Thursday’s First Moves: AMZN Conviction List Add, MSFT PT Hike, ACN Surges

5050 as market breath is now somewhat mixed here tod as we take a look here at. That's the big picture. We want to also look a specific names and first moves after t open. Joining me for this, Diane King Hall is with me. And we'll starth the center's rally after the earnings. It's number one here in the up 19.5%. Yeah Accenture rallying out the gate. It's a win that it needed given how shad performed year to date coming into its recent earnings beat ctations o. Revenue increasing 6% to more than 18.6 bi The street was looking for a touch above 18 billion, so that was better than expected. It beat expectations on both the top and bottom line for Accenture here in terms of earnings. Earnings coming in at 3.29 per share. The Street was looking for 318. That's so the numbers not just better than expected. It's higher from the same time a year ago. A year ago that figure was 225. Revenue se across every geograph market and industry group. was strength in particular in communications, media and technology. Not surprised to see that with technology. So the suggests that demand is beyond just a handful of clients in one strong region here. New bookings. That's obviously an can turn over for the future. That rose 4% to 22.17 billion. So an increase there. It' nice to see that. And obviously investors like that number with shares rallying mohan 19.5% right now in terms of the outlook they're expecting ued growth with some measured expectations. the outlook obviously enough for investors to, you know, be very interested in Accenture from here. Accenture predicting fiscal 2027 revenue growth of 3 to 6% local currency. So that removes the effect of exchange rate changes. Full year earnings guidance. They'reguidia share. First quarter revenue they're guiding for 18.95 to 19.6 billion. So the quarter beat expectations are earnings outlook. Obviously what analysts like in terms ofrgely h expectat But investors obviously like the opportunity from here AI they talt the potential opportunity for consulting. They help put AI to with regard to their both safeguards here, theirting corporate relationships, tech expertise, position it to capture theing in AI. That's one of the things that's happening there. It's an encouraging sign when we look across the business in general otherovers that we've seen move in tandem to thiss Cognizant and Infos Yeah, really jumping on the strong earnings, the n and been on an upswing since the $118 low not that long ago. Let's turn our attention over t Amazon. And we saw Goldman Sachs with some positive comments here. Indeed add to its conviction list. So it makes some additions. It takes some things out. are seeing shares move higher, watching some gains overall in the techcs haven't actuallyh of the mags haven't were in the green today. Whether we're talking about Amazon, Nvidia, Microsoft, Apple, alphabet,gle for a variety of reasons, getting to Amazon again, Goldman adding its to its conviction list o most preferred stocks here. Most analysts actua have a buy rating on Amazon. More than 90% of analysts have bullish views around this one. In fac 95%. So getting this additional boost though, from G s certainly helps. They've got a . So that indicates some significant upside from here. More than 40% upside yesterday's closing levels.n terms of who else they added to their conviction list, they've added Burlington stores. Tha quite the run. Recently. It's been a part of the value story. They've added Huntington Ingalls, Johnson Con and Occidental Petroleum to list. They have removed a products and chemicals ConocoPhillips, Tyson Foods from theirviction list. So there's been some additions and then those who have been pushed out. All right. Last but not least, Microsoft, we're going be with Wayne Kaufman later in the show. And you have some news as well. Yeah. Among the gai today, those shares rallying more than% right now, Wells rgo l ideas list their fourth quarter tacticaldeas list. So we kick off the final quarter of the year today with some conviction around t market and individual names. The analysts there maintaining an overweight target to 725. The bullish case centers o Microsoft's AI business its November Ignite conference, so it sees that as a potential catalyst. There, they see Microsoft participating across every layer of the AI stack, whether we're talking about cloud infrastructure to the applications that people use at work.ilot, a lot of companies use copilot now, and the question i quickly can they turn that into faster e? Obviously, Wells Fargo is a believer here. They see a more clear view of Azure from here. That's obviously been a catalyst for Microsoft.icole, Microsoft, they point out planning to move from three nessy see that, as, you know, kind of just I guess, a cleook and giving a cleaner look into Azure revenue in terms of dollars. Next, catalyst November's Ignite conference is what it sees. All right. Well it's loo good so