Nasdaq AMZN Amazon

Apple is scheduled to release fiscal third-quarter earnings this Thursday - but now that the company's market cap has sailed north of $3 trillion, is the tech stock still a strong buy for investors?

The latest tally of analyst opinions from the major brokerage houses shows that among the components of the S&P 500 index, Amazon.com (AMZN) is now the #12 analyst pick, moving up by 1 spot.

In a study of analyst recommendations at the major brokerages, for the underlying components of the S&P 500, Amazon.com Inc (Symbol: AMZN) has taken over the #12 spot from Standard and Poors Global Inc (Symbol: SPGI), according to ETF Channel. Below is a chart of Amazon.co

It’s another extremely busy earnings week with over 1,000 companies expected to report second quarter results. But there are several “big” earnings reports that everyone will be tuning into, including two of the Magnificent 7, Ama

The two of the world's largest corporations — Apple AAPL and Amazon AMZN — are in the spotlight as both are set to release earnings on Aug 3.Apple stock has soared nearly 50% this year, recently breaching $3 trillion in market cap

Shares of HSBC Holdings plc HSBC rose 1% after reporting second-quarter 2023 earnings of $1.70 per share, beating the Zacks Consensus Estimate of $1.50 per share.Shares of mega-cap growth stocks like Tesla, Inc. TSLA and Amazon.co

Despite e-commerce stocks suffering from the cooling of the pandemic-induced e-commerce boom and unfavorable market dynamics, the signs of easing inflation during the second quarter of 2023 are likely to have benefited them.Accord

So far in 2023, the S&P 500 and the Nasdaq Composite indexes have risen 20% and 37%, respectively. This increase across the broader market has left many of today's popular stocks trading at premium valuations.

Investors are always looking for stocks that are poised to beat at earnings season and Amazon.com, Inc. AMZN may be one such company. The firm has earnings coming up pretty soon, and events are shaping up quite nicely for their re

Below is Validea's guru fundamental report for AMAZON.COM, INC. (AMZN). Of the 22 guru strategies we follow, AMZN rates highest using our P/B Growth Investor model based on the published strategy of Partha Mohanram. This growth model looks for low book-to-market stocks that exhi

Below is Validea's guru fundamental report for AMAZON.COM, INC. (AMZN). Of the 22 guru strategies we follow, AMZN rates highest using our P/B Growth Investor model based on the published strategy of Partha Mohanram. This growth model looks for low book-to-market stocks that exhi

Motorola Solutions, Inc. MSI is scheduled to report second-quarter 2023 results on Aug 3, after the closing bell. In the last reported quarter, the company delivered an earnings surprise of 7.8%. It pulled off a trailing four-quar

The tech market has been in recovery mode this year after an economic downturn caused a sell-off in 2022. Easing inflation and advances in technology, such as artificial intelligence (AI), have Wall Street particularly bullish. As a result, now is an excellent time to consider ex

Tech giant Amazon ( NASDAQ:AMZN ) will report its Q2 earnings on Thursday, August 3. Improving market sentiment, led by moderation in inflation and an expected stabilization in interest rates, could drive consumer spending, leading to improved earnings. However, given the recent run in AMZN stock, the upside potential remains capped even with a solid Q2 beat, noted  Wedbush analyst Michael Pachter. Pachter reiterated a Buy on Amazon stock ahead of Q2 earnings. The analyst expects the company to benefit from the uptick in macro sentiment. He added that Amazon is exposed to consumer (via e-commerce and physical stores) and corporate (through AWS and advertising) spending. Thus, it is well-positioned to benefit from an improvement in “consumer confidence.” Pachter expects Amazon to deliver strong Q2 results and provide solid Q3 guidance. However, his “share price appreciation expectations are capped” due to the strong recovery in Amazon stock so far this year. It’s worth highlighting that Amazon stock has gained about 57% year-to-date. During the same period, the NASDAQ 100 Index ( NDX ) and the S&P 500 Index ( SPX ) were up about 44% and 19%, respectively.   With Pachter expecting AMZN’s Q2 earnings to impress investors, let’s delve into analysts’ consensus estimates.  Here’s What Consensus Estimates Indicate Wall Street expects Amazon to post revenue of $131.49 billion,  up from $121.23 billion in the prior-year quarter. Further, its top line is also likely to improve on a sequential basis.  Its revenue will likely benefit from the uptick in the macro environment, which will drive consumer spending. Further, the strength in the cloud and advertising businesses will support top-line growth.  Further, the company's focus on reducing costs across all businesses will cushion its bottom line. Analysts expect Amazon to  post earnings of $0.35 a share in Q2, compared to a loss of 0.2 per share in the prior-year quarter. Moreover, the company’s EPS is projected to increase on a quarter-over-quarter basis.  Monness analyst Brian White expects Amazon to deliver a 9% year-over-year increase in sales and surpass Street’s estimates in Q2. Further, the analyst expects Amazon’s bottom line to handily exceed analysts’ consensus estimates and reach $0.41 a share. The analyst is bullish about the stock and reiterated a Buy rating on July 25. Is Amazon Stock a Buy, Sell, or Hold Today? With 29 unanimous Buy recommendations,  Amazon stock is a Strong Buy on TipRanks. These analysts’ average price target of $152.52 implies 15.82% upside potential from current levels. Options Activity Highlights 6.66% Earnings-Related Move While analysts are bullish about Amazon stock ahead of Q2 earnings, option traders are pricing in a 6.66% move on earnings, which is greater than the previous quarter’s earnings-related move of -3.98% and the average -2.98% move in the last eight quarters. Learn more about TipRanks’ option tool  here. Disclosure

The S&P 500 and Nasdaq closed weaker on Tuesday, the first day of seasonally slow August, ahead of U.S. jobs data and major companies' earnings reports later this week.

Image-sharing platform Pinterest beat second-quarter revenue estimates on Tuesday as monthly active users surged and digital advertising rebounded from a downturn triggered by an uncertain economy.

The S&P 500 and Nasdaq closed weaker on Tuesday, the first day of seasonally slow August, ahead of U.S. jobs data and major companies' earnings reports later this week.

The S&P 500 fell on Tuesday, the first day of a historically weak month, as investors awaited U.S. jobs data and major companies' earnings reports later this week.

Amazon is set to report its second-quarter earnings this Thursday. Here's what investors need to know about the numbers that could move Amazon stock, and why.

Earnings season continues to chug along, with the period kicking into a much higher gear this week. So far, the Q2 cycle has been positive, helping reassure investors and boosting overall sentiment within the market.