Nasdaq AMZN Amazon

Amazon.com AMZN reported third-quarter 2022 earnings of 28 cents per share, declining 9.7% year over year.AMZN’s net income, totaling $2.9 billion, is inclusive of a pretax valuation gain of $1.1 billion in the non-operating income associated with its investment in Rivian

A bounce in U.S. stocks that has defied a barrage of major earnings disappointments faces a key test in the coming week, when the Federal Reserve's next meeting could shed light on how long it will stick to the aggressive monetary policies that have crippled asset prices in 2022.

What happened Shares of video platform Rumble (NASDAQ: RUM) are up a whopping 63% this week, as of 2:10 p.m. ET on Friday, according to data provided by S&P Global Market Intelligence. For comparison, the S&P 500 is only up 3.6% over this time. Helping boost its full-week

A robust, broad-based rally sent Wall Street stocks surging on Friday, as encouraging economic data and a rosier earnings outlook buoyed investor risk appetite ahead of next week's much-anticipated two-day policy meeting of the Federal Reserve.

Wall Street indexes jumped on Friday, buoyed by upbeat results from Apple, with investors hoping that some signs of economic weakness would lead to the U.S. Federal Reserve slowing down the pace of its interest rate hikes soon.

Consumer stocks were broadly mixed in Friday trading, with the SPDR Consumer Staples Select Sector ETF (XLP) climbing 2.1% and the SPDR Consumer Discretionary Select Sector ETF (XLY) sinking 0.8%.

An Italian court has suspended a decision on a request by e-commerce giant Amazon to annul a record 1.13 billion euro ($1.12 billion) fine imposed by Italy's antitrust watchdog for alleged abuse of market dominance, a court ruling showed on Friday.

This is turning out to be one of the worst quarters for technology companies in a long time. Most are missing estimates on multiple fronts, or managing to beat lowered expectations. One area that deserves special focus just because it has been so strong of late is the clo

Fox FOXA is set to report first-quarter fiscal 2023 results on Nov 1.For the quarter, the Zacks Consensus Estimate for earnings is pegged at $1.16 per share, down 3.3% in the past 30 days. The figure indicates 4.5% growth from the year-ago reported figure.The consensus ma

Amazon.com Inc's shares fell about 8% on Friday after forecasting holiday-quarter sales below Wall Street estimates, while its Big Tech peers recovered from a bruising selloff this week.

What happened Amazon (NASDAQ: AMZN) stock was taking a dive this morning after the e-commerce giant posted third-quarter results that were mostly in line with expectations, but offered guidance for the fourth quarter that was much weaker than expected.

For years, the stories of electric vehicle (EV) manufacturer Tesla (NASDAQ:TSLA), social media and metaverse business Meta Platforms (NASDAQ:META), and e-commerce giant Amazon (NASDAQ:AMZN) were tales of unencumbered growth. Yet, as they say on Wall Street, trees don't just grow straight to the heavens. Sooner or later, even the biggest companies must encounter setbacks - and when they're gigantic corporations, the losses can be absolutely staggering.

In other words: The bigger they are, the harder they fall. Granted, we might not feel too sorry for multi-billionaires like Tesla CEO Elon Musk, Meta Platforms CEO Mark Zuckerberg, and Amazon Executive Chairman Jeff Bezos when they sustain financial losses. After all, they still have massive hoards of money and property; they'll be just fine, no doubt, even after losing billions of dollars.

Meta Platforms Gets Kicked Out of the Trillion-Dollar Club

A while back, you might have read news reports about the "trillion-dollar club," which companies could join if their market caps reached a trillion dollars. It's mind-blowing to think that this club even exists, but high dollar inflation and corporate growth mean that a trillion-dollar valuation is within reach in the 2020s.

However, getting into the trillion-dollar club is one thing; staying in the club is another matter entirely. Reportedly, the tech-stock rout was so bad that Meta Platforms (a.k.a. Facebook) - which was among the five most valuable businesses in the U.S. and had a trillion-dollar market cap last year - is now worth around $270 billion.

That's a stunning $730 billion loss in just a year's time, and META stock is currently trading at its lowest price since early 2016. Is it possible that Zuckerberg's big bet on the metaverse isn't working out as planned?

Amazon and Tesla Lose Billions, Too

Zuckerberg isn't the only tech mogul to see billions wiped out. Bezos' net worth plunged from its $214 billion peak in July 2021 to around $111 billion. This represents a mind-numbing $103 billion capital loss.

Meanwhile, Musk lost over $100 billion during the past 12 months - but again, no one's throwing any pity parties as Musk is still the world's richest person. Thus, between Zuckerberg, Bezos, and Musk, we can account for a net-worth loss totaling $941 billion.

These losses have also been reflected in the share prices of TSLA, AMZN, and META stock. So, before you send flowers and a get-well card to these billionaire owners, be sure to check your investment portfolio, as you might be in dire financial straits yourself.

What Do Analysts Think about META, AMZN, and TSLA Stocks?

Turning to Wall Street, analysts still have positive views on META, AMZN, and TSLA stocks. As per the picture below, you can see that Amazon has a Strong Buy consensus rating, whereas the other two have a Moderate Buy rating. Their price targets are as follows:

• META - $146.48 (45.84% upside)
• AMZN - $165.45 (67.12% upside)
• TSLA - $292.89 (33.3% upside)

Disclosure

Amazon (NASDAQ: AMZN) reported earnings after the market closed on Thursday, and shares have taken a beating since the results came out. Most investors have focused on growth rates and margins, but the balance sheet is telling us a lot as well. In the video below, Travis Hoium hi

In early trading on Friday, shares of DexCom topped the list of the day's best performing components of the Nasdaq 100 index, trading up 14.7%. Year to date, DexCom has lost about 13.5% of its value.

Wall Street's main indexes rose on Friday as a jump in shares of Apple on upbeat results provided enough of a boost to outweigh a dour warning from Amazon.com.

Grupo Televisa, Mexico's largest broadcaster, expects its ViX streaming service to be profitable by the end of 2023, Chief Executive Alfonso de Angoitia said Friday.

The Nasdaq opened lower on Friday as gloomy forecasts from megacaps Amazon and Apple outweighed data that showed U.S. consumer spending increased more than expected in September.

The S&P 500 and the Nasdaq were set to open lower on Friday as gloomy forecasts from megacaps Amazon and Apple outweighed data that showed U.S. consumer spending increased more than expected in September.

Consumer stocks were mixed pre-bell Friday. The Consumer Staples Select Sector SPDR Fund (XLP) was 0.1% lower and the Consumer Discretionary Select Sector SPDR Fund (XLY) was unchanged.

In this video, I will be going over Amazon's (NASDAQ: AMZN) third-quarter earnings report and explain why the stock crashed around 15% and why this is still one of the best investments one can make for the long term.