Will Amazon Christmas retail data exceed expectations?
$Amazon (AMZN.US)$ Amazon announces Christmas retail data on the first trading day after Christmas every year. It has performed strongly in the past three years, rising 3.51% on December 28, 2020, 4.45% on December 26, 2019, and December 26, 2018 Up 9.45%
After the epidemic, the online shopping boom in the United States continues, and it is expected to set a new record again at Christmas. This is also a very good sign for Amazon.
According to the US pre-Christmas online shopping forecast released by Adobe Analytics this year, online sales in November and December are expected to increase by 10% to US$207 billion.
Adobe predicts that Amazon is likely to set a new sales record in the Christmas season this year. Analysts expect its fourth-quarter revenue to increase by 13% to $142 billion. Even when the supply chain is tight, Amazon's own logistics and economies of scale can provide stability for it.
Article excerpted from the US Stock Research Agency
Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only.
Read more
Comment
Sign in to post a comment