Why the S&P 500 needs Amazon to deliver on earnings

Trade and earnings optimism on Monday left the S&P SPX, +0.69% 0.6% away from a July 26 record close of 3,025.86. “A solid beat on earnings from Amazon is definitely needed to swing the S&P 500 into new highs,” says our call of the day from Peter Garnry, Saxo Bank’s head of equity strategy.

Investor appetite for the shares, which closed Monday at $1,785.66, could ebb sooner rather than later, Garnry told MarketWatch in a follow-up chat. He advises watching for early warning signs of margin compression on AWS and slowing top line, or revenue, growth. The buzz Earnings are rolling out from biotech group Biogen BIIB, +1.57%, consumer goods corporation Procter & Gamble PG, +1.37%, toy maker Hasbro HAS, -1.48%, motorbike maker Harley-Davidson HOG, +1.39%, conglomerate United Technologies UTX, +1.13%, package shipper UPS UPS, +1.00% and McDonald’s MCD, +0.65%, to name a few. After the close, we’ll get fast-food company Chipotle CMG, +1.20% and Snapchat parent Snap SNAP, +7.84%.Disney’s DIS, -0.

Colombia Últimas Noticias, Colombia Titulares

Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.

Everything Jim Cramer said about the stock market on 'Mad Money,' including Apple's record highs, projecting the S&P 500, StockX CEO and cloud stocksCNBC's Jim Cramer breaks down how Apple and JPMorgan market action influence their respective sectors, forecasts what's ahead for the S&P 500 and sits down with new StockX CEO Scott Cutler. No one listens to this fool He just babbles nonsense most of the time! People still buy into what this clown says?
Fuente: CNBC - 🏆 12. / 72 Leer más »