Alistair Barr, Reuters:
Amazon.com Inc shares hit a record on Friday after quarterly results increased optimism about the Internet retailer’s U.S. business.
The company reported a second-quarter net loss and weaker international growth on Thursday. However, its domestic business expanded quickly and profit in the region improved.
Amazon investors are more optimistic than a kid on Christmas Eve who wished for a pony. It’s fascinating how a weak quarter can push share prices so high for one company, while another company’s decent quarter can push prices down. The stock market is fun, isn’t it?