Amazon's 330,000 square-foot lease at 10 Bryant Park — or 452 Fifth Ave. at West 40th St. — is big news both for Jeff Bezos's ever-expanding behemoth and for the on-fire Midtown office market.
What's better than a good sale on Amazon (AMZN -1.01%)? How about the company's stock being on sale?
The world is changing. After decades of a steady relationship -- albeit occasionally testy -- between China and the United States, a massive trade war has erupted.
Nvidia (NVDA -3.01%) has been one of the hottest stocks on the market in the past five years, delivering remarkable gains of 1,300% to investors during this period and significantly outpacing the tech-laden Nasdaq Composite's returns of about 100%.
Cathie Wood leads wealth management firm Ark Invest as its CEO and chief investment officer. Financial news programs and podcasts frequently feature Wood, who often promotes her long-term investment strategies in technology companies disrupting emerging markets.
I am upgrading Amazon to a "strong buy" due to its excessively cheap forward valuations after significant price drops and potential for upside earnings surprises. Despite negative guidance and foreign exchange risks, Amazon's forward price-sales ratio is the cheapest among the Mag-7, supporting a bullish outlook. Key support levels include $151.61, with potential bullish reversals targeting $192.65 and $211.65, driven by strong statistical probabilities and Elliott Wave counts.
Few companies are as harmed by the escalating trade war between the U.S. and China as Amazon (AMZN -1.01%). Its massive e-commerce platform sources many goods from China, which will see a dramatic price increase as the U.S. tariff rate on goods from there now sits at 145% -- at least, for the moment.
The company's size and global reach give it muscles to flex even in a sour economy.
Economic uncertainty created by President Trump's trade policies has caused the U.S. stock market to decline sharply in 2025. The benchmark S&P 500 (^GSPC 0.13%) is currently down 14%, while the technology-focused Nasdaq Composite (^IXIC -0.13%) is down 19%.
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After closing just under $180 on Tuesday, shares are now up around 10% from last week's low, with a trading pattern that suggests the worst of the selling could be in the rearview mirror.
On March 9, President Donald Trump decided to pause the previously announced expanded tariffs on most countries. The news sent equities soaring, but nobody knows what will happen next.