div > div.group > p:first-child"> Investors are gearing up for the busiest week of earnings with more than 140 S&P companies and 12 Dow components set to post results.
There may be many names to choose from, but Piper Jaffray's Craig Johnson and Strategic Wealth Partners' Mark Tepper agree that Amazon is the name to watch ahead of earnings. "Now of course they have their e-commerce business, and that industry in particular is growing in the low double digits, but their cloud business is where it's at. That's high margin, it's growing at over 40% per year, and it's all recurring revenue. ... Their ad business is ramping up, which is also high margin. They're actually stealing ad dollars from Facebook and Google. And no one is even talking about them in the streaming wars," he said.
"If you take a look at that chart you're making a pretty good-looking base, you're making a nice series of higher highs and higher lows, so I think at this point in time this is a stock that I would trade to the long side heading into earnings season. … [It's] a stock that should hold up well despite whatever the earnings release is," he said.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Canada Canada Latest News, Canada Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Tech stocks are best positioned this earnings season, says analyst Nick Colas'Technology is honestly the place where you have to look both because of its importance to market and because you have a wide disparity of expectations, ' says DataTrek Research's Nick Colas.
Source: CNBC - 🏆 12. / 72 Read more »
Indicators suggest stocks will hit 'substantial new highs' this earnings season, Jeff Saut saysRaymond James' Jeff Saut says the bull market has at least another five years of life in it, even though 'nobody believes it.'
Source: CNBC - 🏆 12. / 72 Read more »
Qualcomm and Apple reach settlement—here's what four experts say it means for the companies' stocks'We view Qualcomm as the clear leader in 5G modem technology.' Here's what Wall Street analysts are saying after Apple and Qualcomm settled their legal battle.
Source: CNBC - 🏆 12. / 72 Read more »
Why Credit Suisse says tech stocks are actually defensive (hint: it’s the cash)Need to Know: 'Defensive' tech sits on more cash than nearly every other sector lmfao
Source: MarketWatch - 🏆 3. / 97 Read more »
If Trump wins a second term, stocks would likely get a boost, Robert Shiller saysYale University economics professor Robert Shiller suggests President Trump's policies will prolong the bull market. TradingNation exactly true TradingNation Why? TradingNation I’m glad we have all these hypotheticals. Yet reality shows he can’t do shit to help the economy. They can fuck off with these scenarios when reality is far from it.
Source: CNBC - 🏆 12. / 72 Read more »
As Goldman Sachs drags on financials, Cramer and other experts weigh in on bank earningsAhead of earnings from Bank of America and Morgan Stanley later this week, five experts weigh in on the mixed quarter for the big banks so far. TradingNation When did Cramer become an “expert”? He’s always been a piker, charlatan and clown.
Source: CNBC - 🏆 12. / 72 Read more »
Stocks slip after lackluster earnings from Goldman Sachs and CitigroupStocks slipped slightly today following mixed quarterly numbers from Goldman Sachs and Citigroup. The Dow fell 0.11% and the S&P 500 fell 0.06%.
Source: CNBC - 🏆 12. / 72 Read more »
Stocks end on a negative note as bank earnings disappointU.S. stocks finished slightly lower on Monday after earnings from Goldman Sachs Group Inc. and Citigroup Inc. underwhelmed amid concerns over the banking...
Source: MarketWatch - 🏆 3. / 97 Read more »
Asia stocks cling to nine-month high on China hopes, Wall Street dented by earningsAsian stocks ticked up on Tuesday, staying near a nine-month high as hopes of st...
Source: Reuters - 🏆 2. / 97 Read more »
Stocks climb toward records after corporate earningsU.S. equities rose at the opening bell on Tuesday, following a round of better than expected corporate earnings. The S&P 500 rose 0.3% to 2,914. The Dow...
Source: MarketWatch - 🏆 3. / 97 Read more »