Amazon Shares' Underperformance May Help It Dodge Earnings Selloff
- Amazon shares have underperformed S&P 500 in past year
- Analysts see growth slowdown, but mostly stay bullish on stock
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Wall Street favorite Amazon.com Inc. could be the next technology giant to flag that pandemic-era growth is fading, but the stock’s sideway travel for many months is likely to lessen any post-earnings blow.
PayPal Holdings Inc. and Netflix Inc. are among the online companies warning in recent days that their businesses are cooling off because economies have reopened. The slowdown sent their shares plunging, denting hopes for a recovery in high-growth stocks after the Federal Reserve tightening shocks.