AMZN

ETFsector.com Daily Trading Outlook, November 1, 2024

Daily Trading Outlook / Patrick Torbert / AAPL, AMZN, CVX, HALO, INTC, TEAM, XOM

Friday morning S&P futures up 0.4% after Thursday’s tech-led U.S. equity sell-off, with Nasdaq down over 2.5%—its steepest drop since early September. Treasuries are flat to weaker with curve flattening, the dollar index is up 0.2%, gold up 0.3%, Bitcoin futures down 0.3%, and WTI crude up 2% amid geopolitical tensions. Key Earnings Takeaways: Amazon […]

ETFsector.com Daily Trading Outlook, November 1, 2024 Read More »

AAPL, AMZN, CVX, HALO, INTC, TEAM, XOM

Analysts update their price target for Microsoft’s stock.

XLF Financials, XLK Technology, XLY Consumer Discretionary / / AMZN, GOOG, GOOGL, JPM, META, MS, MSFT, UBS

Software powerhouse Microsoft unveiled its first-quarter report for fiscal year 2025 on October 30, delivering notable results that surpassed expectations. However, there are concerns surrounding the impact of the company’s substantial investment in artificial intelligence.

Analysts update their price target for Microsoft’s stock. Read More »

AMZN, GOOG, GOOGL, JPM, META, MS, MSFT, UBS

Consumer Discretionary Sector November Outlook—Bullish Reversal Still Intact Despite an October Pause

XLY Consumer Discretionary / Patrick Torbert / AMZN, BKNG, CCL, EXPE, NCLH, RCL, TSLA

Slowly progressing through a bullish reversal that started in August

Consumer Discretionary Sector November Outlook—Bullish Reversal Still Intact Despite an October Pause Read More »

AMZN, BKNG, CCL, EXPE, NCLH, RCL, TSLA

Amazon’s cloud business, which brings in $110 billion, continues to generate profits despite the costly competition in the Gen AI sector. However, the sustainability of this success remains uncertain.

XLY Consumer Discretionary / / AMZN

CEO Andy Jassy admitted that Amazon needs to invest heavily in AI infrastructure, even if it means sacrificing short-term profits, in the hopes of yielding significant returns in the future.

Amazon’s cloud business, which brings in $110 billion, continues to generate profits despite the costly competition in the Gen AI sector. However, the sustainability of this success remains uncertain. Read More »

AMZN

Governor of California travels to Seattle to protest a ballot measure that seeks to reverse climate initiatives.

XLK Technology, XLY Consumer Discretionary / / AMZN, MSFT

California Governor Gavin Newsom and Washington Governor Jay Inslee participated in a rally and canvassing event hosted by Washington Physicians for Social Responsibility to oppose Proposition 2117.

Governor of California travels to Seattle to protest a ballot measure that seeks to reverse climate initiatives. Read More »

AMZN, MSFT

The governor of California visits Seattle to participate in a rally against a ballot measure that seeks to reverse climate change initiatives.

XLK Technology, XLY Consumer Discretionary / / AMZN, MSFT

California Governor Gavin Newsom participated in a rally and canvass event hosted by Washington Physicians for Social Responsibility alongside Washington Governor Jay Inslee and other individuals to oppose Proposition 2117.

The governor of California visits Seattle to participate in a rally against a ballot measure that seeks to reverse climate change initiatives. Read More »

AMZN, MSFT

Anticipated market trends for the upcoming week.

XLB Materials, XLC Communication Services, XLF Financials, XLI Industrials, XLK Technology, XLP Consumer Staples, XLU Utilities, XLV Health Care, XLY Consumer Discretionary / / AMZN, BA, CCH.XLON, CL, COF, GEV, HON, IBM, KO, LOGI, NOW, NUE, PM, SAP, T, TMO, TMUS, TSLA, TXN, UNP, UPS, VZ

Upcoming events include earnings reports from Tesla, Amazon, Coca-Cola, housing market data, and comments from the Federal Reserve. Tesla is expected to report on its financial performance.

Anticipated market trends for the upcoming week. Read More »