The e-commerce giant has been quietly developing its own in-house clothing lines under brands such as Society New York, Lark & Ro, Scout + Ro, Franklin & Freeman, Franklin Tailored, James & Erin, and North Eleven.
Amazon.com has about 1,800 products from these lines on its website, according to a note from KeyBanc this weekend.
Based in Seattle, Amazon.com is an e-commerce company that sells a range of products and services through its websites.
(Amazon.comis held in the Growth Seeker portfolio. See all holdings here.)
Momentum stocks have been getting some good flow of late, and Amazon.com has been a nice beneficiary. Jim Cramer and I featured this with the other FANG stocks just two weeks ago, and the chart showed this one to be the weak link.
However, these last few weeks Amazon has shown some nice power, and now has a V-shaped bounce on the chart. While that seems rather rushed (Amazon is up more than 15% in a mere two weeks) we would not be surprised to see a bit of give back.
However, the chart is constructive and the shorts are now on the run. On Monday, the stock bolted higher on decent turnover and gapped above the 200-day moving average and closed near the highs of the session.
The moving average convergence divergence (MACD) is on a buy signal here, and while the resistance is ahead, that would be about 8% higher, so there is still room. A nice pullback/consolidation would be okay here, a lower high on the chart and then a move back up.
Watch this video for more.
Want more like this from Chris Versace and Bob Lang BEFORE your stock moves? Learn more about Trifecta Stocks now!
Separately, TheStreet Ratings team rates the stock as a "hold" with a ratings score of C.
Amazon.com's strengths such as its impressive record of earnings per share growth, compelling growth in net income and robust revenue growth are countered by the fact that the company has favored debt over equity in the management of its balance sheet.
You can view the full analysis from the report here: AMZN
TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this article's author.