Today we are watching…
1. Amazon (#amzn)
It’s the big one! The richest man in the world puts one of the biggest companies in the world for an earnings release that will govern market movements today. Investors are ready and waiting for a positive surprise, the e-commerce giant is a worthy adversary in any industry these days. However, it’s the perks of Prime Day where hopes are pinned, despite the threat of increased delivery costs from the event. Today, profitability will be tested again, as analysts challenge Amazon to hit $5.70 of profit per share on revenues of a whopping $62 billion. Here we go!
2. Alphabet (#googl)
It truly is a land of the giants today on Wall Street as Alphabet, the corporate face behind Google, queues up behind Amazon to report its numbers. Investors in Alphabet share concerns with other tech companies about a breakup, but for now, all they care about is a breakout! The “growth stock” hasn’t gotten up to speed in 2019 compared to its peers, but a seismic shift in American markets could still be on the cards if Alphabet beats earnings today of $11.49 on $30.9 billion in revenues.