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JP Morgan Expects Big Things Out of Amazon Earnings

Published 23/07/2018, 12:15
Updated 23/07/2018, 12:15


Investing.com - If Amazon (NASDAQ:AMZN) reports better-than-expected earnings this week, JP Morgan will not be surprised.
The Wall Street firm reiterated its overweight rating and 12-month stock price for the e-commerce giant, saying there is "upside potential" to Wall Street's earnings expectations.
Morgan says it likes Amazon stock "even at all-time highs," and it remains one of the firm's top picks.
Amazon shares are up 80% in the past year, making it the most valuable company after Apple (NASDAQ:AAPL).
JP Morgan says "company fundamentals and industry trends remain strong," and believes Amazon can continue to increase its share of e-commerce sales.
Amazon is expected to release second-quarter earnings on July 26, after the market closes.

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