Amazon's Upbeat Holiday Weekend Bodes Well for Retail
During times of uncertainty, investors appreciate any upbeat news that could signal the economy is doing better than expected. To this end, Amazon (NASDAQ: AMZN) gave investors one key data point to add to any reasons they might have to stay optimistic.
The company said Wednesday morning that the five days from Thanksgiving to Cyber Monday represented a "record-breaking holiday shopping weekend" for the e-commerce giant. Customers purchased "hundreds of millions of products" during the period.
Amazon guided for a significant slowdown in its top-line growth in Q4 when it reported its third-quarter results in late October, and some retailers are even cutting their full-year sales outlooks. Therefore, there are many reasons investors could be skeptical about the state of the consumer today.
Source Fool.com
