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Amazon Stock Could Climb More Than 35%, Wedbush Says

Por: MarketWatch Business October 21, 2023

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We think investor sentiment for Amazon is mixed heading into third-quarter results as investors continue to debate 1) the trajectory of Amazon Web Services’ growth and the company’s overall AI strategy, 2) regulatory challenges and the outcome of the Federal Trade Commission lawsuit filed last month, 3) potential retail margin pressure due to rising oil prices, and 4) ongoing competition from Chinese entrants (Temu, Shein, TikTok Shop). We... + full article



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