Amazon's stock halo slips on 'FANG Fatigue' and vaccine fervor
For Amazon.com Inc., blowout growth is no longer enough. Tuesdayâs news of surging sales and profit elicited shrugs from Wall Street, with the shares extending a rare stretch of underperformance that has now lasted for several months. But analysts agree: this is only a temporary lull after years of strong gains, and one investors should take advantage of. The e-commerce giantâs stock has fallen nearly 3 per cent since the end of August, lagging behind the S&P 500 Indexâs 11 per cent gain as traders developed what JPMorgan Chase dubbed âFANG fatigue,â and instead turn...