{
}
Jim Cramer, host of CNBC's "Mad Money," has spotlighted JPMorgan Chase and Coca-Cola as resilient investment choices amid market volatility. JPMorgan reported a record $58.5 billion profit, with its stock deemed "way too cheap," while Coca-Cola's strong fourth-quarter performance and strategic partnerships bolster its stability. Amazon, despite recent stock fluctuations, remains a key player with significant investments in AI, reflecting its growth potential.
Amazon is poised to report its Q4 2024 earnings on February 7, 2025, with expectations of $187.3 billion in revenue and $1.48 EPS. The company has seen significant growth in its cloud and advertising sectors, with AWS revenues up 19% YoY to $27.5 billion and advertising revenues also increasing by 19% to $14.3 billion. Investors will be keen to hear guidance on future earnings and capital expenditures, particularly in light of Amazon's substantial investments in AI infrastructure.
Stocks turned lower in late-morning trading, with the S&P 500 and Nasdaq Composite down 0.1% and 0.2%, respectively, while the Dow Jones Industrial Average remained flat. Broadcom's strong earnings initially boosted chip stocks, but major tech companies like Apple and Microsoft saw losses. As the market anticipates a Federal Reserve rate cut next week, the yield on 10-year Treasurys rose to 4.38%.
ServiceTitan Inc. saw its shares surge 42% in its stock market debut, raising approximately $625 million through its IPO, which valued the company at $6.3 billion. The Glendale-based software maker, catering to trade businesses, sold 8.8 million shares at $71 each, exceeding its initial price target. With a revenue increase of 24% year-over-year, ServiceTitan aims to leverage IPO proceeds for strategic initiatives, including stock buybacks and further acquisitions.
Amazon is partnering with Intuit to integrate QuickBooks software into its Seller Central platform by mid-2025, providing third-party sellers with essential accounting tools and access to loans through QuickBooks Capital. This collaboration aims to enhance financial management for sellers, particularly smaller businesses, as they prepare for the holiday season. The integration will offer real-time insights into profitability, cash flow, and tax estimates, supporting sellers in scaling their operations efficiently.
Investors are reassured by the strong quarterly results of major tech companies, despite concerns over their large investments in generative AI. Amazon's AI revenue for AWS is reportedly growing at triple-digit rates, significantly outpacing its early growth in cloud computing.
Amazon shares surged 6% after reporting better-than-expected earnings, driven by growth in cloud computing and advertising. Revenue rose 11% to $158.9 billion, with earnings of $1.43 surpassing estimates. The company plans to invest $75 billion in capital expenditures for 2024, primarily to enhance technology infrastructure and capitalize on generative AI opportunities.
Amazon CEO Andy Jassy reassured investors about the company's significant investments in generative AI, which drove an 81% increase in capital expenditures to $22.6 billion in the last quarter. He emphasized the potential for high returns, citing the rapid growth of AWS and the expected $75 billion capex in 2024, fueled by demand for AI infrastructure. Jassy noted that generative AI has already become a multi-billion-dollar revenue stream within AWS, growing at a rate three times faster than AWS's initial growth.
Amazon is set to report its Q3 earnings, with analysts expecting earnings of $1.14 per share and revenue of $157.2 billion. Despite a projected 10% revenue growth, the company faces challenges due to external distractions affecting consumer attention. CEO Andy Jassy's cost-cutting measures have led to significant earnings growth, with operating income expected to rise over 31% year-over-year. Investors are also keen to hear updates on the ambitious Project Kuiper satellite internet initiative.
Amazon is shutting down its same-day delivery service, Amazon Today, which allowed retailers to deliver from brick-and-mortar locations. The program will wind down by December 2, 2023, with select partners continuing until January 24, 2025. This decision is part of broader cost-cutting measures, resulting in layoffs for some of the 300 employees involved.
Andy Jassy
People
The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
Jim Cramer Highlights JPMorgan and Coca-Cola as Strong Investment Choices
United States Dollar
Amazon.com, Inc.
Coca-Cola FEMSA, S.A.B. de C.V.
JPMorgan Chase & Co.
USA
Andy Jassy
Jim Cramer
Show more
15:30 30.03.2025
amazon poised for strong q4 2024 earnings driven by cloud and advertising growth
United States Dollar
Tesla, Inc.
Apple Inc.
Amazon.com, Inc.
Metagenomi, Inc.
Microsoft Corporation
Alphabet Inc.
NVIDIA Corporation
USA
Andy Jassy
Show more
05:47 23.01.2025
stocks decline as s and p 500 set to end winning streak
United States Dollar
Microsoft Corporation
Amazon.com, Inc.
Arm Holdings plc
Meta Platforms, Inc.
Apple Inc.
NVIDIA Corporation
Tesla, Inc.
Marvell Technology, Inc.
Micron Technology, Inc.
Alphabet Inc.
Broadcom Inc.
USA
Mark Zuckerberg
Satya Nadella
Jensen Huang
Sundar Pichai
Simon Segars
Sanjay Mehrotra
Tim Cook
Hock E. Tan
Andy Jassy
Elon Musk
Show more
14:22 13.12.2024
ServiceTitan shares surge over 40 percent in successful market debut
United States Dollar
Rubrik, Inc.
ServiceTitan, Inc. Class A Common Stock
USA
Michael S. Dell
Gary Specter
John Furrier
Patrick P. Gelsinger
Andy Jassy
Show more
21:10 12.12.2024
amazon partners with intuit to enhance financial tools for sellers
United States Dollar
Intuit Inc.
Amazon.com, Inc.
USA
Sasan K. Goodarzi
Andy Jassy
Dharmesh Mehta
Show more
22:01 09.12.2024
big tech sees rapid growth in ai cloud services amid investor concerns
22:16 04.11.2024
amazon shares rise 6 percent after strong earnings report and growth
United States Dollar
NVIDIA Corporation
Amazon.com, Inc.
Aqua Metals, Inc.
Snap Inc.
Google Inc.
Microsoft Corporation
USA
Brian Olsavsky
Andy Jassy
Ari Levy
Show more
17:05 01.11.2024
amazon ceo assures investors on ai investments amid rising capital expenditures
United States Dollar
Microsoft Corporation
Alphabet Inc.
Amazon.com, Inc.
Meta Platforms, Inc.
USA
Mark Zuckerberg
Andy Jassy
Jim Cramer
Anat Ashkenazi
Show more
01:05 01.11.2024
amazon prepares to report q3 earnings amid cautious market outlook
United States Dollar
Amazon.com, Inc.
Aqua Metals, Inc.
Apple Inc.
United Launch Alliance LLC
Microsoft Corporation
FRA
USA
Jeff Bezos
Andy Jassy
Brian Olsavsky
Jason Helfstein
Brad Erickson
Show more
17:00 31.10.2024
amazon to discontinue same day delivery service amazon today by december
United States Dollar
Office Depot Inc.
Amazon.com, Inc.
PETCO Animal Supplies Inc.
Genocea Biosciences, Inc.
Staples
USA
Ricardo Escalona
DoorDash
Jeff Bezos
Andy Jassy
Kate Hudson
Show more
21:45 22.10.2024
Trending
Subcategory
Corporate News
Stock Market Updates
Industry Trends
Industry Mergers & Acquisitions
Finance Mergers & Acquisitions
Banking Regulations
Global Financial Events
Global Trade Developments
Retail and Consumer Goods
Domestic Politics
CEO Changes
Central Bank Actions
Startups & Entrepreneurship
Market Analysis and Predictions
Workplace Trends
Government Policies
Elections & Campaigns
Government Economic Policies
Inflation and Monetary Impact
Supply Chain Management
Countries:
Companies:
Tesla, Inc.
JPMorgan Chase & Co.
Barclays PLC
Deutsche Bank Money Market PP
Apple Inc.
UniCredit S.p.A.
Banco BPM S.p.A.
Credit Suisse Strategic Income I
Lloyds Banking Group plc
BNP Paribas SA
UBS Group AG
The Goldman Sachs Group, Inc.
CREDIT AGRICOLE
Banco Santander, S.A.
Amazon.com, Inc.
SpaceXCoin USD
Credit Agricole
Berkshire Hathaway Inc.
Reinsurance Group of America, Incorporated
Google Inc.
Currencies:
United States Dollar
Euro
Swiss Franc
British Pound Sterling
Chinese Yuan
Indian Rupee
Japanese Yen
South Korean Won
Canadian Dollar
Australian Dollar
Offshore Chinese Yuan
Hong Kong Dollar
Singapore Dollar
Mexican Peso
Vietnamese Đồng
Norwegian Krone
Filipino Peso
Indonesian Rupiah
New Zealand Dollar
Thai Baht
People: