On this episode of Stock Movers:
- Amazon (AMZN) is higher after it reported third-quarter revenue of $33 billion, a 20% increase from the prior year and the biggest year-over-year rise since the end of 2022. The company's shares surged after the earnings report, with Chief Executive Officer Andy Jassy saying "We have momentum" and analyst Melissa Otto stating that the AWS business is "firing on all cylinders".
- Apple (AAPL) is up this morning after the company gave an outlook that is seen as strong, offsetting fourth-quarter results that featured weak China revenue and a mixed read on the iPhone.
- Meta (META) is rebounding this morning after it sold $30 billion of investment-grade bonds on Thursday, the biggest high-grade corporate bond offering of the year, after receiving record orders for the debt. The bond sale comes after Chief Executive Officer Mark Zuckerberg warned that the company would spend even more aggressively on artificial intelligence in the coming year.
- Exxon Mobil (XOM) is lower even though it topped estimates as its Yellowtail project in Guyana brought the country’s production to 700,000 barrels a day in 3Q - a record.
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