Investors' penchant for prioritizing growth over profit at Amazon.com Inc will be put to the test on Thursday, when investors absorb the impact of second-quarter pandemic-related costs that could top $4 billion.
- Investors’ penchant for prioritizing growth over profit at Amazon.com Inc will be put to the test on Thursday, when investors absorb the impact of second-quarter pandemic-related costs that could top $4 billion.
Still, some analysts question whether Amazon’s stock can keep climbing from its current $3,000 level. Amazon remains the go-to site for online shoppers, but challenges are mounting. Novel coronavirus infections are raging in the United States, a market that accounts for about 70% of its retail business, and a $600 weekly pandemic unemployment payment could expire and crimp consumer’s spending.
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