Fast Money Traders Share Their Views On Amazon.com, Inc.

On CNBC's Fast Money, Steve Grasso said that he has a soft spot in his heart for Amazon.com, Inc. AMZN and that the bears are making same arguments they were making when the stock was trading hundreds of dollars lower. He thinks that the company could easily pull out from its investments in warehouses, but the management sees its business as a growth story. Brian Kelly believes that this stock is broken. The Wall Street has clearly shown this year that it doesn't believe in Amazon.com, Inc., said Kelly. He thinks that it is going to be a dead money, unless the management finds something new for investors. Tim Seymour commented that traders have to be neutral at best when it comes to Amazon.com, Inc.. He thinks that the company won't decrease its spending any time soon because the management is not worried about its stock price.
Market News and Data brought to you by Benzinga APIs
Comments
Loading...
Posted In: CNBCMediaBrian KellySteve GrassoTim Seymour
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!