Amazon Earnings Are Next Week. It Remains the ‘Best Idea’ for J.P. Morgan Analysts.
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J.P. Morgan analysts are feeling bullish about Amazon with first-quarter earnings around the corner.
Analyst Doug Anmuth wrote that Amazon (ticker: AMZN) remains the firm’s best idea in the internet sector in a research report. The macro environment is weighing on wallets, he explained, and first-quarter trends for e-commerce “remain muted,” with growth improving from the fourth quarter, but slowing throughout the period.
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