Good morning Wake-Up Watchlisters! While you're sipping coffee you'll see stocks slid on Friday after poor results from big tech companies. Contracts on the tech-heavy Nasdaq 100 slumped more than 1%. But despite the downturn, the S&P 500 is heading for a second week of gains for the first time since August. While markets have improved over the last few weeks, there's still a chance for more pain ahead. See how Alpesh Patel, the leading Stock Market Forecasting Champion for the Financial Times, is helping investors turn this disastrous market into the biggest windfall of their lives. Click here to discover the GVI indicator. Here's a look at the top-moving stocks this morning. Amazon.com, Inc. (Nasdaq: AMZN) Amazon is down 12.37% premarket after the retail giant missed on revenue and sales for its Amazon Web Services cloud business. Revenue came in at $127.1 billion versus $127.63 billion expected. The company also lowered guidance for the fourth quarter from $155 billion to $140 billion. With the tech sector undergoing a shift, you'll want to see what our friend Andy Snyder is saying about the predicted $13 trillion tech boom in January 2023. Right now he's sharing insights into a stock that could be at the forefront of this revolution. Click here to unlock this stock. Pinterest (NYSE: PINS) Pinterest is up 9.18% premarket after topping earnings expectations. The social media company was an outlier among other downbeat companies in its sector. Its ad business was still strong as users were engaging with the platform to take up inspiration for home renovation and recipe-based cooking. The growth was also fueled by Apple Inc.'s IOS 16 in September, according to finance chief Todd Morgenfeld. |
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