From Dow Jones & Company, Inc.:

Amazon.com Inc. shares are on track to end the year with a record-tying weekly winning streak, having climbed into positive territory for the week, rising 0.24% in morning trading Friday and 0.22% for the week. The stock may be up for a 10 straight weeks ending December. The stock has surged 22.8% during its current 10-week streak and its year-to-date performance has soared 83%. Among the Magnificent Seven, Amazon’s stock experienced only median gains this year, with the highest percentage of analysts recommending to buy at current levels. Wedbush analysts named Amazon’s stock a “top pick” in 2024, citing potential upside in e-commerce growth and Prime Video monetization.



Read more: Amazon’s stock looks to enter 2024 with a record-tying weekly winning streak