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Amazon Gobbling Up Post-Turkey Day Business
At the very least, Amazon.com (AMZN Quote) made it through Thanksgiving weekend without looking like a turkey.
The online retailer, which last month lowered estimates for holiday season sales, enjoyed a goosed-up stock price Monday as investors feasted on scant but appetizing online shopping statistics. But does a post-Turkey Day goosing of sales mean that Amazon will do better than Wall Street has forecast?
This holiday season is a crucial one for Amazon, as investors debate the sufficiency of Jeff Bezos' cash cushion, the timetable for the company to become cash-flow positive, and its ability to fight off real-world giants like Wal-Mart (WMT Quote) and Target (TGT Quote). Amazon jumped $1.91, or 21%, to $10.99 Monday.
Bump in the Road?
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