Should You Follow Billionaire Bill Ackman Into Amazon Stock?

Billionaire Bill Ackman recently revealed that his Pershing Square Capital Management investment fund took a large stake in Amazon (NASDAQ: AMZN) in April. Ackman was buying the stock following the market downturn after President Donald Trump's "Liberation Day" tariff announcements roiled the market, including Amazon.Pershing Square's chief investment officer Ryan Israel recently discussed the investment with analysts, stating that the fund acquired a "fantastic franchise" at an "extremely attractive" valuation, and that Amazon would be able to navigate any tariff-induced slowdown. Furthermore, he praised Amazon CEO Andy Jassy and the company's dual business model, stating that it can deliver more than 20% earnings growth. With Amazon shares having rallied off their lows, the question is whether investors should follow Ackman into Amazon at current levels.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool