Amazon Headlines with a Surge: Trading Volume Soars Amidst Revenue Boost!
AInvestFriday, Nov 1, 2024 6:31 pm ET
2min read
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1. Nvidia (Nasdaq: NVDA)
Nvidia gained mildly by 1.97%, with the trading volume of 26.55B. NVIDIA and Sherwin-Williams will join the Dow Jones Industrial Average, replacing Intel and Dow Inc. on November 8, aiming to enhance sector representation for semiconductors and materials.

2. Amazon (Nasdaq: AMZN)
Amazon.Com surged by 6.19%, with the trading volume of 19.59B. Jeff Bezos files to sell 16.4 million Amazon shares; Amazon's Q3 2024 revenue increased by 11.2% to $450.17 billion, driven by strong cloud and advertising growth, surpassing earnings expectations; several firms raise Amazon's price targets, maintaining positive ratings.

3. Apple (Nasdaq: AAPL)
Apple dipped mildly by -1.33%, with the trading volume of 14.15B. Apple achieved significant revenue with new iPhone but faces uncertainties for Christmas sales. Analysts give mixed reviews on Apple's fourth-quarter results, with highlights including $391 billion revenue and $937 billion net profit. Various ratings and price targets from firms differ, reflecting diverse market outlooks.

4. Tesla (Nasdaq: TSLA)
Tesla dipped mildly by -0.35%, with the trading volume of 14.03B. Tesla sold nearly $500 million in ABS bonds backed by solar equipment loans. Deutsche Bank managed the underwriting of its five corporate bonds, all rated as investment grade by Fitch, indicating strong customer credit ratings.

5. Microsoft (Nasdaq: MSFT)
Microsoft gained mildly by 0.99%, with the trading volume of 9.83B. Microsoft reported Q1 2025 revenue of $65.59 billion, a 16.04% increase, with net profit of $24.67 billion. UBS rates Microsoft as "Buy" with a $500 target, while JP Morgan keeps "Overweight" with a $465 target. AI spending continues despite investor concerns.

6. Meta Platforms (Nasdaq: META)
Meta Platforms dipped mildly by -0.07%, with the trading volume of 8.68B. Meta's Q3 2024 revenue reached $116.16 billion, marking a 22.5% increase, with net profit rising. Analysts including Wells Fargo, Citigroup, and others maintain positive ratings with varied price targets. AI advancements and product innovation are key growth drivers.

7. Microstrategy Incorporated (Nasdaq: MSTR)
Microstrategy Incorporated plunged by -6.05%, with the trading volume of 6.21B. Microstrategy reported a net loss of $4.96 billion for the first three quarters of fiscal 2024, with revenue totaling $343 million. Canaccord Genuity and Benchmark both maintain a "buy" rating with a target price of $300.

8. Advanced Micro Devices (Nasdaq: AMD)
Advanced Micro Devices dipped mildly by -1.53%, with the trading volume of 5.48B. AMD's 2024 Q3 report showed varied downstream performance and increased data center GPU revenue guidance. Upcoming RDNA 4 GPU will enhance ray tracing and AI performance. AMD chips are used in SpaceX Starlink terminals. Cantor Fitzgerald maintains a buy rating with a $180 target.

9. Alphabet (Nasdaq: GOOGL)
Alphabet gained mildly by 0.10%, with the trading volume of 5.33B. Alphabet Inc. faced a significant fine from a Russian court for not complying with media reinstatement demands on YouTube, with the penalty amount surpassing global GDP figures. Additionally, OpenAI's entrance into the search market intensifies competition with Google.

10. Eli Lilly Andmpany (NYSE: LLY)
Eli Lilly Andmpany dipped mildly by -1.35%, with the trading volume of 3.93B. Eli Lilly's Q3 2024 revenue increased 27.21% year-over-year to $31.51 billion, with net profit at $6.18 billion. Barclays targets $975 and maintains an overweight rating, while B of A Securities targets $1100 with a buy rating. Sales of Zepbound and Mounjaro fell short of expectations.
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