Homepage / Technology / Amazon has tumbled 8% from its highs. Should you buy?
Jogue Por Dinheiro Actual Em Cassino Onlin Bonver Casino Cz Hrací Automaty S Bonusem Zdarm Magazyn Żużel Speedway W Polsce I Na Świeci Zakłady Sportowe Online Autógrafo Bukmacherska 1xbe “Pin-up O Melhor Cassino Do Brasil Web Site Oficial ᐈ Jogar Caça-níquei Zakłady Sportowe Online Obstawiaj U Bukmachera Gg Be What Industries Use Virtual Data Room? Advantages of a Data Room What Does a Board Room Provider Do? Data Room Analysis for Venture Capital Funding The Importance of Board Reporting Software Safe Uploading and Downloading Business Files How to Select the Best Board Management Software How to Organize the Work of a Company “gerçek Parayla En Iyi Slot Makineleri Ve Spor Bahisler Which is the Best Podcast For Stock Market Beginners? Virtual Data Room Facts How to Protect Confidential Documents for Boards Advantages of Online Meetings Business Issues to Consider When Choosing a Data Room Provider What Is a Data Room? Virtual Board Room Software Due Diligence Risk Factors How to Choose a Reliable Tool for Data Exchange test Users535352253 Board Software and VDR Programs Business Operations Management Software Keep Data Safe and Protect Your Business Data How to Conduct a Board Self-Assessment Uncomplicated Ways to Simplify Daily Business Transactions Due Diligence Blog Digital Data Rooms for the Netherlands The New Era of Business Software and Reporting What Types of Businesses Use VDR Software? Ma Analysis Mistakes The Corporate Governance Role Board Room Apps Secure Board Management With Secure Board Portals What Happens at Board of Directors Meetings? Board Room Software Review How to Prepare Board Rooms for Effective Board Meetings Board Room Software Boosts Performance and Communication Selecting a Secure Data Room Review Local Data Room Service Review How to Find the Best Virtual Data Room Review What to Look for in a Data Room uk Provider Document Storage and Distribution Software Everything About VDRs Corporate Software Advantages How to Choose a Virtual Data Room Provider The Most Secure Way to Transfer Files How to Manage Online Board Meetings Benefits Virtual Data Room Solutions – Must-Haves for M&A and Due Diligence Best Data Room Functions for the Different Types of Industries How to Choose a VDR Software Provider How to Choose an Online Board Portal The Benefits of a Boardroom Review Board Room Online Solutions – How to Get the Most Out of Your Board Meetings Why You Need a Board Room How a Board Room Blog Can Transform Your Business Choosing the Best Board Room Format How to Have Productive and Engaging Board Directors Meetings Choosing the Right Virtual Data Room How to Keep Safe Documents Storage Teaching Kids About Online Safety Avoid Costly Mistakes With Free Data Room Services Corporate Virtual Data Unlimited Data Room Software For Due Diligence Leading Business Software Features to Look For Secure Online Data Rooms Solutions How to Keep Share, Edit and Delete Your Data Safe Virtual Data Room Software Secrets for M&A Due Diligence What to Look For in Boardroom Providers Board of Directors Blog Posts How to Deliver Value at Your Board Meetings How to Have Effective Board Meetings Responsibilities of Board Members Deal Management – How to Effectively Manage a Complex Sales Pipeline Data Rooms For Mergers And Acquisitions How to Have a Successful Board Room Meeting Choosing a Board Room Service Provider What is a Board Room Service? Board Room Software Review – Choosing the Best Portal for Mother Board Meetings Why a Board Room Providers Review Is Important What Is a Board Room Review? Venture Software for VC Firms What Is an Assessment Report? The Importance of a Tech Audit Popular Business Applications What to Look For in a Data Room App What Are Business Applications? How to Choose a Virtual Data Room How to Plan a Data Room Review Coronavirus Guide What is a Virtual Data Room? What Is Data Science? What Is an Operating System? Turbotax Small Business Review How Online VDRs Are Used in M&A Deals


Amazon has tumbled 8% from its highs. Should you buy?

One of the hottest stocks in the S&P 500 is in a rare and sudden slump.

Shares of Amazon have fallen more than 8 percent since its earnings miss in the last week of July, the very same week the now-$994 stock rose to an all-time high of $1083.31. That’s the biggest pullback since last October, leaving investors with a simple yet somewhat complicated question: do you buy it?

“Right now, most consensus targets for Amazon are about 15 percent to 16 percent higher than what it is trading now, so there is definitely room for upside. And we can’t argue with the kind of earnings growth that we are expecting this year and the year after,” Erin Gibbs, portfolio manager at S&P Global, said Friday on CNBC’s “Trading Nation.”

Gibbs’ bullish outlook is due in part to the company’s execution of its “Prime Day” last month, when it posted sales that handily beat expectations.

“If you are going to pay triple-digit earnings valuations, so clearly this is not a value stock, even if it is trading at a little bit of a discount right now. It is definitely growth, but when we are looking at 130 percent earnings growth for next year … they’re still hitting their targets; we still see this as a safe bet,” Gibbs added.

Though in the short-term the stock may suffer, said Gina Sanchez, CEO of Chantico Global, the long-term story still appears positive.

“They definitely have a lot of room to grow. And if you look at the way the economy continues to go, I think that that plays into the hands of Amazon, who has been massively taking share in the retail space,” Sanchez said Friday on “Trading Nation.”

In the long term, she said part of the stock’s fate lies in how some large investments that the company has made will pan out. Amazon announced last month that it was buying Whole Foods for $13.7 billion, marking its largest acquisition ever should the deal close.

In another sign of expansion, CNBC reported in July that the company was making strides in the health-care space with a new, so-called stealth team dedicated to such efforts.

If investors are thinking strictly in the short term, Sanchez said, “you might not be very excited about buying Amazon today, at this price. But if you are willing to sit this through, there is definitely more room to grow in this story.”

Disclosure: Erin Gibbs does not personally own shares of Amazon, nor does her family, but a portfolio she manages holds it.

Source: Tech CNBC
Amazon has tumbled 8% from its highs. Should you buy?

Comments are closed.