WHY APPLE DOWN, AMAZON UP MAKES SENSE $AMZN $AAPL
To the uninitiated investor, there seems nothing more insane than the contrasting behaviors of Apple and Amazon stocks.
Tuesday after the close, Amazon AMZN reported weak earnings, and the stock promptly went up about 9% in the aftermarket. Not many days ago, Apple AAPL reported reasonably good earnings after the close, and the stock promptly went down about 10%.
By some traditional measures, Amazon is extremely expensive and Apple is extremely inexpensive. Amazon trades at forward P/E of about 153 and the PEG ratio of negative 246.
Apple trades at forward P/E of about 9 and the PEG ratio of 0.73.… Please click here or the title below to read more.