Why Amazon Rallied Today | Nasdaq
From Nasdaq: 2024-11-13 15:28:13
Shares of Amazon (NASDAQ: AMZN) surged 2.2% to an all-time high, outperforming the Nasdaq Composite. The company unveiled Amazon Haul, a low-priced e-commerce store, to compete with Chinese rivals Shein and Temu.
Amazon Haul offers items below $20, most under $10, with free shipping on orders over $25. The store, currently in beta, aims to counter competition from Chinese apps shipping directly from China.
Following strong earnings and innovation in Amazon Web Services, Amazon stock remains a solid hold. Analysts suggest considering a position even at all-time highs for potential growth opportunities.
Don’t miss out on a second chance to invest in high-performing stocks like Amazon, Apple, and Netflix. The “Double Down” stock recommendations have yielded significant returns over the years, with alerts issued for three promising companies.
Investing $1,000 in Amazon, Apple, or Netflix during previous “Double Down” alerts could have resulted in significant returns. Stay informed about the latest stock recommendations for potential lucrative opportunities.
Read more at Nasdaq: Why Amazon Rallied Today | Nasdaq