Amazon, Chipotle Headline 6 Big Movers On Earnings; Stock Market Futures Rise

Stock market futures rose modestly late Thursday, with S&P 500 futures and Nasdaq futures up as Amazon.com (AMZN) and Intel (INTC) headlined a busy after-hours session. Chipotle Mexican Grill (CMG), Atlassian (TEAM), Edwards Lifesciences (EW) and Proofpoint (PFPT) also were big stock movers.

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Amazon stock, which had wild swings late, boasts a 98 Composite Rating out of a best-possible 99. Edwards Lifesciences stock also has a 98 Composite Rating while Atlassian stock has a 97 CR. Proofpoint stock is at 94. Chipotle stock has an 84 CR and Intel an 83.

Stock Market Futures Today

Stock market futures rose modestly vs. fair value. Nasdaq 100 futures were up 0.3% above fair value, fueled by Amazon. S&P 500 futures climbed 0.3%. Dow Jones futures advanced 0.1%, despite losses by Dow Jones stock Intel.

The overnight stock market futures action is somewhat of a reversal from Thursday’s stock market trading.

The Nasdaq composite tumbled 1% as Facebook (FB) crashed 19% and Biogen (BIIB) 10%. The S&P 500 index dipped 0.3%. The Dow Jones rose 0.45%, hitting a six-month high.

Amazon Stock Rallies Despite Mixed Earnings

Amazon earnings came in at $5.07 a share, more than double estimates for $2.50. Revenue swelled 39% to $52.9 billion, but came in short of views for $53.4 billion. Amazon Web Services, Amazon’s high-margin cloud-computing unit, had strong revenue growth.

The e-commerce giant also guided low on Q3 revenue.

Amazon stock initially plunged, almost immediately rebounded for big gains, before calming down for a 3.35% gain to 1866.80. Keep in mind that Amazon fell 3% to 1808 during the regular session after hitting a record high on Tuesday.

Intel Stock Falls On Data Center Woes

Intel earnings jumped 44% per share while revenue gained 15%, both topping estimates. The chip giant also gave upbeat Q3 guidance. But Q2 data center revenue missed some estimates. Intel stock slid 5.7% late. Shares had slipped 0.5% on Thursday, hitting resistance at the 50-day line again.

Chipotle Stock Pops On Earnings

Chipotle earnings, revenue and same-store sales topped views. The burrito chain also raised full-year comps targets. Chipotle stock popped 6.2% to 474.50, flirting with a 13-month high. Shares had closed down 1.1%, ending below the 50-day moving average for the first time in nearly a month.

Meanwhile, BJ’s Restaurants (BJRI) continued its own stock revival, rising more than 10% in late trade.

Atlassian Stock Soars On Slack Deal

IBD 50 stock Atlassian’s earnings and revenue topped views, but the real news was a major strategic shift. Atlassian will invest in corporate messaging tool Slack and shut down its competing offerings. Privately held Slack bought some Atlassian IP; the two companies will collaborate on marketing and sales channel management.

Atlassian stock shot up 15% to 76.88, suggesting a move far beyond a 68.85 flat-base entry.

Edwards Lifesciences Sales Weak

The medical products firm topped on earnings but came in short on sales. Full-year sales guidance also was somewhat cautious. Edwards Lifesciences stock fell 7% late. That suggests a move below its 50-day line. Shares had hit a new high intraday before closing down 6 cents at 155.06.

Proofpoint Earnings Top, Stock Falls On Guidance

Proofpoint earnings per share rose 53% as the cybersecurity firm also beat on revenue. But profit and sales guidance lagged. Proofpoint stock fell nearly 6% late, signaling a move below its 50-day line. Shares had risen 1.3% to 125.23, rebounding from that key level.

Other notable after-hours movers included Lam Research (LRCX), Electronic Arts (EA), First Solar (FSLR), Expedia (EXPE) and LogMeIn (LOGM).

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