Amazon is trading at an absurd valuation relative to its peers and growth prospects at 32 times '25 estimates. See why I reiterate a strong buy rating on AMZN...

With five of the “Magnificent Seven” names, Alphabet (GOOG, GOOGL), Microsoft (MSFT), Amazon (AMZN), Meta (META), and Apple (AAPL), reporting quarterly earnings this week, Neuberger Berman senior research analyst Dan Flax joins Morning Brief Hosts Seana Smith and Brad Smith to break down what investors need to know. Flax tells Yahoo Finance, “It's going to be important in terms of getting an update on some of the cyclical factors. There's clearly patches of weakness in the consumer [and] I think the enterprise is slower, but if we step back and think ‘What's happening?' you have this build out of the digital platform, the cloud, artificial intelligence. These secular trends remain healthy in my view.” The analyst says he expects solid growth from hyperscalers’ cloud businesses. “With Microsoft, their Azure business, I think you'll see good growth there. I think with Amazon Web Services you'll also see healthy growth there. And I'll also highlight the Google Cloud business which we think is an underappreciated opportunity for them. And so I think that will remain healthy.” He adds that Apple is in “the very, very early days with the new cycle” with the iPhone 16 and Apple Intelligence. For more on Flax’s expectations of Magnificent Seven earnings, watch the video above. To watch more expert insights and analysis on the latest market action, check out more Morning Brief here. This post was written by Naomi Buchanan...

AMZN's dominant position in the cloud market makes the stock worth a watch ahead of its third-quarter earnings amid intense competition and elevated valuation...

Investors are gearing up for a big week ahead as five of the "Magnificent Seven" players will report their earnings results. Alphabet (GOOG, GOOGL), Apple (AAPL), Amazon (AMZN), Microsoft (MSFT), and Meta (META) all report this week. The Job Openings and Labor Turnover Survey (JOLTS) and ADP private payroll data will also give Wall Street a fresh read on the labor market this week. Morning Brief Hosts Seana Smith and Brad Smith break down the details. To watch more expert insights and analysis on the latest market action, check out more Morning Brief here. This post was written by Melanie Riehl...

Stock futures (ES=F, NQ=F, YM=F) are up Monday morning in anticipation of this week's earnings for Magnificent Seven tech names. As Tesla (TSLA) reported its third quarter results last week, this is the earnings timeline for the rest of the Mag 7: Alphabet (GOOG, GOOGL) — Tuesday, October 29 Meta Platforms (META) and Microsoft (MSFT) — Wednesday, October 30 Amazon (AMZN) and Apple (AAPL) — Thursday, October 31 Nvidia (NVDA) — Wednesday, November 20 The US Bureau of Labor Statistics is set to publish the October jobs report this Friday, November 1. The Personal Consumption Expenditures (PCE) index is also due out this Thursday, October 31. On top of reporting earnings this Thursday, Apple is launching its Apple Intelligence features today alongside a slew of other software and hardware announcements. To watch more expert insights and analysis on the latest market action, check out more Morning Brief here. This post was written by Luke Carberry Mogan...

Looking beyond Wall Street's top -and-bottom-line estimate forecasts for Amazon (AMZN), delve into some of its key metrics to gain a deeper insight into the company's potential performance for the quarter ended September 2024...