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With a YTD gain of nearly 20%, Amazon's (AMZN) price action is largely in line with the Nasdaq Composite ($NASX). AMZN stock, however, trades around 9% below its record highs. In this article, we’ll look at Amazon’s Q4 forecast and analyze whether the stock can end the year in style.
Amazon stock peaked in early July, and hasn’t been able to reach those levels since. The company’s Q2 earnings spooked investors; while Amazon's profits came in ahead of Wall Street's estimates, it missed revenue forecasts, and provided downbeat guidance for the third quarter.
