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2021-11-15
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Amazon Stock Is This Expert Investor’s Top Pick
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Report, PayPal and Charter Communications, with the cloud and e-commerce giant taking the top spot.</p>\n<p>The expert has endorsed the bullish narrative on AMZN for the long term, as he sees compelling growth and earnings opportunity for the e-commerce king far into the future. Below are Mr. Schwartz’s two key arguments in favor of the Seattle-based company.</p>\n<p>Higher costs are temporary</p>\n<p>Expectations for the holiday season have been impacted by the global supply chains disruptions leading to potential shortages, higher shipping and labor costs. In addition, Amazon’s outstanding e-commerce results in 2020 have set the bar a bit too high for a 2021 that has not been quite as impressive.</p>\n<p>Still, Mr. Schwartz believes that these are temporary headwinds. Amazon continues to do its homework, taking the necessary steps to grow and defend its dominance in e-commerce. The portfolio manager explained:</p>\n<blockquote>\n “Amazon is investing for the future. That’s what Amazon does. It doesn’t worry about transitory or temporary costs and, at some point, we think that sales are just going to rise so quickly that the operating leverage is going to start to kick in and Amazon’s going to have no choice but to gush profits. The exposure to cloud computing, that’s where the real money is made for Amazon. They have pretty amazing margins in that part of the business, and that’s still growing.”\n</blockquote>\n<p><i>(</i><i><b>Read more from the Amazon Maven:</b></i><i>Amazon Stock: Overcoming Growth And Margin Woes)</i></p>\n<p>Amazon keeps innovating</p>\n<p>As Mr. Schwartz has argued, Amazon’s ability to keep innovating will be the company’s powertrain to keep growth at a healthy pace:</p>\n<blockquote>\n “Every day there’s a new announcement, new things that they’re working on, new technologies. So, this is the dominant company. I think you have to own some of these tech giants, and this is one where [the stock] really hasn’t run up too bad lately.”\n</blockquote>\n<p>Growth stock for the price of value</p>\n<p>Mr. Schwartz added that, at the current earnings multiples, AMZN is not priced so much as a growth stock anymore. His quote:</p>\n<blockquote>\n “The valuation, it’s now becoming almost a value stock even at 60 times forward earnings. […] We all know Amazon can have higher profits whenever it wants. It just has to raise prices but it’s doing the opposite.”\n</blockquote>\n<p>This is not the first time that we see an argument about Amazon’s pricing power. Recently, we published JPMorgan’sDoug Amnuth’s thesison the company’s ability to raise subscription prices on Prime, and how this could be highly accretive to earnings. Mad Money host Jim Cramerhas gone even further, when he argued for Amazon stock as a beneficiary of higher inflation.</p>\n<p>On valuation, it is interesting to note that a 60 times 2022 earnings multiple becomes a meager 24.5 times 2025 EPS, using analysts’ estimatespublished on Seeking Alpha. Provided that Amazon continues to deliver results at least on par with consensus, it is hard to imagine a stock like AMZN trading for such low multiples in three years.</p>","source":"lsy1610613172068","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Amazon Stock Is This Expert Investor’s Top Pick</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nAmazon Stock Is This Expert Investor’s Top Pick\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-11-12 10:38 GMT+8 <a href=https://www.thestreet.com/amazon/news/amazon-stock-is-this-expert-investors-top-pick><strong>The Street</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Barry Schwartz, chief investment officer and portfolio manager at Toronto-based Baskin Wealth Management, haspresentedhis favorite stocks: Amazon (AMZN) -Get Amazon.com, Inc. Report, PayPal and ...</p>\n\n<a href=\"https://www.thestreet.com/amazon/news/amazon-stock-is-this-expert-investors-top-pick\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/fe94fc940e9c4fcf157bb67f28e9ff8e","relate_stocks":{"AMZN":"亚马逊"},"source_url":"https://www.thestreet.com/amazon/news/amazon-stock-is-this-expert-investors-top-pick","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1116634967","content_text":"Barry Schwartz, chief investment officer and portfolio manager at Toronto-based Baskin Wealth Management, haspresentedhis favorite stocks: Amazon (AMZN) -Get Amazon.com, Inc. Report, PayPal and Charter Communications, with the cloud and e-commerce giant taking the top spot.\nThe expert has endorsed the bullish narrative on AMZN for the long term, as he sees compelling growth and earnings opportunity for the e-commerce king far into the future. Below are Mr. Schwartz’s two key arguments in favor of the Seattle-based company.\nHigher costs are temporary\nExpectations for the holiday season have been impacted by the global supply chains disruptions leading to potential shortages, higher shipping and labor costs. In addition, Amazon’s outstanding e-commerce results in 2020 have set the bar a bit too high for a 2021 that has not been quite as impressive.\nStill, Mr. Schwartz believes that these are temporary headwinds. Amazon continues to do its homework, taking the necessary steps to grow and defend its dominance in e-commerce. The portfolio manager explained:\n\n “Amazon is investing for the future. That’s what Amazon does. It doesn’t worry about transitory or temporary costs and, at some point, we think that sales are just going to rise so quickly that the operating leverage is going to start to kick in and Amazon’s going to have no choice but to gush profits. The exposure to cloud computing, that’s where the real money is made for Amazon. They have pretty amazing margins in that part of the business, and that’s still growing.”\n\n(Read more from the Amazon Maven:Amazon Stock: Overcoming Growth And Margin Woes)\nAmazon keeps innovating\nAs Mr. Schwartz has argued, Amazon’s ability to keep innovating will be the company’s powertrain to keep growth at a healthy pace:\n\n “Every day there’s a new announcement, new things that they’re working on, new technologies. So, this is the dominant company. I think you have to own some of these tech giants, and this is one where [the stock] really hasn’t run up too bad lately.”\n\nGrowth stock for the price of value\nMr. Schwartz added that, at the current earnings multiples, AMZN is not priced so much as a growth stock anymore. His quote:\n\n “The valuation, it’s now becoming almost a value stock even at 60 times forward earnings. […] We all know Amazon can have higher profits whenever it wants. It just has to raise prices but it’s doing the opposite.”\n\nThis is not the first time that we see an argument about Amazon’s pricing power. Recently, we published JPMorgan’sDoug Amnuth’s thesison the company’s ability to raise subscription prices on Prime, and how this could be highly accretive to earnings. Mad Money host Jim Cramerhas gone even further, when he argued for Amazon stock as a beneficiary of higher inflation.\nOn valuation, it is interesting to note that a 60 times 2022 earnings multiple becomes a meager 24.5 times 2025 EPS, using analysts’ estimatespublished on Seeking Alpha. Provided that Amazon continues to deliver results at least on par with consensus, it is hard to imagine a stock like AMZN trading for such low multiples in three years.","news_type":1},"isVote":1,"tweetType":1,"viewCount":304,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":[],"verified":2,"subType":0,"readableState":1,"langContent":"CN","currentLanguage":"CN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":false,"length":4,"xxTargetLangEnum":"ZH_CN"},"commentList":[],"isCommentEnd":true,"isTiger":false,"isWeiXinMini":false,"url":"/m/post/873726191"}
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