Financial institution of America favors Amazon amongst its FANG friends

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Financial institution of America favors Amazon amongst its FANG friends

A employee assembles a field for supply on the Amazon achievement middle in Baltimore, Maryland, April 30, 2019Clodagh Kilcoyne | ReutersRegulatory


A employee assembles a field for supply on the Amazon achievement middle in Baltimore, Maryland, April 30, 2019

Clodagh Kilcoyne | Reuters

Regulatory scrutiny is pushing some progress traders out of FANG shares, however Financial institution of America continues to be bullish on Amazon heading into earnings season, the agency mentioned Tuesday.

Financial institution of America is forecasting third-quarter earnings above Wall Road estimates pushed by Prime One Day Delivery revenues.



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