- AMZNCNBC•4 hours ago
As soon as Jim Cramer heard the dreaded words "cuts forecast" from Amazon (NASDAQ: AMZN) on Thursday, he knew the stock would get clobbered. When a company announces worse-than-expected numbers and then cuts the forecast, that is just what happens, Cramer said. Amazon's shares fell more than 5 percent in after-hours trading on Thursday after it reported third-quarter earnings per share of 52 cents, while analysts expected 78-cents a share.
- BusinessReal Money•yesterday
I'm growing so tired of the recent trading-range action that I was hoping a bit too much that the negative reaction to Apple (AAPL) earnings and the weak action in small-caps might trigger some downside momentum. What happened instead is that the indices bounced right back and are barely unchanged. (Apple is part of TheStreet's Action Alerts PLUS portfolio.) Breadth is still dicey at 2,600 gainers to 3,900 decliners and the small-caps indices are hanging on by their fingertips to support, but the S&P 500 is showing just a minor loss. It still isn't a very good setup for buying, but the story of this market has been -- and still is -- a lack of momentum in either direction. One question we were
- financeNicole Sinclair•15 days ago
Many Wall Street analysts point to the expensive market—especially amid uncertain times—as a key reason for downside ahead.