Amazon ($247.38) continued its steady multi-session climb on January 9, driven by ongoing market optimism regarding its upcoming earnings report and supportive tech sector sentiment, despite the absence of fresh company-specific catalysts.
- Zacks highlighted positive earnings revisions, assigning the stock a strong rating of Zacks Rank #2 (Buy).
- The stock closed the prior session at $246.29, achieving a +1.96% move that outpaced the S&P 500.
- Amazon extended its gains slightly in after-hours trading, indicated around $247.55, as Morningstar maintains its view of the company as a wide-moat leader in e-commerce and cloud.