Huge Silver Linings Underneath Amazon and Apple Earnings "Disappointments"
Shareholders in Apple (NASDAQ: AAPL) and Amazon.com (NASDAQ: AMZN) didn't have a great earnings season, as both companies fell around 2% the day after their respective third quarter reports. Those drops also came on the heels of year-to-date underperformance from each stock relative to the S&P 500 -- a rare off year for each.
So have these two juggernauts run out of steam? Not likely. In fact, both stocks were down much more immediately after the reports before recovering some of Friday's losses. That's probably because as investors dove into the details around each report, they were likely to find a big silver lining for each.
Amazon's cloud computing strength helped offset retail weakness. Image source: Getty Images.
Source Fool.com
