Amazon’s earnings: profit squeeze and regulatory blues? – Stock Market News

Posted on October 23, 2019 at 1:15 pm GMT

The world’s leading online retailer will announce its earnings for Q3 after Wall Street’s closing bell on Thursday. Profit margins are expected to have been squeezed, amid rising costs. Yet, perhaps most of the attention could fall on the performance of the firm’s cloud business. Beyond that, any comments by management about the recent antitrust investigations could also be crucial for the stock’s reaction. The e-commerce colossus is set to report earnings per share (EPS) of $4.60 in Q3 according [..]


Amazon earnings is the key release to watch today – Stock Market News

Posted on July 25, 2019 at 4:09 pm GMT

Jeff Bezos’s famous will be among the highlights this week as the world’s second most valuable company by market capitalization is expected to report its Q2 financial results on Thursday after Wall Street’s closing bell. After a stellar start to 2019, the tech-giant is anticipated to set the bar higher, but pitfalls could still lie ahead, making markets wonder whether Amazon’s stock price could search for new record highs. Earnings forecast Total revenues are expected to have jumped to $62.46bn in the [..]


Technical Analysis – Amazon falls from 9-month high; forms hammer as it stalls at 23.6% Fibo

Posted on July 22, 2019 at 2:02 pm GMT

Amazon pulled away from a nine-month high of 2032 in the previous weeks, to halt yesterday at the 23.6% Fibonacci retracement level of the up move, from 1670 to 2032, of 1949. The 21-day simple moving average (SMA) is also very close and a hammer formation has taken shape, pushing the price above the resistance of 1964. The momentum indicators are suggesting that the sentiment may turn negative as the MACD has dived below its trigger line and RSI nears [..]


Technical Analysis – Amazon accelerates bullish rally to test all-time highs

Posted on July 10, 2019 at 2:45 pm GMT

Amazon stock has been experiencing a one-month bullish rally from a pullback move at the beginning of May to a low of 1670, and today broke aggressively above the seven-month high of 1964. With the help of short- and medium-term simple moving averages (SMAs) of 14 -, 21- and 40-day SMAs respectively, bullish crosses are in place confirming the momentum and positive trend which is in progress towards the highs. The MACD and the RSI are also supporting the bullish [..]

Daily Market Comment – Dollar extends slide as Fed rate cut bets intensify; Powell speech eyed

Posted on June 4, 2019 at 8:16 am GMT

US dollar continues to nosedive as Treasury yields touch fresh lows on rising rate cut expectations RBA cuts rates but Australian dollar defiant as it climbs to 3-week high Tech stocks tumble as US giants, including Facebook and Apple, face antitrust probe Dollar sell-off shows no sign of abating The US currency is headed for its third straight day of sharp losses against a basket of currencies as traders continue to price in an increasing probability that the Federal Reserve [..]


Technical Analysis – Amazon stock drops after reaching 6-month high

Posted on April 25, 2019 at 10:43 am GMT

Amazon has been creating higher highs and higher lows after the rebound on the 1305 support level, jumping to a fresh six-month high of 1928 on April 23. Chances for a downside reversal, however, are increasing as the RSI indicator dropped below the overbought territory and the stochastic oscillator posted a bearish crossover within the %K and %D lines. Another step lower may reach a key support at the 20-simple moving average (SMA) currently at 1867, marginally above the 1852 [..]


Amazon earnings set to reflect increasing focus on profitability – Stock Market News

Posted on April 24, 2019 at 4:06 pm GMT

The world’s biggest online retailer will announce its earnings for Q1 after the US market close on Thursday. Revenue is expected to slow, but profit growth is seen picking up, something that reflects the company’s recent approach of focusing on operating margins. Guidance by management for Q2 will be crucial for the stock’s reaction in the aftermath. The e-commerce giant is expected to report earnings per share (EPS) of $4.72 in Q1, which would represent a robust 44.5% increase from [..]


European Open Preview – Dollar steady despite healthy US data; RBA in focus

Posted on February 4, 2019 at 8:51 am GMT

Dollar unable to rally even after US payrolls smash expectations Risk sentiment mostly in positive territory today amid trade optimism Aussie on the back foot ahead of RBA decision Dollar unimpressed by strong US data, as Fed casts shadow Nonfarm payrolls smashed expectations in January, clocking in at a robust 304k, much higher than the anticipated 165k – though last month’s print was revised down significantly, mitigating some of the good news. Wage growth held steady at 3.2% in annual [..]


European Open Preview – Dollar suffers losses as Fed abandons hiking plans

Posted on January 31, 2019 at 8:45 am GMT

Fed removes guidance for more hikes; dollar crumbles, stocks soar Trade talks conclude today – any signs of progress crucial for markets Eurozone releases GDP data, risks seem skewed to the downside Dollar drops, stocks roar as Fed folds on further rate hikes While the Fed kept rates unchanged as expected yesterday, the meeting wasn’t short of surprises. Policymakers adopted an even more cautious tone, dropping the reference that further gradual rate hikes will be needed, instead reiterating the mantra [..]


Ebay to double annual revenue growth in Q4, Amazon could lag – Stock Market News

Posted on January 28, 2019 at 11:14 am GMT

Ebay Inc and Inc report earnings results on Tuesday and Thursday respectively. Reuters analysts assign an average recommendation of “buy” for Amazon’s shares, whereas for Ebay the average recommendation is “hold”. Inc The third quarter was a market disappointment for Jeff Bezos’ e-commerce giant Inc. Despite earnings beating analysts’ estimates at $5.75 per share, company’s revenues missed forecasts, clocking in at $56.6 billion versus $57.10bln expected. its revenue guidance for the fourth quarter was also under consensus [..]

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