a slow ramp up of other Jeff Bezos growth projects as a catalyst to near-term earnings. Notably ... strong Apple iPad and iPhone sales could benefit Amazon.
While investors oftentimes lament Amazon's spending plans,Spot on. And spot on. Amazon and Apple are partners, not competitors. And Amazon's spending drives performance, in China, elsewhere internationally and at home. As of this writing, AMZN is up to around $266. New highs. On Dec. 18 I said it's headed to $300. Don't look now, but it's well on its way. With solid earnings later this month, it's in the bag. Even if Amazon missed, the stock, like it always does, will rebound. People, like TheStreet's Jim Cramer, love Jeff Bezos. As they should. Sometimes, sanity -- even at astronomical P/E ratios (!) -- does prevail. Follow @rocco_thestreet --Written by Rocco Pendola in Santa Monica, Calif.
Morgan Stanleysees international e-commerce efforts as paying off over the long term, as consumer retail markets open up on the Web.