Amazon is expanding into a huge new market and some smart investors think it’s bad news for the stock (AMZN)
|09/28/2016||Posted by BusinessMediaguide.Com under General World News||
Amazon shares have been on an absolute tear over the past couple years.
The stock passed the $800 mark for the first time last week, and is now trading at an all-time high of about $830 per share. Just two years ago, in October 2014, Amazon’s stock was priced at around $315 and only passed $400 in April 2015. Amazon is the fourth largest company in the world today.
Yet Larry McDonald, managing director and head of global macro strategy at ACG Analytics, warns now is not the right time to buy Amazon stock.
“Just because other people are making money read more >>>