Amazon Books 4.5% Gain in Early Trading, Topping RAI

Oil prices slip, lifting airlines

   

Real America Index Amazon Books 4.5% Gain in Early Trading, Topping RAI Washington’s Amazon.com (NASDAQ:AMZN) is booking up 4.52%, breaking the $200 barrier, after Morgan Stanley issued a very bullish call on the company and set a price target of $245.

Amazon is the best-performing stock on the InvestorPlace.com Real America Index today. Other top performers in the index:

Hawaii’s Hawaiian Holdings (NASDAQ:HA) is up almost 4% today on news that crude oil prices continue to dip.  With airline profits tied to fuel costs, the slightest drop in oil often translates to good news for the sector, and today is no exception.

North Carolina’s Bank of America (NYSE: BAC) is up 2.91%, as the stock is moving in tandem with an overall burst upwards for the entire financial sector.

There are stock that are down in the Real America Index today, and they include:

Arizona’s Apollo Group (NASDAQ: APOL) is down -0.42% today.  There’s no obvious news, but the stock may still be showing some volatility following the recent rules issued by the DOE regarding for-profit schools.

Minnesota’s Target (NYSE: TGT) is down -0.80% today, on a downgrade by Janney to neutral.  Barron’s also expects Target to miss it’s earnings target.

Oklahoma’s Chesapeake Energy (NYSE: CHK) is struggling on a -0.93% loss, as natural gas prices dip along with oil.

Looking at the broad perspective, the Real America Index is up almost 1%, as are the other three major indexes.

About the Real America Index

When Americans wonder how healthy the nation’s economy is, where can they turn? At InvestorPlace, we hope we have the answer: a list of 50 publicly traded stocks we call the Real America IndexCheck out the interactive Real America Index map, browse a list of all 50 component stocks, or find out how we created this index.


Article printed from InvestorPlace Media, http://investorplace.com/2011/06/amazon-nasdaq-amzn-crude-oil-airlines-real-america/.

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