Amazon.com remains in a solid, 14 month up trend.
The question for those trading long-only, is whether or not the earnings miss was simply lofty expectations, or things to come. The last quarter of 2015 was a record setting earnings report, but fell well short of holiday season nirvana.
Bullish order flow commits to future earnings, it will be interesting to see if institutions keep the stock price well-bid.
Pete’s Day Trading Notes:
- AMZN investors will show us a lot today. Is it a bargain or things to come?
- The first hour of the day is providing the best opportunities this week. Need to be ready out of the gate.
- FB over $110 looks good.
Stock Market Today: Map of the S&P 500
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–> Top 25 Proprietary Trading Secrets
SPY price action has shifted from momentum selling, to trading range. The range is $187-191. Lack of conviction in this window.
We see this manifest with doji type candlesticks on the intra day time frames.
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Amazon Had Its Biggest Profit Ever, But Is Earnings Miss A Sign Of Future Struggles?
AMZN on Thursday released its fourth quarter earnings results to anxious investors who had been hoping to see great things from the firm. However, in the hours following the firm’s earnings call, Amazon shares fell 13 percent as investors backed away.
While Amazon’s results showed that the retailer had posted its largest quarterly profit ever in the final quarter of 2015, the earnings results came in below analysts expectations, spooking many traders.
Amazon’s sales increased to $33.75 billion in the fourth quarter of 2015, a sizable increase from last year’s $29.3 billion. The firm also reported EPS of $1.00, up from just $0.51 per share a year earlier. Most impressively, Amazon’s annual sales came in at $107 billion, the first time the firm was able to reach past the $100 billion mark since its inception.
However, those figures came in well below what analysts had been predicting. Before the release, most were expecting to see $36 billion in sales and EPS of $1.56 per share.
Continue reading the full article on benzinga.com
Amazon Earnings Report Disappoints 1-29-16
Amazon’s fourth-quarter results dented lofty hopes that a new age of profitability is at hand.
Amazon.com‘s stock crashed late Thursday after the e-commerce giant fell well short of earnings estimates and also came up light on revenue. The company posted 22% sales growth to $35.7 billion, or 26% excluding foreign exchange swings. Amazon reported non-GAAP earnings per share of $1, up 122% over the year-earlier quarter earnings of 45 cents per share. ButContinued
Amazon.com, Inc. (NASDAQ: AMZN) reported fourth-quarter results after Thursday’s market close. The company reported net sales of $35.7 billion in the fourth quarter of 2015, up from $29.3 billion in the fourth quarter of 2014. Analysts were expecting a revenue figure of $35.9 billion.
Amazon.com, Inc. (NASDAQ: AMZN) has managed to be a thorn in the side of retail America. Now its fourth quarter earnings report may have some things left to be desired. Amazon said that net sales…
— Reuters Business (@ReutersBiz) January 28, 2016
AMZN Stock Price After Earnings Report
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Stocks to Trade 1-29-16
Short-Term Trading Momentum:
Positive the last 20 and 5 trading days | closed 2% higher from the open: UA, CRUS, PE, OKE, COH, AEP, WEC, EIX, NEE, MO
Negative last 20 and 5 trading days | closed 2% lower from the open: uri, abt, qcom, dfs, holx, lly, ilmn, celg, aer, kmx, rcl, baba, amtd, abc, yhoo, axp, esrx, luv, wrk, aet, agnm teva, bbby, ccl, mar, gild, mrk, cbg, v, abbv, akam, ctrp, ma, bmy, expe, bidu, atvi, jd
Quarterly Order Flow:
Bullish Stocks to Trade: LULU, NEE, KHC, FL, MCD, FB, PM
Bearish Stocks to Trade: uri, qcom, mnk, lly, ilmn, celg, aer, kmx, rcl, baba, dal, mbly, ual, abc, axp, esrx, car, wrk, aet, teva, mar, gild, v, hcn, ma, len, bidu, lnc, stx, ir, stt, aapl, tsla, cf, ba, vmw, unp, nflx. hog, wdc, apc
20 Day Breakdown: uri, abt, qcom, dfs, holx, lly, ilmn, celg, rcl, abc, axp, crm, ccl, mrk, vlo, nvs, hcn, ma, bmy, atvi, stx, adbe, jd, stt, mjn
20 Day Breakout: UA, CRUS, FB, PE, COH, AEP, WEC, D, NEE, PG, MCD
2x Normal Volume: FB, BXLT, ABT, PYPL, UA, AXP, AAL, BMY, CELG, CCL, AMZN, DFS, URI, HOG, BA, LLY, HES, MA, CRUS, CRM, HOLX, VRTX, AMTD, MJN, COF, RCL, ABC, ADBE, HP, MCK
Inside days: ge, t, intc, vz, jpm, orcl, jnj, ba, usb, swks, cof, csx, met, utx, hon, ip, ntap, tgt, ibm, dhr, cf, acn, gps, vmw, mmm, adi, pnc, kors, pru, tso, mon, hig, intu