This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Amazon, Smucker Are S&P Decliners

NEW YORK ( TheStreet) -- Amazon (AMZN - Get Report) and J.M. Smucker (SJM - Get Report) were among the worst performers on the S&P 500 midday Thursday.

The S&P 500 rose 3.76 points Thursday to 1,346.99.

Shares of Amazon dropped 4.68% to $175.83. The company was downgraded Thursday by Morgan Stanley (MS) analysts to equal-weight from overweight.

"We expect Amazon.com's share price to experience downward pressure as the market digests mixed data points," Morgan Stanley analysts wrote in a report Thursday. "Apple's strength in iPhone and iPad sales are negatively affecting Amazon.com by accelerating the company's transition from physical to digital media sales (which has effects on sales, margins and ROIC) as well as impacting Electronics & General Merchandise ("EGM") growth. Additionally, the ongoing share shift from Amazon.com owned-inventory to Third Party ("3P") / Fulfillment by Amazon ("FBA") units may challenge ROIC through decelerating asset turnover and decreased cash flow from negative working capital."

Amazon has an estimated price-to-earnings ratio for next year of 44.44; the average for broad-line retailers is 27.43. For comparison, Wal-Mart (WMT) and Costco (COST) both have lower forward P/Es of 12.69 and 19.21, respectively.

Twenty-three of the 40 analysts who cover Amazon rated it a buy. Sixteen gave it a hold rating and one rated it a sell.

TheStreet Ratings gives Amazon a C+ grade with a hold rating. The stock has risen 1.74% year to date.

Content on this page requires a newer version of Adobe Flash Player.

Get Adobe Flash player

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
SYM TRADE IT LAST %CHG
AMZN $375.56 0.00%
SJM $117.42 0.00%
AAPL $124.75 0.00%
FB $80.78 0.00%
GOOG $524.05 0.00%

Markets

DOW 17,826.30 -279.47 -1.54%
S&P 500 2,081.18 -23.81 -1.13%
NASDAQ 4,931.8150 -75.9760 -1.52%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs