Shares of Cleveland-Cliffs Inc. (CLF) surged 16.3% after it reported third-quarter 2026 earnings of 28 cents per share, beating the Zacks Consensus Estimate of 24 cents. Fifth Third Bancorp (FITB) shares rose 0.3% after it posted third-quarter 2026 earnings of $1.13 per share, above the Zacks Consensus Estimate of $1.09. Amazon.com, Inc. (AMZN) shares advanced 5%, with Consumer Discretionary emerging as the day's biggest-gaining sector. NVIDIA Corporation (NVDA) shares rose 1.4% as investors returned to semiconductor stocks after a prolonged selloff.
Summary written by Upside AI from the original article. Read the source for full details.
Read the original on Yahoo Finance ↗
Keywords
Open a keyword to see other news on the same topic.
Related tickers and likely impact
AMZN
• NeutralAmazon
Relevance: low
| Market | US stocks |
|---|---|
| Sector | Consumer Discretionary |
| Industry | Broadline Retail |
| Market cap | $2.7T |
| Close on 10/19/2026 | 262.45 |
| Change that session | +4.98% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
Related news
- Amazon Just Made Its AI Chips Easier to Use. Should Nvidia Investors Be Worried?
Amazon announced TorchNeuron, a free open-source tool that lets developers run existing PyTorch code on its Trainium chips with minimal changes, with a public beta due on Oct. 20. This challenges a key part of Nvidia's moat, because switching away from CUDA typically carries large costs in time and labor. However, the tool only covers PyTorch work, custom CUDA code will not port easily, and the release is still in beta, with the ease-of-switching claims coming from Amazon itself. Google is also developing a similar tool, TorchTPU. The author sees it as a chink in Nvidia's narrative and does not expect a major near-term effect on order flow or pricing power, but says the market may no longer pay quite the same premium for Nvidia stock.
- Nasdaq sinks more than 2 % as investors raise questions about AI debt
- Dow Giant 3M Reports Mixed Earnings, Expanded Amazon Data Center Deal
- Amazon Stock to Top $300 in October? Prediction Market Punters Trade the Odds as Morgan Stanley Raises Near-Term Target
Bettors on Polymarket, a prediction market built on the Polygon network, are not fully convinced that Amazon.com Inc. (NASDAQ:AMZN) will reach $300 or higher in October. Their skepticism comes as the company prepares to report its third-quarter financial results.
- Stock Market Today, Oct. 19: Amazon Surges on Morgan Stanley Top Pick and $350 Price Target
Amazon (AMZN) closed at $262.45 on Oct. 19, up 4.98%, after Morgan Stanley named it a top pick, kept an Overweight rating and raised its price target to $350 from $335. Morgan Stanley cited the AI boom as a key driver and five catalysts, including AWS growth nearly tripling from 2025 to 2028. Trading volume reached 54.5 million shares, about 4% above the three-month average of 38.9 million. AWS revenue in Q2 rose 37% year over year to $42.2 billion, the fastest growth in 18 quarters, and investors await the Q3 report on October 29. Litigation and regulatory risk remain a longer-term overhang on valuation.
- Amazon (AMZN) Stock Costs $250 a Share. Here's Why I'd Still Buy It.
The article argues that Amazon, trading at about $250 a share, is still worth buying for the author, who would buy it if he did not already own it. The main reason is that the stock looks appealingly valued: its forward P/E of about 24 is well below its five-year average of 39, while its price-to-sales ratio of 3.6 is slightly above the five-year average of 3. Amazon ranked fourth in the 2026 Kantar BrandZ Global Top 100, with a brand value of $1 trillion, and its shares have averaged annual gains of 22% over the past 15 years. The author stresses that a stock's absolute price means little on its own, so investors should compare it with earnings and sales and research each company in depth.
Related markets
Latest news
- Chips lead Nasdaq lower, oil tops 5-month high: AlphaCheck
Stocks were mixed on Tuesday as chip stocks gave up the previous session's rebound while oil prices climbed. Brent crude hovered near a 5-month high at $110 per barrel and WTI traded just below $100, following Houthi rebel attacks on Saudi Arabia amid the ongoing Middle East conflict. The tech sector fell, led by Nvidia (NVDA) and AMD (AMD), while memory makers Micron (MU) and SK Hynix (SKHY) also declined as Monday's rebound in the AI trade faded. Investors focused on earnings from GM, GE Aerospace and RTX released Tuesday, with SpaceX, Tesla and Meta also expected to report later in the week.
- Salesforce announces $5.66 billion deal for Braze, sending BRZE stock soaring 50%
Salesforce agreed to buy customer engagement platform Braze for about $5.66 billion, with Braze Class A holders receiving $47.50 in cash per share and closing expected in fiscal 2028, according to a Salesforce blog. Salesforce shares slipped about 1% Tuesday morning, while BRZE soared more than 50% after a brief premarket halt, from a $30.04 close on Monday. Braze makes AI marketing tools for managing customer data and messaging, and CEO Bill Magnuson said Salesforce's platform will help the company innovate faster.
- SpaceX reports after the bell. Here's what options traders expect
SpaceX reports earnings after the bell on Tuesday. Over the past three months it delivered four astronauts to the International Space Station in record time, expanded its mobile network spectrum, was reportedly eyeing a $40 billion debt deal to buy Nvidia chips, and CEO Elon Musk said he plans to give shares to every kid in America next year. Options market-makers price a roughly 6% move after the report, per Cboe LiveVol data, less than half the 13% erased after its August debut report. The stock rallied 60% over the following two months before reversing, dropping as much as 19% in the past two weeks. Monday's 1.1 million contracts traded were 20% above the 30-day average, with 665,000 calls, and implied volatility is 62 versus above 110 before second-quarter earnings. Two lockup releases, one two days after earnings and one on October 26, together cover over 1.6 billion shares, while earlier releases on Sep. 9, 10 and 24 had no discernible effect.
- Hedge Funds Dumped Tech Stocks at the Fastest Pace in a Decade, Goldman Says
Goldman Sachs prime brokerage data showed hedge funds sold technology stocks at the fastest pace in at least a decade in the week through October 15, 2026, with semiconductors taking the largest dollar hit. The selling was mainly long liquidation, meaning funds sold shares they already owned rather than opening many new short positions. The Nasdaq 100 fell 5.5% that week, its worst week since April 2025, and net leverage dropped to 48.6%, a one-year low, yet tech still made up 23.5% of Goldman's global prime book, in the 90th percentile of the past 5 years. Nvidia (NVDA) fell 4.08% over the week versus 7.88% for the iShares Semiconductor ETF (SOXX). A close below $214.13 would suggest the selling has not run its course, while a move back to $226.32, its October 12 close, would indicate funds have finished selling.
- Kazakhstan court bars Coinbase, five others from unlicensed crypto services in Astana International Financial Centre
Kazakhstan's financial regulator AFSA secured court orders restricting Coinbase and five other exchanges, including BingX, Bitcoin.com, Huobi Global (HTX), BitMart and WEEX, from offering or marketing unlicensed digital asset services in the Astana International Financial Centre (AIFC). The injunctions apply only to users within the AIFC, not nationwide, and bind Google and Apple as app-store operators, though the court declined to issue a separate injunction against them and said AFSA should first discuss necessary steps with the firms. LBank was removed from the case on Sept. 18 after addressing AFSA's concerns and blocking access in Kazakhstan. Other platforms failed to respond in time, so the court entered default judgment, and AFSA had begun warnings to more than 20 platforms in 2025.
- Gunnison Copper expands to Wall Street with NYSE American ADR listing
Gunnison Copper is listing an ADR on the NYSE American under the symbol GUNN, with trading expected on or about October 26, subject to SEC registration effectiveness and final exchange approvals. Each ADR represents 30 common shares, giving US institutional and retail investors broader access to the Phoenix-based domestic copper producer. The company produces copper cathode at its Johnson Camp Mine in Arizona, supplies the US defense sector and Amazon Web Services, and is advancing the Gunnison Copper Project about 1.5 miles away. The listing complements its existing Toronto and Frankfurt listings and does not affect its common shares.
Get the briefing on Telegram or Zalo
Join the Upside Telegram channel or Zalo group for the Vietnam stocks and gold briefing at 8:00 and 19:00 (Vietnam time) on trading days, plus a weekly wrap on Saturday morning.