economy
January 9, 2026
Buy Amazon for a prospective breakout, says Carter Worth
From here, the chart analyst thinks owning Amazon will generate positive alpha.
TL;DR
- Amazon has been a poor relative performer to the S&P 500 Index since June 2020.
- Amazon's stock performance of +79% since June 30, 2020, trails the Mag 7 Index (+432%), QQQ (+153%), and SPY (+124%).
- The article predicts Amazon is setting up for a breakout to new 52-week highs.
- Amazon is recommended as both an absolute (long) and relative trade (versus the S&P 500 Index).
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