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Amazon.com Inc. (Nasdaq: AMZN) has been the subject of increased scrutiny from Washington in the recent weeks. Last month, a congressman from Rhode Island urged two House committees to look into Amazon's June acquisition of Whole Foods Market Inc. (Nasdaq: WFM) for possible antitrust violations.
Now U.S. President Donald Trump is joining the attack, badmouthing the online retail giant in a Wednesday morning tweet.
What effect will this pressure from the Beltway have on Amazon stock? Is it time for shareholders to take their profits and run? Money Morning Technical Trading Specialist D.R. Barton, Jr., and Capital Wave Strategist Shah Gilani join FOX Business Network's "Varney & Co." to share their outlooks on AMZN.
An Incredible Win Rate: Since April 28, Shah Gilani's Zenith Trading Circle subscribers have had the opportunity to make average closeout gains of 83% (including partial plays) on his recommendations. His win record is insane (in a good way). You've got to check this out – just click here.