Shares of Exxon Mobil Corporation (NYSE:XOM) continue to consolidate above its major exponential moving averages, after failing to breakout above the critical resistance at 88.59 on Thursday. This key level is proving to be a strong resistance zone since September. A strong trend would not be in place unless the
AMZN – Amazon.com Inc is an e-commerce company, engaged in the sales of variety of products and services online.
AMZN – Amazon.com Inc
|Fundamentals||Previously closed at||602.00|
|Analyst opinion||Amazon reported its Q1 earnings yesterday after market close, and it crushed all estimates to announce an EPS of $1.07 and a revenue of $29.1Billion, up 28% from last year. Revenue from AWS, its cloud storage services is up 64% and it accounted for 56% of the company’s profits this quarter. In the global market Tablet sales is down, but Amazon managed to ship 2.2 million tablets in Q1, which is more than 5400% rise! Analysts. Credit Suisse raised its price target for Amazon to $880.|
|Sentiments||Due to Amazon’s amazing revenue reports, the shares were up 9% pre-market.|
|Social Media Pulse||The stock has 22% lower social chatter than usual.|