Why Does Amazon Trade at a Discount to Walmart and Costco? Here's the Only Answer That Makes Sense.
The majority of investors are thinking defensively. They just may be thinking more defensively than is merited.
Overview
Never let it be said the stock market doesn't keep things interesting.
The latest installment of the market's "huh?" series of developments concerns the current valuation levels of technology giant Amazon (NASDAQ: AMZN) compared to its brick-and-mortar retailing rivals Walmart (NASDAQ: WMT) and Costco (NASDAQ: COST).
Details
Walmart stock is currently trading at 37 times this year's expected earnings, while Costco shares are priced at more than 44 times their projected earnings.
Source
Originally published at www.fool.com.
Related Articles
Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.