Amazon shares fell about 7% in premarket trading after it reported third-quarter EPS of $1.89, below the $1.97 consensus, and revenue of $201.9 billion that also missed estimates. Free cash flow for the 12 months ended September 30 was negative $42.4 billion, versus positive $14.8 billion a year earlier, as AI infrastructure spending outpaced operating cash generation, though AWS revenue grew 39% and Amazon reiterated about $220 billion in 2026 capex. Analysts moved price targets in both directions, with Citizens cutting to $275 from $315 while MoffettNathanson raised to $357 from $315. Meta fell 2% and Alphabet fell 1% after an $8.7 billion loss on equity securities, while Walmart gained 2%.
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Related tickers and likely impact
AMZN
▼ Likely negativeAmazon
Relevance: high
| Market | US stocks |
|---|---|
| Sector | Consumer Discretionary |
| Industry | Broadline Retail |
| Market cap | $2.7T |
| Close on 10/29/2026 | 243.79 |
| Change that session | -4.25% |
QQQ
▼ Likely negativeInvesco QQQ Trust
Relevance: medium
| Market | US stocks |
|---|---|
| Sector | ETF |
| Close on 10/29/2026 | 715.34 |
| Change that session | -1.42% |
META
▼ Likely negativeMeta Platforms
Relevance: medium
| Market | US stocks |
|---|---|
| Sector | Communication Services |
| Industry | Interactive Media & Services |
| Market cap | $1.7T |
| Close on 10/29/2026 | 624.52 |
| Change that session | +1.96% |
GOOGL
▼ Likely negativeAlphabet Inc. (Class A)
Relevance: low
| Market | US stocks |
|---|---|
| Sector | Communication Services |
| Industry | Interactive Media & Services |
| Market cap | $4.0T |
| Close on 10/29/2026 | 283.82 |
| Change that session | -12.64% |
SPY
▼ Likely negativeSPDR S&P 500 ETF
Relevance: low
| Market | US stocks |
|---|---|
| Sector | ETF |
| Close on 10/29/2026 | 769.36 |
| Change that session | -0.38% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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