JP Morgananalyst Doug Anmuth namedAmazon.Com Inc(NASDAQ:AMZN) the top pick following a solid start to the early holiday shopping season.

Early holiday 2024 data points suggest solid U.S. e-commerce growth, with third-party estimates indicating U.S. e-commerce Cyber Week sales growth mainly in line with Anmuth's projected +7.5% fourth-quarter U.S. e-commerce sales growth (vs. +9.8% in fourth-quarter of 2023).

Adobe and Mastercard data suggest growth exceeded the analyst's +7.5% estimate on Black Friday, and Adobe indicated in-line growth trends during Cyber Monday and Cyber Week.

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