Given Amazon's robust performance in the third quarter of fiscal year 2024, with a notable increase in revenue and same-store sales, we anticipate a strong holiday shopping season. The company's raised sales forecast for the fiscal year, projecting a 4.8% to 5.1% increase, further supports this positive outlook. Amazon's emphasis on value and convenience, including enhanced e-commerce capabilities, is expected to attract significant value-seeking shoppers during the Thanksgiving period. With a history of strong holiday sales and positive consumer sentiment, Amazon's stock is well-positioned to rally during the Thanksgiving season!!
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.