Amazon.com, Inc. (NASDAQ:AMZN) shares have underperformed (albeit not as much as other equities) in FY 2022, with a year-to-date return of (24%). However, doubts have arisen about whether Amazon shares may enter a fresh upleg, particularly after the price rallied off its summer lows. I feel Amazon stock is still considerably overpriced based on profits, and the risk profile is quite unappealing. High inflation, a strong USD, and headwinds to consumer spending all pose hurdles to Amazon's development. The e-commerce company may see topline problems resurface in Q4!
Surprise Inflation Report Set to Hurt Amazon Stock Revenue ...Read The Full Article On StockStreetNews.com
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Amazon Stock; Don’t Buy Just Yet