amazon-stock-has-had-a-tough-year-why-jp-morgan-sees-big-gains-ahead.

Amazon Stock Has Had a Tough Year. Why J.P. Morgan Sees Big Gains Ahead.

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Amazon.com shares have been under pressure lately, down about 11% since the e-commerce and cloud-computing giant reported June-quarter results on July 29, underperforming the 3% decline on the S&P 500 over the same period.

The company has been beset by myriad worries about its core online retailing business—and therein lies an opportunity for intrepid investors.

In…