As we all know, today is Thanksgiving. This means several things – that traders from the USA are going to be missing the action until Monday as they are going to be too busy eating turkey and yams and meeting up all of the members of their families. Markets are going to be closed, so get used to how American stock market is looking right now – we are not going to see any changes until late at night on Monday. Third, this means that Black Friday is just around the corner.
That’s right – tomorrow Black Friday is finally coming. And Black Friday officially means that we are finally in the Christmas shopping season. Plus, retailers and online shops as well as any other business that sells something are going to have huge sales taking 80-90 percent off the price of their products. And of course Amazon is no exception from this. On the contrary – being one of the biggest and most famous online shops in the world, it is easy to imagine, what volumes of sales are going to be grazed by the giant.
And surely, traders and investors can already smell the revenue, coming to Amazon over the next month. That is why it is only natural, to see AMZN stock growing more and more – I have a feeling that this is a trend that is going to be prevailing with the shares of amazon over the next several weeks and what we see right now is merely a taste of what we are going to miss if we do not get in action as soon as possible.
Of course it is better to ensure, that the growth is really there with our trading signals.