A recent analysis by ETF Channel highlights that Amazon.com Inc (AMZN) is ranked the #1 broker pick among the 30 stocks in the Dow Jones Industrial Average. Furthermore, it holds the #5 position among the 500 components of the S&P 500 index. This reflects strong analyst favor in the specialty retail sector.
As of midday Monday, AMZN is trading up approximately 4.4%. In comparison, its competitors Coupang Inc (CPNG) has seen a modest increase of 0.3%, while Ulta Beauty Inc (ULTA) is down by about 3.7%.
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