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Markets today: Stock bulls look to earnings with U.S. Fed in a corner [BNN Bloomberg (Canada)]
Last amazon.com, inc. earnings: 4/30 04:01 pm
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After pulling back for the most part in April, equities staged a rebound toward the end of the month. Early results from the reporting season suggest that over 80 per cent of US companies are beating expectations. First-quarter earnings are now on track to increase by 4.7 per cent from a year ago, compared with the pre-season estimate of 3.8 per cent, according to data compiled by Bloomberg Intelligence. Following strong results from its “Magnificent Seven” counterparts, Amazon.com Inc. may join the pack this week with a jump in sales. Apple Inc. had a tougher time, with revenue and profit expected to be lower as iPhone sales slid. Chipmakers Advanced Micro Devices Inc. and Qualcomm Inc. probably eked out revenue growth. “Last week, Big Tech enthusiasm outweighed concerns about sticky inflation,” said Chris Larkin at E*Trade from Morgan Stanley. “This week, we'll find out if Amazon and Apple can keep that momentum going, but traders will also be taking the temperature of the late
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