Shares of Amazon.com Inc (NASDAQ:AMZN) are trading slightly lower on Tuesday morning, caught up in a broader market decline driven by renewed trade tensions between the United States and China. The shares are down modestly despite the company’s strong signal of confidence ahead of the holiday shopping season. <\/p>\n\n
What you need to know<\/strong><\/p>\n\n On Monday, Amazon announced plans to hire 250,000 temporary workers, maintaining its strong staffing levels of the past two years and defying concerns about a potential slowdown in consumer spending.<\/p>\n\n Wall Street sentiment remains firmly positive, with several analysts recently upgrading the stock and raising their price targets. Goldman Sachs reiterated its \u201cbuy\u201d rating in early October, raising its target to $275, while Wells Fargo upgraded its rating to \u201coverweight.\u201d <\/p>\n\n Investors are now awaiting the company’s next earnings report, due on October 30, to learn its direction. Analysts are forecasting significant quarterly revenue of approximately $177.7 billion and earnings per share of $1.56, which will serve as a key benchmark for the e-commerce and cloud computing giant. <\/p>\n\n