It didn’t take long for Palantir stock to rally back near highs after a quick pullback to the 50-day moving average. Palantir Technologies (PLTR) headlines another busy week of earnings in the technology sector, along with Amazon.com (AMZN), Google parent Alphabet (GOOGL) and Fortinet (FTNT). Other top-performing growth stocks on the earnings calendar include Apollo…
Oracle (ORCL) stock fell Friday after an analyst downgraded the stock to sell, citing a “gen AI hype cycle” that has stretched the company’s valuation and recent “uninspiring” earnings results. In a new client note titled “After a Year Filled with Hype, Froth, and Bold Capex Plans – Downgrading ORCL to Sell,” Monness Crespi Hardt…
Amazon (AMZN) stock is building on its postelection rally by notching another record high Wednesday. Shares of the tech giant are rallying as Amazon launched a discount-focused e-commerce service, an answer from the company to the rapid rise of PDD Holdings‘ (PDD) Temu. ↑ X NOW PLAYING Why Amazon Is Expanding Into Everything From AI…
AI stocks Meta Platforms (META) and Oracle (ORCL) lead the parade of top five stocks to watch near buy points this week. Netflix (NFLX), TG Therapeutics (TGTX) and GoDaddy (GDDY) also make the cut. Meta stock and Netflix stock eye buy points. TG Therapeutics has broken out while GoDaddy briefly did. Oracle stock may offer…
Indexes weakened in afternoon trading and closed near session lows Friday in a middling rebound to the prior day’s sell-off. But indexes held above critical chart levels. The Dow Jones Industrial Average closed 0.7% higher and a fraction above its 50-day moving average. The S&P 500 trimmed its gain to 0.4% after being up about…
The stock market rally suffered sharp losses on Thursday, pushing the major indexes to or below key levels following generally weak reactions to tech titans’ earnings, including Microsoft (MSFT). preelection concerns might also be playing a role, along with Treasury yields pushing up on key levels. But stocks bounced somewhat on Friday, buoyed by Amazon.com…
Amazon.com Amazon.com AMZN $11.53 6.19% 182% IBD Stock Analysis Stock with 195.37 handle buy point AMZN rallying on earnings Composite Rating Industry Group Ranking Emerging Pattern Consolidation * Not real-time data. All data shown was captured at 11:40AM EDT on 11/01/2024. Amazon (AMZN) is the IBD Stock of the Day for Friday. Shares jumped after…
Dow Jones futures edged higher after hours, along with S&P 500 futures and Nasdaq futures as Apple (AAPL) and Amazon.com (AMZN) headlined key earnings overnight. The October jobs report is on tap. The stock market rally had a damaging day, with all the major indexes breaking or testing key levels. The Nasdaq led the sell-off…
Dow Jones futures will open Sunday evening, along with S&P 500 futures and Nasdaq futures. Apple (AAPL), Microsoft (MSFT), Google-parent Alphabet (GOOGL), Amazon.com (AMZN) and Meta Platforms (META) all report this coming week, with enormous implications for the tech sector and broader market. Big economic reports also are on tap, including the October jobs report….
Amazon stock had a bounce-back year in 2023 and started strong in 2024, hitting an all-time high midyear. But a pullback that started in the middle of the summer has raised a question for investors: What will it take for Amazon to finally break out beyond 2021 highs? Shares have formed a long consolidation pattern…