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UBER 80 Afrer earnings ? NYSE:UBER Uber Technologies Inc. Stock Surges to $75-$80 Range Following Strong Earnings Report Uber Technologies Inc. (NYSE: UBER) has seen a significant boost in its stock price, reaching the $75-$80 range after the release of its latest earnings report. The ride-sharing giant reported impressive financial results for Q2 2024, with total revenue hitting $10.13 billion. This marks a notable year-over-year growth of 15%, showcasing Uber’s ability to expand its market presence and drive revenue despite challenging economic conditions. The company’s strong performance was driven by increased demand for its ride-sharing and delivery services, as well as strategic investments in new technologies and markets. Uber’s net loss widened to $654 million, but the market responded positively to the revenue growth and future potential1. This optimism among investors has propelled the stock to new heights, reinforcing confidence in Uber’s long-term growth strategy. As Uber continues to innovate and expand its service offerings, the future looks bright for this industry leader. Investors and market watchers will be closely monitoring how Uber leverages its current momentum to drive further growth and shareholder value. CAFE CITY STUDIO & NY RUNS GLOBAL INC. NYC
NYSE:UBERLong
by NYRUNSGLOBAL
Caterpillar 344 After earnings ? Caterpillar Inc. (NYSE: CAT) has once again demonstrated its robust market presence, with its stock price soaring past $344 following the release of its latest earnings report. The industrial giant reported impressive financial results for Q1 2024, with total revenue reaching $15.8 billion and a basic earnings per share (EPS) of $5.601. This performance not only exceeded analysts’ expectations but also highlighted Caterpillar’s resilience and strategic growth in a challenging economic environment. The company’s strong earnings were driven by increased demand across its construction, resource, and energy & transportation segments. Caterpillar’s ability to navigate supply chain disruptions and leverage its global footprint has been pivotal in achieving these results. The market responded positively, pushing the stock to new heights and reinforcing investor confidence in the company’s long-term prospects. As Caterpillar continues to innovate and expand its product offerings, the future looks promising for this industry leader. Investors and market watchers will be keenly observing how Caterpillar capitalizes on its current momentum to drive further growth and shareholder value.
NYSE:CATLong
by NYRUNSGLOBAL
Amazon Shares Tumble After Disappointing Third-Quarter OutlookAmazon shares ( NASDAQ:AMZN ) took a significant hit on Friday, dropping over 9% following a mixed second-quarter earnings report and a disappointing forecast for the upcoming quarter. The e-commerce giant reported a revenue miss, causing concerns among investors and leading to a substantial sell-off in its stock. Second-Quarter Performance In the second quarter, Amazon's revenue rose 10% year-over-year to $147.98 billion, falling slightly short of the $148.56 billion projected by analysts. Despite this, the company's net income nearly doubled from the previous year, reaching $1.26 per share, surpassing the expected $1.03 per share. This increase in net income highlights Amazon's successful cost-cutting measures, which have strengthened its bottom line. Third-Quarter Outlook Amazon's forecast for the third quarter has added to investor concerns. The company expects revenue between $154 billion and $158.5 billion, with the midpoint of $156.25 billion falling short of the consensus estimate of $158.24 billion. This cautious guidance has been attributed to slower sales in Amazon's core retail business and an unpredictable news cycle that has distracted consumers, causing them to delay purchases or abandon their shopping carts. Market Sentiment and Analyst Reactions Amazon CFO Brian Olsavsky pointed to several factors contributing to the weak forecast, including the upcoming Olympics, the presidential election, and high-profile events such as the attempted assassination of former President Donald Trump. These distractions have made it challenging to predict consumer behavior accurately. Despite these challenges, analysts remain optimistic about Amazon's long-term prospects, particularly its cloud computing segment, Amazon Web Services (AWS). AWS reported revenue of $26.3 billion in the second quarter, exceeding expectations and demonstrating continued growth. Analysts at JPMorgan and BMO Capital Markets have expressed confidence in AWS's potential, noting that it is well-positioned to benefit from increased cloud adoption and modernization efforts. Key Technical Indicators and Market Reactions From a technical perspective, Amazon's stock has exhibited several bearish signals. A bearish engulfing pattern formed on the chart leading into the earnings report, indicating a potential shift in market sentiment towards lower prices. Investors are now closely monitoring key support levels, including $170, $161, $145, and $123, to gauge the stock's next moves. The broader market has also reacted negatively to Amazon's earnings and guidance, with major indices such as the Nasdaq Composite and S&P 500 experiencing significant declines. Concerns over weaker economic data, including a disappointing jobs report, have added to market volatility, further impacting investor sentiment. Conclusion Amazon's recent performance has highlighted the challenges it faces in its core retail business amidst an unpredictable economic environment. While the company's cloud computing segment continues to show strength, the mixed results and cautious outlook have led to a substantial decline in its stock price. Investors and analysts will be watching closely to see how Amazon navigates these challenges and whether it can maintain its growth trajectory in the coming quarters. Overall, the current market conditions and Amazon's performance underscore the importance of monitoring both fundamental and technical indicators to make informed investment decisions. As the company continues to adapt to changing consumer behaviors and economic conditions, its ability to leverage its strengths and address its weaknesses will be crucial in determining its future success.
NASDAQ:AMZNShort
by DEXWireNews
🐲 The Roaring FAANG. Five Big Tech Stocks That Move The MarketFAANG is an acronym that stands for five major, highly successful U.S. tech companies: Meta (formerly Facebook), Amazon, Apple, Netflix, and Google. FAANG stocks' performance has a substantial effect on the overall market and comprises 15% of the S&P500 Index SP:SPX . If you follow the financial or business news, you may have seen or heard the term FAANG thrown around. No, it's not a misspelling or an animal's roar. It's an acronym that stands for five big companies — some might say the big companies — in the high-tech industry. The FAANG quintet consists of Meta (formerly Facebook), Amazon , Apple, Netflix and Google (Alphabet as an official corporate name). These corporations — all American, but with a global presence — are not only household names, they're financial behemoths. Their combined market capitalization is over $4 trillion. The blue-chip stocks of the tech sector, they collectively make up 15% of the Standard & Poor's 500 SP:SPX (an index of the largest public companies in the US). So they represent not only one of the US' most significant industries, but a sizable chunk of the US stock market itself. The origins of FAANG FAANG actually began as FANG. The origin of the acronym has been attributed to Jim Cramer, the financial TV host and co-founder of TheStreet.com. Known for his slangy abbreviations and catchy phrases, Cramer coined the term in 2013 to represent four tech stocks with outsized market appreciation. Cramer believed that these companies belonged together because they are all high-growth stocks that share the common threads of digitization and the web. Cramer's original term was just FANG — it didn't initially include Apple. The company joined the ranks in 2017, reflecting the growth of internet services (iCloud, Apple Music, Apple Pay) to its revenues. So the acronym became FAANG, and it's remained so. The five stocks of FAANG They need no introduction: The five stocks of FAANG are all familiar brands, whose products and services permeate our lives daily. They are also American corporate success stories — each has seen its stock shares experience triple-digit growth since 2015, and year-to-year as well. 👉 Meta ( NASDAQ:META ) is the social media maestro, owner of Instagram, WhatsApp, and its Facebook website. It has returned more than 190% over the past 12 months, and it is a # 1 over all S&P500 Index components with that amazing result. 👉 Apple ( NASDAQ:AAPL ), the sole product manufacturer of the group, with more than 36% yearly performance. 👉 Amazon ( NASDAQ:AMZN ), the world's largest e-store, has returned more than 65% over the past 12 months. 👉 Netflix ( NASDAQ:NFLX ), the superpower of streaming, has returned 44% TTM. 👉 Google — parent company Alphabet ( NASDAQ:GOOG , NASDAQ:GOOGL ) — has a name synonymous with internet searches and services. Its GOOG shares have increased by more than 43% in 12 months. Just to put these numbers in context: the S&P 500 has grown 17% over the past 12 months. So FAANG stocks have been at the forefront , significantly outperforming the broad market. Twelve months performance of FX:FAANG components vs S&P500 Index The bottom line The main technical graph (3-day chart for FX:FAANG stock basket, introduced by @FXCM provider, with 20% inception weight for every single component) illustrates perhaps right there happens the major breakout of 52-week highs, with further projected/ targeted upside price action.
FX:FAANG
by PandorraResearch
BITCOIN IS THE NEXT AMAZONMartyBoots here. I have been trading for 17 years and I am here to share my ideas with you to help the Crypto space. The Bull market is here Even tho the bull market is here BTC has not fully mooned yet there is still time to buy on DIPS . The market has just hit a critical level . This is a bullish structure and dips are buys, when these dips happen BTC can start its move higher . This needs to be watched carefully. BTC To The MOON Please watch the video for more information
COINBASE:BTCUSDLong
by MartyBoots
AMD 200 BY SEPTEMBER !AMD Long 200 BY SEPTEMBER Forecast: According to Long Forecast, AMD’s stock price is expected to start September 2024 at around $174 and reach a maximum of $177, with an average price of approximately $167 by the end of the month. This projection suggests a -5.7% change from the initial value. PandaForecast: The weighted average target price per AMD share for September 2024 is $151.81, with a possible monthly volatility of 6.201%. The pessimistic target level is $146.28, while the optimistic target level is $155.95. Personal Finance Freedom: Their forecast indicates an average price of $170 for September 2024, reflecting an expected increase of approximately 14.8% during that month. StockScan: The average price target for AMD stock in 2024 is $180.52, with a high forecast of $227.30 and a low forecast of $133.74. This represents a +10.14% change from the last recorded price of $163.90.
NASDAQ:AMDLong
by NYRUNSGLOBAL
TESLA 300 BY DECEMBER ? NASDAQ:TSLA TESLA 300 BY DECEMBER Tesla had a challenging first half of 2024, with its stock facing headwinds. However, there are signs that the electric vehicle (EV) maker could be on the path to recovery. Here’s what Wall Street analysts and experts are saying: Q2 Deliveries: Tesla reported second-quarter deliveries of 443,956 vehicles, surpassing analysts’ estimates of 436,000. While this is a decline from previous quarters, it’s better than expected. Investors view this as a positive sign for the company’s future prospects. Energy Storage Boost: Tesla increased its energy storage capacity to an all-time high during Q2. This development is particularly significant because it suggests that Tesla could benefit from increased energy demand driven by the AI boom. As artificial intelligence accelerates, energy demand and electricity generation are expected to rise, potentially benefiting Tesla Energy. AI Developments: Investors are closely watching Tesla’s advancements in artificial intelligence. The company’s Robotaxi and other AI initiatives could be the next growth drivers. Morgan Stanley strategists have even speculated about Tesla getting its mojo back, with clients asking about positive catalysts for the future.
NASDAQ:TSLALong
by NYRUNSGLOBAL
Amazon at $2 Trillion: What’s Driving the Stock to Record Highs?Tripled profits, a bet on AI, and a strategy to take on rising rivals from the East have propelled the ecommerce and cloud computing giant to the lofty price tag. Innovation on Amazon’s Mind Amazon (ticker: AMZN ) hit $2 trillion in market value just before the year clocked out for the first half. In the final week of June, the Jeff Bezos-founded online retailer soared past the formidable milestone, becoming the fifth company to ever breathe the rarefied air beyond $2 trillion. What’s been driving Amazon stock to line up right after Alphabet (ticker: GOOGL ), Nvidia (ticker: NVDA ), Apple (ticker: AAPL ) and Microsoft (ticker: MSFT )? It’s a mix of fortunate and timely events, and all can be summed up with one word: innovation. Amazon raked in sky-high profits of $15 billion for the most recent quarter. The figure was up three times from the same quarter last year. More importantly, the company, now under the stewardship of Andy Jassy as chief exec, is pivoting more resources to meet the growing demand for artificial intelligence. Shifting Focus to Artificial Intelligence Amazon Web Services (AWS) is the firm’s cloud computing business and also the world’s biggest one. It’s largely the cash cow at Amazon with profit margins as wide as 38%. Now, it’s getting a boost from businesses looking to inject AI into their products and services. The fast-growing AI-focused unit is growing at a “$100 billion annual revenue run rate,” according to Jassy. For the quarter ended March 31, AWS sales rose 17% to $25 billion, beating forecasts for $24.5 billion and also coming ahead of the previous quarter’s 13% growth pace. It seems that the AI hype is sweeping across the Amazon halls and conference rooms. Generative AI got praised by Amazon’s chief financial officer Brian Olsavsky as “a multibillion-dollar revenue run rate business for us.” Looking for a meaningful edge doesn’t stop with artificial intelligence. Pitted Against Temu and Shein Rising ecommerce competition from the East is forcing the $2 trillion giant to embrace a new line of business — ultra-low-cost goods shipped directly from China. A new discount section is in the works for Amazon.com after smaller rivals Temu and Shein have threatened to slurp up a significant market share. The new section, according to reports, will be added to the homepage of the retailer’s app. It will be targeting American customers willing to wait nine to 11 days for goods shipped from China warehouses, as opposed to the regular one or two-day delivery time for goods delivered from within the US. Also, each item will get a price tag of no more than 20 bucks. Temu, owned by PDD Holdings, and China-founded Shein have flooded the internet with cheap stuff and massive discounts thanks to splurging billions of dollars in advertising campaigns. Amazon, a mainstay in the FAANG stocks list , is among the few companies to be of gargantuan size yet nimble enough to stay relevant in the changing landscape of its industry. Will the pivot to cheap goods succeed in stamping out the aggressive competition from China? Or will the corporate giant be outperformed by the brilliant maneuvering of low-caliber foreign retailers? Share your thoughts in the comments!
NASDAQ:AMZN
by TradingView
5
Amazon stocks continues to amazeAmazon continues to break to new highs, reaching almost $200.00, before pulling back a little. It was still up a good 2% at the time of writing, but it looks like more gains could be on the way after this week's bullish breakout. On Wednesday, Amazon broke through the resistance in the $190 - $191 range, closing up 3.9% at a record high. This surge made it the fifth member of the "Magnificent 7" stocks to reach a market capitalization of $2 trillion. This breakout is a bullish signal that could sustain the tech rally even if leaders like Nvidia slow down. The $190-$191 range has now become a crucial support zone to monitor for any short-term dips. To maintain the bullish sentiment, this area must hold. The line in the sand is $185.33, Monday’s low. If this level is breached, it would invalidate the bullish breakout, indicating a false breakout and potentially leading to a significant sell-off. But my base case scenario remains bullish and with the stock at record highs, it could easily rise above $200 in the days ahead. By Fawad Razaqzada, market analyst at FOREX.com
NASDAQ:AMZNLong
by FOREXcom