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Wall Street's Presidents' Day Sale: Amazon.com (AMZN) |
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| Feb 16, 2009 06:40 PM UTC |
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Tracked Blogger
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Via BloggingStocks:
Filed under: Amazon.com (AMZN), Stocks to Buy
The stock is trading in the mid-$60s, and it's almost doubled off its November low. But Amazon has reached far higher -- around $100 in October 2007, and $110 going back to 1999. More importantly, AMZN is emerging as a retail leader in a lousy economy. Its Web traffic blew away the competition during the crucial holiday season, and its most-recent earnings number crushed expectations by 33%. Put simply, Amazon.com has figured out how to grow the top and bottom lines in a terrible environment. Continue reading Wall Street's Presidents' Day Sale: Amazon.com (AMZN) Wall Street's Presidents' Day Sale: Amazon.com (AMZN) originally appeared on BloggingStocks on Mon, 16 Feb 2009 13:40:00 EST. Please see our terms for use of feeds. Permalink | Email this | Comments
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