Monster Moves in GOOG and AMZN

by Rick Ackerman

DaBoyz have goosed GOOG and AMZN sharply higher in after-hours trading after the companies’ earnings easily beat the Street’s most optimistic estimates.

The rallies have generated higher targets for both stocks, but the pitch of their respective thrusts is so steep that we should expect them to settle back overnight and into week’s end, much as Facebook has done following similarly impressive earnings announced after Wednesday’s close.

Under the circumstances, look for a subdued performance by the broad averages on Friday.

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