Like many other stocks Amazon.com, Inc. (NASDAQ:AMZN) hasn’t been doing particularly well on the stock market lately and hence there is a strong need for positive news to come from the company’s helm. To this end Amazon.com, Inc. (NASDAQ:AMZN) hasn’t disappointed its investors as the company hints the market that it is gearing up for an increased number of sales for the upcoming holiday season. Liz MacDonald of Fox Business reported on the story.
The importance of holiday season cannot be stressed enough in the prevalent market conditions with weak retail numbers from companies flowing in every now and then and thus exacerbating the sell off even more. Amazon also has National Retail Federation to its side, since the latest figures released from the department show an increase in online shoppers for the crucial holiday season. Amazon.com, Inc. (NASDAQ:AMZN) will most like gain a major chunk of these sales since EBay, its e-commerce competitor has revised its forecasts for holiday sales downwards.
“[…] Amazon.com, Inc. (NASDAQ:AMZN) is putting out a bullish signal that it will hire 10,000 more holiday workers this shopping season for Christmas. It’s going to be 80,000 workers versus 70,000 workers from last year, Sandra, and still the National Retail Federation is sticking to its forecast for 4% increase in holiday shopping sales and record numbers of people to buying online […],” reported MacDonald.
Amazon.com, Inc. (NASDAQ:AMZN) has also lately been in the news on account of the first ever brick and mortar that the e-commerce is setting up in Washington. Besides, the publicity that the store will provide itself, the news also has the added advantage of keeping Amazon in the heaadlines, and that too for the positive reasons. The same cannot be said about its competitor, eBay though which has lately come under a lot of criticism for planning to spin off its payment arm, PayPal.
Let Warren Buffett, David Einhorn, George Soros, and David Tepper WORK FOR YOU. If you want to beat the low cost index funds by an average of 6 percentage points per year look no further than Warren Buffett’s stock picks. That’s the margin Buffett’s stock picks outperformed the market since 2008. In this free report, Insider Monkey’s market beating research team identified 7 stocks Warren Buffett and 12 other billionaires are crazy about. CLICK HERE NOW for all the details.