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By Market News Video Staff, Wednesday, November 24, 2:24 PM ET
Amazon.com (NASDAQ:AMZN) shares are rising today, after a Citigroup (NYSE:C) analyst reiterated a buy rating on the stock. Citi called Amazon the best play off the secular growth in online retail, and said its Kindle sales estimates may be too low. Shares of Amazon.com are trading sharply higher on Wednesday, gaining more than 5%.
Amazon is 41.74% of the Internet HOLDRS (HHH) fund, followed by eBay (NASDAQ:EBAY) at 20.68% of the fund. Yahoo (NASDAQ:YHOO) is the third highest position in the fund at 12.25%, followed by Priceline.com (NASDAQ:PCLN) at 6.87%.
The ETF Channel Flexible Growth Investment Portfolio is designed to seek growth for investors — anywhere and everywhere. The key to the program is our portfolio strategy allows us complete flexibility in terms of asset allocation as there are no predetermined guidelines as to the level of stocks, bonds, cash, regions, countries, sectors, commodities, or even asset classes in the portfolio! In short, this is a completely flexible portfolio designed to follow the performance trail wherever it leads us.
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Analyst Moves: LRCX, GNW
Daily Dividend Report: KIM, UNH, AVP, BIP, XL
Daily Dividend Report: NOC, APC, BRCM, PPL, MTB, ACE
Analyst Moves: ARO, HCA
Weekly Market Wrap: May 11, 2012
Analyst Moves: LRCX, GNW
