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Amazon Stands Tall

Stock quotes in this article: AMZN  

Updated from 7:28 a.m. EDT

Already the best-performing big-cap Internet stock, Amazon.com(AMZN Quote) has just won itself more supporters.

Shares surged more than 18% early Wednesday after the online retailer blew away the Street's first-quarter earnings expectations and ratcheted up revenue guidance for the second quarter and full year. Piper Jaffray upgraded the stock to market perform from underperform, citing margin gains. That move came two days after Piper downgraded the stock, citing valuation concerns. ...

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