The street is wondering what’s in store for Amazon (NYSE:AMZN) with the recent hike in shipping rates announced by FedEx (NYSE: FDX) and its disappointing results and profit warning last week. Bank of America Securities analyst Justin Post remains bullish on Amazon despite the recessionary fears and expects the company to outperform its peers. Post believes that Amazon is susceptible to global recessionary pressures but will not be as severely impacted as FedEx. The analyst highlighted that Amazon does not use FedEx's shipping services. Rather, Amazon has an edge compared to its peers who are using FedEx services and may win market share gains from them.
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Amazon com (NASDAQ:AMZN)
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