The stock market has been driven by the outperformance of the Magnificent 7 stocks. But is it too late to buy these stocks? And if so which one should you buy? Freedom Capital Markets Chief Global Strategist Jay Woods joins Yahoo Finance’s Julie Hyman on Good Buy or Goodbye. Woods calls Amazon (AMZN) a "good buy," citing bullish technicals, reasonable P/E ratio, and strong e-commerce and cloud businesses. Tesla (TSLA) didn’t seem to make the cut—Woods states the biggest drawbacks are the downtrending stock chart, delays and disappointments launching the Cybertruck, and recent earnings disapointments, To see more Good Buy or Goodbye, click here. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.
White Brook Capital Partners, an investment management firm, released its third quarter 2023 investor letter, a copy of which can be downloaded here. White Brook Capital Partners maintains its outperformance against the S&P Midcap 400 year to date, boasting a 6.49% increase compared to the index’s 4.28% gain. However, it falls short of the S&P […]
Attorneys for Amazon on Friday asked a federal judge to dismiss the Federal Trade Commission’s antitrust lawsuit against the e-commerce giant, arguing the agency is attacking policies that benefit consumers and competition. Amazon’s response came more than two months after the FTC — joined by 17 states — filed the historic complaint against the Seattle-based company, alleging it inflates prices and stifles competition in what the agency calls the “online superstore market” and in the field of “online marketplace services.” In its 31-page filing made in a federal court in Washington state, Amazon pushed back, arguing the conduct that the FTC has labeled anti-competitive consists of common retail practices that benefit consumers.