Investing.com's stocks of the week

finance
Created 11/2/2024
Updated 11/2/2024

This week in the financial markets, major tech companies like Microsoft, Amazon, and Apple reported their earnings, with mixed reactions from investors. Microsoft saw a stock drop despite beating earnings expectations due to concerns over future growth and supply chain issues affecting its AI capabilities. Amazon, on the other hand, experienced a stock surge thanks to strong retail sales and improved profit margins, with analysts optimistic about its growth potential. Apple also exceeded earnings expectations but faced investor disappointment over its guidance. Meanwhile, SMCI faced a significant stock decline following the resignation of its accounting firm, Ernst & Young, due to financial uncertainties. Estee Lauder also struggled, with its stock plummeting after a revenue miss and withdrawal of its fiscal 2025 outlook amid challenges in China and travel retail, leading to a downgrade by JPMorgan.

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