Wall Street's Presidents' Day Sale: Amazon.com (AMZN)

Posted Feb 16th 2009 1:40PM by Chris Johnson
Filed under: Amazon.com (AMZN), Stocks to Buy

The stock is trading in the mid-$60s, and it's almost doubled off its November low. But Amazon has reached far higher -- around $100 in October 2007, and $110 going back to 1999.

More importantly, AMZN is emerging as a retail leader in a lousy economy. Its Web traffic blew away the competition during the crucial holiday season, and its most-recent earnings number crushed expectations by 33%.

Put simply, Amazon.com has figured out how to grow the top and bottom lines in a terrible environment.

What's more, the Street hasn't caught on, as only five of 20 covering analysts rate the shares a "buy."

Get on board before the Street does.

Take a look at all four Wall Street Presidents Day sales.

Chris Johnson is a contributor to OptionsZone.com.

Tags: Amazon, Amazon.com, AMZN, featured, online shopping, presidents day, stocks on sale