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ICYMI: 2019 Market May Have Legs, Google Earnings Next, Concerns With Amazon

Amazon had a nice quarter, but what does its ambitious spending mean for the future?

Earnings and guidance results in the U.S. ultimately moved the market up more than 1% in the past five days. 

The Dow Jones Industrial I:DJI 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 Parent company Alphabet Inc. (GOOGL) - Get Alphabet Inc. Class A Report 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. 

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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 around 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 2019 was one of the best January's on record. 

Amazon Inc. (AMZN) - Get, Inc. Report 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. (WMT) - Get Walmart Inc. Report on global e-commerce spend, which is still very much on the rise. 

Amazon is Real Money's stock of the day. See more Amazon coverage on Real Money

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