Diamonds and Dogs
7/24/15
Amazon.com Inc. (AMZN)
Amazon Inc. is absolutely on fire today, up $48.32 to $530.50. The online retailer saw its shares rally over $100 intraday today after beating on earnings estimates. For the second quarter, management announced that net sales rose 20% to $23.18 billion beating analysts' estimates of $22.39 billion. Furthermore, Amazon posted an EPS of $0.19, far surpassing Wall Street's forecast for a loss of $0.14 per share. The big move today, made Amazon larger than Walmart by market cap. Shares of the company reached a new 52-week high of $580.57 intraday.
Capital One Financial Corporation (COF)
Capital One is taking a hit today, down 13.12% to $78.86. The financial company saw its shares fall after reports earnings well below expectations. For the quarter, Capital One announced an EPS of $1.78 missing analysts' consensus of $1.97 per share. Furthermore, the company's loan book is showing signs of credit problems through delinquency and performance trends. The poor earnings forced shares down nearly $12.00, however shares were able to hold up above their 52-week low of $72.77.
Diamonds and Dogs market commentary is a journal of daily observations on anything that happens to be of interest to our author. Obviously, our primary focus is the stock market and world economic events, but for this page we have no defined topics. We want this page to be dedicated to the interests, concerns, and possibly to the financial gain of our clients and friends. All comments contained herein are for informational purposes only, and should not be considered as a solicitation to buy or sell any security. The firm does not guarantee the accuracy or completeness of the information or make any warranties regarding results from it's usage.