1.25 million square foot Amazon shipping center in Schertz, Texas.

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Amazon‘s growth profile makes it a great stock to own in the current low interest-rate environment, according to Morgan Stanley.

The firm added Amazon to its “Fresh Money Buy List,” as Amazon’s heavy investments are manifesting sooner than expected.

“In a world of low rates, AMZN’s long duration growth profile and inflecting confidence on its achievability of higher profitability look compelling,” Morgan Stanley analyst Brian Nowak said in a note to clients.

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Morgan Stanley adds Amazon to its list of favorite stocks. Here are the rest

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