Market Analysis by covering: JPMorgan Chase & Co, Amazon.com Inc, Vanda Pharmaceuticals Inc. Read 's Market Analysis on Investing.com
) Inc has been moving steadily sideways for a couple of weeks after a solid rally that added nearly 30% to the stock since April’s low. The consolidation might seem like the momentum is fading, but for seasoned investors, this is often the much-needed pause before the next leg is higher.
Meanwhile, investors have been shifting toward international ETFs instead, which have attracted nearly 10 times the investment that tech-focused ETFs have drawn.If you’re considering following the crowd and lightening up your exposure to Amazon, think twice, though. The company’s fundamentals remain rock solid and continue to outperform expectations.
As we’ve highlighted several times in recent months, they’re far from alone. In just the past few months, Amazon has received multiple bullish endorsements from Oppenheimer, JPMorgan Chase (NYSE:Even if flows into big tech stocks are slowing and sentiment is starting to cool a bit, Amazon’s chart tells a different story. The stock’s uptrend has maintained its higher-high, higher-low structure, a textbook sign of bullish control.
With fresh analyst price targets implying nearly 20% in additional upside from current levels, it’s hard to justify not getting involved right now. Far from being a stock to rotate out of, Amazon still looks like one of the best horses to bet on as we head into the second half of the year.Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors.
Amazon.Com Inc Vanda Pharmaceuticals Inc
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Salesforce Q1 Preview: Investor Curious to Know About Informatica AcquisitionMarket Analysis by covering: Salesforce Inc, Meta Platforms Inc. Read 's Market Analysis on Investing.com
Read more »
Meta’s Institutional and Insider Data Fuels Bulls Despite DisparityMarket Analysis by covering: Meta Platforms Inc. Read 's Market Analysis on Investing.com
Read more »
Netflix Stock Eyes New Highs as Live Events Strategy Fuels Growth Beyond 33% YTDMarket Analysis by covering: Netflix Inc. Read 's Market Analysis on Investing.com
Read more »
Sellers Outnumber Buyers in the Housing MarketMarket Analysis by covering: S&P 500, Redfin Corp. Read 's Market Analysis on Investing.com
Read more »
Tesla: Is This Pullback the Start of a Deeper Correction?Market Analysis by covering: Tesla Inc. Read 's Market Analysis on Investing.com
Read more »
Why Is Dollar Tree’s Stock Gaining? Here’s the Key TakeawayMarket Analysis by covering: S&P 500, Dollar Tree Inc. Read 's Market Analysis on Investing.com
Read more »