Technology Sector Ideas

[gfp927z]

Amazon down to 500 from 700 five weeks ago, and the PE is still 405 -



>>> Amazon.com (AMZN) Stock Drops as Tech Stocks Sink


By Amanda Albright

02/05/16



http://www.thestreet.com/story/13449883/1/amazon-com-amzn-stock-drops-as-tech-stocks-sink.html?puc=yahoo&cm_ven=YAHOO



NEW YORK (TheStreet) -- Amazon.com (AMZN - Get Report) stock is down 5.29% to $507.88 in early afternoon trading on Friday as tech stocks decline.

Shares of tech companies such as Facebook (FB) are sinking after LinkedIn (LNKD) provided lower-than-expected 2016 first quarter earnings guidance on Thursday.

"Tech's heart has been cut out of the stock market," says TheStreet's Jim Cramer, portfolio manager of the Action Alerts PLUS charitable trust portfolio, in a Real Money article on Friday. (Free access during TheStreet's Open House)

"The tech world is in total disarray," Cramer said. "Slowing cellphone growth, declining personal computers, perhaps slowing customer growth, so there is a dogfight for those clients who need data mining; all of these are at the heart of what tech does."

Separately, recently, TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this articles's author.

TheStreet Ratings rates this stock as a "hold" with a ratings score of C. The company's strengths can be seen in multiple areas, such as its impressive record of earnings per share growth, compelling growth in net income and robust revenue growth. However, as a counter to these strengths, we find that the company's return on equity has been disappointing.

<<<