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Amazon

Amazon

$AMZN
NASDAQConsumer Discretionary

615 stories mentioning AmazonUpdated 12h ago

Traded amid mixed consumer stocks; its Whole Foods unit lost a US labor board appeal over a Philadelphia store unionization vote.

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Wire

Baldwin Insurance Expands Partnership With Anthropic to Deploy Claude Across Company

Baldwin Insurance (BWIN) said Monday it has expanded its partnership with Amazon-backed Anthropic (AMZN) to deploy the artificial intelligence company's Claude AI assistant across its segments and functional business groups.During the firm-wide rollout, initial use cases will focus on helping frontline advisors and client teams to better analyze risk, synthesize client information, and support tailored insurance solutions, the company said.Over time, Claude's capabilities will be extended to more advance, agentic end-to-end workflows across Baldwin's platform, the company added.Financial details related to the expanded partnership were not disclosed.Price: $22.21, Change: $+0.18, Percent Change: +0.82%

$AMZN$BWIN
Wire

Street Color: Goldman Sachs, Blackstone, Anthropic, Hellman & Friedman Form New AI Services Entity

Street Color: Goldman Sachs, Blackstone, Anthropic, Hellman & Friedman Form New AI Services Entity

$AMZN$BX$GS
Research

Fubon Securities Upgrades Amazon.com to Buy From Neutral, Adjusts PT to $320 From $240

Amazon.com (AMZN) has an average rating of buy and mean price target of $307.78, according to analysts polled by FactSet.

$AMZN
US Markets

Nasdaq, S&P 500 Log Record Finish, Extend Streak of Weekly Gains

The Nasdaq Composite and the S&P 500 reached new peaks on Friday, scoring their fifth consecutive weekly gains.The Nasdaq Composite rose 0.9% to 25,114.4, while the S&P 500 advanced 0.3% to 7,230.1, both notching record closing highs. The Dow Jones Industrial Average lost 0.3% to 49,499.3. Barring technology and consumer discretionary, all sectors ended in the red, led by energy.This week, the Nasdaq gained 1.1%, while the S&P 500 added 0.9%, their fifth weekly rise in a row. The Dow is up 0.6% after last week's 0.4% loss.Apple (AAPL) shares jumped 3.2% on Friday, the second-biggest gainer on the Dow. Late Thursday, the tech giant logged fiscal second-quarter results above Wall Street's estimates as iPhone revenue came in stronger than expected.Apple's fiscal third-quarter revenue guidance was well above the Street's estimates despite supply constraints for Mac models that will likely continue for several months, Wedbush Securities said in a note.Several other tech names advanced, with Oracle (ORCL) up 6.5%, among the top gainers on the S&P 500, while Salesforce (CRM) climbed 4.1%, the best performer on the Dow. Shares of Intel (INTC), Microsoft (MSFT) and Amazon.com (AMZN) also rose.In other company news, Exxon Mobil (XOM) and Chevron (CVX) reported year-over-year declines in their first-quarter earnings amid supply disruptions due to the Middle East war, though the figures came in ahead of the Street's estimates. Exxon shares fell 1%, while Chevron lost 1.4%.West Texas Intermediate crude oil was down 2.7% at $102.20 per barrel in Friday late-afternoon trade, while Brent dropped 1.7% to $108.57. Both benchmarks, however, were on track for their second consecutive weekly advance."Brent crude remains elevated after touching a fresh wartime high late in April, supported by worsening physical tightness and rising concern about outright shortages in some regions," Saxo Bank Head of Commodity Strategy Ole Hansen said in a report. "The near closure of the Strait of Hormuz continues to prolong a disruption that is steadily tightening global energy markets, with flows through one of the world's most important oil arteries still severely restricted."US President Donald Trump said he is displeased with a new peace offer from Iran, CNBC reported Friday.Israel struck the Habbouch town in southern Lebanon, CNN reported, citing Lebanon's health ministry.US Treasury yields were mixed, with the 10-year rate up 1.3 basis points at 4.39% and the two-year rate little changed at 3.88%.In economic news, the US manufacturing sector saw continued growth in April, though inflationary pressures intensified amid disruptions caused by the Middle East conflict, separate surveys by the Institute for Supply Management and S&P Global (SPGI) showed.Three Federal Reserve officials who wanted language changes in the April monetary policy statement said Friday that risks to inflation and employment didn't warrant an inclusion of the so-called easing bias.On Wednesday, regional presidents Beth Hammack of Cleveland, Neel Kashkari of Minneapolis and Lorie Logan of Dallas supported the Fed's decision to keep its benchmark lending rate steady, but opposed including an easing bias in the Federal Open Market Committee statement.Gold was down 0.1% at $4,623.30 per troy ounce, while silver climbed 2.6% to $75.95 per ounce.

Dow JonesNasdaq CompositeS&P 500$AAPL$AMZN$CRM$CVX$INTC$MSFT$ORCL$SPGI$XOM
US Markets

Equity Markets Mostly Rise Intraday as Apple Helps Lift Tech

US benchmark equity indexes were mostly higher intraday as a post-earnings rally in Apple (AAPL) shares helped lift the technology sector, while oil prices fell.The Nasdaq Composite was up 1.2% at 25,183.1 after midday Friday, while the S&P 500 rose 0.6% to 7,252.5. Both benchmarks hit new closing highs in the previous session. The Dow Jones Industrial Average was little changed at 49,661.6 intraday Friday.Among sectors, tech paced the gainers with a 1.7% jump, while energy saw the biggest drop.Apple shares were up 4%, the best performer on the Dow. Late Thursday, the tech giant logged fiscal second-quarter results above Wall Street's estimates as iPhone revenue came in stronger than expected.Apple's fiscal third-quarter revenue guidance was well above the Street's estimates despite supply constraints for Mac models that will likely continue for several months, Wedbush Securities said in a note.Several other big tech names were also advancing intraday, with Oracle (ORCL) up 7.4%, among the biggest gainers on the S&P 500. Shares of Intel (INTC), Salesforce (CRM), Microsoft (MSFT), Amazon.com (AMZN), Cisco Systems (CSCO), and IBM (IBM) were also higher.In other company news, Exxon Mobil (XOM) and Chevron (CVX) reported year-over-year declines in their first-quarter earnings amid supply disruptions due to the Middle East war, though the figures came in ahead of the Street's estimates. Exxon shares were down 1.2% intraday, while Chevron lost 1.5%, the second-worst performer on the Dow.West Texas Intermediate crude oil fell 3.1% to $101.82 per barrel, while Brent crude was down 2.1% at $108.04.US President Donald Trump said he is displeased with a new peace offer from Iran, noting that Tehran "wants to make a deal, but I'm not satisfied with it," CNBC reported Friday.Israeli strikes against the Habbouch town in southern Lebanon have killed six people, CNN reported, citing Lebanon's health ministry.US Treasury yields were lower intraday, with the 10-year rate down 1.4 basis points at 4.38% and the two-year rate losing one basis point to 3.88%.In economic news, the US manufacturing sector saw continued growth in April, though inflationary pressures intensified amid disruptions caused by the Middle East conflict, separate surveys by the Institute for Supply Management and S&P Global (SPGI) showed."The prices-paid index's steep climb to multiyear highs -- alongside the conspicuous slowdown in supplier deliveries -- signals mounting supply-chain stress and inflationary pressures driven by surging energy prices and war-related disruptions," TD Economics said in a note. "These resurgent price pressures are keeping the Federal Reserve on alert, supporting expectations that any additional monetary policy easing is unlikely in the near term."Three Fed officials who wanted language changes in the April monetary policy statement said Friday that risks to inflation and employment didn't warrant an inclusion of the so-called easing bias.On Wednesday, regional presidents Beth Hammack of Cleveland, Neel Kashkari of Minneapolis and Lorie Logan of Dallas supported the Fed's decision to keep its benchmark lending rate steady, but opposed including an easing bias in the Federal Open Market Committee statement.Gold rose 0.4% to $4,647 per troy ounce, while silver climbed 3% to $76.23 per ounce.

Dow JonesNasdaq CompositeS&P 500$AAPL$AMZN$CRM$CSCO$CVX$IBM$INTC$MSFT$ORCL$SPGI$XOM
Wire

Top Midday Stories: Apple Tops Fiscal Q2 EPS, Revenue Estimates, Raises Dividend; Pentagon Strikes Deals With 7 AI Companies

All three major US stock indexes were up in late-morning trading Friday, as The Street looks to close out a tumultuous week of trading on a high note.In company news, Apple (AAPL) reported fiscal Q2 earnings late Thursday of $2.01 per diluted share, up from $1.65 a year earlier and above the FactSet consensus of $1.95. Fiscal Q2 revenue was $111.18 billion, up from $95.36 billion a year ago and above the FactSet consensus of $109.46 billion. Apple's board raised its quarterly dividend by a cent to $0.27 per share, payable May 14 to stockholders of record as of May 11. The board also authorized an additional program to repurchase up to $100 billion of common shares. Apple shares were up 4.5% around midday.The US Department of Defense said Friday it has entered into agreements with seven of the largest artificial intelligence companies to deploy their AI capabilities on its classified networks. The Pentagon said it reached deals with Alphabet's (GOOG, GOOGL) Google, Nvidia (NVDA), Microsoft (MSFT), Amazon's (AMZN) Amazon Web Services, SpaceX, OpenAI and Reflection. Alphabet's Class C and Class A shares were down 0.1% and up 0.1%, respectively. Shares of Nvidia, Microsoft and Amazon were down 0.3%, up 1.7% and up 1.7%, respectively.Exxon Mobil (XOM) reported Q1 adjusted earnings Friday of $1.16 per diluted share, down from $1.76 a year earlier but above the FactSet consensus of $0.98. First-quarter revenue and other income was $85.14 billion, up from $83.13 billion a year ago and above the FactSet consensus estimate of $81.13 billion. Exxon Mobil shares were down 0.8%.Chevron (CVX) reported Q1 adjusted earnings Friday of $1.41 per diluted share, down from $2.18 a year earlier but above the FactSet consensus of $0.97. First-quarter revenue and other income was $48.61 billion, up from $47.61 billion a year ago but below the FactSet consensus of $51.86 billion. Chevron shares were down 1.2%.SanDisk (SNDK) reported fiscal Q3 adjusted earnings late Thursday of $23.41 per diluted share, up from a loss of $0.30 a year earlier and above the FactSet consensus of $14.62. Fiscal Q3 revenue was $5.95 billion, up from $1.70 billion a year ago and above the FactSet consensus of $4.72 billion. For fiscal Q4, the company said it expects adjusted EPS of $30 to $33 on revenue of $7.75 billion to $8.25 billion. Analysts polled by FactSet expect $23.38 and $6.62 billion, respectively. SanDisk shares were down 0.5%.Price: $284.89, Change: $+13.54, Percent Change: +4.99%

$AAPL$AMZN$CVX$GOOG$GOOGL$MSFT$NVDA$SNDK$XOM
Wire

SPS Commerce Q1 Disappoints, Amazon Headwinds Weigh on Growth, Morgan Stanley Says

SPS Commerce (SPSC) reported a disappointing Q1 with revenue missing consensus and continued headwinds from the Amazon (AMZN) policy change weighing on growth and prompting a reduction in full-year outlook, Morgan Stanley said in a Friday note.The company lowered its fiscal 2026 revenue guidance to a midpoint of 6.3% from 6.8%, reflecting lower than expected revenue from its Amazon recovery business in Q1, the investment firm said.While SPS Commerce's core business is growing at a high-single-digit rate, another quarter near the low end of guidance and a further reduction to its full-year revenue outlook are likely to weigh on investor confidence, according to the research note.The investment firm added that concerns around software growth and artificial intelligence-related risks remain elevated, and new growth initiatives are unlikely to materially contribute until 2027.Morgan Stanley maintained its equalweight rating on SPS Commerce and lowered its price target to $70 from $95.Shares of SPS Commerce were up nearly 5% in Friday trading.Price: $58.84, Change: $+2.72, Percent Change: +4.84%

$AMZN$SPSC
Wire

Market Chatter: Amazon Plans to Reboot 'The Apprentice' Reality TV Show

Amazon (AMZN) is exploring a reboot of "The Apprentice" reality TV show, with discussions ongoing about casting Donald Trump Jr. for new episodes, The Wall Street Journal reported Thursday, citing people familiar with the matter.Discussions are in the early stages and Amazon hasn't approached the Trump family yet, the report said. President Donald Trump hosted the show, which aired on NBC for 14 seasons, according to the report.In March 2025, Amazon released episodes of the original series on Prime Video and there was a rush to resurface the show after Trump won the 2024 US elections, sources told the media outlet.Amazon did not immediately respond to a request for comment from.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)Price: $261.90, Change: $-1.14, Percent Change: -0.43%

$AMZN
Wire

Amazon's Backlog Ramp Points to Accelerating Revenue Growth, UBS Says

Amazon's (AMZN) backlog ramp, including $100 billion from Anthropic, points to accelerating revenue growth in 2026 and 2027, UBS said in a Thursday report."While there may still be some variability on the magnitude, the backlog ramp continues to point the way to accelerating revenue growth throughout 2026 and 2027, which should in turn raise investor confidence on ROIC," the note said. ROIC refers to return on invested capital.For 2026, the base case for Amazon Web Services growth is now 36%, the report said, adding that consolidated near-term revenue estimates have also moved up, driven by the e-commerce business following Q1 beat.UBS reiterated its buy rating and boosted its price target to $333 from $304.Price: $259.19, Change: $-3.85, Percent Change: -1.46%

$AMZN
Wire

Top Midday Stories: Tech Giants' Earnings Top Estimates, Reactions Mixed; Eli Lilly Lifts Outlook After Estimate-Beating Q1 Earnings

All three major US stock indexes were up in late-morning trading Thursday, as investors digest a slew of earnings reports from the giant tech companies as well as the Federal Reserve's decision Wednesday to leave interest rates unchanged.In company news, Meta Platforms (META) reported Q1 earnings late Wednesday of $10.44 per diluted share, up from $6.43 a year earlier and above the FactSet consensus analyst estimate of $6.67. Meta Q1 revenue was $56.31 billion, up from $42.31 billion a year ago and above the FactSet consensus of $55.56 billion. For Q2, Meta said it expects revenue of $58 billion to $61 billion, compared to the FactSet consensus of $59.48 billion. Full-year 2026 capital expenditures are expected to be between $125 billion and $145 billion, up from the prior outlook of $115 billion to $135 billion, Chief Financial Officer Susan Li said on a call with analysts. The daily active people average for March was 3.56 billion, up 4% year over year but down slightly quarter over year due to internet disruptions in Iran and WhatsApp restrictions in Russia, the company said. After the earnings report, Meta commenced a US investment-grade bond sale in as many as six parts through which it is looking to raise up to $25 billion. Meta shares were down 9.5% around midday.Alphabet (GOOG, GOOGL) reported Q1 earnings late Wednesday of $5.11 per diluted share, up from $2.81 a year earlier and above the FactSet consensus estimate of $2.63. Alphabet Q1 revenue was $109.9 billion, up from $90.2 billion a year ago and above the FactSet consensus of $106.96 billion. The tech giant raised it quarterly cash dividend to $0.22 per share from $0.21 per share, payable June 15 to shareholders of record as of June 8. Alphabet's Class C and Class A shares were up 7.2% and 7.3%, respectively.Amazon (AMZN) reported Q1 earnings late Wednesday of $2.78 per diluted share, up from $1.59 a year earlier and above the FactSet consensus of $1.63. Amazon Q1 revenue was $181.52 billion, up from $155.67 billion a year ago and above the FactSet consensus of $177.28 billion. For Q2, the company said it expects revenue of $194 billion to $199 billion, above the FactSet consensus of $188.96 billion. Amazon shares were down 1.2%.Microsoft (MSFT) reported fiscal Q3 adjusted earnings late Wednesday of $4.27 per diluted share, up from $3.54 a year earlier and above the FactSet consensus of $4.05. Fiscal Q3 revenue was $82.89 billion, up from $70.07 billion a year ago and above the FactSet consensus of $81.40 billion. Microsoft shares were down 4.5%.Eli Lilly (LLY) reported Q1 non-GAAP earnings Thursday of $8.55 per diluted share, up from $3.34 a year earlier and above the FactSet consensus of $6.97. Lilly Q1 revenue was $19.80 billion, up from $12.73 billion a year ago and above the FactSet consensus of $17.82 billion. For full-year 2026, the company said it expects adjusted EPS of $35.50 to $37.00, up from its previous guidance of $33.50 to $35.00 and above the FactSet consensus of $34.51. Full-year revenue is expected to be between $82 billion and $85 billion, up from its previous outlook of $80 billion to $83 billion and compared to the FactSet consensus of $82.07 billion. Eli Lilly shares were up 8.1%.Qualcomm (QCOM) reported fiscal Q2 adjusted earnings late Wednesday of $2.65 per diluted share, down from $2.85 a year earlier but above the FactSet consensus of $2.56. Fiscal Q2 revenue was $10.60 billion, down from $10.97 billion a year ago but above the FactSet consensus of $10.69 billion. For fiscal Q3, the company said it expects adjusted EPS of $2.10 to $2.30, below the FactSet consensus of $2.42. Fiscal Q3 revenue is expected to be between $9.20 billion to $10 billion, below the FactSet consensus of $10.19 billion. CFO Akash Palkhiwala said on the company's earnings call that the company expects shipments to Chinese Android customers to recover after inventory corrections. Qualcomm also said it has secured a "multi-generation engagement" with a leading hyperscaler, with initial shipments expected to begin later this year. Qualcomm shares were up 18.0%.Caterpillar (CAT) reported Q1 adjusted profit Thursday of $5.54 per share, up from $4.25 a year earlier and above the FactSet consensus of $4.65. Total Q1 sales and revenue were $17.42 billion, up from $14.25 billion a year ago and above the FactSet consensus of $16.53 billion. For full-year 2026, the company said it expects low double-digit sales and revenue growth, higher year-over-year free cash flow in its primary operating segment of machinery, power and energy, and adjusted operating profit margin near the bottom of the target range. Caterpillar shares were up 8.6%.Mastercard (MA) reported Q1 adjusted earnings Thursday of $4.60 per diluted share, up from $3.73 a year earlier and above the FactSet consensus of $4.41. Net Q1 revenue was $8.40 billion, up from $7.25 billion a year ago and above the FactSet consensus of $8.26 billion. Mastercard shares were down 3.6%.Stellantis (STLA) reported Q1 adjusted earnings Thursday of 40.21 per diluted share, upf rom $0.04 a year earlier and above the FactSet consensus of $0.19. Net Q1 revenue was $38.13 billion, up from $25.81 billion ay ear ago but below the FactSet consensus from four analysts of $44.95 billion. For full-year 2026, the company said it expects mid-single-digit net revenue growth. Stellantis shares were down 4.9%.Price: $606.15, Change: $-62.97, Percent Change: -9.41%

$AMZN$CAT$GOOG$GOOGL$LLY$MA$META$QCOM$STLA
Wire

Amazon Cloud Progress Evident on Multiple Fronts, AWS Growth Accelerates, BofA Says

Amazon.com (AMZN) is showing improving momentum in its cloud business across multiple fronts, driven by gains in capacity, proprietary chips and rising AI-related demand, with growth in Amazon Web Services accelerating, BofA Securities said in a Thursday note.AWS revenue growth accelerated to 28% year over year in Q1, driven by strong demand for AI workloads and core services, alongside rising backlog and early large AI contract wins. The backlog increased by about $120 million quarter over quarter, including roughly $100 million from Anthropic expected in Q2, while Trainium chip commitments exceeded $225 billion.BofA increased its Q2 revenue forecast to about $198 billion from roughly $189 billion, citing AWS strength and a Prime Day timing benefit. The firm also raised its operating profit estimate to about $23.9 billion from $22.9 billion previously.The investment firm also raised its longer-term outlook. It lifted its 2026 revenue and operating profit projections on stronger cloud momentum and improved retail performance. It raised its 2027 estimates to about $949 billion in revenue, $130 billion in operating profit and $9.92 in earnings per share.BofA reiterated its buy rating on the stock and raised its price objective to $310 from $298.Shares of Amazon were down 1.3% in Thursday trading.Price: $259.65, Change: $-3.39, Percent Change: -1.29%

$AMZN
Wire

Oppenheimer Adjusts Price Target on Amazon.com to $320 From $275, Maintains Outperform Rating

Amazon.com (AMZN) has an average rating of buy and mean price target of $300.15, according to analysts polled by FactSet.Price: $259.34, Change: $-3.70, Percent Change: -1.41%

$AMZN
Wire

BofA Securities Adjusts Price Target on Amazon.com to $310 From $298, Maintains Buy Rating

Amazon.com (AMZN) has an average rating of buy and mean price target of $295.80, according to analysts polled by FactSet.Price: $260.89, Change: $-2.15, Percent Change: -0.82%

$AMZN
Asia Markets

Big Tech Earnings, Fed Rate Decision Lift US Equity Futures Pre-Bell

US equity futures were higher pre-bell Thursday as traders absorbed the latest round of financial results, including those of big tech, amid the Federal Open Market Committee maintaining its target rate.Dow Jones Industrial Average futures were 0.6% higher, S&P 500 futures were up 0.5%, and Nasdaq futures were 0.7% higher.Alphabet (GOOG, GOOGL), Amazon (AMZN), and Meta Platforms (META) all reported higher earnings and revenue for Q1, while Microsoft (MSFT) posted an increase in fiscal Q3 adjusted earnings and revenue. Apple (AAPL) is expected to publish its fiscal Q2 financial results after-market.The Federal Open Market Committee maintained the target range for its federal funds rate at 3.50% to 3.75%, as expected, but the level of dissent was reportedly the highest since 1992, with four officials dissenting.Oil prices were lower, with front-month global benchmark North Sea Brent crude down 0.7% at $109.72 per barrel and US West Texas Intermediate crude 1.2% lower at $106.61 per barrel.In other world markets, Japan's Nikkei closed 1.1% lower, Hong Kong's Hang Seng ended 1.3% lower, and China's Shanghai Composite finished 0.1% higher. Meanwhile, the UK's FTSE 100 was up 1.4%, and Germany's DAX index was 0.9% higher in Europe's early afternoon session.The March core personal consumption expenditures price index, the Federal Reserve's preferred inflation gauge, released at 8:30 am ET, gained 0.3%, lower than 0.4% in the prior month and meeting estimates compiled by Bloomberg.Initial jobless claims declined to 189,000 in the week ended April 25 from an upwardly revised 215,000 level in the previous week, compared with expectations for a decrease to 212,000. Q1 GDP growth was recorded at a 2.0% annual rate, compared with expectations for 2.3%.In equities, Alphabet and Amazon shares rose 7.3% and 3.4%, respectively, after the companies reported their Q1 financial results. Eli Lilly (LLY) stock was up 6.1% after the company posted Q1 non-GAAP earnings and revenue that surpassed analysts' consensus and boosted its full-year 2026 guidance.On the losing side, Meta Platforms shares were 8.4% lower, a day after the company said it raised its 2026 capital expenses outlook and reported a decline in its daily active users on a quarter-over-quarter basis. Stellantis (STLA) stock was down 2.6% after the company reported Q1 net revenue that fell short of analysts' estimates. Microsoft shares were down 0.9% despite the company posting a fiscal Q3 adjusted earnings and revenue beat.

Dow JonesNasdaq CompositeS&P 500$AAPL$AMZN$GOOG$GOOGL$LLY$META$MSFT$STLA
Japan

Big Tech Earnings, Fed Rate Decision Nudge US Equity Futures Higher Pre-Bell

US equity futures were higher pre-bell Thursday as traders absorbed the latest round of financial results, including those of big tech, amid the Federal Open Market Committee maintaining its target rate.Dow Jones Industrial Average futures were 0.6% higher, S&P 500 futures were up 0.4%, and Nasdaq futures were 0.5% lower.Alphabet (GOOG, GOOGL), Amazon (AMZN), and Meta Platforms (META) all reported higher earnings and revenue for Q1, while Microsoft (MSFT) posted an increase in fiscal Q3 adjusted earnings and revenue. Apple (AAPL) is expected to publish its fiscal Q2 financial results after-market.The Federal Open Market Committee maintained the target range for its federal funds rate at 3.50% to 3.75%, as expected, but the level of dissent was reportedly the highest since 1992, with four officials dissenting.Oil prices were lower, with front-month global benchmark North Sea Brent crude down 1.5% at $108.81 per barrel and US West Texas Intermediate crude 2.4% lower at $104.30 per barrel.The March core personal consumption expenditures price index, the Federal Reserve's preferred inflation gauge, scheduled for release at 8:30 am ET, is expected to increase 0.3%, compared with the prior month's gain of 0.4%, according to estimates compiled by Bloomberg.Initial jobless claims are projected to have declined to 212,000 in the week ended April 25 from 214,000 in the prior week. The advance estimate for Q1 GDP is seen coming in at 2.3%, up from 0.5% in the previous quarter.

Dow JonesNasdaq CompositeS&P 500$AAPL$AMZN$GOOG$GOOGL$META$MSFT
Research

Research Alert: CFRA Reiterates Strong Buy Recommendation On Shares Of Amazon.com, Inc.

CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:We raise our target price by $40 to $325, about 30x our 2027 EPS of $10.78 (up from $9.48; 2026 EPS raised to $9.34 from $7.60). Q1 results cleared a high bar: AWS grew 28% Y/Y, a 4-pt acceleration from Q4 2025, reaching a $150B annualized run-rate versus $85B three years ago. We see further acceleration ahead, with AWS potentially exiting 2026 at a high-30s percentage growth rate, supported by the company's $364B backlog (up 49% Q/Q), a figure that does not yet incorporate the recently announced $100B+ Anthropic commitment. Growth is being led by surging demand across both custom silicon (Trainium) and CPU infrastructure (Graviton), the latter reflecting AI's ongoing shift toward inference and agentic workloads. On the retail side, unit growth has returned to pandemic-era levels as AMZN deepens its penetration of everyday essentials and grocery. AMZN posted a record 13.1% operating margin in Q1, and we see further margin inflection in 2H 2026 as Amazon Leo-related production/launch costs become capitalized.

$AMZN
US Markets

Stocks Mostly Up Pre-Bell as Traders Digest Big Tech Earnings, Await Key Inflation Report

US equity markets were mostly pointing higher before the opening bell Thursday as investors digest the latest financial results from some of the biggest technology companies and await a key inflation report.The S&P 500 rose 0.1% and the Nasdaq added 0.2% in premarket activity, while the Dow Jones Industrial Average declined 0.2%. The indexes finished the previous trading session mixed.Shares of Meta Platforms (META) fell 8.8% pre-bell after the Facebook parent lifted its full-year capital expenditure guidance mainly due to higher component pricing, even though it reported stronger-than-expected first-quarter results. Microsoft (MSFT) decreased 1.8% as the tech giant said its capital expenditures will be about $190 billion in 2026, while its fiscal third-quarter results topped market estimates."It's crystal clear to us that the (artificial intelligence) revolution is accelerating at a warp speed pace with 2026 being an inflection point year for AI with hyperscalers now investing over $700 billion in (capital expenditures) in (2026) to capitalize on the opportunities in the space," Wedbush Securities said in a Thursday client note.Alphabet's (GOOG, GOOGL) class A and C shares climbed more than 6% each amid upbeat first-quarter results. Amazon (AMZN) inclined 2.5% as the e-commerce giant issued a strong second-quarter revenue outlook.iPhone maker Apple (AAPL) is scheduled to release its quarterly earnings after the markets close. Eli Lilly (LLY), Mastercard (MA), Caterpillar (CAT), Merck (MRK), Royal Caribbean Cruises (RCL) and Hershey (HSY) are slated to announce their results before the bell, among others.The personal income and outlays report for March is due to be released at 8:30 am ET. The report includes the personal consumption expenditure core price index, the Federal Reserve's preferred inflation metric.The central bank's Federal Open Market Committee left its benchmark interest rate unchanged on Wednesday as policymakers saw the Middle East conflict fueling uncertainty around the US economic outlook. In a post-meeting press conference, Jerome Powell said he will stay on as a Fed governor for an indefinite period after his term as Fed chief expires on May 15.The US Senate Banking Committee on Wednesday voted to advance Kevin Warsh's nomination as Fed chair to the Republican-controlled Senate.Treasury yields were down in premarket action, with the two-year rate retreating 3.2 basis points to 3.9% and the 10-year rate off 1.8 basis points to 4.4%.President Donald Trump is expected to receive a briefing on fresh potential military options against Iran on Thursday, Axios reported, citing two sources with knowledge. Trump recently told the news outlet that he will maintain the US naval blockade of Iranian ports until Tehran agrees to a nuclear deal.West Texas Intermediate crude oil slipped 0.2% to $106.62 a barrel before the open, while Brent decreased 1.6% to $116.20.Thursday's economic calendar also has the initial estimate report for the first-quarter gross domestic product at 8:30 am, along with the weekly jobless claims bulletin. The Chicago purchasing managers' index for April posts at 9:45 am.Gold rose 1.8% to $4,642 per troy ounce, while bitcoin moved 0.7% higher to $75,974.

Dow JonesNasdaq CompositeS&P 500$AAPL$AMZN$CAT$GOOG$GOOGL$HSY$LLY$MA$META$MRK$MSFT$RCL
US Markets

Meta Raises 2026 CapEx Forecast Amid High Component Pricing; First-Quarter Results Top Views

Meta Platforms (META) shares fell early Thursday as the Facebook parent raised its full-year capital expenditure guidance mainly due to higher component pricing, even though it reported stronger-than-expected first-quarter results.The technology giant now anticipates capital expenditures to be in a range of $125 billion to $145 billion for 2026, up from its previous projections of $115 billion to $135 billion, Chief Financial Officer Susan Li said in a late Wednesday statement."We are increasing our infrastructure (capital expenditure) forecast for this year," Chief Executive Mark Zuckerberg said during an earnings call, according to a FactSet transcript. "Most of that is due to higher component costs, particularly memory pricing."Capital expenditures stood at $19.84 billion for the March quarter. Shares of the company, which also owns WhatsApp and Instagram, fell nearly 9% in the most recent premarket activity."The trend over the last few years seems clear that we are seeing an increasing return on the amount that we can improve engagement for people and value for advertisers," Zuckerberg said. "This encourages us to continue investing heavily in what we expect will provide increasing value over the coming years as well."Microsoft (MSFT) said Wednesday that it expects capital expenditures of $190 billion for the 2026 calendar year, including roughly $25 billion from higher component pricing.Meta continues to see regulatory scrutiny over youth-related issues and has additional trials scheduled in the US this year, which may result in a "material loss," Li said. On Wednesday, the European Commission said it preliminarily found Meta to be in breach of the Digital Services Act for failing to prevent minors under 13 from accessing Instagram and Facebook.For the first quarter, the company's net income surged to $10.44 a share from $6.43 the year before, topping FactSet-polled consensus of $6.67. Revenue climbed 33% to $56.31 billion, ahead of the Street's view for $55.56 billion.Advertising revenue jumped to $55.02 billion from $41.39 billion in the 2025 quarter. Average price per ad inclined 12%, amid broad-based growth as the group benefited from ad performance improvements, better macro conditions versus the prior-year period and currency tailwinds in international regions, Li said on the call.Daily active users for the company's family of apps, including Facebook, Instagram and WhatsApp, increased 4% on a yearly basis to 3.56 billion on average for March, but were down on a quarterly basis due to internet disruptions in Iran, as well as a restriction on access to WhatsApp in Russia. Revenue for Reality Labs, Meta's virtual reality research unit, declined to $402 million from $412 million last year.For the current three-month period, the tech giant expects revenue to come in between $58 billion and $61 billion, including a 2% foreign-exchange tailwind. The Street is looking for $59.62 billion.Google parent company Alphabet (GOOG, GOOGL) also disclosed first-quarter results above Wall Street's estimates late Wednesday, while e-commerce giant Amazon (AMZN) issued an upbeat second-quarter revenue outlook.

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Research

Research Alert: Amzn: Strong Beat As Aws Growth Accelerates To 28%; Q2 Outlook Also Solid

CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:AMZN delivered strong Q1 2026 results with revenue of $181.6B beating the $177.2B consensus and operating income of $23.9B significantly exceeding the $20.7B consensus. Growth accelerated across all segments, with AWS leading at 28% (vs. 24% in Q4 2025), marking the fastest pace in 15 quarters (due to robust AI workload adoption). AWS margins expanded to 37.7% from 35.0% in Q4 2025 despite elevated capex, with AMZN's custom silicon business now exceeding $20B annual run rate with triple-digit growth and major commitments from OpenAI and Anthropic providing strong visibility. Management guided Q2 revenue to $194B-$199B, well above $188.9B consensus. We believe the results demonstrate successful monetization of AI infrastructure investments, with retail showing robust momentum including 15% unit growth and continued same-day delivery expansion. Free cash flow turned negative at -$17.2B due to $43B net capex, reflecting deliberate trade-offs for long-term AI positioning that should begin monetizing in 2027-2028.

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Japan

US Equity Indexes Fall Amid Surge in Crude Oil Prices, Dissent in Fed Policy Highest in Over 3 Decades

US equity indexes fell ahead of Wednesday's close as crude oil futures and government bond yields rose amid concern that no end is in sight for the Iran war.The Federal Open Market Committee maintained its target rate at a policy meeting, but beneath that outcome, the level of dissent was, reportedly, the highest since 1992. Fed Chair Jerome Powell said in a press conference after the meeting that he could stay as governor "at least" until the central bank's legal challenges are resolved.Index heavyweights Alphabet (GOOG, GOOGL), Amazon.com (AMZN), Meta Platforms (META), and Microsoft (MSFT) will report quarterly earnings after the bell, adding to frayed nerves as investors await the latest read on the hyperscalers' capital expenditure plans.The Dow Jones Industrial Average fell 0.6% to 48,860.1, with the S&P 500 down 0.1% to 7,129.2. The Nasdaq Composite slipped 0.1% to 24,639.5.President Donald Trump has instructed aides to prepare for an extended blockade of Iran, US officials told The Wall Street Journal. In recent meetings, including a Monday discussion in the Situation Room, Trump opted to continue squeezing Iran's economy and oil exports by preventing shipping to and from its ports, the WSJ reported.West Texas Intermediate crude oil futures jumped 8.2% to $108.15, and Brent crude futures surged 7.8% to $119.97 amid concern that Trump's policy will prolong disruption in the Strait of Hormuz, the chokepoint for 20% of global crude oil flows.The FOMC maintained its target rate at 3.50% to 3.75%, as expected, but four officials dissented, its statement showed late Wednesday.Fed Governor Stephen Miran again sought a 25-basis-point rate. Cleveland Fed President Beth Hammack, Minneapolis Fed President Neel Kashkari, and Dallas Fed President Lorie Logan supported holding rates steady but "did not support inclusion of an easing bias in the statement at this time," according to the statement.Chair Powell said he will continue to serve as a Fed Governor after his term as chair ends next month. Powell's term as governor is due to end in January 2028, but he could leave before the expiry. "I will stay until it is appropriate for me to leave."

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