It’s now November, and Amazon (AMZN) has begun its countdown to Black Friday. The e-commerce giant on Monday launched its Black Friday Deals store and electronics holiday gift guide. New this year: Amazon Prime members will receive early access to 30,000 lightning deals. Amazon is trading just a fraction below its all-time high reached on Friday, dipping 0.1% in the stock market today. Shares are extended from a 580.67 buy point, cleared after
With earnings season about halfway through, some big tech stocks are showing double-digit percentage gains for October. IBD Leaderboard stock Amazon.com (AMZN) put in a prime showing, rising 22% for the month. Microsoft (MSFT) hit all-time highs and was up 19% for the month despite slipping 1.3% Friday. Both put in strong quarterly earnings results — Amazon on Oct. 22 and Microsoft on Oct. 27. Amazon’s gross merchandise volume in North America
The effect of Amazon’s (AMZN) transition to a hub model will dog Cavium’s (CAVM) top line well into 2016, one analyst said Thursday after the system-on-a-chip maker issued depressed Q4 guidance late Wednesday. Cavium stock was down 4.1% from Wednesday’s close, trading near 69, in the stock market today. Shares had tumbled 9% in after-hours trading Wednesday following Cavium’s Q3 report. For its fiscal Q3 ended Sept. 30, Cavium reported $105.1