Amazon.com, Inc. hasn’t generated the type of stock performance this year its investors have come to expect in the past decade. Bank of America analyst Justin Post says 2022 could be another big year for Amazon. Amazon Dethrones Alphabet: Post named Amazon his top FANG stock pick for 2022 after 2021 top pick Alphabet, Inc. left Meta Platforms Inc., Netflix, Inc. and Amazon in the dust this year. Alphabet shares are up 62.8 percent year-to-date, while Meta shares are up 19.5 percent, Netflix shares are up 9.6 percent and Amazon shares are up just 2.4 percent. On Wednesday, Post said Bank of America card data suggests Amazon gained e-commerce market share in 2021, which position Amazon’s retail segment for a strong performance against easier comps in 2022. “Further, AWS had a strong 2021, with three straight quarters of accelerating growth suggesting accelerating demand in the IaaS/PaaS market (and we think …
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