Stock Market Celebrates, Five Real Reasons Apple Is Running Up
There is aggressive buying in stocks, bonds, gold, silver, and bitcoin on the jobs report. Apple is running up and creating positive sentiment in the stock market. Apple announced the largest buyback in corporate history. The consumer may stop spending excessively and slow down earnings growth.
Benzinga · 12h ago
Benzinga's 'Stock Whisper' Index: 5 Stocks Investors Secretly Monitor But Don't Talk About Yet
The Benzinga Stock Whisper Index for the week of May 3 showcases five stocks that warrant attention. The electric vehicle company Nio Inc saw shares trade higher after reporting April vehicle delivery figures. Emergent Biosolutions Inc and Plug Power saw shares volatile after announcing new contracts. The cybersecurity company CrowdStrike announced a partnership with Amazon.
Benzinga · 12h ago
REFILE-Intesa targets new digital-only clients after antritrust blow
Intesa acquired 90,000 customers through its digital-only arm Isybank. Antitrust ruling derailed client migration timetable - Italy's biggest bank. Intesa has moved more than 350,000 existing customers after antitrust blow. Technology side of project progressing well - Intesa to migrate full group IT infrastructure by end-2026.
Reuters · 13h ago
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About AMZN
Amazon.com, Inc. provides a range of products and services to customers. The products offered through its stores include merchandise and content it has purchased for resale and products offered by third-party sellers. The Company’s segments include North America, International and Amazon Web Services (AWS). It serves consumers through its online and physical stores and focuses on selection, price, and convenience. Customers access its offerings through its Websites, mobile apps, Alexa, devices, streaming, and physically visiting its stores. It manufactures and sells electronic devices, including Kindle, Fire tablet, Fire TV, Echo, Ring, Blink, and eero, and it develops and produces media content. It serves developers and enterprises of all sizes, including start-ups, government agencies, and academic institutions, through AWS, which offers a broad set of on-demand technology services, including compute, storage, database, analytics, and machine learning, and other services.