Leading e-commerce and tech company Amazon (NASDAQ: AMZN) has been rallying recently, after posting strong quarterly earnings numbers, hitting a new all-time high of more than $287 along the way. It’s now up around 19% for the year, and its market cap is hovering around $3 trillion. The business has been doing exceptionally well as its growth rate has been solid, and its growth opportunities are plentiful.
But has the stock gotten too expensive, or can it still be a good buy at its current levels?
Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a “Double Down” signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same “Total Conviction” signal is flashing for a company 1/100th the size of Nvidia. Continue »
Amazon’s cloud business has been taking off
A key reason investors have been bullish on Amazon’s stock of late has been due to its…
https://finance.yahoo.com/markets/stocks/articles/amazon-stock-hits-time-high-121433063.html