Market Movers rounded up the latest reactions on Amazon from investors and analysts. Ahead of a busy week of Big Tech earnings, the Nasdaq Composite shed more than 3% on the week. The pros discussed Amazon after JPMorgan said the e-commerce giant remains its “top internet pick.” The firm rates Amazon overweight. Shares of the tech giant lost 3.5% on the week and closed Friday’s trading session down 2.5%. Amazon reports earnings next Thursday after the bell and is held in Jim Cramer ‘s Charitable Trust portfolio.
Market Movers rounded up the latest reactions on Amazon from investors and analysts.
Ahead of a busy week of Big Tech earnings, the Nasdaq Composite shed more than 3% on the week. The pros discussed Amazon after JPMorgan said the e-commerce giant remains its “top internet pick.” The firm rates Amazon overweight.
Shares of the tech giant lost 3.5% on the week and closed Friday’s trading session down 2.5%.
Amazon reports earnings next Thursday after the bell and is held in Jim Cramer’s Charitable Trust portfolio.
Source link: https://www.cnbc.com/2023/10/20/amazon-falls-ahead-of-next-weeks-earnings-results-how-to-play-the-stock-now.html