Finance

Amazon falls ahead of next week’s earnings results. How to play the stock now


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.

Amazon falls amid rising 10-year yield. How to play the stock ahead of earnings results next week



READ SOURCE

This website uses cookies. By continuing to use this site, you accept our use of cookies.