
JP Morgan analyst Doug Anmuth named Amazon.Com Inc (NASDAQ:AMZN) the top pick following a solid start to the early holiday shopping season.
Early holiday 2024 data points suggest solid U.S. e-commerce growth, with third-party estimates indicating U.S. e-commerce Cyber Week sales growth mainly in line with Anmuth’s projected +7.5% fourth-quarter U.S. e-commerce sales growth (vs. +9.8% in fourth-quarter of 2023).