CSX Chugs Right Along

Amazon (Nasdaq: AMZN) will pay $2.5 billion to settle a lawsuit brought by the Federal Trade Commission, alleging the e-commerce giant tricked customers into signing up for Amazon Prime without their consent.

$1 billion will go to the government as a civil penalty, but Amazon will refund its customers only $1.5 billion. That’s a little over one week’s worth of profits for Amazon.com.

With the FTC complaint now put to bed, Amazon stock is rising 0.1% today.

MoffettNathanson analyst Michael Morton says he’s “betting on an underdog” with Chewy Inc. (NYSE: CHWY) stock, and upgrading it to buy. “Chewy is the ecommerce pet industry pure play and the company is fighting alone against the retail giants all battling for their bite of ~$1,700 in annual spend per pet household.”

“Chewy [is] demonstrating an ability to meet or beat consensus forecasts on customer net additions through 2025 and 2026,” adds the analyst, predicting”the volatility on Chewy’s quarterly customer additions should decrease with the company garnering ~30% of the industry’s gross customer additions.”

Chewy stock is up 1.5%.

Also reporting earnings this morning is Accenture (NYSE: ACN). The IT consultant beat earnings by six cents with a $3.03 per share fiscal Q4 2025 profit, and reported better than expected revenue as well — $17.6 billion.

On top of all that, Accenture forecast fiscal 2026 earnings between $13.52 and $13.90, the entire range being well above analyst projections of $12.88. Even so, Accenture stock is down 0.7% in early trading.

The Voo is also now down 0.7%.