Amazon Is a Value Stock in Topsy-Turvy New World of Investing
- Wall Street struggles with which equities are growth and value
- ‘Why are you getting into energy?’ clients of one fund ask
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The death of the cheap-money era is redrawing Corporate America’s earnings map — upending a decade of Wall Street wisdom over which stocks are the bargain buys or the high fliers of tomorrow.
As Big Tech grapples with a slowdown in revenue and a new commodity cycle rages, Faang members Amazon.com Inc. and Netflix Inc. are suddenly morphing into value stocks while Exxon Mobil Corp. attains the coveted growth-equity halo.