Earnings Reports Amazon – Alphabet – Starbucks

Amazon Reports Earnings Poised for a New High

Amazon.com, Inc. (AMZN) reports second quarter earnings after the closing bell on Thursday, July 25, with the stock poised to break out above its all-time intraday high of $2,050.50 on a positive reaction to this report.

The upside potential is to its semiannual and quarterly risky levels at $2,068.88 and $2,221.10, respectively.

Fundamentally, Amazon stock is overvalued with a P/E ratio of 83.28 and without offering a dividend, according to Macrotrends.

investopedia.com/amazon-com-reports-earnings

Google (GOOGL) Earnings After The Bell Thursday

Earnings season is hitting the peak of its excitement with 3 out of the 4 FANG stocks reporting this week. The market has had been responding relatively positively to Q2 earnings thus far with the S&P 500 hitting new all-time highs today.

GOOGL has been a relatively big mover on earnings reports, with the last 6 reports having a 4.5% average price impact.

zacks.com/google-googl-earnings-thursday

Starbucks to take delivery nationwide with help from Uber Eats

Starbucks Corp. SBUX, +0.60% said Tuesday that it will make Starbucks Delivers available across the U.S. in early 2020 through a partnership with Uber Eats, which is a unit of Uber Technologies Inc. UBER, +0.92%

Starbucks said in a statement that the service has the potential to extend the customer base beyond those who make a pit stop at a Starbucks location part of their daily routine.

marketwatch.com/starbucks-uber-eats