Is Amazon Stock (AMZN) Still a Buy After Tariffs?
Don't Miss Our End of Quarter Offers:
Discover the latest stocks recommended by top Wall Street analysts, all in one place with Analyst Top Stocks.
Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter.
The Wedbush analyst pleased Amazon investors with a reiterated Outperform rating and a $280 price target, representing a potential 63.46% upside for AMZN shares. Devitt backed up his bullish stance on Amazon by pointing out that its retail business is expanding faster than Walmart's (WMT) or Costco's (COST).
There's also Amazon's artificial intelligence (AI) business to consider. The e-commerce giant is quickly growing in the AI space. That's a boon to it as analysts, such as Bank of America's Vivek Arya, have argued that companies with strong ties to AI will benefit despite Trump's tariffs. Its cloud computing and data centers are another potential aid to the company.
AMZN Stock Movement Today
Amazon is among the stocks that have started to recover from President Trump's trade war. It helps that the market is beginning to bounce back from Wednesday's Liberation Day event today on news of a potential 90-day pause on tariffs.
For AMZN, this has the stock up 1.05% as of Monday afternoon. That's a welcome change from its 9.14% drop over the last five days and its 21.3% decrease year-to-date.
Is AMZN Stock a Buy, Sell, or Hold?
Turning to Wall Street, the analysts' consensus estimate for Amazon is Strong Buy, based on 45 Buy and one Hold ratings over the last three months. With that comes an average price target of $268.05, representing a potential 55.32% upside for AMZN stock.
See more AMZN stock analyst ratings
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Winnipeg Free Press
an hour ago
- Winnipeg Free Press
From tariffs to universities, Trump's negotiating style is often less dealmaking and more coercion
WASHINGTON (AP) — President Donald Trump prides himself on being a dealmaker, but his negotiating style is more ultimatum than compromise. In the last week, Trump has slapped trading partners with tariffs rather than slog through prolonged talks to reach agreements. He ratcheted up the pressure on the Federal Reserve to cut interest rates. And his administration launched a new investigation into higher education as he tries to reshape universities. For Trump, a deal isn't necessarily agreement in which two sides compromise — it's an opportunity to bend others to his will. While Trump occasionally backs down from his threats, the past week is a reminder that they are a permanent feature of his presidency. As Trump tightens his grip on independent institutions, there are fewer checks on his power. Republicans in Congress fear primary challenges backed by the president, and the Supreme Court is stocked with appointees from his first term. Trump recently summed up his approach when talking to reporters about trade talks with other countries. 'They don't set the deal,' he said. 'I set the deal.' Trump's allies believe his aggression is required in a political ecosystem where he's under siege from Democrats, the court system and the media. In their view, the president is simply trying to fulfill the agenda that he was elected to achieve. But critics fear he's eroding the country's democratic foundations with an authoritarian style. They say the president's focus on negotiations is a facade for attempts to dominate his opponents and expand his power. 'Pluralism and a diversity of institutions operating with autonomy — companies, the judiciary, nonprofit institutions that are important elements of society — are much of what defines real democracy,' said Larry Summers, a former Treasury secretary and former president of Harvard University. 'That is threatened by heavy handed, extortionist approaches.' Seeking control of higher education Harvard has been a top target for Trump, starting in April when he demanded changes to the university's governance and new faculty members to counteract liberal bias. As Harvard resisted, administration officials terminated $2.2 billion in federal grants. The money is the lifeblood of the university's sprawling research operation, which includes studies on cancer, Parkinson's disease, space travel and pandemic preparedness. Trump has also attempted to block Harvard from hosting roughly 7,000 foreign students, and he's threatened to revoke its tax-exempt status. His administration recently sent subpoenas asking for student data. 'They'll absolutely reach a deal,' Trump said Wednesday. Administration officials also pulled $175 million from the University of Pennsylvania in March over a dispute around women's sports. They restored it when school officials agreed to update records set by transgender swimmer Lia Thomas and change their policies. Columbia University bent to Trump by putting its Middle East studies department under new supervision, among other changes, after the administration pulled $400 million in federal funding. At the University of Virginia, President James Ryan resigned under pressure following a Justice Department investigation into diversity, equity and inclusion practices. A similar investigation was opened Thursday at George Mason University. 'Federal funding is a privilege, not a right, for colleges and universities,' said Kush Desai, a White House spokesman. Such steps were unheard of before Trump took office. Ted Mitchell, president of the American Council on Education and an Education Department official under President Barack Obama, said Trump isn't seeking deals but is 'demanding more and more and more.' 'Institutional autonomy is an important part of what makes higher education work,' he said. 'It's what enables universities to pursue the truth without political considerations.' Going after the Federal Reserve's independence The Fed has also faced Trump's wrath. He blames Fed Chair Jerome Powell for moving too slowly to cut interest rates, which could make consumer debt like mortgages and auto loans more affordable. It could also help the U.S. government finance the federal debt that's expected to climb from the tax cuts that Trump recently signed into law. Powell has held off on cutting the central bank's benchmark rate, as Trump's tariffs could possibly worsen inflation and lower rates could intensify that problem. Desai said the White House believes the Fed should act based on what the data currently shows, which is that 'President Trump's policies have swiftly tamed inflation.' Although Trump has said he won't try to fire Powell — a step that might be impossible under the law anyway — he's called on him to resign. In addition, Trump's allies have increased their scrutiny of Powell's management, particularly an expensive renovation of the central bank's headquarters. David Wessel, a senior fellow in economic studies at the Brookings Institution, said Trump's approach could undermine the Fed's credibility by casting a political shadow over its decisions. 'There will be real costs if markets and global investors think the Fed has been beaten into submission by Trump,' he said. Tariff threats instead of trade deals Trump originally wanted to enact sweeping tariffs in April. In his view, import taxes would fix the challenge of the U.S. buying too much from other countries and not selling enough overseas. After a backlash in financial markets, Trump instituted a three-month negotiating period on tariffs. Peter Navarro, one of his advisers, said the goal was '90 deals in 90 days.' The administration announced a few trade frameworks with the United Kingdom and Vietnam, but Trump ran out of patience. He's sent letters to two dozen nations and the European Union informing them of their tariff rates, such as 30% against the EU and Mexico, potentially undercutting the work of his own negotiators. Desai said Trump's approach has generated 'overwhelming interest' from other countries in reaching trade deals and gives the U.S. leverage in negotiations. John C. Brown, a professor emeritus of economics at Clark University in Massachusetts, said the 'willy-nilly setting of tariffs according to one person's whims has no precedence in the history of trade policy since the 17th century.' Monday Mornings The latest local business news and a lookahead to the coming week. 'It's just bizarre,' Brown said of Trump's moves. 'No one has done this in history.' The president has also used the threat of tariffs in an attempt to help political allies and influence other countries' court systems. He told Brazil that he would implement a 50% tariff if the country didn't drop its prosecution of former President Jair Bolsonaro, who like Trump was charged with trying to overturn an election. Inu Manak, a fellow on trade policy at the Council on Foreign Relations, said Trump's inconsistent approach will foster distrust of U.S. motives. She noted that two of the letters went to Canada and South Korea, allies who have existing trade agreements with the U.S. approved by Congress. By imposing new tariffs, she said, Trump is raising 'serious questions about the meaning of signing any deal with the United States at all.'
Globe and Mail
4 hours ago
- Globe and Mail
Fireworks continue across markets post-holiday
Howdy market watchers! After a long, relaxing July 4 th weekend, the return to work was a rude awakening of headlines. July 9 th was President Trump's deadline for trade deals and concessions from friend and foe alike or risk tariffs returning to earlier threatened levels effective August 1 st. The Administration was actively promoting the dispatch of tariff letters on Monday and Tuesday leading up to that deadline before finally announcing that another extension would be granted to August 1 st. Just as the market was cautiously optimistic of another extension, Trump announced 50 percent tariffs on copper followed by 50 percent tariffs on Brazil for accusations against a former President, followed by 10 percent additional tariffs on countries aligning with BRICS, finally to be followed by late week announcements of 35 percent tariffs on Canada. And yet, the market continues to chop higher with the S&P 500 making new, record highs on Thursday. Then, on Saturday morning, Trump announced 30 percent tariffs on Europe and Mexico starting August 1st. It is difficult to even keep track of where we are with tariff levels by trade lane. I would concur with JP Morgan Chase CEO Dimon that '[markets are] a little desensitized'. The same seems to be true of the grain markets vis-à-vis the Russian war in Ukraine. However, Trump is upping the rhetoric regarding Putin's stringing along the US regarding progress towards a peaceful resolution. Crude oil rebounded Friday as Trump says a major announcement will be made Monday regarding Russia. The expectation is for a dramatic increase in sanctions on exports important to the Russian economy. Europe is also discussing a lower price cap on Russian oil. OPEC this week increased output lower than the market expected, keeping oil prices firmer. Barring these developments and the recent stepped-up Houthi attacks in the Red Sea, I believe Trump wants crude oil prices in the lower $50s to curb US inflation to the point of accelerated interest rate cuts. We are not there yet, however, with Middle East conflicts still simmering despite China growth decelerating. The US dollar has rebounded this week, which put some downward pressure on commodities, but overall, energy and metals finished the week strong, especially silver, up 5 plus percent on Friday alone. After patiently awaiting for disaster relief funds to flow, Ag. Secretary Rollins finally announced on July 9 th that the Supplemental Disaster Relief Program (SDRP) would be set in motion for agricultural producers who experienced losses for eligible crops in 2023 and 2024. This was in addition to Trump's large policy victory in passing the One Big Beautiful Bill through Congress before the holiday, meeting his deadline to sign into law on July 4 th. There are a lot of components to this OBBB and for insured grain producers, it raises the PLC trigger prices for corn from $3.70 to $4.10, beans from $8.40 to $10.00 and wheat from $5.50 to $6.35. I also understand that farmers will be paid the higher of ARC-CO or PLC instead of what they designated. Support for the livestock sector seems more regulatory in nature, but there are also enhanced disaster relief provisions. Mandatory Electronic IDs for Interstate Cattle Movements are also being implemented by 2026 and so watch for the rollout of these requirements. The volatile week in markets capped off with USDA's monthly WASDE and Crop Production reports on Friday. Overall, there was a bullish tilt to USDA's latest numbers despite grain markets easing post-report into the close. Old crop ending stocks for both corn and soybeans came in lower than trade expectations while the same goes for new crop ending stocks for corn and wheat, but slightly higher than trade guesses for soybeans. Updated row crop production forecasts came in lower for corn on unchanged yield of 181.0 bushels per acre (bpa) while soybean production was slightly higher than expectations, but below last month also on unchanged yields of 52.5 bpa. All wheat class production came in slightly higher than expected as well as above last month driven by the smallest categories of white, other spring and durum crops. Hard red winter wheat production that trades on the KC wheat futures, came in 16 million bushels below trade guesses and 27 million bushels below last month. Soft red winter wheat that trades off the Chicago wheat futures also came in below trade expectations as well as last month's estimates. And yet the wheat markets sank lower into Friday's close although both contracts did make new, daily highs overnight. With issues emerging for Canadian wheat and these tighter production and ending stock numbers, I believe we could see the wheat market recapture some ground next week. However, we also need help from the corn market, which needs help from the crude oil market. Brazilian corn and soybean production estimates came in lower than trade guesses, but higher than last month while soybeans were unchanged from last month, but lower than trade expectations. Argentine corn production was unchanged from last month while soybean production was increased by 0.9 million tons. Globally, new crop corn ending stocks for 2025/26 were below last month and well below trade guesses that were calling for an increase. Soybean ending stocks increased over last month, but fell short of the trade expectations for an increase. Wheat stocks were both lower than last month as well as trade expectations as well as last year lending further support to the wheat complex. While these numbers tell a story, there have been phenomenal wheat yields around the country as harvest progresses north. Several of my clients in Oklahoma, Kansas and Missouri have reported record yields on their farms. The USDA called wheat harvest 53 percent complete versus 49 percent expected, but closer to the 54 percent average than we've seen in weeks. There are still quite a few wheat fields out there to be harvested with rain and overcast conditions continuing to delay progress. Corn conditions this week came in at 74 percent Good-to-Excellent (G/E), ahead of expectations while soybeans were in line with expectations at 66 percent G/E. Spring wheat conditions, that the wheat market begins to now shift towards, were three percent below expectations at only 50 percent G/E. Cotton conditions are now 52 percent G/E, ahead of last week and last year. And then there is the ever-ferocious cattle market that just cannot be stopped. After last week's announcement that the US-Mexico border would be reopened slowly to the flow of cattle, it was yet again closed on Thursday, following another New World Screwworm detection, this time within 370 miles of the US border. This further progression north of the detection despite sterile fly releases was a fly in the ointment of progress towards sustained increases. The President of Mexico says the US is over doing the situation, but a detection or outbreak in the US is the last thing any of us, not least the Administration wants on their watch. This reclosure resulted in an explosion and gap higher of feeder and fed cattle futures that ended well off those highs. The bull channel of the feeder cattle chart was reached on Wednesday around that $320.00 mark and looked to be resistance until of course the new, news of the border closure. The market closed right at the top of that channel on Thursday after an $8.00 daily range. Interestingly, there is a chart gap on August feeders that would be filled when that contract reaches $284.250. After such action, what wasn't expected was the returning strength on Friday, which finished as an inside chart day, lower high and higher low. Feeders closed $4.00+ higher while Fed cattle closed nearly $3.00 higher. Fed cash cattle trade re-surfaced topping out the week at $230 in Texas and Kansas and $241 in Nebraska. Wow! What is going to break this market? Consumer strength, but will it ever weaken? Broader ICE raids on packing plants? The Trump Administration reminded us all this week that agricultural workers are not exempt from deportation. And yet the market continues to chop higher. We've said it before and these prices are even more phenomenal than they were last time we said it, but these are $8.00 corn prices, $20.00 soybean prices and $12.00 wheat prices only in the cattle complex. The higher value of cattle makes the cost of put options and LRP higher, but it may be well worth paying the premium and keep the upside open than keeping pace with the short-term margin squeeze of hedges. Even more important than that is to keep them alive and focus on animal health as losing one may take 5+ head to make up for. Sidwell Strategies is the one-stop shop to protect cattle with futures, puts, LRP or a combination of all, which is probably the best strategy overall. If you're ready to trade commodity markets, give me a call at (580) 232-2272 or stop by my office to get your account set up and discuss risk management and marketing solutions to pursue your objectives. Self-trading accounts are also available. It is never too late to start and there is no operation too small to get a risk management and marketing plan in place. Wishing everyone a successful trading week! Let us know if you'd like to join our daily market price and commentary text messages to stay informed! Brady Sidwell is a Series 3 Licensed Commodity Futures Broker and Principal of Sidwell Strategies. He can be reached at (580) 232-2272 or at brady@ Futures and Options trading involves the risk of loss and may not be suitable for all investors. Review full disclaimer at
CBC
6 hours ago
- CBC
Does ‘Trump Always Chicken Out'? (TACO)
U.S. President Donald Trump's unpredictable tariffs have led many to describe his trade policy with the acronym TACO, short for 'Trump Always Chickens Out.' But is he actually chickening out — or is it a negotiating tactic? Andrew Chang looks at what Trump may gain — and lose — by backing off from his most extreme policies. Images provided by Getty Images, The Canadian Press and Reuters.
