With online spending up 18 percent since Black Friday 2016, one analyst told CNBC that he has never seen a better holiday sales outlook for e-commerce giant Amazon.
“I have to say that this is probably the best setup for Amazon, at least for the holiday shopping season, that I’ve seen in the 15 years we’ve covered the stock,” Victor Anthony, managing director of internet media at Aegis Capital, said on “Squawk Alley” on Friday.
Shares of Amazon hit an all-time high intraday as U.S. consumers poured hundreds of millions of dollars into both on- and offline purchases.
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Read the full article at: https://www.cnbc.com/2017/11/24/analyst-says-this-is-the-best-setup-for-amazon-hes-seen-in-15-years.html