Amazon is on track to surpass Walmart as the largest U.S. retailer by 2022, J.P. Morgan analysts wrote in a note published Friday.
Amazon’s U.S. retail business is the “fastest growing at scale,” the analysts wrote.
After 9 months of consolidation, amazon should be finally able to break out. AWS and advertising keep growing, and amazon shipping operation can now challenge UPS, Fedex and USPS. For e-commerce, it is still a leader that none of the any other company can match or catch up. For the past 2 weeks investors were slowly rotating back to the established growth big tech stocks, so amazon should be able to break ath this month.
Thoughts on $AMZN, $WMT?