Amazon.com Inc. reports earnings after the closing bell Thursday, and Wall Street is getting bullish already. With the stock up almost 2% in pre-market trading, investors seem to be expecting an earnings beat, as some analysts have already upped their price targets. Also of note, an investor told me that if Microsoft MSFT , which reported earnings Wednesday, showed better-than-expected cloud computing revenue, that could indicate Amazon Web Services revenue could also surprise to the upside. Well, Microsoft reported slowing Azure revenue. Will AWS revenue come in lower as well?
RealMoney’s Kevin Curran will have loads more on Amazon, our stock of the day.
One of America’s most recognizable consumer food brands, Dunkin’ Brands DNKN reported earnings Thursday morning, and beat expectations handily. This was the first earnings report since the coffee and doughnut chain announced its rebrand, in which it went from ‘Dunkin’ Donuts’ to just ‘Dunkin.” The rebrand is supposed to reflect the company’s commitment to getting food drinks into the hands of customers with speed. The rebrand has just begun and while 52 new next generation stores were added in the U.S. this quarter, more should be on the way. The company also said it completed its share buyback program. Is this old brand reborn?
There’s more analysis on Amazon, Dunkin’, and even Alphabet GOOGL , which reports earnings Thursday, in my newsletter.
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