Wall Street looks to rebound after a tough trading day that put the major averages on track for steep weekly losses.
My top 10 things to watch Friday, Oct. 27 1. Amazon shares jump 7% after the e-commerce giant reported earnings beat Thursday after the bell. Retail strongest ever and changed shopping paradigm. Amazon Web Services cloud unit is taking share and posted gigantic profit. Cost optimization still a headwind but impact is "meaningfully attenuating," advertising growing like mad because of new inferential generative AI — Nvidia — worth billions. Operating income jumped over 340% to $11.
upgrades shares to a hold from sell. 3. Hertz missed on earnings, shows that there is an EV situation that is almost perilous when it comes to both repair costs and depreciation. Ride sharing is best bet. CEO Stephen Scherr says company remains focused on the cost side to improve margins. 4. Not sure what to make of the Ford earnings report.
upgrades shares to a hold from sell. missed on earnings, shows that there is an EV situation that is almost perilous when it comes to both repair costs and depreciation. Ride sharing is best bet. CEO Stephen Scherr says company remains focused on the cost side to improve margins. earnings report. Time to get back to work? Lost a lot of business during the labor strike, more than people realize, and. The tool maker reported an earnings beat and raise this morning before the bell.
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