Daily Ranking & Brief
These are today's rankings based on our AI Score which rates ETFs every day from 1 to 10 according to the probability of beating the market in the next 3 months, analysing +900 fundamental, technical, and sentiment indicators.
Access Stock, ETF & Sector Rankings and Factor Models for the US & European markets, alongside Alpha Signal Analysis and Top 25 Trade Idea’s (long & short).
I wanted to take a moment to express my gratitude for being a valued Gryning AI reader. I also want to ensure that you are fully aware of the great benefits that come with a membership. By harnessing the power of Artificial Intelligence, you have the opportunity to make smarter data-driven decisions and significantly enhance the performance of your investments.
🎯 Discover trade idea’s
🥇 Pick the best stocks and ETFs
📊 Track your portfolios
📊 Build your long-term AI-powered portfolio
🔎 Explore stock categories
Bonus: Annual membership will be upgraded to 24 months for the price of 10.
Amazon Earnings Insight - Fresh off significant reveals from Microsoft and Alphabet, can Amazon deliver a performance to match or even outshine its Big Tech brethren?
Amazon is projected to unveil $142.6 billion in revenue for the fiscal fourth quarter, marking a sharp increase from last year, driven largely by its dominant cloud segment, Amazon Web Services (AWS), expected to contribute $24.1 billion.
The firm's expansion into AI and digital advertising also plays a pivotal role, with substantial growth anticipated in these sectors.
Amidst its ambitious strides in artificial intelligence, including a substantial investment in AI startup Anthropic, Amazon is defining its future path. This move, alongside the launch of Amazon Bedrock, is poised to reshape how businesses and consumers leverage technology.
However, the road ahead isn't without hurdles. Recent job cuts within AWS signal potential challenges in Amazon’s most lucrative division. Moreover, intensified competition in both cloud services and e-commerce, from emerging players like Temu and Shein, adds layers of complexity.
Given the prospect of prolonged higher interest rates, the market is banking on Amazon to surpass earnings expectations to sustain the current rebound.
Response from tech peers: Here is the historical 1-month response from Amazon's peers, when the company beats earnings estimates:
Netflix: 4.50%
Alphabet A: 3.59%
Shopify: 2.49%
Microsoft: 1.89%
Oracle: 1.17%
Best Buy: 1.09%
eBay: 0.24%
Disney: -0.20%
META: -1.38%
Walmart: -1.40%