Several stocks are opening higher but it isn’t enough to move the major markets, which are being dragged down by China’s lowered manufacturing report. The Nasdaq is up by 12 points to 5,159 thanks to Amazon, while the S&P 500 and the Dow Jones are flat.

Amazon is running 21 percent higher to trade at $583 after delivering a profitable quarter following yesterday’s market close. For the second quarter, Amazon reported earning 19 cents per share on revenue of $23.18 billion. Analysts were way off with their expectations of a loss of 14 cents on revenues of $22.39 billion. The big surprise was the profit. For years, the big gripe about Amazon was that they could bring in the sales, but they lost money doing it. By earning 19 cents a share, Amazon turned in a $92 million profit. Amazon also gave guidance for the third quarter expecting revenue of $23.3 billion to $25.5 billion or an increase of 13 to 24 percent year-over-year.

The ath-leisure trend is paying off for VF Corp., giving the company a nice boost to the second quarter and pushing the stock higher in early trading. The apparel brand reported earnings of 38 cents a share, beating the Capital IQ consensus’ 36 cents. Revenues rose 4.7 percent to $2.48 billion, also higher than the estimated $2.46 billion. The outdoor and action sports group was up 16 percent, with the Vans brand up 23 percent and the North Face brand increasing 10 percent. Even Timberland was up 10 percent. Jeanswear looks to be making a comeback with revenue up 4 percent in the group. The weak spot was contemporary brands where the revenue was down 5 percent. Guidance is unchanged, but jeans are expected to increase. VF stock is up almost 2 percent to trade at $76.00.

Mall owner Simon Property Group also filed its second-quarter earnings of $2.41 per share, beating the Capital IQ Consensus estimate of $2.38. Revenues rose 14.1 percent to $1.35 billion year-over-year, also better than the expectations of $1.24 billion. Simon’s base minimum rent rose to $48.07 per square foot in the second quarter from $45.83 for the same period last year. During the quarter Simon completed the expansion of Las Vegas North Premium Outlets, one of the most productive malls in North America. Construction continues on three new Premium outlets to open in 2015 and construction begins on two new projects in Texas and Ohio. Simon also discussed the new joint venture with Sears. The company also raised the guidance for the full year and now expects net income to be in the range of $5.47 to $5.52 cents per share.

Visa also came in with its second-quarter results after the market closed on Thursday. Visa stock was up over 7 percent in early trading after beating earnings estimates. Analysts expected earnings of 59 cents a share and instead got 74 cents a share. Revenue was estimated to be $3.36 billion, but was $3.5 billion. Payment volume jumped 11 percent to $1.2 trillion. Visa reaffirmed its guidance and expects free cash flow of $6 billion for the full year.

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