I feel completely dumbfounded and want to know why.
Apple has a record breaking quarter and their stock prices takes it up the ass.
Now, after market closed today, Amazon reported their earnings and they MISSED every single mark set by analysts.
Amazon's EPS was .07 below analysts, and Amazon's revenue from Q4 was 21.27B vs 22.3B from analysts.(Q4)
According to MarketWatch, their stock price is up $25.91 from its closing price during After Hours trading.
How does this happen?
How does a company post a loss, but their stock prices rise?
It's opposite month.
"I can calculate the movement of the stars, but not the madness of men." - Sir Isaac Newton
The real fear with Apple is competition. Apple is more of a story of "whats next" (innovation wise)
AAPL is off because, despite the record quarter, all signs point to slower growth and diminishing market share. Most of the newly activated iPhones at VZ and T were NOT the iPhone 5, which is a first. Samsung is gaining share faster than AAPL. AAPL ridiculous $700+ valuation was based on them continuing to dominate the market, and any sings of chinks in that armor will hurt it.
AMZN was down on earnings announcement and before. Back up in after hours, who knows why. They are still furiously growing. The market has never cared whether they turned a profit, why should it start now? In all seriousness I think people see them as still a start-up, as long as top line growth is in the 20's and they continue to grab market share people are comfortable they will eventually be a cash cow. I think everyone knows they could make money, but they choose to grab share, invest in technology, and expand their brand for now.
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