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Wall Street is excited about Amazon Prime one-day delivery

Amazon and Blue Origin founder Jeff Bezos provides the keynote address at the Air Force Association's Annual Air, Space & Cyber Conference in Oxen Hill, MD, on September 19, 2018.

FINANCIAL NEWS

Wall Street is excited about Amazon Prime one-day delivery


“This IS Big News, if you believe in Shipping Elasticity, which we do. The faster you ship, the more people buy. … This could be a key growth catalyst for Amazon for some time,” RBC Capital Markets said.

“We believe the move is consistent with AMZN’s long-standing goal of convenience & selection, but also likely reflects the increasingly competitive retail environment. … We come away with more confidence in Amazon’s ability to stabilize & potentially accelerate revenue growth,” J.P. Morgan said.

Amazon shares traded 1% higher in Friday’s premarket from Thursday’s close of $1,924 a share. Amazon’s earnings after the close topped expectations.

Read what major analysts were saying about one-day Prime delivery:



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