— have all fallen by double digits this month as sell-offs brought high-flying momentum names to a halt. For example, Amazon has 44 buy ratings but has fallen more than 12% this month.
Matt Maley, chief market strategist at Miller Tabak, does not see a pullback as deep as the dot-com bubble for these stocks. However, he does expect the group to fall further. "These stocks have just become ridiculously overbought, overloved, overowned and overvalued. They got to such extremes at the beginning of the month that they have to work off more than they have already, in my opinion, to really see the kind of bounce or kind of meaningful bottom that a lot of people are looking for," Maley told CNBC's "He expects these stocks to drop by 5% to 10% more before hitting bottom.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
BLACK FRIDAY
its easy to get swayed by day to day investment news. Get a long term investment strategy and sit it out come rain or sun. either value or growth investment, whichever you choose.
Amazon still has a Price-to-Earnings ratio of 116 which is absurd.
4th Q not looking good?
Singapore Singapore Latest News, Singapore Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Amazon event 2020: Ring Always Home Cam, new Echo, and more - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Source: BusinessInsider - 🏆 729. / 51 Read more »
Whole Foods employees say Amazon workers are causing chaos in stores - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. the next normal shouldnt look like this LimVannie TOTAL hatchet job! How about you do a balanced piece by interviewing ANONYMOUS people from BOTH sides of this issue? It's pretty disgusting to see people just doing their jobs mind you, being referred to as 'vultures' by an un named manager no less. WFM exists now because of AMZ! Amazon saved WFM - now people like the one who wrote the one sided article I'm tweeting about are making working as a shopper like walking into a hostile work environment, and I pity those who are doing so on the daily..... TellBothSides!
Source: BusinessInsider - 🏆 729. / 51 Read more »
Echelon CEO responds to Amazon 'Prime Bike' confusion - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Source: BusinessInsider - 🏆 729. / 51 Read more »
Amazon chases Google, Microsoft into the game-streaming marketAmazon.com Inc. is diving into the new and hotly contested market for streaming video games, the company said during a press event Thursday that also revealed a refreshed lineup of Echo smart speakers and a flying home video camera. Sweet 🤙 Nice “Innovation is a bridge suspended between our existing knowledge, experience, tradition and the future. We can choose to cross it or forever be contemplating what might be on the other side...”— The Eternity Project Part 1 Alpha
Source: latimes - 🏆 11. / 82 Read more »