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Strong Earnings Inspire Stock Rebound: Will Amazon Follow Suit?
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On today’s episode of Free Lunch, Ryan McQueeney highlights the latest earnings results of Tesla, Microsoft, Twitter, and Comcast. Later, he previews Amazon’s upcoming report and speculates as to whether the e-commerce behemoth can inspire further rebounds in the stock market.
Free Lunch is presented by Zacks Investment Research. It is streamed live, four times per week, and features breaking news and analysis from Zacks strategists. Free Lunch is available on YouTube, Facebook Live, Twitter, Ustream, and more.
Stocks were rebounding from Wednesday’s brutal selling today as a plethora of fresh earnings reports from some of Wall Street’s trendiest companies largely impressed. Notably, Microsoft (MSFT - Free Report) and Tesla (TSLA - Free Report) reported after the bell yesterday and were both able to top estimates.
Suspicions that Tesla moved its report date up in order to push out good news were confirmed by the electric car company’s massive surprise profit, and shares were surging today as a result. Meanwhile, Microsoft notched continued growth in its Azure cloud division and easily surpassed earnings and revenue projections.
Reporting before the bell today was Twitter and Comcast (CMCSA - Free Report) . Twitter shares were up more than 15% in early morning trading following its report, which saw the social media firm crush EPS estimates by over 50%. Comcast also beat estimates—although to a smaller degree—and recorded strong profit growth in its most recent quarter.
The attention will now turn to Amazon (AMZN - Free Report) , as the e-commerce king is set to report after the bell today. Consensus estimates have Jeff Bezos’ company posting earnings growth of 533% and revenue growth of 30%, although it is possible Wall Street cares more about performances in specific segments like AWS and Prime.
So what are analysts expecting from the cloud computing division this quarter? How big has the Prime network grown to? Make sure to check out today’s episode for Ryan’s answers to these questions, and more!
Looking for Stocks with Skyrocketing Upside?
Zacks has just released a Special Report on the booming investment opportunities of legal marijuana.
Ignited by new referendums and legislation, this industry is expected to blast from an already robust $6.7 billion to $20.2 billion in 2021. Early investors stand to make a killing, but you have to be ready to act and know just where to look.
Image: Bigstock
Strong Earnings Inspire Stock Rebound: Will Amazon Follow Suit?
On today’s episode of Free Lunch, Ryan McQueeney highlights the latest earnings results of Tesla, Microsoft, Twitter, and Comcast. Later, he previews Amazon’s upcoming report and speculates as to whether the e-commerce behemoth can inspire further rebounds in the stock market.
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Free Lunch is presented by Zacks Investment Research. It is streamed live, four times per week, and features breaking news and analysis from Zacks strategists. Free Lunch is available on YouTube, Facebook Live, Twitter, Ustream, and more.
Stocks were rebounding from Wednesday’s brutal selling today as a plethora of fresh earnings reports from some of Wall Street’s trendiest companies largely impressed. Notably, Microsoft (MSFT - Free Report) and Tesla (TSLA - Free Report) reported after the bell yesterday and were both able to top estimates.
Suspicions that Tesla moved its report date up in order to push out good news were confirmed by the electric car company’s massive surprise profit, and shares were surging today as a result. Meanwhile, Microsoft notched continued growth in its Azure cloud division and easily surpassed earnings and revenue projections.
Reporting before the bell today was Twitter and Comcast (CMCSA - Free Report) . Twitter shares were up more than 15% in early morning trading following its report, which saw the social media firm crush EPS estimates by over 50%. Comcast also beat estimates—although to a smaller degree—and recorded strong profit growth in its most recent quarter.
The attention will now turn to Amazon (AMZN - Free Report) , as the e-commerce king is set to report after the bell today. Consensus estimates have Jeff Bezos’ company posting earnings growth of 533% and revenue growth of 30%, although it is possible Wall Street cares more about performances in specific segments like AWS and Prime.
So what are analysts expecting from the cloud computing division this quarter? How big has the Prime network grown to? Make sure to check out today’s episode for Ryan’s answers to these questions, and more!
Looking for Stocks with Skyrocketing Upside?
Zacks has just released a Special Report on the booming investment opportunities of legal marijuana.
Ignited by new referendums and legislation, this industry is expected to blast from an already robust $6.7 billion to $20.2 billion in 2021. Early investors stand to make a killing, but you have to be ready to act and know just where to look.
See the pot trades we're targeting>>