Markets today: S&P 500 is back to 5,200 as traders ride momentum [BNN Bloomberg (Canada)]
Amazon.com, Inc. (AMZN)
Last amazon.com, inc. earnings: 4/30 04:01 pm
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Source: BNN Bloomberg
Equities rose as higher-than-estimated jobless claims reinforced bets on U.S. policy easing — with the market extending gains after a US$25 billion sale of 30-year bonds saw good demand. The S&P 500 topped 5,200, though trading volume was well below the average of the past 30 days. The advance in stocks has also been attributed to Commodity Trading Advisors — who surf momentum — being modeled to buy shares this week. “Our sense is that the rebound has been unloved, largely because economic surprises have turned modestly negative, and we believe this is likely to lead to additional near-term upside,” said Chris Senyek at Wolfe Research. “Looking out to year end, we expect to remain constructive on the outlook.” To Doug Ramsey at Leuthold, another 10 per cent gain in the S&P 500 isn't out of the question, at least statistically. He analyzed 80 years of data on bull-market rallies, focusing on those that happened when unemployment was this low and the economic cycle this mature. If
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AMZN
Earnings
- 4/30/24 - Beat
AMZN
Sec Filings
- 5/17/24 - Form 4
- 5/17/24 - Form 4
- 5/17/24 - Form 4
- AMZN's page on the SEC website