Forget Amazon - buy Apple shares instead

The markets reacted poorly to Amazon.com's latest results. But its shares are still overpriced. So if you want to buy a tech stock, says Phil Oakley, forget Amazon and try Apple instead.

The market has just given a big thumbs down to Amazon's trading performance. Is this the beginning of the end of the stock market's love affair with Amazon - or are investors overreacting?

Sales up, profits down

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Phil spent 13 years as an investment analyst for both stockbroking and fund management companies.

 

After graduating with a MSc in International Banking, Economics & Finance from Liverpool Business School in 1996, Phil went to work for BWD Rensburg, a Liverpool based investment manager. In 2001, he joined ABN AMRO as a transport analyst. After a brief spell as a food retail analyst, he spent five years with ABN's very successful UK Smaller Companies team where he covered engineering, transport and support services stocks.

 

In 2007, Phil joined Halbis Capital Management as a European equities analyst. He began writing for MoneyWeek in 2010.