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Analyst John Blackledge considers Amazon's fundamentals strong and highlights accelerating growth in Prime membership and units sold, solid position in e-commerce domestically and overseas, a fulfillment center development ramp attributable to high demand and strength at AWS.
- Remains "super bullish on Amazon" and considers the present movement "just a blip in the road." Amazon (NASDAQ:AMZN) shares are down 2.6% on a 5-day term and 11% overall on the month.
- Earlier: Downdraft hits tech post-election