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Amazon stock jumps 12% as sales beat and AWS growth overcome a second straight quarterly loss

Amazon stock jumps 14% as sales beat and AWS growth overcome a second straight quarterly loss

Amazon.com Inc. decided to cut back after years of pouring money into growth, and the result was a second consecutive quarterly loss, but a beat on sales and continued strong growth from Amazon Web Services helped push the stock higher in after-hours trading Thursday. Amazon AMZN, +1.08% reported a second-quarter loss of $2 billion, or …

Amazon stock jumps 14% as sales beat and AWS growth overcome a second straight quarterly loss Read More »

Amazon stock jumps 12% as sales beat and AWS growth overcome a second straight quarterly loss

Amazon stock jumps 12% as sales beat and AWS growth overcome a second straight quarterly loss

Amazon.com Inc. decided to cut back after years of pouring money into growth, and the result was a second consecutive quarterly loss, but a beat on sales and continued strong growth from Amazon Web Services helped push the stock higher in after-hours trading Thursday. Amazon AMZN, +1.08% reported a second-quarter loss of $2 billion, or …

Amazon stock jumps 12% as sales beat and AWS growth overcome a second straight quarterly loss Read More »

Visa tops earnings expectations as CFO sees 'no evidence of a pullback' in spending

Visa tops earnings expectations as CFO sees ‘no evidence of a pullback’ in spending

Visa Inc. topped expectations with its latest results Tuesday and gave an upbeat signal to investors about the resilience of spending volumes in the current macroeconomic climate. Amid increasing unease about the state of the consumer given factors like rising inflation and higher interest rates, Visa V, -0.83% joined fellow card company American Express Co. …

Visa tops earnings expectations as CFO sees ‘no evidence of a pullback’ in spending Read More »

These 20 stocks still have at least 48% upside, analysts say, despite the S&P 500's 8% gain from its lows

These 20 stocks still have at least 48% upside, analysts say, despite the S&P 500’s 8% gain from its lows

The S&P 500 has climbed 8% since June 16, when it closed at its lowest point this year. While the benchmark index is still down 17% this year, analysts expect it to soar 21% over the next 12 months. Not every sector has rallied. For example, the S&P 500 energy sector pulled back 8% from …

These 20 stocks still have at least 48% upside, analysts say, despite the S&P 500’s 8% gain from its lows Read More »