'A key beneficiary of shelter-in-place and work from home': Here's what 4 analysts are saying ahead of Amazon's quarterly earnings (AMZN) | Markets Insider

1. Jefferies: Amazon is"a key beneficiary of shelter-in-place and work from home""The stock is up ~30% since reporting earnings last quarter as the company is collectively viewed as a key beneficiary of shelter-in-place and work from home," wrote Brent Thill in a July 19 note.

"The company saw a spike in demand for groceries and other household essentials during Q1 as a result of store closures and shelter-in-place restrictions, and we anticipate that this trend persisted into Q2, with other categories such as sporting goods and furniture also seeing an uptick in demand with people spending more time at home."

"Key rev drivers include AWS, Adv., Subscription, & accelerating eCom growth given cont'd COVID-19 demand surge," said Blackledge.

As per design....

Americans need to get back to supporting their local stores.

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Jeff Bezos will testify about how Amazon is the quintessential American companyThe Amazon CEO will tell lawmakers Amazon is great for small businesses, customers and its investors. How makes all the money and doesn’t give a shit about his workers? No, It's a monopoly and needs to be broken up. Oh really, made in China Besos...
Source: CNBC - 🏆 12. / 72 Read more »