Seeking Alpha: Can Amazon Shares Climb Higher? Is Tesla Stock Teflon?
Michael Kramer, author at Seeking Alpha, debates whether or not Amazon shares can climb any higher after surpassing the $1,500 mark for the first time recently. He also discusses Tesla stock and its resistance to negative news.
Kramer says historically when Amazon stock valuation gets to 2.5 times one year forward sales, it taps out. Kramer notes every time you turn around, Amazon is entering another part of the market.
Kramer also addresses Tesla's ability to stay resistant to bad news. He says Tesla has an "Amazon like property" to it, which allows it some wiggle room when it comes to shares.
Apple CEO Tim Cook said Thursday that the majority of iPhones sold in the U.S. in the current fiscal quarter will be sourced from India, while iPads and other devices will come from Vietnam as the company works to avoid the impact of President Trump’s tariffs on its business. Apple’s earnings for the first three months of the year topped Wall Street’s expectations thanks to high demand for its iPhones, and the company said tariffs had a limited effect on the fiscal second quarter’s results. Cook added that for the current quarter, assuming things don’t change, Apple expects to see $900 million added to its costs as a result of the tariffs.
Visa is hoping to hand your credit card to an artificial intelligence “agent” that can find and buy clothes, groceries, airplane tickets and other items on your behalf.
Skift Editor-In-Chief Sarah Kopit discusses how summer travel plans remain uncertain for most as many international travelers are leery to travel abroad. Watch!
