Morning Notes- Amazon falls on earnings miss!

Hello Everyone,

Amazon is helping to contribute to lower futures prices this morning after posting disappointing results in it's latest quarter. Amazon is down over 10% this morning in pre-market trading after sales projections for the holiday quarter was not what Wall Street expected. The company reported an overall net income loss of $437 million or 95 cents a share for the quarter. Analysts expected a loss of only 76 cents. Stock is currently trading at $282.50. down from the $313.18 close yesterday.

VIX  13%   BELOW 10 ma        RSI  35.65     NEUTRAL

MARKET Trend:   NEUTRAL MODE

Put/Call ratio .61         Above 1.20 Bullish, Below .40 bearish.


Earnings out today: F,PG,CL,BMY

U.S. new home sales due out today.

Dow Futures:   -8   points       Oil  81.02     -1.07

Have a great trading day.

Posted to Stock & Option Scout on Oct 24, 2014 — 8:10 AM

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