These 5 Stocks are Plummeting After the Fed’s Latest Rate Hike

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1. Amazon.com, Inc. (NASDAQ:AMZN)

Number of Hedge Fund Holders: 252

Amazon.com, Inc. (NASDAQ:AMZN) reacted very much like every other notable U.S. stock on Wednesday, September 21. The stock fell at 2:00 PM ET in the previous trading session after the Fed’s latest rate hike.

The stock extended its downward movement this morning, losing nearly two percent. Overall, Amazon.com, Inc. (NASDAQ:AMZN) shares have lost about 30 percent of their value so far this year.

Much of that drop has been attributed to the ongoing inflationary pressure that has been weighing on the company’s margins. Nevertheless, analysts expect Amazon.com, Inc. (NASDAQ:AMZN) to make a rebound once the inflation and interest rates start decreasing.

You can also take a peek at Best Robotics Stocks To Invest In and 10 Best Cyclical Stocks for Inflation.

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