Tech is the first to see the recession and seems to be the least capable of handling it. They have had it so good for so long they don't know what the rest of corporate America has been dealing with for years.
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The "Trillion Dollar Market Cap" club is down to just three members with Amazon $AMZN down to ~$940 billion after hours. https://t.co/CUdqzQ4vsM
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Amazon Q3 revenues increased 15% over the prior year, a bump up from the last 3 quarters of sub-10% growth. But the stock is down 20% in after hours trading on weak Q4 guidance of 2-8% YoY sales growth (anything below 7% would be the lowest in the company's history). $AMZN https://t.co/zaJ5T3POC4
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The out of tech into Dow process, as Larry Williams predicted, continues apace.
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One-day price moves in reaction to earnings reports for the mega-caps this month: $TSLA: -8.6% $MSFT: -7.7% $GOOGL: -9.1% $META: -24.6% $AAPL: -1.0% (after hours) $AMZN: -13.8% (after hours) https://t.co/H4p1RcpfIn
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$aapl will probably frustrate call and put buyers tomorrow
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Amazon’s shares worsened as the stock plummeted more than 16% in after-hours trading. $AMZN reported profit of $2.87 billion, or 28 cents a share, down from 31 cents a share in the year-ago quarter after adjusting for Amazon’s 20-to-1 stock split. https://t.co/2Lji3uLp3U https://t.co/gmB3yKgzl7
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Amazon $AMZN is down 9% since yesterday's open heading into its report tonight. Has basically already experienced an earnings miss type of move before its report due to weakness in other mega-caps.
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$AMZN -20% on Earnings REVS miss and weak Q4 Revenue guidance
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I would love to setup a trader tournament somehow! $100 Entry Fee. Paper Trade Tournament so everyone can enter. Winner takes $5,000 Top Prize! Who would be in?
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These are the Russell 1,000 stocks that are up 50%+ from 52-week lows (52-week low had to come after 52-week high). We also show how much they still need to gain to get back to 52-week highs. https://t.co/E1R1YV75um
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