Here’s Why I Sold All My Amazon (AMZN) Stock From Client Accounts
Higher labor and raw material costs have hurt Amazon’s (AMZN) profits. So I sold all shares in client accounts. Here’s the thesis:
Higher labor and raw material costs have hurt Amazon’s (AMZN) profits. So I sold all shares in client accounts. Here’s the thesis:
Yeti (YETI) is a hit in America, and now the company is expanding across the border, as International is now 10% of overall revenue.
Global-E (GBLE) helps ecommerce stores to expand Internationally. But the company makes little profits, thus GLBE is speculative.
Shopify (SHOP) is gonna have to spend on warehouses, bringing profits down. With a P/E of 139 SHOP might be worth $300 a share.
Johnson & Johnson (JNJ) is a true value stock with a P/E of only 16 and seems like a solid selection in this rocky stock market.
Lululemon’s (LULU) P/E ratio just dropped from 62 last qr to 34 this qtr, that’s the cheapest valuation LULU’s had since 2018.
Technology stocks have gotten hammered this year. Once stock that’s a safe bet to likely bounce back is Accenture (ACN).
Snowflake (SNOW) is known for being fast growing, with an expensive stock. But after the recent drop, SNOW stock is reasonable.
Five Below (FIVE) continues to be one of the best growth stocks in our universe. Now, with a P/E of 29, the stock has good upside.
Medical supply company Becton Dickenson (BDX) is made for this market where money moves from growth stocks to value stocks.
2022 for RH (RH) is the Year of the New, as it launches its Contemporary brand, two private charter jets, and a luxury yacht.
Amazon’s (AMZN) facing higher labor, third-party shipping, and steel costs, which are taking a big bite out of profits.