COVID-19’s disruption won’t impact Amazon’s (AMZN) “leading position in e-commerce and cloud services,” so claims Tigress Financial’s Ivan Feinseth.It is hard to argue. If any company has proven its resilience in the face of the global pandemic, it is the e-commerce giant. Amazon shares are up by 17% year-to-date, compared to the S&P’s 15% drop.Amazon’s product portfolio is so wide and all-encompassing that according to Feinseth, its business performance will only accelerate over the near and long term.Where to start? Never mind the fact COVID-19 has driven consumers to further rely on Amazon’s delivery services, the list of growth drivers …read more
Source:: Yahoo Finance
