Amazon (NASDAQ: AMZN) reported third-quarter earnings that disappointed investors. The stock has been down considerably since the announcement. This video will highlight the critical factors from Amazon's third-quarter earnings that caused the stock price to fall. Read More...
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Here’s Why Walmart Could Trounce Amazon This Holiday Season
As most investors know, Amazon has been gaining market share on Walmart for years, and it’s also been the much better stock to own over the last decade. In its recent guidance, the e-commerce giant called for revenue to be just 2% to 8% higher in the fourth quarter, uncharacteristically slow for the growth stock. On the earnings call, CFO Brian Olsavsky explained the headwinds the company is facing, saying, “The continuing impacts of broad-scale inflation, heightened fuel prices, and rising energy costs have impacted our sales growth as consumers assess their purchasing power.”
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