Amazon (AMZN) the big winner so far this quarter. Amazon is up 10% thanks to strong cloud computing growth with AWS sales climbing 20% to $33 billion.  The unit generated operating income of $11.4 billion or nearly two-thirds of overall operating profits. Revenue in the digital advertising business jumped 24% to $17 billion. Total sales at Amazon climbed 13% to $180 billion, topping estimates as Amazon maintains a deep moat around their core businesses driven by their unmatched scale. Analysts at Pivotal and Telsey upgraded the stock with $300 price targets.

eBay (EBAY) pulls back following earnings. The auction giant is down 3% to a two month low as even though earnings were good while sales rose  9.5% to $2.82 billion, guidance was not great as the tariffs on imports are starting to bite. CFO Peggy Alford said the suspension of the de minimis exemption for imports under $800 for tariffs in late August began to negatively impact transaction volumes in September.

   Diamonds and Dogs market commentary is a journal of daily observations on anything that happens to be of interest to our author. Obviously, our primary focus is the stock market and world economic events, but for this page we have no defined topics. We want this page to be dedicated to the interests, concerns, and possibly to the financial gain of our clients and friends. All comments contained herein are for informational purposes only, and should not be considered as a solicitation to buy or sell any security. The firm does not guarantee the accuracy or completeness of the information or make any warranties regarding results from it’s usage