How much has Amazon stock increased in 2018?
Amazon stock has gained more than 70 percent in 2018 and has more than doubled in the last 12 months.
How much did Apple sell for before Amazon?
Apple had a pretty significant head start, surpassing $900 billion in market value eight months before Amazon, which reached $900 billion in July on the heels of its biggest Prime Day ever. Despite falling from session highs, Amazon posted its seventh straight day of gains.
Will Apple outperform Amazon?
Apple will outperform Amazon in the next few years, says Gene Munster. Squawk Alley. Amazon crossed the mark five weeks after Apple reached $1 trillion in early August after posting a strong quarterly report.
How much did Amazon make in the fourth quarter?
The company posted fourth-quarter earnings of $6.47 per share, which crushed estimates of $4.03 per share.
When did Amazon reach its $1 trillion cap?
Amazon reached a $1 trillion market cap for the first time in September 2018. However, it surpassed the $1 trillion threshold intraday and wasn’t able to hold onto those gains after the market close.
How much is Amazon's market cap?
Amazon briefly hit a $1 trillion market cap on Friday after a blowout earnings report for the fourth quarter of 2019. Amazon previously reached a trillion-dollar market capitalization in 2018. Tech giants Apple, Microsoft and Alphabet all have market caps greater than $1 trillion.
Summary
Behind Amazon's most recent earnings "disappointment", which the company attributed to commerce returning to a resemblance of "normalcy", remains a steadily growing revenue behemoth.
Amazon Is Evolving Again
Amazon's (NASDAQ: AMZN) history, from its beginnings as an online bookstore to it becoming the #1 retail giant, is one to marvel at. But in case you missed out, no worries: it is continuing to happen. Amazon is always evolving. This article will focus on Amazon's next great frontier: the cloud.
A Flat Amazon
Amazon's valuation has been flat now for over a year. The company continues to grow its e-commerce operations internationally, but slipped, most recently, after reporting disappointing Q2 '21 revenue.
Enter The Cloud
Jeff Bezos' successor, Andy Jassy (current Amazon CEO), led Amazon's cloud services, known as Amazon Web Services [AWS], since its inception. Jassy succeeding Bezos highlights an obvious impending evolution of Amazon: from focusing primarily on physical goods (via its e-commerce efforts) to the inclusion of digital services (via AWS).
Key Takeaways
Amazon's evolution from an online bookstore to the world's largest e-commerce retailer has justified a valuation exceeding $1T.
These could be some of the world's largest companies by the turn of the decade
A Fool since 2010, and a graduate from UC San Diego with a B.A. in Economics, Sean specializes in the healthcare sector and investment planning. You'll often find him writing about Obamacare, marijuana, drug and device development, Social Security, taxes, retirement issues and general macroeconomic topics of interest. Follow @AMCScam
Berkshire Hathaway
One of the surest ways to build wealth for more than five decades has been to hitch a ride on billionaire Warren Buffett's coattails. Buffett has been the CEO of conglomerate Berkshire Hathaway ( NYSE:BRK.A)( NYSE:BRK.B) since 1965, and in that time has led his company's shares to an average annual return of 20%.
Square
Whereas Berkshire Hathaway's current market cap is the closest on this list to $1 trillion, fintech stock Square ( NYSE:SQ) is the furthest away ($123 billion market cap). But that doesn't mean an eightfold return from this point isn't possible by 2030.
Salesforce
Another fast-growing mega-cap stock with a really good chance of hitting a $1 trillion valuation by 2030 is cloud-based customer relationship management (CRM) software provider Salesforce.com ( NYSE:CRM).
Visa
A fourth and final stock with a really good chance to hit a $1 trillion market cap by or before 2030 is payment-processing kingpin Visa ( NYSE:V). At a current market cap of $501 billion, shares of the company would simply need to double.
Dow Jones In The Stock Market Today
At around 1:30 pm ET, the tech-heavy Nasdaq rose 0.9%. The Dow Jones held a small 0.2% gain. The S&P 500 traded up about 0.5%. Meanwhile, the Russell 2000 rose 0.7%. Data showed volume was running lower on the Nasdaq and on the NYSE vs. the same time on Friday.
Facebook Rises Ahead Of Earnings
Social media stocks sold off unanimously last week after Snap ( SNAP) reported disappointing earnings. But shares of Facebook rebounded Monday as the company gears up to report earnings after the close. The stock traded a mild 0.2% higher.
Who owns Amazon shares?
Randi Zuckerberg, a former director of market development and spokeswoman for Facebook and sister to its CEO, Mark Zuckerberg, is a member of The Motley Fool's board of directors. Sean Williams owns shares of Amazon and Facebook.
How much is Facebook worth?
Facebook: Current market cap of $690 billion. The company that's likeliest to ascend to trillion-dollar status next is social media giant Facebook ( NASDAQ:FB). Yes, it certainly helps that Facebook only has $310 billion to go before reaching a $1 trillion valuation. However, there's more to it than mere proximity.