Geopolitics Alpha

Amazon’s stock drops — even in the face of a bold new cloud forecast

Published . Updated .

GEOPOLITICS ALPHAAmazon’s stock drops — even in theface of a bold new cloud forecastAMZNGEOPOLITICS ALPHA

Modest AWS results and weak advertising growth left Wall Street disappointed in Amazon’s third-quarter earnings

Directly affected

  • AMZN Amazon Com+1.4% 30d

    Named in this report.

Indirectly affected

  • IGV iShares Expanded Tech-Software ETF+5.6% 9d

    iShares Expanded Tech-Software ETF: it holds software companies. Linked by “cloud” (software) in this story.

  • MSFT Microsoft+6.8% 30d

    Microsoft (prepackaged software): software firms move with business tech spending. Linked by “cloud” (software) in this story.

  • ORCL Oracle-4.2% 30d

    Oracle (prepackaged software): software firms move with business tech spending. Linked by “cloud” (software) in this story.

  • CRM Salesforce-0.2% 30d

    Salesforce (prepackaged software): software firms move with business tech spending. Linked by “cloud” (software) in this story.

  • GOOGL Alphabet-6.3% 30d

    Alphabet (computer programming, data processing, etc.): software firms move with business tech spending. Linked by “cloud” (software) in this story.

Price reaction, T-5 to T+3

TickerT-5T-3T-1T0T+1T+2T+3
AMZNNo price data for this ticker———————
IGVNo price data for this ticker———————
MSFTNo price data for this ticker———————
ORCLNo price data for this ticker———————
CRMNo price data for this ticker———————
GOOGLNo price data for this ticker———————

Closing-price change versus T-1, the last close before the story. T0 to T+3 fill in after each market close. Prices: Alpaca IEX.

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Modest AWS results and weak advertising growth left Wall Street disappointed in Amazon’s third-quarter earnings

Source: MarketWatch

Trades by members of Congress and officials in the stocks in this story

Public disclosure filings, not a recommendation. The filing link is the source document. News use of these reports still sits under 5 U.S.C. § 13107(c).

This story

12 out of 100

“Amazon’s stock drops — even in the face of a bold new cloud forecast” scores 12 out of 100. The score uses 1 sources.