Get 40% Off
🚨 Volatile Markets? Find Hidden Gems for Serious Outperformance
Find Stocks Now

Analysts Say Ignore Trump Threats, Buy Amazon On The Dip

Published 04/03/2018, 02:49 AM
Updated 04/03/2018, 02:49 AM

Investing.com - Wall Street firms are telling investors that President Trump's reported anger over Amazon (NASDAQ:AMZN)'s market dominance is unlikely to yield any meaningful action and that the stock's recent decline presents a buying opportunity.
What's more, they say there is little, if anything, he can do with existing anti-trust or tax laws to affect the ecommerce giant.
Deutsche Bank (DE:DBKGn) told clients that there is "some small risk" the President could put up some "roadblocks", but if it was such a "slam dunk" then the President would have already tweeted about "an impending regulatory action."
GBH Insights told clients that "the reality of these worries altering the company's business model and future tax structure are low."
Analysts also note that the President has criticized Amazon in the past but hasn't taken any action.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.