AMZN News & Events

Moderately bullish activity in Amazon (AMZN), with shares up $1.50, or 0.62%, near $244.18. Options volume roughly in line with average with 897k contracts traded and calls leading puts for a put/call ratio of 0.54, compared to a typical level near 0.53. Implied volatility (IV30) is higher by 2.6 points near 42.64, in the highest 10% of observations over the past year, suggesting an expected daily move of $6.56. Put-call skew flattened, suggesting a modestly bullish tone.

The major averages had a mixed day before the long holiday weekend, with the Dow rising to a record high as traders considered the weaker-than-expected U.S. nonfarm payrolls for June and what it might mean for the path of rates. Meanwhile, the Nasdaq fell amid continued pressure on technology and semiconductor names. Chip stocks have experienced a notable pullback to begin the second half of the year, suggesting traders are taking profits after a strong run.Looking to the jobs report, the U.S. economy added 57,000 jobs in June, well below forecasts of 110,000 and a downwardly revised 129,000 in May. The unemployment rate dropped to 4.2% in June, down from 4.3% in May, as many people left the workforce.Get caught up quickly on the top news and calls moving stocks with these five Top Five lists.1. STOCK NEWS:OpenAI has discussed giving the U.S. government a 5% stake in the company,Alphabethasof a EUR4.1B Android fine in EuropeTeslareported, beating expectationsRivianand raised its FY26 vehicle delivery forecastAppleis preparing a new iPad Pro and redesigned entry-level MacBook Pro for 2027,2. WALL STREET CALLS:DAPalantirto Buy, sees "gift" at current levelsAdobeto Buy at HSBCWolfeChevronto Outperform, sees "opportunistic" entry pointSkyWestto Neutral at Goldman SachsCanaccordInfleqtionat Buy, sees 70% upside3. AROUND THE WEB:Microsoftis merging its consumer and enterprise versions of its Copilot AI chatbot, The Information reportsAmazonwill begin internet services this year after its latest satellite launch, Bloomberg reportsSoftBankhas resumed discussions with lenders for a $10B loan backed by its stake in OpenAI, offering a repayment guarantee to address concerns over valuing private-company shares and reduce lenders' collateral risk, Reuters saysThe U.S. National Highway Traffic Safety Administration, NHTSA, closed a 2022 preliminary evaluation of 695,000 Teslavehicles over unexpected deceleration, citing less incidents and low hazard to drivers, Reuters saysAnthropic has started early-stage work on its own AI chip and has held talks with Samsungas a potential manufacturing partner, The Information says4. MOVERS:SurgePayssoared afterwith one of its wholesale wireless network providersAeroVironmentgained afterKratos Defensewas higher after beingfor a new air defense missile systemOusterwas lower after filing anArbor Realtyfell after Piper Sandlerits price target on the stock5. EARNINGS/GUIDANCE:APi Groupraised itsLindsay, with EPS and revenue beating consensusNational Beveragereported, with EPS and revenue lower year-over-yearGreenbrierand narrowed its guidance for FY26American Eaglebacked itsand FY26INDEXES:The Dow rose 594.83, or 1.14%, to 52,900.07, the Nasdaq lost 207.36, or 0.80%, to 25,832.67, and the S&P 500 advanced 0.010, or 0.00013%, to 7,483.24.

A United Launch Alliance rocket lofted29 satellites for Amazon.com (AMZN), paving the way for the start of the company's broadband service later this year in a challenge to SpaceX's (SPCX) dominant Starlink network, Bloomberg's Jennifer Igbonoba reports. The Atlas V rocket carrying the latest batch of Amazon Leo satellites took off from Cape Canaveral Space Force Station in Florida at 12:30 a.m. local time on Thursday. With more than 390 satellites deployed, Amazon has "completed enough launches for initial service" this year, Chris Weber, vice president of business and product for Amazon Leo, said.