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Amazon holiday sales jump as one-day shipping pays dividends, stock up 13%

Amazon holiday sales jump as one-day shipping pays dividends, stock up 13%If the share gain holds on Friday, it will be the biggest daily jump for Amazon since October 2017. Amazon also forecast operating income of up to $4.2 billion in the current quarter. "These results and Q1 forecast suggest we’re past the worst in terms of the margin pressure from the one-day shipping initiative, and that competitive concerns surrounding AWS have been massively overstated, removing two of the main bear arguments on the stock," said Atlantic Equities analyst James Cordwell.




from Yahoo Finance https://ift.tt/38MYxF0

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