Why a Veteran Investor Is Very Bullish on Amazon.com (AMZN) and Uber Technologies (UBER)

Amazon.com, Inc. (NASDAQ:AMZN) is well-positioned to benefit from its cost cutting, and the latter initiative is likely to boost its bottom line, said Andrew Arons in a recent appearance on Schwab Network.

Further, the company is "constantly innovating," the veteran investor said.

Arons, the managing partner of Synergy Advisory Management Group, is also quite upbeat about Uber Technologies, Inc. (NYSE:UBER).

Arons' Comments on Amazon.com, Inc. (NASDAQ:AMZN)'s Cost Cutting

Whenever Amazon.com, Inc. (NASDAQ:AMZN) carries out cost cutting, its bottom line is boosted, Arons said.

"Right now Amazon.com (AMZN) is using 750,000 AI robots to raise the margins of their warehouses," the investor stated.

Uber Technologies, Inc. (NYSE:UBER) Is Being Widely Underestimated

Asserting that Uber Technologies (NYSE:UBER) is being underestimated by many on the Street, Aron noted that the company expects to facilitate 12 billion rides in 2025.

"That's a pretty astounding number," the veteran investor said.

He added that 25% fewer of 18-to-35 year olds drive now than was the case about 20 years ago.

Uber Technologies (UBER) also has "a couple of good strategic partnerships," Aron said.

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Disclosure: The author owns shares of AMZN but has no intention of trading them in the next 48 hours. This article is originally published at Insider Monkey.