Once again, Amazon is gaining momentum. As we head into June, analysts are bullish, fundamentals are solid, and the chart setup looks like more upside is ahead.
Amazon released extensive plans to improve deliveries to rural America by 2026. The news comes a day after President Donald Trump called Amazon founder Jeff Bezos a "good guy."
Amazon is down 20%, but analysts see huge upside. With strong earnings and bullish technicals, this pullback may be a rare long-term buying opportunity.