Is Amazon Stock Ready to Break Out Again?
One of the more interesting data nuggets that I stumbled upon over the weekend as I was running through some stock screens is that Amazon.com (NASDAQ: AMZN) has been a market laggard among its peers over the past year. Among the five largest public U.S. companies by market cap, the leading online retailer is the only one that has failed to deliver a double-digit percentage return over the trailing 52 weeks.
Amazon's pedestrian 0.7% return over the past year is surprising. It's not even keeping up with some of the better money market funds. Starting lines matter, naturally. The stock is up nearly 16% so far in 2019, but that follows a brutal holiday quarter last year during which it shed a quarter of its value. The fact remains that over the past 365 days, the stock has been on a round trip to essentially nowhere. At least one Wall Street pro thinks that things could be about to change.
Image source: Amazon.
Source Fool.com
