From NASDAQ: 2024-04-12 10:00:00

Amazon’s stock reached a new all-time high, nearing $2 trillion, after a strong rebound in 2022. The company’s growth is driven by AI advancements and a new CEO, Andy Jassy, who forecasts growth in generative AI. Analysts are bullish on Amazon, with a target price of $205.79 and a Zacks Rank #3.

Investors can consider ETFs like ProShares Online Retail ETF, Fidelity MSCI Consumer Discretionary Index ETF, Vanguard Consumer Discretionary ETF, Consumer Discretionary Select Sector SPDR Fund, and VanEck Vectors Retail ETF, which all have significant exposure to Amazon. These ETFs offer investors a way to capitalize on Amazon’s growth potential and strategic initiatives.

ProShares Online Retail ETF holds 18 stocks with Amazon as the top firm, while Fidelity MSCI Consumer Discretionary Index ETF tracks the MSCI USA IMI Consumer Discretionary Index with Amazon as the top holding. Vanguard Consumer Discretionary ETF, Consumer Discretionary Select Sector SPDR Fund, and VanEck Vectors Retail ETF also have significant exposure to Amazon, providing investors with different ways to invest in the retail giant’s growth.



Read more at NASDAQ: 5 ETFs to Tap Amazon’s Growth Story