Amazon, Apple Soar; Autodesk Tanks (AAPL, AMZN, ADSK, CMCSA, NFLX)

By Paul Ausick Published Aug 24, 4:25PM EDT

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Ah, the fortunes of war. Shares of Apple Inc. (NASDAQ: AAPL) are up about 77% over the last 12 months, and the stock posted a new all-time high earlier this week. Amazon.com Inc. (NASDAQ: AMZN) is up about 27% in the past year, and the stock set a new all-time high of nearly $247/share earlier today.

Then there’s Autodesk Inc. (NASDAQ: ADSK). The design software maker actually had been outperforming Amazon until it reported dismal results after markets closed last night. The shares had been up about 35% for the past year until they lost nearly 16% of their value today. Autodesk is looking to cut costs even as its forecast plunged below previous consensus estimates.

Contrast that with Amazon’s latest coup. The company has added programming from Comcast Corp.’s (NASDAQ: CMCSA) NBCUniversal group to the streaming video offerings the company makes to its Amazon Prime members.That deal also hit shares of Netflix Inc. (NASDAQ: NFLX), even though Netflix too announced a new streaming deal with film studio The Weinstein Company.

While Apple and Amazon investors are reaping rewards, Autodesk’s shareholders are looking at at least several quarters of retrenchment and restructuring and all the possible nasty things that can happen during those changes.

Paul Ausick

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About the Author Paul Ausick →

Paul Ausick has been writing for 247Wallst.com for more than a decade. He has written extensively on investing in the energy, defense, and technology sectors. In a previous life, he wrote technical documentation and managed a marketing communications group in Silicon Valley.

He has a bachelor's degree in English from the University of Chicago and now lives in Montana, where he fishes for trout in the summer and stays inside during the winter.