NEW YORK (TheStreet) -- Shares of Amazon.com (AMZN) were lower in mid-morning trading on Monday, the day after UK magazine The Sunday Times reported that the e-commerce giant may not have the best deals online. Some Investors are also concerned about the effect that a Donald Trump presidency will have on the company.
Amazon.com's selling point is that it's a marketplace that allows consumers to trade goods and services worldwide, rather than having the absolute best prices around, Capitalist Pig founder Jonathan Hoenig said on Fox Business' "Mornings With Maria" on Monday.
"I don't think Amazon's value proposition is that you always get the best deal but consumers shop around," Hoenig said. "That's what they do. That's what makes Amazon so great is that you're able to trade and shop not just with people at your local store but literally with sellers all over the world."
Amazon may not always have the best prices on products, but it's an "amazing stock" and an "amazing American success story," he said. The company is expected to do "very well" this holiday season.
While a number of stocks rallied after Trump was elected president last Tuesday, Amazon.com's stock dropped because Trump is expected to create a more protectionist environment.
Earlier this year, Trump spoke to CNBC about antitrust concerns surrounding Amazon.com, as well as its CEO Jeff Bezos and his ownership of The Washington Post. "And believe me, if I become president, oh, do they have problems. They're going to have such problems," Trump claimed at the time.