Baba splitting into 6 units is

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Tongdadd
2023-08-25

Baba splitting into 6 units is actually good news.

Dump These 4 Growth Stocks, Buy These 3 Instead

While it might be difficult to determine the direction of the overall market for the remainder of the year, it is clear to see which stocks are gaining ground and which ones are falling behind in the current environment.

Dump These 4 Growth Stocks, Buy These 3 Instead

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{"i18n":{"language":"en_US"},"data":{"magic":2,"id":212691061489816,"tweetId":"212691061489816","gmtCreate":1692966463074,"gmtModify":1692966467933,"author":{"id":3563665738915585,"authorId":3563665738915585,"authorIdStr":"3563665738915585","name":"Tongdadd","avatar":"https://static.tigerbbs.com/79e519b2023d6e7e3b68e295f81f3e8e","vip":1,"userType":1,"introduction":"","boolIsFan":false,"boolIsHead":false,"crmLevel":5,"crmLevelSwitch":1,"currentWearingBadge":{"badgeId":"1f541396f99840fb977d0ab0ce343c94-1","templateUuid":"1f541396f99840fb977d0ab0ce343c94","name":"Weekly Top Contributor","description":"Contributors with best Editor's Picks every week","bigImgUrl":"https://static.tigerbbs.com/271475ceaf67d40016c8cfa16c08c8b3","smallImgUrl":"https://static.tigerbbs.com/5a6336061b9ba82ba9177c7ec476f5f2","redirectLinkEnabled":1,"redirectLink":"https://ttm.financial/TW/9000980585","hasAllocated":1,"isWearing":1,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2023.06.26","individualDisplayEnabled":0},"individualDisplayBadges":[],"starInvestorFlag":false},"themes":[],"images":[],"coverImages":[],"html":"<html><head></head><body><p>Baba splitting into 6 units is actually good news.&nbsp;</p></body></html>","htmlText":"<html><head></head><body><p>Baba splitting into 6 units is actually good news.&nbsp;</p></body></html>","text":"Baba splitting into 6 units is actually good news.","highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"favoriteSize":0,"link":"https://ttm.financial/post/212691061489816","repostId":2362484991,"repostType":2,"repost":{"id":"2362484991","pubTimestamp":1692964027,"share":"https://www.laohu8.com/m/news/2362484991?lang=&edition=full","pubTime":"2023-08-25 19:47","market":"us","language":"en","title":"Dump These 4 Growth Stocks, Buy These 3 Instead","url":"https://stock-news.laohu8.com/highlight/detail?id=2362484991","media":"InvestorPlace","summary":"While it might be difficult to determine the direction of the overall market for the remainder of the year, it is clear to see which stocks are gaining ground and which ones are falling behind in the current environment.","content":"<html><head></head><body><ul><li><p><strong>Foot Locker</strong> (<strong><u>FL</u></strong>): The retailer’s stock fell 30% on poor Q2 results and news that it suspended its dividend.</p></li><li><p><strong>Alibaba</strong> (<strong><u>BABA</u></strong>): The Chinese tech giant is vulnerable as the economy in its home country goes into a correction.</p></li><li><p><strong>Starbucks</strong> (<strong><u>SBUX</u></strong>): Declining sales are a growing worry at the coffee chain.</p></li></ul><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/91ecbb12fc2a4173ccc5331b45fc4be9\" title=\"\" tg-width=\"768\" tg-height=\"432\"/></p><p>Source: 3rdtimeluckystudio / Shutterstock</p><p>August has been a volatile month for the stock market. Corporate earnings, a rise in bond yields, and a deepening economic correction in China have conspired to send all three major U.S. indices down about 3% over the past month. Amid the downturn, there are still some clear winners among the top growth stocks to buy, and clear losers among the top growth stocks to sell.</p><p>With the market rally taking a breather, now is an opportune time for investors to review their portfolios and make tweaks and adjustments to ensure that they maximize their growth potential. With that in mind, dump these four growth stocks, and consider buying the ones that follow.</p><h2 id=\"id_3502923127\">Growth Stocks to Sell: Foot Locker (FL)</h2><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/03506231cd053a7b68b9da86a5d75b77\" title=\"\" tg-width=\"300\" tg-height=\"169\"/></p><p>Source: shutterstock.com/philip openshaw</p><p>On the day of this writing, shares of <strong>Foot Locker</strong> (NYSE:<strong>FL</strong>) are down 30% after the retailer suspended its quarterly dividend and announced disappointing second-quarter financial results. Specifically, Foot Locker announced earnings per share of four cents, which matched analysts’ forecasts. Revenue in Q2 came in at $1.86 billion compared to $1.88 billion that was expected. The Q2 revenue was down 10% from $2.07 billion a year earlier. FL stock is now down 56% on the year.</p><p>Foot Locker also lowered its outlook for the second time this year, saying consumers are not spending as much. The company now expects sales to decline 8% to 9% for all of this year, compared to a previous forecast of down 6.5% to 8%. Full-year earnings guidance was cut to $1.30 to $1.50 per share, down from $2 to $2.25 previously. Worse, Foot Locker suspended its quarterly dividend of 40 cents a share, making this a growth stock to now sell.</p><h2 id=\"id_858852973\">Alibaba (BABA)</h2><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/8351aeb723eb679fbaa8f80e4b2bddd5\" title=\"\" tg-width=\"300\" tg-height=\"169\"/></p><p>Source: zhu difeng / Shutterstock.com</p><p>Chinese e-commerce giant <strong>Alibaba’s</strong> (NYSE:<strong>BABA</strong>) Q2 print wasn’t the disaster that Foot Locker experienced. Instead, Alibaba managed to beat Wall Street forecasts for its Q2 financial results, announcing that its revenue grew by 14% year-over-year to 234.16 billion Chinese yuan ($32.29 billion U.S.). Analysts expected 224.92 billion yuan. Net income came in at 34.33 billion Chinese yuan, which was better than the 28.66 billion yuan that was forecast — an increase of 51% from a year earlier.</p><p>Despite the Q2 earnings beat, BABA slid 6% lower over the last month and is down nearly 50% over the past five years, making this chronic under-performer a growth stock to sell. The main problem currently facing Alibaba is the slowing Chinese economy. Plus, Alibaba is undergoing some big changes with a CEO shuffle and plans to split into six separate business units.</p><h2 id=\"id_3961501726\">Starbucks (SBUX)</h2><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/1ad063c551f66251b95bc10bc3a3d316\" title=\"\" tg-width=\"300\" tg-height=\"169\"/></p><p>Source: monticello / Shutterstock.com</p><p>Coffee chain <strong>Starbucks</strong> (NASDAQ:<strong>SBUX</strong>) might be headquartered in Seattle, but it’s heavily exposed to the Chinese market, presenting a risk to its future sales and earnings. For Q2 of this year, Starbucks reported mixed financial results, posting EPS of $1 versus 95 cents that had been expected on Wall Street. The company’s revenue fell short of consensus forecasts at $9.17 billion compared to $9.29 billion that was anticipated. Same-store sales grew 10% in Q2, falling short of estimates for 11% growth.</p><p>Starbucks reaffirmed its 2023 outlook, forecasting revenue growth of 10% to 12%. The company raised its EPS growth estimate to 16% to 17% from the low end of 15% to 20%. The company also reported that its Q2 operating margin expanded to 17.3% from 15.9% a year ago, driven by improvements in productivity and higher prices. Moving forward, Starbucks remains vulnerable to a deteriorating Chinese economy. Should the U.S. enter a recession, it would be a double whammy for the company. SBUX stock is down 6% so far in 2023.</p><h2 id=\"id_3907011182\">Airbnb (ABNB)</h2><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/b565d94c032845c88efa5599fcffc9af\" title=\"\" tg-width=\"300\" tg-height=\"169\"/></p><p>Source: Diego Thomazini / Shutterstock</p><p>Since announcing its Q2 results in early August, shares of <strong>Airbnb</strong> (NASDAQ:<strong>ABNB</strong>) have declined 16%. While travel is rebounding, Airbnb is seeing slumping demand among consumers. Many of whom continue to struggle with inflation. Airbnb reported EPS of 98 cents compared to 78 cents expected on Wall Street. Revenue in Q2 totaled $2.48 billion versus $2.42 billion which was forecast by analysts.</p><p>Despite the earnings beat, Airbnb’s stock fell 6% immediately after the Q2 print. Not helping, the company also reported 115.1 million nights and experiences booked during Q2, which was less than the 117.6 million forecast. Gross booking value per night came in at $166.01, up only 1% from a year earlier. In terms of forward guidance, Airbnb said it expects $3.3 billion to $3.4 billion in current third-quarter revenue or 14% to 18% growth. Analysts were looking for $3.22 billion in Q3 sales.</p><h2 id=\"id_802356310\">Growth Stocks to Buy: <a href=\"https://laohu8.com/S/PANW\">Palo Alto Networks</a> (PANW)</h2><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/ce45733a01e0ce794a799f2a4684fd3d\" title=\"\" tg-width=\"300\" tg-height=\"169\"/></p><p>Source: Sundry Photography / Shutterstock.com</p><p>One of the top growth stocks to buy is <strong>Palo Alto Networks </strong>(NASDAQ:<strong>PANW</strong>), which jumped 15% higher after the company issued financial results that exceeded Wall Street forecasts. In its latest quarter, it posted EPS of $1.44, as compared to expectations for $1.28. Revenue in the quarter ended July 31 increased 26% from a year ago to $1.95 billion compared to $1.96 billion that was anticipated.</p><p>While investors anticipated a negative report, Palo Alto Networks allayed those concerns with its strong Q2 print and forward guidance. , Palo Alto Networks also forecast revenue of $1.82 billion to $1.85 billion for the current quarter, as well as full-year sales of $8.15 billion to $8.20 billion. PANW stock has rallied 70% this year.</p><h2 id=\"id_1420097318\">Amazon (AMZN)</h2><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/5d8c777beef9fcbe72151403c6646024\" title=\"\" tg-width=\"300\" tg-height=\"169\"/></p><p>Source: Tada Images / Shutterstock.com</p><p>Another one of the top growth stocks to buy is <strong>Amazon</strong> (NASDAQ:<strong>AMZN</strong>). The company proved to be one of the big winners of Q2 earnings season, with results that crushed Wall Street estimates. Notably, Amazon’s EPS of 65 cents was 85% higher than the 35 cents expected on Wall Street. Revenue in Q2 totaled $134.4 billion versus the $131.5 billion that was anticipated.</p><p>Amazon also beat Q2 forecasts on several key metrics, including Amazon Web Services (AWS), which earned $22.1 billion in revenue during the quarter, greater than the $21.8 billion that Wall Street expected. Advertising across Amazon’s various services and platforms totaled $10.7 billion in the period, which beat consensus forecasts of $10.4 billion. The Q2 results represented Amazon’s biggest earnings beat since the fourth quarter of 2020 and came after aggressive cost-cutting by the company. AMZN stock has gained 58% since January.</p><h2 id=\"id_4193956100\">Microsoft (MSFT)</h2><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/47f6b1c8715f6779c55164dde59413d6\" title=\"\" tg-width=\"300\" tg-height=\"169\"/></p><p>Source: Asif Islam / Shutterstock.com</p><p><strong>Microsoft’s</strong> (NASDAQ:<strong>MSFT</strong>) reported earnings per share of $2.69, which was better than the $2.55 anticipated. Revenue came in at $56.19 billion, as compared to expectations of $55.47 billion. Sadly though, MSFT stock sank 4% on news that the company expects fiscal first-quarter revenue of $53.8 billion to $54.8 billion, which was short of the $54.94 billion expected on Wall Street.</p><p>Despite the disappointing guidance, Microsoft continues to roll out new artificial intelligence products as it builds on its partnership with the privately held company OpenAI. That Microsoft is a clear leader in the AI space should be reason enough for investors to take a position in the stock. However, Microsoft also continues to grow its cloud computing unit, which saw its revenue grow 15% in Q2. It is in the process of finalizing its $68 billion acquisition of video game maker <strong>Activision Blizzard</strong> (NASDAQ:<strong>ATVI</strong>) after winning a key court case.</p><p><em>On the date of publication, Joel Baglole held a long position in MSFT. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines. </em></p><p>Joel Baglole has been a business journalist for 20 years. He spent five years as a staff reporter at The Wall Street Journal, and has also written for The Washington Post and Toronto Star newspapers, as well as financial websites such as The Motley Fool and Investopedia.</p></body></html>","source":"investorplace_stock_picks","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Dump These 4 Growth Stocks, Buy These 3 Instead</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nDump These 4 Growth Stocks, Buy These 3 Instead\n</h2>\n\n<h4 class=\"meta\">\n\n\n2023-08-25 19:47 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://investorplace.com/2023/08/dump-these-4-growth-stocks-buy-these-3-instead/><strong>InvestorPlace</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Foot Locker (FL): The retailer’s stock fell 30% on poor Q2 results and news that it suspended its dividend.Alibaba (BABA): The Chinese tech giant is vulnerable as the economy in its home country goes ...</p>\n\n<a href=\"https://investorplace.com/2023/08/dump-these-4-growth-stocks-buy-these-3-instead/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BK4561":"索罗斯持仓","PANW":"Palo Alto Networks","IE00BLSP4239.USD":"Legg Mason ClearBridge - Tactical Dividend Income A Mdis USD Plus","BK4560":"网络安全概念","LU0251143458.SGD":"Fidelity Emerging Markets A-SGD","SBUX":"星巴克","LU1974910355.USD":"Allianz Thematica Cl AMg DIS USD","LU0238689110.USD":"贝莱德环球动力股票基金","09988":"阿里巴巴-SW","LU0234570918.USD":"高盛全球核心股票组合Acc Close","AMZN":"亚马逊","LU0170899867.USD":"EASTSPRING INVESTMENTS WORLD VALUE EQUITY  \"A\" (USD) ACC","BK4142":"酒店、度假村与豪华游轮","LU0072462426.USD":"贝莱德全球配置 A2","LU0053666078.USD":"摩根大通基金-美国股票A（离岸）美元","LU0642271901.SGD":"Janus Henderson Horizon Global Technology Leaders A2 SGD-H","LU0052756011.USD":"TEMPLETON GLOBAL BALANCED \"A\" (USD) INC","ATVI":"动视暴雪","LU2106854487.HKD":"ALLIANZ THEMATICA \"AMG\" (HKD) INC","LU0082616367.USD":"摩根大通美国科技A（dist）","LU0056508442.USD":"贝莱德世界科技基金A2","LU0208291251.USD":"FRANKLIN MUTUAL U.S. VALUE \"A\" (USD) INC","LU0080751232.USD":"富达环球多元动力基金A","LU2023250843.SGD":"Allianz Thematica Cl AT Acc H2-SGD","BK4592":"伊斯兰概念","IE00BBT3K403.USD":"LEGG MASON CLEARBRIDGE TACTICAL DIVIDEND INCOME \"A(USD) ACC","LU0128525689.USD":"TEMPLETON GLOBAL BALANCED \"A\"(USD) ACC","LU0234572021.USD":"高盛美国核心股票组合Acc","FL":"富乐客","MSFT":"微软","LU0353189763.USD":"ALLSPRING  US ALL CAP GROWTH FUND \"I\" (USD) ACC","BABA":"阿里巴巴","IE00BZ1G4Q59.USD":"LEGG MASON CLEARBRIDGE US EQUITY SUSTAINABILITY LEADER \"A\"(USD) INC (A)","LU0320765489.SGD":"FTIF - Franklin Mutual US Value A Acc SGD","LU1048596156.SGD":"Blackrock Asian Growth Leaders A2 SGD-H","LU0821914370.USD":"贝莱德亚洲成长领袖A2","ABNB":"爱彼迎","LU0158827948.USD":"ALLIANZ GLOBAL SUSTAINABILITY \"A\" (USD) INC","LU0198837287.USD":"UBS (LUX) EQUITY SICAV - USA GROWTH \"P\" (USD) ACC","IE0009356076.USD":"JANUS HENDERSON GLOBAL TECHNOLOGY AND INNOVATION \"A2\" (USD) ACC","LU1880383366.USD":"东方汇理中国股票基金 A2 (C)"},"source_url":"https://investorplace.com/2023/08/dump-these-4-growth-stocks-buy-these-3-instead/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2362484991","content_text":"Foot Locker (FL): The retailer’s stock fell 30% on poor Q2 results and news that it suspended its dividend.Alibaba (BABA): The Chinese tech giant is vulnerable as the economy in its home country goes into a correction.Starbucks (SBUX): Declining sales are a growing worry at the coffee chain.Source: 3rdtimeluckystudio / ShutterstockAugust has been a volatile month for the stock market. Corporate earnings, a rise in bond yields, and a deepening economic correction in China have conspired to send all three major U.S. indices down about 3% over the past month. Amid the downturn, there are still some clear winners among the top growth stocks to buy, and clear losers among the top growth stocks to sell.With the market rally taking a breather, now is an opportune time for investors to review their portfolios and make tweaks and adjustments to ensure that they maximize their growth potential. With that in mind, dump these four growth stocks, and consider buying the ones that follow.Growth Stocks to Sell: Foot Locker (FL)Source: shutterstock.com/philip openshawOn the day of this writing, shares of Foot Locker (NYSE:FL) are down 30% after the retailer suspended its quarterly dividend and announced disappointing second-quarter financial results. Specifically, Foot Locker announced earnings per share of four cents, which matched analysts’ forecasts. Revenue in Q2 came in at $1.86 billion compared to $1.88 billion that was expected. The Q2 revenue was down 10% from $2.07 billion a year earlier. FL stock is now down 56% on the year.Foot Locker also lowered its outlook for the second time this year, saying consumers are not spending as much. The company now expects sales to decline 8% to 9% for all of this year, compared to a previous forecast of down 6.5% to 8%. Full-year earnings guidance was cut to $1.30 to $1.50 per share, down from $2 to $2.25 previously. Worse, Foot Locker suspended its quarterly dividend of 40 cents a share, making this a growth stock to now sell.Alibaba (BABA)Source: zhu difeng / Shutterstock.comChinese e-commerce giant Alibaba’s (NYSE:BABA) Q2 print wasn’t the disaster that Foot Locker experienced. Instead, Alibaba managed to beat Wall Street forecasts for its Q2 financial results, announcing that its revenue grew by 14% year-over-year to 234.16 billion Chinese yuan ($32.29 billion U.S.). Analysts expected 224.92 billion yuan. Net income came in at 34.33 billion Chinese yuan, which was better than the 28.66 billion yuan that was forecast — an increase of 51% from a year earlier.Despite the Q2 earnings beat, BABA slid 6% lower over the last month and is down nearly 50% over the past five years, making this chronic under-performer a growth stock to sell. The main problem currently facing Alibaba is the slowing Chinese economy. Plus, Alibaba is undergoing some big changes with a CEO shuffle and plans to split into six separate business units.Starbucks (SBUX)Source: monticello / Shutterstock.comCoffee chain Starbucks (NASDAQ:SBUX) might be headquartered in Seattle, but it’s heavily exposed to the Chinese market, presenting a risk to its future sales and earnings. For Q2 of this year, Starbucks reported mixed financial results, posting EPS of $1 versus 95 cents that had been expected on Wall Street. The company’s revenue fell short of consensus forecasts at $9.17 billion compared to $9.29 billion that was anticipated. Same-store sales grew 10% in Q2, falling short of estimates for 11% growth.Starbucks reaffirmed its 2023 outlook, forecasting revenue growth of 10% to 12%. The company raised its EPS growth estimate to 16% to 17% from the low end of 15% to 20%. The company also reported that its Q2 operating margin expanded to 17.3% from 15.9% a year ago, driven by improvements in productivity and higher prices. Moving forward, Starbucks remains vulnerable to a deteriorating Chinese economy. Should the U.S. enter a recession, it would be a double whammy for the company. SBUX stock is down 6% so far in 2023.Airbnb (ABNB)Source: Diego Thomazini / ShutterstockSince announcing its Q2 results in early August, shares of Airbnb (NASDAQ:ABNB) have declined 16%. While travel is rebounding, Airbnb is seeing slumping demand among consumers. Many of whom continue to struggle with inflation. Airbnb reported EPS of 98 cents compared to 78 cents expected on Wall Street. Revenue in Q2 totaled $2.48 billion versus $2.42 billion which was forecast by analysts.Despite the earnings beat, Airbnb’s stock fell 6% immediately after the Q2 print. Not helping, the company also reported 115.1 million nights and experiences booked during Q2, which was less than the 117.6 million forecast. Gross booking value per night came in at $166.01, up only 1% from a year earlier. In terms of forward guidance, Airbnb said it expects $3.3 billion to $3.4 billion in current third-quarter revenue or 14% to 18% growth. Analysts were looking for $3.22 billion in Q3 sales.Growth Stocks to Buy: Palo Alto Networks (PANW)Source: Sundry Photography / Shutterstock.comOne of the top growth stocks to buy is Palo Alto Networks (NASDAQ:PANW), which jumped 15% higher after the company issued financial results that exceeded Wall Street forecasts. In its latest quarter, it posted EPS of $1.44, as compared to expectations for $1.28. Revenue in the quarter ended July 31 increased 26% from a year ago to $1.95 billion compared to $1.96 billion that was anticipated.While investors anticipated a negative report, Palo Alto Networks allayed those concerns with its strong Q2 print and forward guidance. , Palo Alto Networks also forecast revenue of $1.82 billion to $1.85 billion for the current quarter, as well as full-year sales of $8.15 billion to $8.20 billion. PANW stock has rallied 70% this year.Amazon (AMZN)Source: Tada Images / Shutterstock.comAnother one of the top growth stocks to buy is Amazon (NASDAQ:AMZN). The company proved to be one of the big winners of Q2 earnings season, with results that crushed Wall Street estimates. Notably, Amazon’s EPS of 65 cents was 85% higher than the 35 cents expected on Wall Street. Revenue in Q2 totaled $134.4 billion versus the $131.5 billion that was anticipated.Amazon also beat Q2 forecasts on several key metrics, including Amazon Web Services (AWS), which earned $22.1 billion in revenue during the quarter, greater than the $21.8 billion that Wall Street expected. Advertising across Amazon’s various services and platforms totaled $10.7 billion in the period, which beat consensus forecasts of $10.4 billion. The Q2 results represented Amazon’s biggest earnings beat since the fourth quarter of 2020 and came after aggressive cost-cutting by the company. AMZN stock has gained 58% since January.Microsoft (MSFT)Source: Asif Islam / Shutterstock.comMicrosoft’s (NASDAQ:MSFT) reported earnings per share of $2.69, which was better than the $2.55 anticipated. Revenue came in at $56.19 billion, as compared to expectations of $55.47 billion. Sadly though, MSFT stock sank 4% on news that the company expects fiscal first-quarter revenue of $53.8 billion to $54.8 billion, which was short of the $54.94 billion expected on Wall Street.Despite the disappointing guidance, Microsoft continues to roll out new artificial intelligence products as it builds on its partnership with the privately held company OpenAI. That Microsoft is a clear leader in the AI space should be reason enough for investors to take a position in the stock. However, Microsoft also continues to grow its cloud computing unit, which saw its revenue grow 15% in Q2. It is in the process of finalizing its $68 billion acquisition of video game maker Activision Blizzard (NASDAQ:ATVI) after winning a key court case.On the date of publication, Joel Baglole held a long position in MSFT. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines. Joel Baglole has been a business journalist for 20 years. He spent five years as a staff reporter at The Wall Street Journal, and has also written for The Washington Post and Toronto Star newspapers, as well as financial websites such as The Motley Fool and Investopedia.","news_type":1},"isVote":1,"tweetType":1,"viewCount":85,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":[],"verified":2,"subType":0,"readableState":1,"langContent":"EN","currentLanguage":"EN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"upFlag":false,"length":42,"xxTargetLangEnum":"ORIG"},"commentList":[],"hasMoreComment":false,"orderType":2}