Stock Movers: Amazon Surges on Cloud Growth, Apple Edges Up, Meta Rebounds on Bond Sale

Amazon's Strong Earnings Performance

• 🚀 Amazon (AMZN) is the biggest winner, up nearly 13% on strong third-quarter earnings.
• 💡 The company's cloud unit, AWS, posted its fastest growth since 2022, defying concerns about peak cloud growth.
• 📈 This performance significantly boosted Amazon's stock, making it the biggest volume trader to the upside.

Apple's Mixed Results and Positive Outlook

• 🍎 Apple (AAPL) is trading up about 2% following its earnings report.
• 🌟 The company provided a strong outlook, particularly for the upcoming holiday season, with new iPhones expected to perform well.
• 📈 Apple also indicated increased profit and exposure in China, despite competition.

Meta's Rebound After Bond Sale

• 📊 Meta (META) is up 1.1% after a significant rebound from previous session lows.
• 💰 The company successfully sold $30 billion of investment-grade bonds, the largest high-grade corporate bond offering of the year, with record demand.
• ⚡ This bond sale provided a boost to investor confidence, even as earnings were somewhat disappointing earlier in the week.

Exxon Mobil's Downward Movement

• 🛢️ Exxon Mobil (XOM) is down about 1.5%, despite beating earnings estimates.
• 📉 Weak pricing in the third quarter appears to have hurt its profits.
• 💰 The company did announce plans for $20 billion in share repurchases and highlighted its Yellowtail project in Guyana.