Amazon stock drops sharply during earnings call after company warns of increased investments

Amazon’s fourth-quarter results beat estimates, but weak guidance and general concerns about slowing growth and heavier investments in 2019 dragged the stock down in after hours trading. Here are the most important numbers: EPS: $6.04 vs. $5.68 estimated, according to Refinitiv Revenue: $72.4 billion vs. $71.9 billion estimated, according to Refinitiv AWS: $7.43 billion vs. … Read more

Jeff Bishop – Weekly Money Multiplier- The FOMC Moves the Markets With Comments

With so many catalysts the last few days- U.S. – China trade talks, corporate earnings, and macroeconomics… one man stole the show yesterday, Jerome Powell, the Fed Chief. All he had to do was remove the reference of further gradual rate increases, and that was enough to push stocks significantly higher. It doesn’t matter that … Read more

GE shares surge 9% after better-than-expected revenue, DOJ subprime settlement

General Electric shares surged after strong aviation results increased revenue more than what was expected, overshadowing lingering problems in the GE Capital and power businesses. GE also announced a $1.5 billion settlement in principle with the Department of Justice for its investigation of the now defunct subprime mortgage business WMC. Expectations vs. results EPS: 17 cents a … Read more

US stock futures point to mixed open after Fed signals patience with rate hikes

U.S. stock index futures pointed to a mixed start to trading on Thursday after the Federal Reserve kept interest rates unchanged. At 7:59 a.m. ET, Dow Jones Industrial Average futures implied a drop of about 40.86 points at the open. Futures for the S&P 500 and Nasdaq 100 pointed to a slightly higher open. On … Read more