Business

Pros on CNBC discussed talk about Amazon as the stock fell Friday

October 20, 2023 | 05:40pm

Amazon falls ahead of next week’s earnings results. How to play the stock now

Market Movers rounded up the latest reactions on Amazon from investors and analysts.

Ahead of a busy week of Big Tech earnings, the Nasdaq Composite shed more than 3% on the week. The pros discussed Amazon after JPMorgan said the e-commerce giant remains its "top internet pick." The firm rates Amazon overweight.

Shares of the tech giant lost 3.5% on the week and closed Friday's trading session down 2.5%.

Amazon reports earnings next Thursday after the bell and is held in Jim Cramer's Charitable Trust portfolio.

This story originally appeared on: CNBC - Author:Christina Falso

Follow Us on Facebook

Read Next

3M said it would cut about 6,000 positions to focus on high-growth markets, such as automotive electrification and home improvement

Most Popular This Week
1 The holiday season can be an opportunity to discuss estate planning with aging parents, experts say
The holiday season can be an opportunity to discuss ...
2 If you're retired and planning a year-end charitable gift, you can boost your tax break with a qualified charitable distribution, or QCD
If you're retired and planning a year-end charitable gift, ...
3 Actively managed exchange-traded funds have captured investor money in recent years while active mutual funds have shed net assets
Actively managed exchange-traded funds have captured investor money in ...
4 These are the stocks posting the largest moves in midday trading
These are the stocks posting the largest moves in ...
5 Retiring early is the dream for many workers
Retiring early is the dream for many workers
6 These are the stocks posting the largest moves in premarket trading
These are the stocks posting the largest moves in ...
7 The appointment came as Donald Trump renewed his vow to raise tariffs on imports from China, Mexico and Canada
The appointment came as Donald Trump renewed his vow ...
8 These are the stocks posting the largest moves in extended trading
These are the stocks posting the largest moves in ...
9 Renters typically have a much smaller net worth compared to homeowners in the U.S
Renters typically have a much smaller net worth compared ...
10 If you're making a gift to charity on Giving Tuesday or over the holiday season, there are ways to maximize your tax break
If you're making a gift to charity on Giving ...
More from: Christina Falso
1 Pros on CNBC discussed AMD after the company reported third-quarter results that beat expectations
Pros on CNBC discussed AMD after the company reported ...
2 Pros on CNBC discussed Caterpillar after the company reported third-quarter results that beat expectations but forecasted 'slightly higher' Q4 revenue
Pros on CNBC discussed Caterpillar after the company reported ...
3 Pros on CNBC discussed Meta after the company reported third-quarter results that beat expectations but forecasted slowing ad sales in the fourth quarter
Pros on CNBC discussed Meta after the company reported ...
4 Pros on CNBC discussed Alphabet after the company missed on cloud revenue estimates in the third quarter
Pros on CNBC discussed Alphabet after the company missed ...