Amazon Drops As Wells Fargo Downgrades Stock on Slowing Growth Expectations, Walmart Competition

THOMSON REUTERS10-07

Amazon.com shares drop 1.8% premarket.The good times for Amazon may be over for now, according to Wells Fargo. Analyst Ken Gawrelski downgraded the e-commerce giant to equal weight from overweight. ...

Source Link
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

  • Merdeka1981
    10-07
    Merdeka1981
    I'm sure this analyst is buying amazon behind the scenes. I'm sure amazon will prove all these nonsensical news wrong in no time.
  • romanc9
    10-07
    romanc9
    Beware of what they said. Especially nearing the earning at the end of Oct 24. They might want to push down the stock in order to buy. Said whatever they like but the company coming earning will still be profitable. Whether us more or less but not losing money.  So what is the reason to sell short? Not forgetting recent short sellers got burned when the market head north.  If you have extract cash buy some, if price go down by 5 or 10%, maybe average. Has to be a long foresight. Those who bought earlier, only have good profit then sell. Those have weak hand don't touch. 
Leave a comment
2
2