Amazon stock tops $2000 for first time

The share price of Amazon, the online retail giant and one of Wall Street's most popular and best-performing stocks, topped $2,000 for the first time Thursday, putting it within striking distance of joining Apple as the only U.S. companies with a market value of $1 trillion. At its peak price of $2,025.57 today, Amazon's market value swelled to an estimated $988 billion. Earlier this month, Apple became the first U.S. publicly traded company in history to achieve a market value of $1 trillion. 

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Jeff Bezos deserves more credit for the stock market rising than Trump does

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2 minutes ago, Meanwhile said:

The share price of Amazon, the online retail giant and one of Wall Street's most popular and best-performing stocks, topped $2,000 for the first time Thursday, putting it within striking distance of joining Apple as the only U.S. companies with a market value of $1 trillion. At its peak price of $2,025.57 today, Amazon's market value swelled to an estimated $988 billion. Earlier this month, Apple became the first U.S. publicly traded company in history to achieve a market value of $1 trillion. 

I am a shareholder and a customer. Pleased with both. I think Microsoft might be the next $trillion company. (?) It would need to go up 16% tho.

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The new $2,500 target is higher than all targets listed on FactSet. "We have increasing confidence that Amazon's rapidly growing, increasingly large, high margin revenue streams (advertising, AWS, subscriptions) will drive higher profitability and continued upward estimate revisions," wrote Morgan Stanley analyst Brian Nowak. He also updated his "bull case" valuation for Amazon, which he now pegs at $3,150 a share. The bull case assumes a 25% compound annual growth rate for subscription revenue through 2022, 33% for the AWS cloud business, and 37% for "other" revenue, which mainly includes advertising. Shares are up 103% over the past 12 months, while the S&P 500 SPX, -0.11% has gained 18%.

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5 minutes ago, Stephen said:

Jeff Bezos deserves more credit for the stock market rising than Trump does

This dog is unstoppable

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7 minutes ago, Meanwhile said:

The share price of Amazon, the online retail giant and one of Wall Street's most popular and best-performing stocks, topped $2,000 for the first time Thursday, putting it within striking distance of joining Apple as the only U.S. companies with a market value of $1 trillion. At its peak price of $2,025.57 today, Amazon's market value swelled to an estimated $988 billion. Earlier this month, Apple became the first U.S. publicly traded company in history to achieve a market value of $1 trillion. 

sure sounds like good news for "drone delivery" and Blue Origin.

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7 minutes ago, Meanwhile said:

The share price of Amazon, the online retail giant and one of Wall Street's most popular and best-performing stocks, topped $2,000 for the first time Thursday, putting it within striking distance of joining Apple as the only U.S. companies with a market value of $1 trillion. At its peak price of $2,025.57 today, Amazon's market value swelled to an estimated $988 billion. Earlier this month, Apple became the first U.S. publicly traded company in history to achieve a market value of $1 trillion. 

wow. I remember when someone said $500 per share for Amazon was ridiculous. LoL

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3 minutes ago, Joanna said:

The new $2,500 target is higher than all targets listed on FactSet. "We have increasing confidence that Amazon's rapidly growing, increasingly large, high margin revenue streams (advertising, AWS, subscriptions) will drive higher profitability and continued upward estimate revisions," wrote Morgan Stanley analyst Brian Nowak. He also updated his "bull case" valuation for Amazon, which he now pegs at $3,150 a share. The bull case assumes a 25% compound annual growth rate for subscription revenue through 2022, 33% for the AWS cloud business, and 37% for "other" revenue, which mainly includes advertising. Shares are up 103% over the past 12 months, while the S&P 500 SPX, -0.11% has gained 18%.

Amazon’s target gets a 35% boost to $2,500 from $1,850, which implies a market value of $1.2T.   

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Meanwhile, Bernie Sanders  sent out an email to his supporters asking them to join forces against Amazon, which he accused of paying its workers poor wages while its CEO and founder amasses unprecedented wealth. The email accused Amazon of engaging in “greed which seems to have no end” and encouraged readers to sign a petition that would impel Bezos to improve work conditions and increase wages.

The petition has received 120,000 signatures and garnered plenty of support across social media. Sanders also requested to hear from Amazon workers who have “used public assistance, such as food stamps, Medicaid or subsidized housing, in order to make ends meet.”

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