Diamonds and Dogs
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.