Munster: Amazon Investing in Right Areas for Growth

Oct. 28 -- Gene Munster, senior research analyst at Piper Jaffray, discusses third-quarter results from Amazon and looks at the company's targeted spending on content and distribution centers to expand its business. He speaks on "Bloomberg Daybreak: Americas." Munster, his family, and firm, do not own shares of Amazon, but his firm is making a market in the security at the time of Munster's research report. Piper Jaffray will buy and sell Amazon.com securities on a principal basis.