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Q3 2024: Tech Giants and Financial Titans Unveil Their Results

Eli GrantFriday, Nov 15, 2024 1:43 am ET

3min read

AMZN -- GMUB -- INTC --

The third quarter of 2024 has brought forth a mix of strong performances and challenges for some of the world's leading tech and financial companies. Amazon, Intel, and Goldman Sachs have all released their Q3 earnings, providing valuable insights into their respective businesses and market trends.

Amazon's Q3 2024 Results: A Tale of Growth and Innovation
Amazon.com, Inc. (NASDAQ: AMZN) reported a robust 11% increase in net sales to $158.9 billion in the third quarter, driven by a 19% rise in AWS segment sales to $27.5 billion. Operating income surged to $17.4 billion, with AWS contributing 60% of the total. The company's expansion of Prime fuel savings offers and AI-powered features signals a focus on customer engagement and technological innovation.

Intel's Q3 2024 Results: Navigating Challenges and Cost Reductions
Intel Corporation (NASDAQ: INTC) faced a 6% decrease in revenue to $13.3 billion in Q3 2024, with a GAAP EPS of $(3.88). The company made significant progress on its $10 billion cost reduction plan, with restructuring charges of $2.8 billion. Despite these challenges, CEO Pat Gelsinger expressed confidence in the company's progress and its plan to deliver $10 billion in cost reductions by 2025.

INTC Basic EPS, Basic EPS YoY

Goldman Sachs' Q3 2024 Results: Strength in an Improving Environment
The Goldman Sachs Group, Inc. (NYSE: GS) reported net revenues of $12.70 billion and net earnings of $2.99 billion in Q3 2024, with a diluted EPS of $8.40 and an annualized ROE of 10.4%. The firm's performance demonstrates its strength in an improving operating environment, driven by exceptional talent and execution capabilities. Despite selected items related to the execution of its narrowed strategic focus and the FDIC special assessment fee, the firm's results reflect its ability to effectively serve clients and deliver for shareholders.

In conclusion, the Q3 2024 results from Amazon, Intel, and Goldman Sachs provide a mix of growth, challenges, and strategic focus. Amazon's strong performance in AWS and focus on innovation, Intel's cost reduction plan, and Goldman Sachs' strength in an improving environment offer valuable insights into the tech and financial sectors. As investors continue to monitor market trends and company performances, a balanced and analytical approach will remain crucial in navigating the ever-evolving investment landscape.

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makeammends

11/15

Sure, AMD has been a disappointment since day one. Every time I try to get in, it goes down like Intel and PayPal. My luck with duds is on par with Warren Buffett's skill at picking winners.

greyenlightenment

$INTC is selling its APSS business unit.

rltrdc

$AMZN is within the upper channel. Don't forget to hold, as a return is imminent.

Running4eva

On November 14, 2024, after analyzing 27 years of $AMZN's Drawdown Data and its Relative Strength Index (RSI 14), we calculated the probability of future price movements based on historical price action. Key Data for November 14, 2024: Price: $211.48 (DOWN -1.22%) RSI14: 68.83 Drawdown from ATH: -2.05% All Time % Change (adjusted for all stock splits): 215,916.34 $AMZN Next Day Probability: Over the past 27 years, we've identified 484 instances where similar price action, drawdown, and RSI 14 levels occurred. This allows us to calculate the probability of where $AMZN will be the next day. 231 out of 484 times (47.73%), $AMZN closed LOWER, with an average loss of -1.38%. 253 out of 484 times (52.27%), $AMZN closed HIGHER, with an average gain of 1.71%. $AMZN 7-Day (5 Trading Day) Probability: In the past 27 years, we've identified 483 instances with similar price action, drawdown, and RSI 14 levels. This helps us forecast where the stock will be 7 days (5 trading days) later. 234 out of 483 times (48.45%), $AMZN closed LOWER, with an average loss of -3.10%. 249 out of 483 times (51.55%), $AMZN closed HIGHER, with an average gain of 3.75%. $AMZN 30-Day (20 Trading Day) Probability: From the past 27 years, we've found 481 instances with comparable price action, drawdown, and RSI 14 levels. This information helps predict where the stock will be 30 days (20 trading days) later. 194 out of 481 times (40.33%), $AMZN closed LOWER, with an average loss of -6.29%. 287 out of 481 times (59.67%), $AMZN closed HIGHER, with an average gain of 7.15%. $AMZN 1-Year (252 Trading Day) Probability: Over the past 27 years, we've identified 464 instances with similar price action, drawdown, and RSI 14 levels. This allows us to anticipate where the stock will be after 1 year (252 trading days). 65 out of 464 times (14.01%), $AMZN closed LOWER, with an average loss of -15.07%. 399 out of 464 times (85.99%), $AMZN closed HIGHER, with an average gain of 57.40%. For a more detailed analysis, visit: https://www.stockgptchat.com/stock-analysis/amzn-stock-forecast-historical-data-driven-price-movement-probabilities-and-analysis/

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