Should Investors Buy Amazon Stock Following Its Streaming Deal With Comcast?
CNBC's "Squawk Box" host Melissa Lee reported Friday that Amazon.com Inc (NASDAQ: AMZN) signed a new streaming deal with Comcast Corp (NASDAQ: CMCSA). Under the terms of the deal, new theatrical releases will premiere on Amazon Prime Video following a four-month run on Comcast's Peacock platform. The films will remain on Amazon Prime Video for 10 months before returning to Peacock for another four months. The multi-year deal is set to begin in 2022. See Also: Amazon Stock Is Breaking Out: Here's What Could Happen Next  Argus Research reiterated its Buy rating and $4,000 price target on Amazon today. The analyst firm cites Amazon's strong positioning in both e-commerce and cloud computing as reasons why the stock should be bought by most investors. Amazon "warrants long-term accumulation in most equity accounts," Argus Research said. Price Action: Amazon set a new 52-week high in trading yesterday. At last check Friday, the stock was down 0.50% at $3,712.90. Photo: Courtesy of Amazon. Don't forget to check out one of Benzinga's YouTube shows!