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.
American businesses that rely on Chinese goods are reacting with muted relief after the U.S. and China agreed to pause their exorbitant tariffs on each other’s products for 90 days. Many companies delayed or canceled orders after President Donald Trump last month put a 145% tariff on items made in China. Importers still face relatively high tariffs, however, as well as uncertainty over what will happen in the coming weeks and months. The temporary truce was announced as retailers and their suppliers are looking to finalize their plans and orders for the holiday shopping season. They’re concerned a mad scramble to get goods onto ships will lead to bottlenecks and increased shipping costs.
Shopping expert Trae Bodge discusses how talks between the U.S. and China is good news for now, but uncertainty remains for back-to-school and the holidays.
Jake Traylor, White House reporter at Politico, joins Cheddar to discuss how Trump is aiming to lower drug prices and how it differs from Biden's approach.
DJ X, alongside Molly Holder, Senior Director of Product Personalization, takes us inside Spotify's A.I. DJ and how it's the best new way to listen to music.
Sheryl Palmer, CEO of Taylor Morrison, talks tariff uncertainty, being a female leader in a male dominated industry and what homebuyers need to know. Watch!
