Actionable Stock Market Trading Newswire. Built for Traders, by Traders.
All news is property of their respective owners.

Why Amazon Shares Are Rising

Amazon.com, Inc. (NASDAQ: AMZN) shares are trading higher by 5.66% to $122.44 Tuesday morning following bullish commentary on the stock from JPMorgan. 
byHenry Khederian
October 4, 2022
1 minute read
Total
0
Shares
0
0
0
0
0
0

Amazon.com, Inc. (NASDAQ:AMZN) shares are trading higher by 5.66% to $122.44 Tuesday morning following bullish commentary on the stock from JPMorgan. 

In a Tuesday note, the firm said Amazon remains its ‘Best Idea’ as it expects year-over-year revenue acceleration, margin expansion and capex moderation to ‘drive significant FCF inflection in 2023.’

A drop in treasury yields has helped lift the broader market in today’s session as the 10-year Treasury yield hit an intraday low of 3.583% Tuesday morning. 

Equities fell in September due to concerns over inflation, contractionary Federal Reserve policy and a potential recession. 

See Also: Why Kalvista Pharmaceuticals Shares Are Down Over 50%

 
Total
0
Shares
Share 0
Tweet 0
Share 0
Share 0
Share 0
Share 0
Related Posts
Read More

Ford Stock Is Trading Higher Tuesday: What’s Going On?

By Adam Eckert
April 23, 8:21 AM
Ford shares are trading higher Tuesday after General Motors raised its outlook for 2024. GM raised its adjusted earnings guidance from a range of $8.50 to $9.50 per share to a new range of $9 to $10 per share, versus estimates of $9.08 per share. GM also raised its adjusted automotive free cash flow guidance from a range of $8 billion to $10 billion to a new range of $8.5 billion to $10.5 billion.

F