Amazon shares are cheaply on one rating scale after the wider stock market leakage

The last time this Amazon (AMZN) arrow looked cheap on a multiple basis from price to profits, CEO Andy Jaci was still a relatively new coming to the seat.

The shares of the e -commerce and cloud computing giant are traded on a price double to a number of price to profits (P/E), which is the lowest P/E in three years, according to data from Finchat. While this is cheap for Amazon, it is not cheaper on a relative basis for “amazing seven” games.

This distinguished honor goes to his colleagues, Microsoft (MSFT), whose shares are trading at an elevated price forward to 18.9 times.

The low assessments of these higher technical names come amid a wider defeat in the markets, as traders digested the possibility of stagnation under President Trump.

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Dow Jones (^DJI) decreased 890 points, or about 2.1 % on Monday. S&P 500 (^GSPC) decreased by 2.7 %, while the heavy nasdaq technology compound (^IXIC) threw 4 %.

All three main indexes are stopped by more than 5 % last month, with the boat driving on the Nasdaq Stock Exchange with a 11 % decrease. Amazon shares reached 16.5 % last month.

Dan Evs, the analyst, said that the concerns of technical growth, “after a historical bull market led by the artificial intelligence revolution over the past two years, now we see the major investor concerns, as Trump’s identification news, and the fears of the recession, have sent fears of technological growth of investors of technology for exits and heading to hills.”

Failure to help feelings on Amazon (and to a lesser extent, Microsoft) is the fourth mixed quarter that has disturbed concerns about the demand for the near -term services (AWS).

AWS sales were over a 19 % growth rate on an annual basis. This result was consistent with the slowdown of cloud growth in Microsoft and the like.

Amazon led the revenues of the first quarter of 151 billion dollars and 155 billion dollars. Analysts expected $ 158 billion; Miss was partially due to the expected strike of $ 2.1 billion of currency fluctuations.

“Our discussions with investors indicate that the quarter and expectations were not changing the well -owned name, but there are gradual concerns about the AWS growth path, and to a lesser extent than the total impact on stores,” wrote JPMorgan Doug Animouth in the client’s memo.

It remains to see whether investors look at the shares of Amazon sufficiently cheap in current evaluation levels, given economic growth concerns. But it is not worth anything. The street has not lost confidence in Amazon, at least not yet.