Market Movers rounded up the best reactions from investors and analysts on Amazon ‘s earnings report, which beat estimates on the top and bottom lines. The experts, including Jim Cramer , discussed the megacap tech giant’s outlook in the wake of the first-quarter report on Thursday. Shares of the stock rallied initially in Thursday’s extended session, but then reversed course. By Friday’s close, the stock lost 4% as investors reacted to Amazon’s expectation that Amazon Web Services cloud growth will slow. Amazon is currently held in Cramer’s Charitable Trust portfolio.
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