Amazon and 2 Stocks Slamming the S&P 500
The S&P 500 (NYSE:SPY) is up today by 0.63% and stands at 1,237. Here are three notable and stocks that are experiencing large declines today.
DeVry (NYSE:DV): Although the latest quarterly report was rocky, Oppenheimer still considers DeVry deserving of an Outperform rating, as enrollment continues to occur. The company reduced its price target from $70 to $57. DeVry is down 17.21%.
Amazon (NASDAQ:AMZN): The latest Q3 quarterly report was soft, as the Kindle Fire continues to underperform. Amazon’s results were hindered in part by significant investments. It must make the investments in digital products, as their traditional media strategy is not sustainable long-term. The stock is down 11.16%. Check Out: Amazon.com Inc. Earnings Cheat Sheet: Bad Luck Continues.
Bemis Company (NYSE:BMS): The latest quarterly report showed Bemis losing volume across its entire product line. Estimates for future earnings per share are between $0.36-$0.42, down from $0.55.
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