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07.11 - 08:31
Amazon falls ahead of next week’s earnings results. How to play the stock now
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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.
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