Amazon Shares Plummet After Q3 Sales Fall Short

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1. Amazon Shares Plummet After Q3 Sales Fall Short
Amazon shares dropped in after-hours trading on Friday after the retail giant’s third-quarter sales fell short of consensus Wall Street estimates. It is important to note that is facing growing competition on all fronts led by Walmart. The retail conglomerate reported disappointing third-quarter sales, sending its shares lower in after-hours trading and causing AMZN to finish the week 7.82% lower at $1,642.81.*

2. The Dow drops 300 points
Wall Street wiped out its 2018 gains for a second time on Friday, after US stocks tumbled in a volatile day of trading as a technology rout rattled the markets. Specifically, the Dow Jones Industrial Average (US30) pared losses to close down about 300 points, or 1.2%. The Nasdaq Composite (NAS100) shed more than 2%, and the S&P 500 (SPX500) ended down 1.7%. High-flying technology companies took the biggest hits after posting disappointing earnings. Amazon’s (AMZN) revenue fell short of expectations and its fourth-quarter guidance disappointed, Google parent company Alphabet (GOOGL) missed on revenue while Snap (SNAP) hit an all-time low after the company said it lost 2 million daily users.**

3. All Eyes On GBP Pairs Ahead Of UK Budget And Earnings
EU investors will have a data packed day with U.K.’s finance chief, Philip Hammond presenting the nation’s new budget plans on Monday and new mortgage lending figures being released in the U.K. at 9.30a.m. London time. GBP pairs are in for a volatile session today. Meanwhile, EUR pairs could also see some volatility as the markets focus on German local elections that continue to add pressure on Chancellor Angela Merkel. Her junior party has given Merkel’s party one year to deliver policy results, threatening to end their support otherwise. In stock related news, EU markets are also poised for a slightly higher open on Monday as investors track a number of political events and wait for a number of earnings reports.***

You can find and trade all of the above mentioned equities and commodities on BDSwiss Forex/CFD platforms.

*Source: Forbes Oct 28, 2018 04:59 pm
**Source: Business Insider Oct 29, 2018 15:53 ET
***Source: Market Watch Oct 29, 2018 03:07 AM ET

Upcoming Earnings Reports This Week:

  • 29/10/2018 – HSBC Holdings PLC (#HSBC) to report pre-market
  • 30/10/2018 – BNP Paribas (#BNPQF) to report pre-market
  • 30/10/2018 – eBay Inc. (#EBAY) to report pre-market
  • 30/10/2018 – Electronic Arts Inc.(#EA) to report pre-market
  • 30/10/2018 – The Coca-Cola Company.(#KO) to report pre-market
  • 30/10/2018 – MGM Resorts International.(#MGM) to report pre-market
  • 30/10/2018 – Pfizer Inc.(#PFE) to report pre-market
  • 30/10/2018 – Volkswagen AG ADR (#VWAGY) to report pre-market
  • 30/10/2018 – BP p.l.c.(#BP) to report pre-market
  • 30/10/2018 – Facebook.(#FB) to report pre-market
  • 30/10/2018 – Fresenius Medical Care AG & Co. KGAA.(#FMS) to report pre-market
  • 30/10/2018 – General Electric (#GE) to report pre-market
  • 31/10/2018 – Air France-KLM (#AFRAF) to report pre-market
  • 31/10/2018 – General Motors Company (#GM) to report pre-market
  • 31/10/2018 – Yahoo Japan Corp.(#YAHOF) to report pre-market
  • 31/10/2018 – Apple Inc.(#AAPL) to report pre-market
  • 1/11/2018 – Avon Products, Inc.(#AVP) to report pre-market
  • 1/11/2018 – BT Group plc(#BT) to report pre-market
  • 1/11/2018 – Starbucks Corporation (#SBUX) to report pre-market
  • 1/11/2018 – Credit Suisse Group AG (#CS) to report pre-market
  • 1/11/2018 – DowDuPont Inc. (#DWDP) to report pre-market
  • 1/11/2018 – Royal Dutch Shell plc (#RDS.A) to report pre-market
  • 2/11/2018 – Alibaba Group Holding Limited (#BABA) to report pre-market
  • 2/11/2018 – Chevron Corporation (#CVX) to report pre-market
  • 2/11/2018 – Exxon Mobil Corporation (#XOM) to report pre-market
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