3 Stocks to Watch on Friday: Amazon.com, Inc. (AMZN), Alphabet Inc (GOOG, GOOGL) and Wynn Resorts, Limited (WYNN)

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The technology industry rose slightly over the course of the day, while the rest of the market ended with mixed results. The S&P 500 surged 0.2%, while the Dow Jones Industrial Average increased 0.1%.

3 Stocks to Watch on Friday: Amazon.com, Inc. (AMZN), Alphabet Inc (GOOG, GOOGL) and Wynn Resorts, Limited (WYNN)There are several stocks to look out for to start off the day, including Amazon.com, Inc. (NASDAQ:AMZN), Alphabet Inc (NASDAQ:GOOG, NASDAQ:GOOGL) and Wynn Resorts, Limited (NASDAQ:WYNN).

Here’s what you need to know:

Amazon.com, Inc. (AMZN)

Amazon posted its quarterly earnings report after the bell Thursday.

The company earned $1.78 a share over the course of its second quarter, compared to the $1.11 a share that Wall Street projected.

Additionally, the e-commerce retailer posted revenue of $30.4 billion over the three-month period, surpassing the projection by $900 million.

The company has reported profits over its last five quarters, but it is unclear what Amazon will invest its money in now. The website appears to have more money than it can spend, with its most recent investment designed to build 18 new warehouses

AMZN stock rose 2% after hours.

Alphabet Inc (GOOG, GOOGL)

Alphabet also had an earnings report to release yesterday.

Consolidated revenue for the tech juggernaut amounted to $21.5 billion, which is better than the $20.76 billion that analysts expected.

Additionally, earnings totaled $8.42 a share, which is 38 cents per share higher than the $8.04 that analysts predicted.

Ad revenue rose 19.5% year-to-year to $19.14 billion. Alphabet’s Other Bets segment — which includes Google Fiber, Nest and self-driving cars — increased 150% to $185 million.

GOOG stock rose 3.9% after the bell, while GOOGL stock grew 4.1%.

Wynn Resorts, Limited (WYNN)

Wynn Resorts also reported second-quarter results that topped the consensus estimate.

Analysts had hoped for earnings of 69 cents a share, which is 13 cents higher than the 56 cents from last year.

Meanwhile, revenue experienced a $20 million increase year-to-year at $1.06 billion. This figure is higher than the $1.02 billion that was expected by Thomson Reuters.

WYNN shares fell 6.1% after hours Thursday.

As of this writing, Karl Utermohlen did not hold a position in any of the aforementioned securities.

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Article printed from InvestorPlace Media, https://investorplace.com/2016/07/3-stocks-watch-friday-amazon-com-inc-amzn-alphabet-inc-googgoogl-wynn-resorts-limited-wynn/.

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