Investors looking to cash in on the holiday trade may have missed the boat on Amazon , according to Bank of America. While Amazon tends to outperform retail stocks on Cyber Monday, history shows that the e-commerce giant typically lags the market between the popular online shopping day and Christmas, the bank’s trading desk noted. Since 2016, Amazon’s lagged the market during this period every single year, underperforming the SPDR S & P 500 ETF Trust (SPY) by the widest margin — 6% — in 2022, data shows. In 2020, the stock experienced the smallest performance lag, trailing the market by 1.8%. Amazon shares rose less than 1% on Monday and have gained about 11% this month. Year to date, the stock’s rallied more than 75%. AMZN YTD mountain Amazon’s year-to-date performance This Cyber Monday, Amazon outperformed the SPDR S & P Retail ETF by 1.3%. It experienced the largest outperformance in 2018 (3.3%). Other major winners this Cyber Monday included Wayfair , Shopify and Affirm , which rallied about 7%, 5% and 12%, respectively. On Tuesday, however, Amazon fell slightly while the SPY ticked higher. — CNBC’s Michael Bloom contributed reporting
