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Amazon was intelligent to put the records on the right to avoid unwanted anger from the Trump administration. The new Amazon said on Tuesday that the display of pricing prices prices was “never approved” and “will not occur”. The declaration made after the White House press secretary Karoline Leavitt castigated Amazon for a report that such a decision was under study. “This is a hostile and political act of Amazon,” said Leavitt at a morning press conference. NBC News also reported that President Donald Trump personally called Amazon Jeff Bezos to complain about the initial report. Club Stock Amazon, which was down more than 2% earlier, moved session lows after the company clarifying its position. All of this took place because some Amazon sellers qualified “unsustainable” prices and increased prices on hundreds of the best -selling items as an import cost of import costs from Trump prices. The online retailer based in China Temu – who has spent a fortune in recent years to get a foothold in the American market – has started to charge additional import costs and display them at the checkout. For his part, Walmart confirmed to Jim Cramer that although the American retailer does not detail, he will also have price increases related to the price. Bigger with Bezos and other technological billionaires who contract Trump since he won the presidential election, none of them wants to even risk the perception of disagreement with the White House. In December, Bezos said at the New York Times agreement that he was optimistic about Trump's second term. “It seems to have a lot of energy to reduce the regulations. If I can help do it, I will help it,” said Bezos. After the inauguration of Trump, Bezos also imposed new rules for the opinion pages of the Washington Post. This decision led to accusations that Bezos was trying to cook the favor of the new administration. In the end, while recognizing the report at the morning meeting on Tuesday, which was recorded before Amazon's denial, Jim said he was most concerned about the amount of tariff costs absorbed by Amazon. Amazon should publish income after Thursday's fence. Sunday, in our gaze on the coming week, we wrote: “The commentary on Amazon's before Amazon on how the prices affect its electronic commerce, its Amazon web services and advertising companies will bring more weight than the first quarter results themselves.” Before the figures, we do not make changes to our goal of club courses of $ 240 per share or our equivalent purchase rating 1. The club recently added to our Amazon position on April 15, taking advantage of the drop in the action of its closing summit of all time of around $ 242 per share on February 4 at around $ 181 at the time. Actions were negotiated on Tuesday about $ 187. UBS analysts reduced their Amazon price target to $ 253 per share on Tuesday, compared to $ 272. UBS said that it expects “a certain level of destruction of the price demand due to the elasticity of prices” appears in its activities. Analysts have however retained their purchase rating on the stock. (Jim Cramer's Charitable Trust is long amzn. See here for a full list of actions.) As abonten at the CNBC Investing Club with Jim Cramer, you will receive a commercial alert before Jim is doing a business. Jim is waiting for 45 minutes after sending a commercial alert before buying or selling a stock in the portfolio of his charitable trust. If Jim spoke of a stock on CNBC TV, he waits 72 hours after issuing the commercial alert before running the trade. The above information of investment clubs is subject to our terms and conditions and our privacy policies, as well as our warning. No obligation or fiduciary duty exists, or is created, due to your reception of the information provided in relation to the investment club. No specific result or profit is guaranteed.
A combined photo shows the CEO of Amazon Jeff Bezos (L) in New York and US President Donald Trump at the White House in Washington, DC, in the United States on December 14, 2016 and December 20, 2017 respectively.
Shannon Stapleton (L), Jonathan Ernst (R) | Reuters
Amazon was intelligent to put the record directly to avoid unwanted anger from the Trump administration.
