If You Invested $1,000 In Amazon Stock When Donald Trump Criticized The Company, Here's How Much You'd Have Today
Portfolio Pulse from Chris Katje
The article discusses the impact of former President Donald Trump's criticism of Amazon.com, Inc. (NASDAQ:AMZN) on its stock price. It highlights that an investment of $1,000 in Amazon stock when Trump first criticized the company in 2018 would have yielded a return of 83.2% over the last five-plus years, outperforming the SPDR S&P 500 ETF Trust which returned 65.7% over the same period.
October 10, 2023 | 9:26 pm
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Amazon's stock price has increased by 83.2% since Trump's criticism in 2018, outperforming the market.
The article indicates that despite Trump's criticism, Amazon's stock price has increased significantly, suggesting that the market did not react negatively to Trump's comments. This could be due to Amazon's strong business performance and growth prospects.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
The SPDR S&P 500 ETF Trust underperformed Amazon, returning 65.7% over the same period.
The article compares the performance of Amazon's stock with the SPDR S&P 500 ETF Trust, indicating that the latter underperformed Amazon over the same period. This suggests that despite broader market trends, Amazon's stock outperformed.
CONFIDENCE 90
IMPORTANCE 60
RELEVANCE 50