Amazon delivers on cloud computing profits, Infosys drops on outlook

Time for your daily dose of trending tickers, the stocks you're following based on your Yahoo Finance ticker searches.

Amazon
Amazon (AMZN) hit new highs as shares jumped more than 15%. Investors continued to buy into the e-commerce giant's Q1 results. Amazon posted a loss of $0.12 a share, that's less than what the street was expecting. But the big news was a 15% jump in revenue, helped by its secretive cloud computing business which saw a nearly 50% gain.

Get the Latest Market Data and News with the Yahoo Finance App

Infosys
Ironically, advances in technology are being blamed for weakness at an IT company.
Shares of Infosys (INFY) tumbled over 6% after the company’s growth forecast missed estimates with the India-based FIRM blaming structural changes such as increased automation –for the weakness.
The company also cited a global slowdown as another headwind. Worldwide spending on information-technology services is projected to shrink about a half a percent this year,  according to Gartner.

Vale
Who knew bulls were into heavy metal? Shares of Vale (VALE), a Brazil based metal and mining company popped 10% after management said it was ramping up production of iron ore, as well as nickel and copper. Although results appear to be a positive referendum on global growth the sharp gains were also due to short covering as investors who bet against the stock covered their positions.

More from Yahoo Finance

Apple earnings preview: The iPhone metric that moves stock

Amazon hits new high; Google, Microsoft and Starbucks zoom higher

How your financial adviser may be ripping you off