Amazon stock (Nasdaq: AMZN) won't be hurt for long by the Alibaba IPO, due to hit Sept. 18. While both companies are e-commerce giants in their own right, the two may not be as competitive with one another as you think...
- How Amazon (Nasdaq: AMZN) Can Shake Off the Alibaba IPO
- Amazon Stock (Nasdaq: AMZN) Gains Support from Huge August Sales
Amazon stock (Nasdaq: AMZN) enjoyed a bump Wednesday after ChannelAdvisor released its August same-store sales (SSS) report. Amazon's at the top of the e-commerce pack, nearly quadrupling the industry average.