Tech giant Amazon oddly got knocked down a peg after its solid earnings report and the adverse reaction by investors pushed the shares back into negative territory for 2025. I believe this is an opportunity to create a short-term income stream as this essential name should see buyers come in at this discount. AMZN YTD mountain Amazon, YTD The e-commerce behemoth announced its second quarter earnings after the bell on Thursday, beating both on the top and bottom lines and offering better-than-anticipated Q3 revenue guidance of between $174 billion and $179.5 billion. However, the shares are tumbling after Amazon’s guidance…
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Figma celebrates its initial public offering at the New York Stock Exchange on July 31, 2025.NYSEShares of design software vendor Figma popped 6% on Friday, a day after the stock more than tripled in its New York Stock Exchange debut. Figma opened at $85 on Thursday under the ticker FIG, and shares closed at $115.50 for a 250% gain. On Friday, the stock traded above $120.Figma is the latest tech company to hit the public markets after an extended IPO drought. Artificial intelligence infrastructure provider CoreWeave debuted in March, followed by the digital physical therapy company Hinge Health in May. The stablecoin issuer Circle,…
Figma ‘s 250% spectacular debut on the New York Stock Exchange has some quarters of the market doubting whether the company can maintain its price level. CNBC’s analysis of first-day trading performance for stocks over the past three decades shows that such blockbuster IPOs have just better than even odds of typically holding on to their value for at least a year. Since 1992, according to FactSet data, there are 20 stocks with a market cap of more than $250 million that had 50% or more gain on the first day of trading. Of these, 11 stocks — 55% of…
Check out the companies making headlines before the bell: Apple — The tech giant’s shares rose more than 1% premarket after it said iPhone sales grew 13% year over year and total revenue grew 10%, marking Apple’s fastest quarterly revenue growth since December 2021. CEO Tim Cook said Apple would “significantly grow” its artificial intelligence investments, adding that it is “open to M & A that accelerates our roadmap.” Amazon — Shares slumped more than 8% after the dominant online retailer issued a disappointing forecast. Amazon said it anticipates current-quarter operating income to range between $15.5 billion and $20.5 billion.…
Investors might capture upside and limit risk by focusing on companies reporting earnings next week with a history of beating Wall Street expectations. The first full week of August is another busy one for second-quarter earnings, with 122 companies in the S & P 500 — or nearly a quarter of the benchmark — slated to share results. Disney and McDonald’s are among the headliners, with restaurant, travel, pharmaceutical and energy stocks dominating. Second-quarter earnings have been coming in strong so far. Of the 298 companies in the S & P 500 that have already reported, about 82% have exceeded…
Amazon CEO Andy Jassy looks on during an Amazon Devices launch event in New York City, U.S., February 26, 2025. REUTERS/Brendan McDermidBrendan Mcdermid | ReutersAmazon on Thursday reported second-quarter earnings that beat expectations on most metrics, but the results weren’t good enough to please Wall Street. Amazon stock slid following the release and throughout the conference call. Shares were down about 7% Friday.Profit guidance was weaker than expected, while cloud growth underwhelmed investors.That overshadowed an otherwise upbeat report that included strong revenue and profits, steady retail growth and a 23% increase in advertising sales. Amazon also offered a rosy revenue…
The duty would be a “devastating” blow to the export-reliant Swiss economy and businesses, analysts say. Source link
Two Federal Reserve officials who voted this week against holding a key interest rate in place explained their decisions Friday, both indicating that the central bank is making a mistake by waiting to ease policy amid rising threats to the labor market.Governors Christopher Waller and Michelle Bowman both said they wanted a quarter percentage point reduction, as they see tariffs having only a temporary impact on inflation. They said staying on hold, as the rate-setting Federal Open Market Committee has done since December, poses risks to the economy.In separate statements, Waller and Bowman laid out their reasons for dissenting, the…
Here are Friday’s biggest calls on Wall Street: Morgan Stanley reiterates Apple as overweight The firm raised its price target on the stock to $240 per share from $235 following earnings. “This was Apple’s strongest quarterly report/guide in 2+ years, with outperformance broad-based across Product/Services and regions.” Read more. Bernstein reiterates Coinbase as outperform Bernstein said Coinbase remains extremely well positioned following Thursday’s earnings report. “We expect increased upward market volatility and broadening of trading interest in blockchain assets such as ETH [Ethereum], SOL [Solana] and long tail of financial tokens, driven by strong market structural shift around stablecoins and…
An attendee holds an “Entry Level Jobs” flyer at a City Career Fair hiring event in Sacramento, California, on Feb. 27, 2025.David Paul Morris | Bloomberg | Getty ImagesNonfarm payroll growth was slower than expected in July and the unemployment rate ticked higher, raising potential trouble signs for the U.S. labor market.Job growth totaled 73,000 for the month, above the June total of 14,000 but below even the meager Dow Jones estimate for a gain of 100,000. June and May totals were revised sharply lower, down by a combined 258,000 from previously announced levels.At the same time, the unemployment rate…
