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Amazon seems to be turning out to be the biggest beast of this earnings season! The online retail giant crushed the estimates, income surged 62%, and the company predicted 20-35% growth in revenue for the current quarter. The shares are responding dramatically, higher by 24%! (AMZN $116.28 +22.85)
This report is obviously warming investors today to the [...]
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With August almost in the books I believe it is worthwhile to look at some specific sectors and stocks relative to the major market averages.
For a reference point the SPX index started the year at a level of 903.25. So with today’s close at 1028.93 the overall market is up almost 14%. It is more [...]
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If you told me that Microsoft (MSFT), American Express (AXP), and Amazon.com (AMZN) would each disappoint on their earnings and each trade lower by 8 or 9%, I would tell you that the market was probably down 2% or more and looking very ugly!
But the market is holding in there like a champ, [...]
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This morning, Wal-Mart Stores, Inc. (WMT) reported a same-store sales increase of 3.4% for November (excluding fuel). These results show that WMT is a beneficiary of the trade-down retail phenomenon, which has been pointed to as a possible reason WMT shares have been solid as other retailers struggle.
According to the Goldman Sachs-International [...]
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