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- 📈 $AMZN: Soars 6.2% After Record Q3 Profits
📈 $AMZN: Soars 6.2% After Record Q3 Profits
Amazon stock jumps 6.2% as global retail rebound & cloud growth drive record $15.3B profit. 🚀
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AMZN: AMZN $195.78
This week's spotlight is on Amazon, whose shares jumped 6.2% to $198.12 after delivering impressive third-quarter results.
The e-commerce giant continues to show strong momentum, with significant growth across its key businesses. Let's dive into what's driving Amazon's success! 🚀
Market Momentum & Retail Strength
Amazon's North American segment delivered impressive numbers, with sales hitting $95.5 billion - a solid 9% growth. But what's really turning heads is how they're growing while improving profits. North American operations jumped to $5.7 billion in operating profit, up from $4.3 billion last year. The international business tells an even better story. After struggling with losses, they've turned things around to post a $1.3 billion operating profit. This shows Amazon can successfully scale its business model beyond the U.S. market while maintaining profitability - something many retail giants have struggled to achieve. The overall picture is equally impressive, with total revenue climbing 11% to $158.9 billion and net profits reaching $15.3 billion, marking a remarkable 55% increase from the previous year. Additional Reading |  |
Strong Cloud and Advertising Growth
AWS continues to deliver impressive performance with its cloud computing division growing solidly year-over-year. The cloud division is growing amid increasing competition for AI-related services, with Amazon investing heavily in building out data centers and computing capacity for its cloud customers. The advertising business is proving to be another success story, with strong sales growth as more brands leverage Amazon's platform. The company's also been busy expanding its partnerships, signing major agreements with industry leaders like Capital One, Sony, T-Mobile, and Toyota. These collaborations demonstrate AWS's growing influence across various sectors and its ability to attract and retain major enterprise customers. Additional Reading |  |
Strategic Expansion & Efficiency
Amazon continues to optimize its fulfillment and delivery network, making it faster and more efficient while reducing costs to fulfill orders. The company's becoming a primary destination for U.S. consumers shifting to online shopping, with strong performance during events like Prime Big Deal Days helping boost revenues across both retail and advertising businesses. Their expansion plans are ambitious, with initiatives like Amazon Pharmacy Same-Day Delivery set to reach nearly half the U.S. by 2025. These moves show Amazon's commitment to enhancing customer convenience while finding new growth opportunities in promising sectors. To support this growth, Amazon is making significant investments in its infrastructure, with plans for substantial expansion of its fulfillment capabilities. Additional Reading |  |
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Major Market News
Source: DALL-E
Thursday, November 7th - FOMC Interest Rate Decision & Powell Press Conference
What: The Federal Reserve's Federal Open Market Committee (FOMC) will announce its latest interest rate decision, followed by Fed Chair Powell's press conference.
Impact: This is one of the most crucial events as it determines monetary policy and influences everything from mortgage rates to business loans. Markets will be particularly focused on Powell's commentary about future rate decisions and inflation outlook.
Source: Federal Reserve
Thursday, November 7th - Initial Jobless Claims
What: Weekly report showing how many Americans filed for first-time unemployment benefits.
Impact: A key indicator of labor market health. The forecast of 220,000 claims (vs previous 216,000) suggests relatively stable employment conditions, though any significant deviation could signal changing economic conditions.
Source: Department of Labor
Friday, November 8th - Consumer Sentiment (Preliminary)
What: University of Michigan's survey measuring consumer confidence and expectations about the economy.
Impact: Expected to rise slightly to 71.0 from 70.5, this report provides insight into consumer spending patterns, which drive about two-thirds of U.S. economic activity. It also includes consumers' inflation expectations, which the Fed watches closely.
Source: University of Michigan
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A note that Underwriter and this newsletter is not investing or trading advice. These are stocks and information we find interesting. Please consult with a financial professional. By reading, you agree to not take this as financial advice and assume all risk. Futures, stocks, bonds trading of any kind involves a lot of risk. No guarantee of profit is made. In fact, you may lose your entire investment. We guarantee no profit whatsoever, You assume the entire cost and risk of any trading or investing activities you choose to undertake. You are solely responsible for making your own investment decisions. Owners/authors of this newsletter, its representatives, its principals, its moderators and its members, are NOT registered as securities broker-dealers or investment advisors either with the U.S. Securities and Exchange Commission, CFTC or with any other securities/regulatory authority. Consult with a registered investment advisor, broker-dealer, and/or financial advisor. Reading and using this newsletter or any of my publications, you are agreeing to these terms. Any screenshots used here are the courtesy of Underwriter. The data, quotes and information used in this blog is from publicly available sources and could be outdated or outright wrong - I do not guarantee accuracy of this information.