Amazon Stock Rally Hits New Highs: Buy Into Earnings?

Tech giant Amazon.com Inc NASDAQ: AMZN continues to make a strong case for being one of the market’s top momentum plays of the year to date. Shares closed just below $230 on Monday night after a 1.4% pop extended its multi-month rally to fresh highs. The stock has been up more than 40% since April and is within striking distance of reclaiming February’s all-time high. Get Amazon.com alerts:Much of this run was fueled by the broad return to risk-on sentiment seen in equities in recent months, but Amazon’s st ...