From industry stalwarts to high-profile politicians, seemingly everyone's turning their backs onAmazon these days, with one notable exception: Wall Street. 'None of this really concerns me — Everybody hates Goliath,' says one analyst.
For the fourth straight month, all 45 analysts with ratings on Amazon's stock recommend buying it, according to FactSet. That makes Amazon one of only three companies in the S&P 500, alongside Assurant and Diamondback Energy, to have perfect "buy" ratings. Even following last month'sand lower-than-expected guidance, Amazon's stock barely moved and didn't see a single downgrade on its rating.
Chukumba said the hostile reaction is only natural as Amazon has become a dominant force and is known for its almost limitless ambition. But the animosity is having little effect on his investment decision because he doesn't believe any of it is going to have a significant impact on Amazon's long-term financial prospects.
In a series of statements, Amazon noted that AWS retains many retail customers, and that third-party sales onFor Amazon, Wall Street's support and a strong share price are particularly important as stock makes up a relatively high percentage of workforce compensation. This is true even for top execs: AWS CEO Andy Jassy and consumer retail CEO Jeff Wilke received just $175,000 in cash last year, with the rest of their $19 million compensation coming in the form of stock rewards.
"From a technology investment point of view, I think Bezos has the greatest amount of respect from investors," he said.
Brasil Últimas Notícias, Brasil Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
Stocks fall on renewed trade war fears as Wall Street concludes volatile weekAll 3 major U.S. indices closed down today, capping off a wild week amid trade war fears and worries over the global economy. The Dow finished 0.34% lower while the S&P dropped 0.66% and Nasdaq fell 1%.
Consulte Mais informação »
Wall Street ends down amid more trade woes, high volatilityU.S. stocks fell on Friday following renewed jitters over the U.S.-China trade w...
Consulte Mais informação »
'Wolf of Wall Street' Producer Charged With Laundering $250M Set to Go on Trial in JanuaryRiza Aziz faces 25 years in jail and millions of dollars in fines if found guilty of five charges in a scandal that has ensnared leading Hollywood figures.
Consulte Mais informação »
Wall Street analysts worry these stocks are caught in the deepening US-China trade warCNBC combed through Wall Street research to see which stocks would be hurt most by the ongoing US-China trade war.
Consulte Mais informação »
We Build The Wall, the group behind privately funded border wall, under criminal investigation in FloridaWe Build The Wall, the group behind privately funded border wall, under criminal investigation in Florida originally appeared on abcnews.go.comThe group that raised millions of dollars to build a privately funded border wall separating Mexico from the U.S. is under criminal investigation in Florida,
Consulte Mais informação »
Justin Bieber’s Street Style Is Criminally UnderratedThis Vogue writer for one, is obsessed with the entertainer’s loose look.
Consulte Mais informação »