Amazon Rises, Crowdstrike Mixed, Kohl's Rebounds After Earnings Call
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Show Notes
On this episode of Stock Movers:
- Amazon (AMZN) shares rise after news that the company has kicked off what is likely to be one of the biggest corporate bond offerings ever, in the latest blockbuster fundraising to pay for the artificial intelligence boom. The tech giant is targeting the equivalent of about $37 billion to $42 billion in a cross-Atlantic offering in dollars and euros, according to people with knowledge of the matter.
- Crowdstrike (CRWD) shares are mixed. This comes after Morgan Stanley raised the recommendation on Crowdstrike Holdings to overweight from equal-weight, saying the platform is a winner from AI positioning and its growth outlook is promising.
- Kohl's (KSS) shares rebound after after the struggling department-store chain said it was pleased with its performance so far this year. The positive sentiment given on a call with analysts came after the retailer reported a bigger sales drop than expected last quarter and gave an outlook in-line with Wall Street estimates.
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