2021 is a difficult year for all, hopefully 2022 will be better.
Amazon shares are expected to soar in 2022 after facing a tough year in 2021.
According to Guggneheim analyst Seth Sigman, Amazon will go through an easier year after the modest growth recorded in 2021 and is likely to benefit from some pandemic -related investments in the supply chain and logistics.
However, several analysts have rejected Amazon as a top option including Bank of America Global Research, RBC Capital Markets and Goldman Sachs.
Amazon's shares are only up 2.4%in 2021 compared to 4 other FAANG shares, namely Apple is up 34%, Meta Platforms or formerly Facebook added 23%, Netflix is up 11%and Google's Alphabet is up 65%.
According to records, the last time Amazon recorded the worst return was in 2014 when it slumped 22%.
In 2021, Amazon faces a very difficult year when travel restrictions are lifted and indirectly make customers profit from using online shopping services.
By comparison, 2nd quarter 2021 revenue recorded 27% while in 2020 its sales jumped 41%.
