Amazon Drops, First Solar Falls, Bank of America Down After HSBC Cut
Stock Movers8 Jul 2025

Amazon Drops, First Solar Falls, Bank of America Down After HSBC Cut

On this episode of Stock Movers:
- Amazon (AMZN) shares are down. It's Amazon Prime Day. Adobe analyst Vivek Pandya says price drops in apparel, electronics and TVs are expected to be the deepest; Adobe expects Amazon and other US retailers to generate $23.8 billion in online sales during event.
- First Solar (FSLR) shares drop. President Donald Trump called for new rules that would restrict access to tax incentives for solar and wind projects in an executive order on Monday.
- Bank of America (BAC) shares fall after it was cut to hold from buy at HSBC. Analysts cited valuations are “increasingly stretched” after a rally in the banks’ stocks.

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