After an extended period of outsized gains, it appears the Amazon (AMZN) rally is pausing for a breather. This week, Amazon shares have ended each session in the red.However, ahead of Amazon’s 2Q earnings next week (Thursday, July 23), Stifel analyst Scott Devitt suggests investors pull the trigger on the e-commerce giant’s stock, as the 5-star analyst expects the rally to resume shortly.Devitt rates AMZN a Buy along with a $3,300 price target, implying there’s gas in the tank for another 11.5% of gains. (To watch Devitt’s track record, click here)It’s unlikely Amazon shares will remain in a downtrend for …read more
Source:: Yahoo Finance
