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AMZN Stock Forecast: Amazon Set to Shine in 2020

This article was written by Ari Herzog, a Financial Analyst at I Know First

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The article was written by Motek Moyen Research Seeking Alpha’s #1 Writer on Long Ideas and #2 in Technology – Senior Analyst at I Know First.

In spite of Trump’s attack against Amazon, I am endorsing the company as a good long-term investment.
Amazon Web Services is the undisputed leader in cloud computing infrastructure services. It has a good chance to win the $10 billion contract from the U.S. Defense Department.
The 100 million-strong Amazon Prime subscribers’ army also makes Amazon’s leadership in e-commerce invidious and indomitable.
Amazon doesn’t need Flipkart. It already has a strong presence in India. The new international shopping feature of the Amazon mobile app is also a global tailwind for Amazon.
AMZN has bullish 90-day and one-year algorithmic market trend forecast from I Know First.