{"id":43937,"date":"2025-08-04T19:45:08","date_gmt":"2025-08-04T19:45:08","guid":{"rendered":"https:\/\/www.newsbeep.com\/uk\/43937\/"},"modified":"2025-08-04T19:45:08","modified_gmt":"2025-08-04T19:45:08","slug":"stocks-surge-as-market-rebounds-from-sell-off-palantir-jumps-ahead-of-earnings-nvidia-amd-lead-chip-sector-gains","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/uk\/43937\/","title":{"rendered":"Stocks Surge as Market Rebounds From Sell-Off; Palantir Jumps Ahead of Earnings, Nvidia, AMD Lead Chip Sector Gains"},"content":{"rendered":"<p>Where Traders Expect Palantir Shares to Go After Earnings<\/p>\n<p>6 minutes ago<\/p>\n<p id=\"mntl-sc-block_11-0\" class=\"comp mntl-sc-block finance-sc-block-html mntl-sc-block-html\"> Traders expect that the best-performing S&amp;P 500 stock of 2025 could make another big move.\n<\/p>\n<p id=\"mntl-sc-block_12-0\" class=\"comp mntl-sc-block finance-sc-block-html mntl-sc-block-html\"> Current\u00a0<a href=\"https:\/\/www.investopedia.com\/terms\/o\/option.asp\" data-component=\"link\" data-source=\"inlineLink\" data-type=\"internalLink\" data-ordinal=\"1\" rel=\"nofollow noopener\" target=\"_blank\">options<\/a>\u00a0pricing suggests traders expect shares of Palantir Technologies (<a href=\"https:\/\/www.investopedia.com\/markets\/quote?tvwidgetsymbol=PLTR\" data-component=\"link\" data-source=\"inlineLink\" data-type=\"internalLink\" data-ordinal=\"2\" rel=\"nofollow noopener\" target=\"_blank\">PLTR<\/a>), which is due to release earnings after the closing bell. could move nearly 11% by Friday&#8217;s close from its recent level around $160. A move of that scale either would lift shares to a record high above $177, or drop them to about $142.\n<\/p>\n<p id=\"mntl-sc-block_13-0\" class=\"comp mntl-sc-block finance-sc-block-html mntl-sc-block-html\"> <a href=\"https:\/\/www.investopedia.com\/why-wall-street-could-be-underestimating-palantir-11769573\" data-component=\"link\" data-source=\"inlineLink\" data-type=\"internalLink\" data-ordinal=\"1\" rel=\"nofollow noopener\" target=\"_blank\">Palantir&#8217;s stock<\/a>\u00a0has registered an average post-earnings move of more than 17% over the past four quarters, rising in three of those instances. May was the exception, when shares slumped 12% the day after earnings as investors may have viewed the company&#8217;s latest results as not living up to prior blowout earnings performances in\u00a0<a href=\"https:\/\/www.investopedia.com\/palantir-earnings-q4-fy-2024-8784966\" data-component=\"link\" data-source=\"inlineLink\" data-type=\"internalLink\" data-ordinal=\"2\" rel=\"nofollow noopener\" target=\"_blank\">February<\/a>\u00a0and\u00a0<a href=\"https:\/\/www.investopedia.com\/palantir-q3-fy-2024-earnings-8738490\" data-component=\"link\" data-source=\"inlineLink\" data-type=\"internalLink\" data-ordinal=\"3\" rel=\"nofollow noopener\" target=\"_blank\">last November<\/a>.\n<\/p>\n<p> Palantir CEO Alex Karp at the Allen &amp; Company conference in Sun Valley, Idaho, last month.<\/p>\n<p>Kevin Dietsch \/ Getty Images<\/p>\n<p id=\"mntl-sc-block_15-0\" class=\"comp mntl-sc-block finance-sc-block-html mntl-sc-block-html\"> Heading into earnings,\u00a0<a href=\"https:\/\/www.investopedia.com\/what-analysts-think-of-palantir-stock-ahead-of-earnings-11783533\" data-component=\"link\" data-source=\"inlineLink\" data-type=\"internalLink\" data-ordinal=\"1\" rel=\"nofollow noopener\" target=\"_blank\">analysts are split<\/a>\u00a0on the AI darling. Just two brokers covering Palantir and tracked by Visible Alpha have &#8220;buy&#8221; ratings for the stock, compared with seven &#8220;hold&#8221; ratings, and three recommending a &#8220;sell.&#8221; Their average price target just above $107 is roughly a third lower than Palantir&#8217;s recent levels.\n<\/p>\n<p id=\"mntl-sc-block_16-0\" class=\"comp mntl-sc-block finance-sc-block-html mntl-sc-block-html\"> Shares of Palantir have more than doubled in price this year, as the company&#8217;s AI software has become a mainstay, particularly within\u00a0<a href=\"https:\/\/www.investopedia.com\/palantir-is-surging-the-stock-leads-nasdaq-gains-this-year-as-federal-work-expands-11745485\" data-component=\"link\" data-source=\"inlineLink\" data-type=\"internalLink\" data-ordinal=\"1\" rel=\"nofollow noopener\" target=\"_blank\">U.S. government<\/a>\u00a0 agencies.\n<\/p>\n<p id=\"mntl-sc-block_17-0\" class=\"comp mntl-sc-block finance-sc-block-html mntl-sc-block-html\"> &#8211;<a href=\"https:\/\/www.investopedia.com\/andrew-kessel-8670381\" data-component=\"link\" data-source=\"inlineLink\" data-type=\"internalLink\" data-ordinal=\"1\" rel=\"nofollow noopener\" target=\"_blank\">Andrew Kessel<\/a>\n<\/p>\n<p>Onsemi Leads S&amp;P 500 Decliners After Earnings<\/p>\n<p>49 minutes ago<\/p>\n<p id=\"mntl-sc-block_18-0\" class=\"comp mntl-sc-block finance-sc-block-html mntl-sc-block-html\"> ON Semiconductor (<a href=\"https:\/\/www.investopedia.com\/markets\/quote?tvwidgetsymbol=ON\" data-component=\"link\" data-source=\"inlineLink\" data-type=\"internalLink\" data-ordinal=\"1\" rel=\"nofollow noopener\" target=\"_blank\">ON<\/a>) was the worst-performing stock in the\u00a0<a href=\"https:\/\/www.investopedia.com\/terms\/s\/sp500.asp\" data-component=\"link\" data-source=\"inlineLink\" data-type=\"internalLink\" data-ordinal=\"2\" rel=\"nofollow noopener\" target=\"_blank\">S&amp;P 500<\/a>\u00a0Monday, sinking as its chief executive warned customers are being &#8220;cautious&#8221; and sales slide.\n<\/p>\n<p id=\"mntl-sc-block_19-0\" class=\"comp mntl-sc-block finance-sc-block-html mntl-sc-block-html\"> The Scottsdale, Ariz., maker of semiconductors and other products focused on automotive and industrial end markets reported second-quarter adjusted\u00a0<a href=\"https:\/\/www.investopedia.com\/terms\/e\/eps.asp\" data-component=\"link\" data-source=\"inlineLink\" data-type=\"internalLink\" data-ordinal=\"1\" rel=\"nofollow noopener\" target=\"_blank\">earnings per share<\/a>\u00a0of $0.53, matching the consensus estimate of analysts surveyed by Visible Alpha. Revenue fell 15% year-over-year to $1.47 billion, but came in a tick better than expected.\n<\/p>\n<p id=\"mntl-sc-block_20-0\" class=\"comp mntl-sc-block finance-sc-block-html mntl-sc-block-html\"> For the current quarter, Onsemi sees adjusted EPS between $0.54 and $0.64 on revenue between $1.465 billion and $1.565 billion. Analysts were looking for $0.58 and $1.495 billion, respectively.\n<\/p>\n<p id=\"mntl-sc-block_21-0\" class=\"comp mntl-sc-block finance-sc-block-html mntl-sc-block-html\"> &#8220;We are beginning to see signs of stabilization across our end markets, and we remain well-positioned to benefit from a market recovery,&#8221; Onsemi CEO Hassane El-Khoury said in the company&#8217;s earnings release.\n<\/p>\n<p id=\"mntl-sc-block_22-0\" class=\"comp mntl-sc-block finance-sc-block-html mntl-sc-block-html\"> Onsemi&#8217;s automotive revenue fell 4% quarter-over-quarter to $733 million.\n<\/p>\n<p id=\"mntl-sc-block_23-0\" class=\"comp mntl-sc-block finance-sc-block-html mntl-sc-block-html\"> Asked about headwinds in the automotive sector on the company&#8217;s call with analysts, El-Khoury said that &#8220;both Europe and North America are weak,&#8221; and that he believes &#8220;there&#8217;s a lot of uncertainty in the automotive market,&#8221; according to an AlphaSense transcript.\n<\/p>\n<p id=\"mntl-sc-block_24-0\" class=\"comp mntl-sc-block finance-sc-block-html mntl-sc-block-html\"> Asked for further comment, El-Khoury said, &#8220;You have the tariff and\u00a0you have just the general uncertainty of end market demand.\u00a0So you see customers waiting to the last minute to place an order and an end.&#8221;\n<\/p>\n<p id=\"mntl-sc-block_25-0\" class=\"comp mntl-sc-block finance-sc-block-html mntl-sc-block-html\"> ON Semiconductor shares were down 13% in recent trading.\n<\/p>\n<p> With today&#8217;s big decline, Onsemi shares have lost 22% of their value so far in 2025.<\/p>\n<p>TradingView<\/p>\n<p id=\"mntl-sc-block_27-0\" class=\"comp mntl-sc-block finance-sc-block-html mntl-sc-block-html\"> &#8211;<a href=\"https:\/\/www.investopedia.com\/aaron-rennie-8603747\" data-component=\"link\" data-source=\"inlineLink\" data-type=\"internalLink\" data-ordinal=\"1\" rel=\"nofollow noopener\" target=\"_blank\">Aaron Rennie<\/a>\n<\/p>\n<p>IDEXX Lab Stock Soars to Pace S&amp;P 500 Gainers<\/p>\n<p>1 hr 44 min ago<\/p>\n<p id=\"mntl-sc-block_28-0\" class=\"comp mntl-sc-block finance-sc-block-html mntl-sc-block-html\"> Shares of IDEXX Laboratories (<a href=\"https:\/\/www.investopedia.com\/markets\/quote?tvwidgetsymbol=IDXX\" data-component=\"link\" data-source=\"inlineLink\" data-type=\"internalLink\" data-ordinal=\"1\" rel=\"nofollow noopener\" target=\"_blank\">IDXX<\/a>) jumped Monday after the pet health care company reported better-than-expected second-quarter results and raised its 2025 profit and revenue forecasts.\n<\/p>\n<p id=\"mntl-sc-block_29-0\" class=\"comp mntl-sc-block finance-sc-block-html mntl-sc-block-html\"> The Westbrook, Maine-based firm posted\u00a0<a href=\"https:\/\/www.investopedia.com\/terms\/g\/gaap.asp\" data-component=\"link\" data-source=\"inlineLink\" data-type=\"internalLink\" data-ordinal=\"1\" rel=\"nofollow noopener\" target=\"_blank\">GAAP<\/a>\u00a0earnings per share of $3.63 on revenue that increased 11% year-over-year to $1.11 billion. Analysts surveyed by Visible Alpha had expected $3.30 and $1.06 billion, respectively.\n<\/p>\n<p id=\"mntl-sc-block_30-0\" class=\"comp mntl-sc-block finance-sc-block-html mntl-sc-block-html\"> IDEXX lifted its full-year\u00a0<a href=\"https:\/\/www.investopedia.com\/terms\/e\/eps.asp\" data-component=\"link\" data-source=\"inlineLink\" data-type=\"internalLink\" data-ordinal=\"1\" rel=\"nofollow noopener\" target=\"_blank\">EPS<\/a>\u00a0projection to a range of $12.40 to $12.76 from the prior $11.93 to $12.43. It also raised its revenue outlook to $4.205 billion to $4.280 billion from $4.095 billion to $4.210 billion.\n<\/p>\n<p id=\"mntl-sc-block_31-0\" class=\"comp mntl-sc-block finance-sc-block-html mntl-sc-block-html\"> &#8220;Our focus on helping veterinarians gain deeper diagnostic insights to inform patient care continues to drive customer loyalty and sets a solid foundation for sustained long-term growth,&#8221; IDEXX CEO Jay Mazelsky said.<\/p>\n<p id=\"mntl-sc-block_32-0\" class=\"comp mntl-sc-block finance-sc-block-html mntl-sc-block-html\"> The stock was up 26% recently, leading S&amp;P 500 advancers. With today&#8217;s surge, IDEXX Laboratories shares have added more than 60% of their value in 2025.\n<\/p>\n<p id=\"mntl-sc-block_33-0\" class=\"comp mntl-sc-block finance-sc-block-html mntl-sc-block-html\"> &#8211;<a href=\"https:\/\/www.investopedia.com\/aaron-rennie-8603747\" data-component=\"link\" data-source=\"inlineLink\" data-type=\"internalLink\" data-ordinal=\"1\" rel=\"nofollow noopener\" target=\"_blank\">Aaron Rennie<\/a>\n<\/p>\n<p>Tesla Approves Musk Stock Award Worth $29B<\/p>\n<p>3 hr 21 min ago<\/p>\n<p id=\"mntl-sc-block_34-0\" class=\"comp mntl-sc-block finance-sc-block-html mntl-sc-block-html\"> The world&#8217;s richest man just got a lot richer.\n<\/p>\n<p id=\"mntl-sc-block_35-0\" class=\"comp mntl-sc-block finance-sc-block-html mntl-sc-block-html\"> In a regulatory filing, Tesla (<a href=\"https:\/\/www.investopedia.com\/markets\/quote?tvwidgetsymbol=TSLA\" data-component=\"link\" data-source=\"inlineLink\" data-type=\"internalLink\" data-ordinal=\"1\" rel=\"nofollow noopener\" target=\"_blank\">TSLA<\/a>) reported that CEO\u00a0<a href=\"https:\/\/www.investopedia.com\/articles\/personal-finance\/061015\/how-elon-musk-became-elon-musk.asp\" data-component=\"link\" data-source=\"inlineLink\" data-type=\"internalLink\" data-ordinal=\"2\" rel=\"nofollow noopener\" target=\"_blank\">Elon Musk<\/a>\u00a0would receive 96 million shares of restricted stock as part of an &#8220;Interim Award&#8221; under the electric vehicle maker\u2019s 2019 Equity Incentive Plan. At Friday&#8217;s closing price of $302.63, that would value the agreement at about $29 billion.\n<\/p>\n<p id=\"mntl-sc-block_36-0\" class=\"comp mntl-sc-block finance-sc-block-html mntl-sc-block-html\"> The company noted the decision came after the board earlier this year &#8220;established a special committee &#8230; to consider certain compensation matters involving Elon Musk.&#8221; That committee, consisting of disinterested directors Robyn Denholm and Kathleen Wilson-Thompson, made the recommendation, which was approved by the board yesterday.\n<\/p>\n<p> Tesla CEO Elon Musk, seen here in the Oval Office in May, left his role as head of the Department of Government Efficiency in the spring, news that was welcomed by investors.<\/p>\n<p>Francis Chung \/ Politico \/ Bloomberg \/ Getty Images<\/p>\n<p id=\"mntl-sc-block_38-0\" class=\"comp mntl-sc-block finance-sc-block-html mntl-sc-block-html\"> Tesla noted the stock will vest two years from now, providing Musk remains CEO or holds another key executive position, and he will have to pay $23.34 per share for them. However, he will forfeit all the award if the courts eventually decide he can receive the estimated $56 billion pay package from 2018 that was\u00a0<a href=\"https:\/\/www.investopedia.com\/tesla-shareholders-approve-elon-musk-usd56b-pay-package-8663296\" data-component=\"link\" data-source=\"inlineLink\" data-type=\"internalLink\" data-ordinal=\"1\" rel=\"nofollow noopener\" target=\"_blank\">approved by shareholders<\/a>. A Delaware judge struck down that deal, agreeing with plaintiffs who argued that it was excessive.\u00a0\n<\/p>\n<p id=\"mntl-sc-block_39-0\" class=\"comp mntl-sc-block finance-sc-block-html mntl-sc-block-html\"> Tesla shares were up nearly 2% in midday trading Monday, but they&#8217;ve lost nearly a quarter of their value year-to-date.\n<\/p>\n<p id=\"mntl-sc-block_40-0\" class=\"comp mntl-sc-block finance-sc-block-html mntl-sc-block-html\"> &#8211;<a href=\"https:\/\/www.investopedia.com\/tesla-board-approves-elon-musk-stock-award-worth-usd29b-11784132\" data-component=\"link\" data-source=\"inlineLink\" data-type=\"internalLink\" data-ordinal=\"1\" rel=\"nofollow noopener\" target=\"_blank\">Bill McColl<\/a>\n<\/p>\n<p>What Analysts Think of Palantir Stock Ahead of Earnings<\/p>\n<p>4 hr 37 min ago<\/p>\n<p id=\"mntl-sc-block_41-0\" class=\"comp mntl-sc-block finance-sc-block-html mntl-sc-block-html\"> Palantir Technologies (<a href=\"https:\/\/www.investopedia.com\/markets\/quote?tvwidgetsymbol=PLTR\" data-component=\"link\" data-source=\"inlineLink\" data-type=\"internalLink\" data-ordinal=\"1\" rel=\"nofollow noopener\" target=\"_blank\">PLTR<\/a>) is scheduled to report second-quarter results after the closing bell Monday, with analysts\u00a0divided on one of 2025&#8217;s hottest stocks.\n<\/p>\n<p id=\"mntl-sc-block_42-0\" class=\"comp mntl-sc-block finance-sc-block-html mntl-sc-block-html\"> Shares of Palantir have more than doubled in price this year, leading the best-performing\u00a0<a href=\"https:\/\/www.investopedia.com\/ask\/answers\/how-can-i-buy-sp-500-fund\/\" data-component=\"link\" data-source=\"inlineLink\" data-type=\"internalLink\" data-ordinal=\"1\" rel=\"nofollow noopener\" target=\"_blank\">S&amp;P 500<\/a>\u00a0companies, as the company&#8217;s AI software has become a mainstay, particularly within\u00a0<a href=\"https:\/\/www.investopedia.com\/palantir-is-surging-the-stock-leads-nasdaq-gains-this-year-as-federal-work-expands-11745485\" data-component=\"link\" data-source=\"inlineLink\" data-type=\"internalLink\" data-ordinal=\"2\" rel=\"nofollow noopener\" target=\"_blank\">U.S. government<\/a>\u00a0agencies.\n<\/p>\n<p id=\"mntl-sc-block_43-0\" class=\"comp mntl-sc-block finance-sc-block-html mntl-sc-block-html\"> However, Wall Street largely has been wary of the meteoric rise. The consensus price target among analysts tracked by Visible Alpha is just over $107\u2014roughly 30% lower than Palantir&#8217;s Friday close above $154.\n<\/p>\n<p id=\"mntl-sc-block_44-0\" class=\"comp mntl-sc-block finance-sc-block-html mntl-sc-block-html\"> Just two out of 12 analysts have a &#8220;buy&#8221; or equivalent rating for Palantir stock, alongside seven &#8220;hold&#8221; ratings and three &#8220;sell&#8221; recommendations, according to Visible Alpha data. One such bull is Wedbush Securities, which last month\u00a0<a href=\"https:\/\/www.investopedia.com\/why-wall-street-could-be-underestimating-palantir-11769573\" data-component=\"link\" data-source=\"inlineLink\" data-type=\"internalLink\" data-ordinal=\"1\" rel=\"nofollow noopener\" target=\"_blank\">lifted its Palantir price target<\/a>\u00a0to $160. To hear Wedbush analyst Dan Ives tell it, the Street has it wrong.\n<\/p>\n<p id=\"mntl-sc-block_45-0\" class=\"comp mntl-sc-block finance-sc-block-html mntl-sc-block-html\"> &#8220;We believe the Street is underestimating the $1 billion+ revenue stream that [Palantir&#8217;s Artificial Intelligence Platform] US commercial business can evolve into over the next few years and the technology competitive moat that [CEO Alex] Karp &amp; Co. have built,&#8221; Wedbush said.\n<\/p>\n<p id=\"mntl-sc-block_46-0\" class=\"comp mntl-sc-block finance-sc-block-html mntl-sc-block-html\"> For the second quarter, analysts expect Palantir to report\u00a0<a href=\"https:\/\/www.investopedia.com\/terms\/r\/revenue.asp\" data-component=\"link\" data-source=\"inlineLink\" data-type=\"internalLink\" data-ordinal=\"1\" rel=\"nofollow noopener\" target=\"_blank\">revenue<\/a>\u00a0of $939.6 million, up 39% year-over-year, and adjusted earnings per share of 14 cents, rising from 9 cents a year earlier.\n<\/p>\n<p id=\"mntl-sc-block_47-0\" class=\"comp mntl-sc-block finance-sc-block-html mntl-sc-block-html\"> Palantir shares were up about 3% in recent trading.\n<\/p>\n<p id=\"mntl-sc-block_48-0\" class=\"comp mntl-sc-block finance-sc-block-html mntl-sc-block-html\"> &#8211;<a href=\"https:\/\/www.investopedia.com\/andrew-kessel-8670381\" data-component=\"link\" data-source=\"inlineLink\" data-type=\"internalLink\" data-ordinal=\"1\" rel=\"nofollow noopener\" target=\"_blank\">Andrew Kessel<\/a>\n<\/p>\n<p>Amazon Levels to Watch After Post-Earnings Slide<\/p>\n<p>5 hr 43 min ago<\/p>\n<p id=\"mntl-sc-block_49-0\" class=\"comp mntl-sc-block finance-sc-block-html mntl-sc-block-html\"> Amazon (<a href=\"https:\/\/www.investopedia.com\/markets\/quote?tvwidgetsymbol=amzn\" data-component=\"link\" data-source=\"inlineLink\" data-type=\"internalLink\" data-ordinal=\"1\" rel=\"nofollow noopener\" target=\"_blank\">AMZN<\/a>) shares are in focus to start the week after plunging Friday as\u00a0<a href=\"https:\/\/www.investopedia.com\/amazon-earnings-q2-fy2025-11782701\" data-component=\"link\" data-source=\"inlineLink\" data-type=\"internalLink\" data-ordinal=\"2\" rel=\"nofollow noopener\" target=\"_blank\">quarterly results<\/a>\u00a0from the e-commerce and cloud provider failed to impress investors.\n<\/p>\n<p id=\"mntl-sc-block_50-0\" class=\"comp mntl-sc-block finance-sc-block-html mntl-sc-block-html\"> While the company posted growth in its Amazon Web Services business, investors may have expected more after rivals Microsoft (<a href=\"https:\/\/www.investopedia.com\/markets\/quote?tvwidgetsymbol=msft\" data-component=\"link\" data-source=\"inlineLink\" data-type=\"internalLink\" data-ordinal=\"1\" rel=\"nofollow noopener\" target=\"_blank\">MSFT<\/a>) and Google parent Alphabet (<a href=\"https:\/\/www.investopedia.com\/markets\/quote?tvwidgetsymbol=googl\" data-component=\"link\" data-source=\"inlineLink\" data-type=\"internalLink\" data-ordinal=\"2\" rel=\"nofollow noopener\" target=\"_blank\">GOOGL<\/a>) recently reported strong results in their cloud units. The company\u2019s AWS revenue grew 17.5% in its latest quarter, well below\u00a0<a href=\"https:\/\/www.investopedia.com\/microsoft-earnings-4q-fy2025-11782019\" data-component=\"link\" data-source=\"inlineLink\" data-type=\"internalLink\" data-ordinal=\"3\" rel=\"nofollow noopener\" target=\"_blank\">Microsoft\u2019s Azure growth of 39%<\/a>\u00a0and trailing the\u00a0<a href=\"https:\/\/www.investopedia.com\/alphabet-stock-rises-on-strong-results-boosted-capital-spending-11778120\" data-component=\"link\" data-source=\"inlineLink\" data-type=\"internalLink\" data-ordinal=\"4\" rel=\"nofollow noopener\" target=\"_blank\">32% sales increase in Google Cloud Platform<\/a>.2\u00a0Following the results, analysts at Jefferies said that AWS growth was \u201cdisappointing given big momentum at Azure and GPC.\u201d\u00a0\n<\/p>\n<p id=\"mntl-sc-block_51-0\" class=\"comp mntl-sc-block finance-sc-block-html mntl-sc-block-html\"> Amazon shares fell 8% to just close Friday&#8217;s session at just below $215, pushing the stock into negative territory for the year. Some analysts\u00a0<a href=\"https:\/\/www.investopedia.com\/amazon-stock-is-falling-analysts-say-to-buy-the-dip-11783226\" data-component=\"link\" data-source=\"inlineLink\" data-type=\"internalLink\" data-ordinal=\"1\" rel=\"nofollow noopener\" target=\"_blank\">raised their price targets<\/a>\u00a0on Amazon following the earnings report, with those at JPMorgan analysts saying they \u201cwould buy the pullback.\u201d\n<\/p>\n<p> Source: TradingView.com.<\/p>\n<p id=\"mntl-sc-block_53-0\" class=\"comp mntl-sc-block finance-sc-block-html mntl-sc-block-html\"> Since setting their early-April low, Amazon shares had trended higher within a\u00a0<a href=\"https:\/\/www.investopedia.com\/articles\/trading\/07\/rising_wedge.asp\" data-component=\"link\" data-source=\"inlineLink\" data-type=\"internalLink\" data-ordinal=\"1\" rel=\"nofollow noopener\" target=\"_blank\">rising wedge<\/a>, a move that coincided with the\u00a0<a href=\"https:\/\/www.investopedia.com\/ask\/answers\/012815\/why-50-simple-moving-average-sma-so-common-traders-and-analysts.asp\" data-component=\"link\" data-source=\"inlineLink\" data-type=\"internalLink\" data-ordinal=\"2\" rel=\"nofollow noopener\" target=\"_blank\">50-day moving average (MA)<\/a>\u00a0recently crossing above the 200-day MA to form a bullish\u00a0<a href=\"https:\/\/www.investopedia.com\/terms\/g\/goldencross.asp\" data-component=\"link\" data-source=\"inlineLink\" data-type=\"internalLink\" data-ordinal=\"3\" rel=\"nofollow noopener\" target=\"_blank\">golden cross<\/a>.\n<\/p>\n<p id=\"mntl-sc-block_54-0\" class=\"comp mntl-sc-block finance-sc-block-html mntl-sc-block-html\"> However, the stock\u2019s upward momentum ended abruptly Friday, with the price closing below the rising wedge pattern\u2019s lower trendline, potentially laying the groundwork for further selling.\n<\/p>\n<p id=\"mntl-sc-block_55-0\" class=\"comp mntl-sc-block finance-sc-block-html mntl-sc-block-html\"> Investors should watch key support levels on Amazon&#8217;s chart around $199, $190 and $175, while also monitoring a major overhead area near $233.\n<\/p>\n<p id=\"mntl-sc-block_56-0\" class=\"comp mntl-sc-block finance-sc-block-html mntl-sc-block-html\"> The stock was up slightly at around $215.50 in recent trading.\n<\/p>\n<p id=\"mntl-sc-block_57-0\" class=\"comp mntl-sc-block finance-sc-block-html mntl-sc-block-html\"> Read the <a href=\"https:\/\/www.investopedia.com\/watch-these-amazon-stock-price-levels-after-post-earnings-tumble-11783172\" data-component=\"link\" data-source=\"inlineLink\" data-type=\"internalLink\" data-ordinal=\"1\" rel=\"nofollow noopener\" target=\"_blank\">full technical analysis piece here<\/a>.\n<\/p>\n<p id=\"mntl-sc-block_58-0\" class=\"comp mntl-sc-block finance-sc-block-html mntl-sc-block-html\"> &#8211;<a href=\"https:\/\/www.investopedia.com\/contributors\/54411\/\" data-component=\"link\" data-source=\"inlineLink\" data-type=\"internalLink\" data-ordinal=\"1\" rel=\"nofollow noopener\" target=\"_blank\">Timothy Smith<\/a>\n<\/p>\n<p>Stock Index Futures Point to Higher Open<\/p>\n<p>7 hr 23 min ago<\/p>\n<p id=\"mntl-sc-block_59-0\" class=\"comp mntl-sc-block finance-sc-block-html mntl-sc-block-html\"> Futures tied to the Dow Jones Industrial Average were up 0.5%.\n<\/p>\n<p>TradingView<\/p>\n<p id=\"mntl-sc-block_61-0\" class=\"comp mntl-sc-block finance-sc-block-html mntl-sc-block-html\"> S&amp;P 500 futures also gained 0.5%.\n<\/p>\n<p>TradingView<\/p>\n<p id=\"mntl-sc-block_63-0\" class=\"comp mntl-sc-block finance-sc-block-html mntl-sc-block-html\"> Nasdaq 100 futures rose 0.7%.\n<\/p>\n<p>TradingView<\/p>\n","protected":false},"excerpt":{"rendered":"Where Traders Expect Palantir Shares to Go After Earnings 6 minutes ago Traders expect that the best-performing S&amp;P&hellip;\n","protected":false},"author":2,"featured_media":43938,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[12],"tags":[84,467,56,54,55],"class_list":{"0":"post-43937","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-markets","8":"tag-business","9":"tag-markets","10":"tag-uk","11":"tag-united-kingdom","12":"tag-unitedkingdom"},"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts\/43937","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/comments?post=43937"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts\/43937\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/media\/43938"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/media?parent=43937"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/categories?post=43937"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/tags?post=43937"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}