Amazon stock

Analysts reacted positively to the report, seeing Amazon as a standout amongst its peers, especially other retailers.

The firm maintained its buy rating and raised its price target to $170 from $168. — CNBC's Michael Bloom contributed to this report. The firm boosted its price target to $200 from $195 and kept its overweight rating. The firm raised its price target to $185 from $175 and maintained its overweight rating. The firm reiterated its overweight rating and move its price target to $175 from $170. The firm noted that management is effectively navigating the cost environment, and that it sees services and AWS growing going forward. The firm has a buy rating and $175 price target the stock. Here's what other analysts had to say: Deutsche Bank The firm raised its price target to $175 from $155 on the report and kept its buy rating on shares.

Why won't Amazon's board unlock the caged value of AWS and Advertising to make investors better off?

By contrast, with the exception of its relatively small physical stores unit (+10% in the quarter), Products is shrinking, losing money, and fraught with labor and logistical challenges that are likely to defy solutions over the long run. More importantly, AWS has no doubt benefited tremendously by developing new services to help Amazon operate its ecommerce business. More specifically, I would encourage the company to create two new ones: Meanwhile, Amazon’s products businesses put in a more mixed performance. - AWS enjoyed 33% growth to $19.7 billion which exceeded the consensus by $140 million. Amazon’s second quarter revenue of $121.23 billion exceeded the consensus estimate by $2.1 billion.

Investors cheered the e-commerce giant's Q2 revenue growth and Q3 revenue guidance, driving shares up nearly 14% in Thursday's after-hours trading session.

Inflation is high and many consumers and business leaders are concerned that a U.S. (or global) recession is on the horizon. Operating cash flow fell 40% year over year to $35.6 billion for the trailing 12 months. (The consensus was $0.16 at the time of my earnings preview.) It was far from a strong quarter, but it was a solid one in the context of the macroeconomic environment. My back-of-the-envelope calculation indicates that absent the Rivian stock valuation loss, earnings per share (EPS) would probably have just slightly missed the the $0.13 Wall Street estimate. Free cash flow will vary considerably based upon how much money Amazon is investing in growth initiatives. This result fell considerably short of the analyst consensus estimate of $0.13 per share. The company's revenue performance was stronger than the percentage growth numbers suggest. The North America segment's performance was particularly impressive given the previously mentioned quarter-shifting of Prime Day and the high-inflation macroenvironment. Amazon's net quarterly sales grew 7% year over year to $121.2 billion, surpassing the $119.1 billion Wall Street had expected. Operating income decreased 57% year over year to $3.3 billion. That result also slightly beat the company's guidance range of $116 billion to $121 billion.

The stocks making the biggest moves in premarket trading include Amazon, Roku, Intel, Chevron, and more.

Exxon Mobil (XOM) – Exxon Mobil added 2% in premarket action after the company posted a better-than-expected second-quarter profit. Its shares fell 2.9% in the premarket, however, after it issued weaker-than-expected current-quarter and full-year guidance, amid a weak macroeconomic environment. Procter & Gamble (PG) – Procter & Gamble missed estimates by a penny a share, with quarterly profit of $1.21 per share. The shares fell 3.6% in the premarket as the consumer products giant predicts organic sales growth of 3% to 5% for the current fiscal year, the slowest since 2019 as consumers grow more cautious. Its revenue drop from a year ago was its largest in more than a decade, and its current-quarter guidance fell short of forecasts. Roku also issued weaker-than-expected guidance as both ad sales and sales of its video streaming devices remain under pressure.

U.S. stock index futures rose on Friday after Wall Street welcomed Amazon and Apple earnings reports amid hopes for a slower pace of Federal Reserve ...

We are more in the ‘realist’ camp at the moment and remain somewhat cautious,” said Nicholas Colas, co-founder of DataTrek. “If you think corporate earnings will either remain strong or rebound quickly from any recession, then stocks are modestly attractive here. The S&P 500 is up 7.6% for the month, but remains down 14.6% for the year-to-date. Elsewhere on the economic data front, a final reading from the University of Michigan’s July consumer sentiment gauge on Friday came in at 51.5, compared with the consensus 51.1. The weak GDP figures had caused bond yields and the dollar to move lower on Thursday, but on Friday the U.S. 10-year Treasury yield TMUBMUSD10Y, 2.645%was up 1.7 basis points to 2.695%. The U.S. dollar was up slightly, with the ICE U.S. Dollar Index DXY,up 0.2% to 106.59. On the economic data front, a key gauge of U.S. inflation rose 1% in June, led by higher fuel prices, in a sign that price pressures in the economy are still intense and unlikely to relent quickly. But the inflation data couldn’t dissuade equity bulls, who continued to focus on better-than-expected corporate earnings and hopes for a more accommodative Fed. With nearly half the companies having reported, the S&P 500 has so far seen a blended profits growth rate of 7.6%, with 76% beating profit forecasts, according to IBES data from Refinitiv. On Thursday, the Dow Jones Industrial Average DJIA, +0.25%rose 332 points, or 1.03%, to 32530, the S&P 500 SPX,increased 49 points, or 1.21%, to 4072, and the Nasdaq Composite COMP,gained 130 points, or 1.08%, to 12163. On Friday, the final trading day in July, Wall Street was looking to register a third day of gains in a row as traders reacted favorably to results from two of tech’s biggest behemoths; Apple AAPL, +3.22%up 3.6% and Amazon AMZN,up 11.8%. “The numbers today were another reminder that we cant just pretend that inflation isn’t going to be the problem for a data dependent Fed,” said Steve Sosnick, chief strategist at Interactive Brokers. Stocks have rallied hard in July, with the S&P 500 and Nasdaq Composite both headed for their biggest monthly gains since November 2020, according to Dow Jones Market Data.

Investor expectations were low heading into Amazon's (NASDAQ: AMZN) second-quarter earnings report Thursday afternoon. After all, the tech stock had already ...

John Mackey, CEO of Whole Foods Market, an Amazon subsidiary, is a member of The Motley Fool's board of directors. After a successful Prime Day earlier this month and with the holiday quarter to look forward to, Amazon's stiffest headwinds in e-commerce are likely behind it. CFO Brian Olsavsky said on the earnings call that the company expected to grow into its excess capacity in the second half of the year, which will improve profitability. That tailwind, combined with strong growth in AWS, means that the stock has probably bottomed out from the sell-off. In addition to the upside in e-commerce, Amazon's third-quarter guidance indicates that revenue growth is already reaccelerating. They just revealed what they believe are the ten best stocks for investors to buy right now... The good news for investors is that the current headwinds in the e-commerce business should eventually end. On the bottom line, it sees operating income of $0 to $3.5 billion in the third quarter, below the $4.9 in operating income it made in Q3 2021. Revenue increased 7%, or 10% in constant currency, to $121.2 billion, ahead of the Wall Street consensus at $119.1 billion and the company's own guidance of $116 billion to $121 billion. In North American e-commerce, which includes the company's highly profitable advertising business, net sales increased 10% to $74.4 billion. In a tough environment, Amazon beat both analyst expectations and its own guidance, driving the stock up 13% after hours on Thursday. Amazon lost $1.8 billion outside North America, down from a $362 million profit in Q2 2021.

Solid earnings reinforce the idea that many companies are still able to meet—or beat—sales estimates even amid high inflation and a slowing economy.

has risen 0.9%, and the The The Dow Is Steady, Amazon Is Soaring—and What Else Is Happening in the Stock Market Today

The Wall Street Journal's full markets coverage at the end of a busy week of earnings and economic data.

Shares of Amazon.com Inc. undefined shot up 11.8% in morning trading Friday, in the wake of second-quarter results, to put them on for the best one-month...

The stock has run up 28.8% in July, to snap a three-month losing streak in which it tumbled 34.8%, amid growing concerns over the effect Shares of Amazon.com Inc.

Shares of Amazon.com were up 11% in Friday morning trading, riding the momentum driven by a second-quarter earnings release yesterday that led to [an ...

Amazon took another charge for the declining value of its Rivian Automotive holdings in the second quarter.

(AMZN) earnings before, with the declining value of Amazon’s Rivian shares hitting Amazon results back in the first quarter too. Rivian Rivian Automotive