Ah, the fortunes of war. Shares of Apple Inc. (NASDAQ: AAPL) are up about 77% over the last 12 months, and the stock posted a new all-time high earlier this week. Amazon.com Inc. (NASDAQ: AMZN) is up about 27% in the past year, and the stock set a new all-time high of nearly $247/share earlier today.
Then there’s Autodesk Inc. (NASDAQ: ADSK). The design software maker actually had been outperforming Amazon until it reported dismal results after markets closed last night. The shares had been up about 35% for the past year until they lost nearly 16% of their value today. Autodesk is looking to cut costs even as its forecast plunged below previous consensus estimates.
Contrast that with Amazon’s latest coup. The company has added programming from Comcast Corp.’s (NASDAQ: CMCSA) NBCUniversal group to the streaming video offerings the company makes to its Amazon Prime members.That deal also hit shares of Netflix Inc. (NASDAQ: NFLX), even though Netflix too announced a new streaming deal with film studio The Weinstein Company.
While Apple and Amazon investors are reaping rewards, Autodesk’s shareholders are looking at at least several quarters of retrenchment and restructuring and all the possible nasty things that can happen during those changes.
Paul Ausick
The Average American Is Losing Momentum On Their Savings Every Day (Sponsor)
If you’re like many Americans and keep your money ‘safe’ in a checking or savings account, think again. The average yield on a savings account is a paltry .4%1 today. Checking accounts are even worse.
But there is good news. To win qualified customers, some accounts are paying more than 7x the national average. That’s an incredible way to keep your money safe and earn more at the same time. Our top pick for high yield savings accounts includes other benefits as well. You can earn a $200 bonus and up to 7X the national average with qualifying deposits. Terms apply. Member, FDIC.
Click here to see how much more you could be earning on your savings today. It takes just a few minutes to open an account to make your money work for you.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Latest from 24/7
Our expert who first called NVIDIA in 2009 is predicting 2025 will see a historic AI breakthrough.
You can follow him investing $500,000 of his own money on our top AI stocks for free.