Investing.com -- With earnings well underway and the U.S. election fast approaching, there has been lots to talk about in markets this week, with various big names making significant moves. Here are Investing.com’s stocks of the week:
Meanwhile, Amazon shares jumped by 6.7% Friday after reporting an earnings and revenue beat, with improving retail sales boosting profits. In a filing with the U.S. Securities and Exchange Commission , Super Micro disclosed that EY submitted its resignation on October 24. Reacting to the news, Rosenblatt suspended its rating for the stock, citing financial uncertainty. “Given the uncertainty surrounding the company's financials, we are suspending our rating, price target, and estimates on Super Micro until we have an outcome that can determine our recommendation,” said the firm.
Furthermore, the company also announced a cut to its quarterly dividend, while its F2Q outlook was below expectations.
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Source: Investingcom - 🏆 450. / 53 Read more »