Amazon (AMZN) Posts Record Holiday Sales To Outperform FAANG Over Xmas

Although Amazon (AMZN) remains on thin ice, especially as equity markets continue to toss and turn, the world-renowned Nasdaq stock performed its FAANG counterparts over Xmas week. Many analysts have chalked up its relatively strong performance to booming holiday sales data.
Amazon Booms Over Xmas Week
Holiday seasons are retail stocks’ home rink, so to speak. Holiday cheer, coupled with notable agnostic and non-agnostic celebrations, pushes consumers to buy copious amount of product.