• 130
  • 10
  • Favorite

Here's Why a Star Fund Manager Just Sold His Entire Stake in Amazon.Com

Dow Jones2022-01-13

Amazon.com has been a holding for four years in the Blue Whale Growth fund, one of the highest-profile U.K. funds that invests in U.S. companies.

Not any longer. Fund manager Stephen Yui told MarketWatch sister publication Financial News that rising inflation made him uncomfortable with owning Amazon $(AMZN)$. "We've never liked the retail business, and now we like it even less because of the inflation narrative," he said.

The Labor Department on Wednesday reported that consumer prices shot up 7% in the 12 months ending December.

Yiu also said Walmart $(WMT)$ and others have stepped up their e-commerce game due to COVID.

On Amazon's other key business, cloud provider AWS, Yui said the growth potential of Microsoft $(MSFT)$and Alphabet $(GOOGL)$unit Google were higher.

Amazon shares have climbed 6% over the last 52 weeks, underperforming the broader S&P 500 that has gained 24%.

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.

Report

Comment10

  • kenlim45
    ·2022-01-14
    Like
    Reply
    Report
  • NEWBIE
    ·2022-01-14
    Yes a good choice. 
    Reply
    Report
  • 我i168
    ·2022-01-14
    [Cool] 
    Reply
    Report
  • Tiga168Go
    ·2022-01-13
    A bit of drastic but I suppose they have a team of analyst researching to reach this conclusion. 
    Reply
    Report
  • 笑看海浪
    ·2022-01-13
    wise choice
    Reply
    Report
  • CYK1955
    ·2022-01-13
    K
    Reply
    Report
  • KCmax
    ·2022-01-13
    Please like, thank you 
    Reply
    Report
  • CIG
    ·2022-01-13
    Good move.
    Reply
    Report
  • Ultraviolet
    ·2022-01-13
    Col
    Reply
    Report
  • KLS
    ·2022-01-13
    Uy
    Reply
    Report
 
 
 
 

Most Discussed

 
 
 
 
 

7x24

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 

Company: TTMF Limited. Tech supported by Xiangshang Yixin.

Email:uservice@ttm.financial