Amazon stock was not the worst-performing FAANG stock in 2022, but it was far from the best. Amazon's seemingly strong and resilient business in the cloud with Amazon Web Services is showing some cracks, while its retail business has been prone to rising inventory and transportation costs, alongside fluctuations in consumer spending. As other retailers have struggled this year, so has Amazon. Read More...
Barrons.com
Google Parent Alphabet Has Had a Rough Year. Investors Should Buy Up Shares.
Google parent Alphabet ‘s (ticker: GOOG) stock dropped 34% in 2022 as revenue growth slowed and investors worried about weaker search-advertising trends. Alphabet ‘s core price/earnings ratio is even lower, given losses at its Other Bets businesses, including Waymo, a leader in autonomous vehicles. Investor Joe Rosenberg, formerly chief investment strategist at Loews, thinks Alphabet has gotten too fat, and agrees with U.K. investor Chris Hohn, who wrote a letter to Alphabet CEO Sundar Pichai arguing “that the cost base of Alphabet is too high and that management needs to take aggressive action.”
