Amazon's stock price is ahead of $ 2,000 for the first time, inches closer to the market value of $ 1 trillion
he shares Amazon's price, the online retail giant and one of the most popular and most outstanding stocks on Wall Street, ahead of $ 2,000 for the first time Thursday, putting it at an attractive distance to join Apple as the only US company with a $ 1 market value trillion.
The surge in Amazon stock prices came as technology stocks continued to lead the US stock market. the index is higher and moves with large technology weights, such as the Nasdaq composite and the Standard & Poor's 500, a record high.
At its peak price of $ 2,006.70 - late in the morning on Thursday - Amazon's market value rose to around $ 978.75 billion. Earlier this month, Apple became the first public company in history to reach a market value of $ 1 trillion.
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Amazon shares have become one of the best players on the bull market which began in March 2009, gaining more than 3,000 percent, data from the Dow Jones S & P index showed.
If Amazon closes above $ 2,000 on Thursday, it will be the only S & P 500 share to have a high share price, according to the Dow Jones S & P. Booking Holdings Index (previously Priceline) trading above $ 2,000 on earlier this year (touched a high of $ 2,229 in mid-March) but has since pulled back to around $ 1,947 per share.
Amazon is one of FAANG's shares called - Facebook, Apple, Netflix and Google-parent Alphabet are the others - a group of innovative technology giants who control their business and earn billions every quarter.
The Amazon juggernaut led by Jeff Bezos is not only king in the online retail industry, with around 50 percent of the total market, according to eMarketer, he is also a major player in the public cloud computing business, through the Amazon Web Services unit.
Amazon makes a lot of money - and its revenue is expected to continue to increase at fast clips. In the quarter ended June, Amazon reported $ 52.9 billion in sales and $ 2.5 billion in profits. The company told Wall Street that they expected third-quarter net sales of $ 54 billion to $ 57.5 billion, which is the same as year-on-year growth of 23 percent to 31 percent.
After Amazon's strong second quarter results, Michael Graham, an analyst at Canaccord Genuity, raised the target price from $ 2,000 per share to $ 2,100. Achievements that will hit the Amazon surpass the $ 1 trillion market value barrier. The Bull case of Morgan Stanley analyst Brian Nowak is $ 2,800, which will push Amazon's market capitalization to nearly $ 1.4 trillion.
The surge in Amazon stock prices came as technology stocks continued to lead the US stock market. the index is higher and moves with large technology weights, such as the Nasdaq composite and the Standard & Poor's 500, a record high.
At its peak price of $ 2,006.70 - late in the morning on Thursday - Amazon's market value rose to around $ 978.75 billion. Earlier this month, Apple became the first public company in history to reach a market value of $ 1 trillion.
READ ALSO : Rafael Nadal Has Returned to Signs of His Glory See Open U. S.
Amazon shares have become one of the best players on the bull market which began in March 2009, gaining more than 3,000 percent, data from the Dow Jones S & P index showed.
If Amazon closes above $ 2,000 on Thursday, it will be the only S & P 500 share to have a high share price, according to the Dow Jones S & P. Booking Holdings Index (previously Priceline) trading above $ 2,000 on earlier this year (touched a high of $ 2,229 in mid-March) but has since pulled back to around $ 1,947 per share.
Amazon is one of FAANG's shares called - Facebook, Apple, Netflix and Google-parent Alphabet are the others - a group of innovative technology giants who control their business and earn billions every quarter.
The Amazon juggernaut led by Jeff Bezos is not only king in the online retail industry, with around 50 percent of the total market, according to eMarketer, he is also a major player in the public cloud computing business, through the Amazon Web Services unit.
Amazon makes a lot of money - and its revenue is expected to continue to increase at fast clips. In the quarter ended June, Amazon reported $ 52.9 billion in sales and $ 2.5 billion in profits. The company told Wall Street that they expected third-quarter net sales of $ 54 billion to $ 57.5 billion, which is the same as year-on-year growth of 23 percent to 31 percent.
After Amazon's strong second quarter results, Michael Graham, an analyst at Canaccord Genuity, raised the target price from $ 2,000 per share to $ 2,100. Achievements that will hit the Amazon surpass the $ 1 trillion market value barrier. The Bull case of Morgan Stanley analyst Brian Nowak is $ 2,800, which will push Amazon's market capitalization to nearly $ 1.4 trillion.
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