Amazon (AMZN) Ticks Slower Higher Days Ahead of Critical Q4 Results

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Days ahead of its critical year-end report, shares of online retailer Amazon (Nasdaq: AMZN) inched slowly higher, gaining over three percent to 52-week highs at 283. The rally is being tied to positive data on online holiday retails sales, which are expected to grow by 14 percent year-over-year, according earlier data from comScore.

As the largest online retailer, Amazon’s share of the pie is expected to be significant. Healthy reports by Google (Nasdaq: GOOG) and eBay (Nasdaq: EBAY) have given some investors confidence Amazon will hit its lofty revenue target of $22.28 billion. Investors will also be keeping a close eye on profit margins at retailer, long viewed as its biggest weakness.

Amazon reports after the bell on Tuesday, January 29th.

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