Emma Asma Cornwall
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Emma Asma Cornwall in Gainers & Losers,

Amazon is a buy

A monthly consumer survey conducted by Cowen Research found that Amazon cut deeper into Wal-Mart and Target's market share in the grocery/consumables category. The e-commerce giant showed 18% year-over-year growth, while sales at both Wal-Mart and Target fell back from a year ago.

Well, good news for Amazon, and if we check the technical side, there's another bullish flag forming on daily chart, and in short-term the stocks can continue rallying