2019 Market May Have Legs, Google Earnings Next, Concerns With Amazon -- ICYMI
Earnings and guidance results in the U.S. ultimately moved the market up more than 1% for the past five days.
The Dow Jones Industrial average gained a tick over 1%, as did the S&P 500 and the Nasdaq in the past five days.
On Monday, only one American behemoth will post earnings.
Google Google Parent company Alphabet Inc.
Will report fourth quarter earnings after the market closes Monday.
Analysts are looking for adjusted earnings-per-share of $13.04 on revenue of $31.32 billion.
January was an unusually strong month for stocks, as the Dow Jones gained over 10%, while the S&P gained about 10.4%, and the tech-heavy Nasdaq about 12%.
Many strategists on Wall Street are calling for broader U.S. market gains of more than 10% for the full year of 2019, while a few are even looking for 13% gains.
Will the market flatten out from here?
January of 2019 was one of the best January's on record.
Amazon Amazon.com Inc.
Posted weak guidance, overshadowing strong earnings.
One concern with Amazon is its ambitious spending, which is happening during what looks to be a global economic slowdown.
Some are concerned, but Amazon is focused on competing with other e-commerce threats like Walmart Inc.
On global e-commerce spend, which is still very much on the rise.
See more Amazon coverage on RealMoney.
Follow Jacob Sonenshine on TheStreet or on Twitter @SonenshineJ.
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