These are the stocks posting the largest moves before the bell.Market Insiderread more
Target beats second-quarter earnings expectations thanks to an increase in traffic and sales. The retailer also boosts its full-year estimates.Retailread more
Bank of America CEO Brian Moynihan is not worried about an economic slowdown as the U.S. consumer is still in a strong place.Banksread more
Corporate debt recently passed the $1 trillion mark in a continuing sign of global financial displacement.Marketsread more
Trump said he has "been thinking about payroll taxes for a long time" — and he cautioned that "whether or not we do something now, it's not being done because of recession."Politicsread more
Fitbit is hoping to shift its business model from relying on hardware sales to selling health plans and governments on software and services.Technologyread more
Lowe's also tops rival Home Depot on same-store sales growth in the U.S.Retailread more
"As long as the trade situation remains fluid, it will present an additional layer of uncertainty and complexity as we plan our business," Target CEO Brian Cornell said.Retailread more
Hedge funds are steering away from battered tech and semiconductor stocks, while bottom-fishing in health care names, according to Goldman Sachs.Marketsread more
President Donald Trump said on Twitter he was postponing a scheduled meeting with Denmark's prime minister because of her lack of interest in discussing a possible sale of...World Politicsread more
Dow to open higher; strong retail earnings; Gundlach says Fed lost control; negative-yielding corporate debt soars; and Trump on payroll tax cutMarketsread more
Amazon is spreading itself too thin, Patrick Moorhead, president and principal analyst at Moor Insights and Strategy, told CNBC on Wednesday.
The e-commerce giant creates technology from e-readers to smart speakers, produces original TV and movie content, dabbles in self-driving cars, and delivers alcohol, groceries and products from third-party sellers on its platform.
The company is also in the final stages of figuring out its strategy to get into the multibillion-dollar prescription drug market in addition to exploring ways to deliver items to your car trunk and the inside of your home.
"I do think Amazon is getting into the danger zone. History is littered with companies who used to be at the top of the Nasdaq who got into areas that really weren't part of their core business," Moorhead told CNBC's "Power Lunch. "
"I really think Amazon is at that point, like these other companies were, thinking that they can do no wrong," he said. "So they really need to watch themselves."
The corporation has had meetings about launching programs to bring more advertisers to its video platforms and make it a stronger competitor against YouTube. Moorhead pinpoints this as Amazon's breaking point.
"They've gone over the top by putting cameras in devices you never would have thought of [to deliver targeted ads]. ... I just think that's a step too far, and it could backfire because Amazon is one of the most trusted consumer brands out there," he said.