Amazon (AMZN) Set to Soar Higher This Holiday Season, Says Analyst

With Black Friday just behind us, and Cyber Monday about to explode, holiday shopping season madness is in full swing.As the early stats come in, the numbers point to Friday’s online sales party being the largest ever, raking in $7.4 billion in transactions. Monday’s online sales are expected to come at $9.4 billion, beating last year’s $7.9 billion. Naturally, one popular name hoping to reap rewards is online shopping giant, Amazon (AMZN). The tech behemoth’s stock hasn’t had the most stellar year. Despite its share price recording gains of 19%, the number falls short of the S&P 500’s 25% year-to-date …read more

Source:: Yahoo Finance