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what stock is like buying amazon in 1997

by Claire Kirlin Jr. Published 3 years ago Updated 2 years ago
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The opportunity to get into Amazon when its market cap was just $438 million is gone forever. “The good news – there's a recently-IPO'd e-commerce microcap eerily similar to Amazon in 1997. “Like Amazon in 1997, it's an online e-commerce marketplace that's ambitious… yet incredibly small.

What if I had invested 1000 in Amazon in 1997?

As our chart illustrates, an initial investment of $1,000, enough to buy 55 shares at a price of $18 in May 1997, would now be worth more than $2 million.Jul 5, 2021

What can I buy instead of Amazon stock?

10 “Amazon Stocks” You Can Buy Instead of Amazon
  • Old Dominion Freight Line. With Old Dominion Freight Line, you get a well established shipping company that has been operating in America for decades. ...
  • Ulta Beauty. ...
  • Align Technology. ...
  • Regeneron Pharmaceuticals. ...
  • United Rentals. ...
  • Broadcom. ...
  • Abiomed. ...
  • TranfsDigm Group.

What was Amazon worth in 1997?

Amazon (AMZN -1.40%) has generated massive multibagger gains since its initial public offering (IPO) on May 15, 1997. The stock went public at $18, or a split-adjusted price of $1.50 per share. If you had invested just $5,000 in that IPO, your stake would be worth nearly $11.4 million today.Dec 29, 2021

Is Opendoor next Amazon?

Zillow's Exit From iBuying Confirms Opendoor Stock Is the 'Next Amazon' Zillow (NASDAQ:ZM) sent shockwaves through the real estate industry last week when the company announced its abrupt departure from the iBuying industry.Nov 7, 2021

What stocks will be big in the future?

Great growth stocks
Company3-Year Sales Growth CAGRIndustry
Amazon (NASDAQ:AMZN)25%E-commerce & cloud computing
Meta Platforms (NASDAQ:FB)26%Digital advertising
Salesforce.com (NYSE:CRM)21%Cloud software
Alphabet (NASDAQ:GOOG), (NASDAQ:GOOGL)22%Digital advertising
6 more rows
May 2, 2022

What companies will grow like Amazon?

10 beaten up growth stocks Wall Street Loves
Company / TickerMarket Cap (bil)Target Price
Amazon.com, AMZN1,483.90$4,130.02
IQVIA, IQV41.2$281.37
Horizon Therapeutics, HZNP23.4$144.08
Twilio, TWLO22.9$335.70
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Mar 15, 2022

Who bought Amazon in 1997?

The letter blurred out the exact date Mary and Larry bought the shares, but detailed how they bought two shares of Amazon in 1997, because that's all they could afford at the time. The stock split three times within the next two years, leaving the family with 24 shares.Apr 17, 2021

What was Apple stock worth in 1997?

Compare AAPL With Other Stocks
Apple Historical Annual Stock Price Data
YearAverage Stock PriceYear High
19970.16040.2606
19960.22250.3125
19950.36200.4409
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How many times has Amazon stock split since 1997?

Three stock splits

Amazon is no stranger to stock splits. It's carried out three in its history. But they haven't been in the company's most recent history. They all happened in the period of 1998 through 1999.
Mar 14, 2022

Is Opendoor stock undervalued?

OPEN is substantially undervalued. It is a high-risk, high-reward play. We are long at the Abstract Portfolio.Nov 4, 2021

Is Zillow owned by Amazon?

What if, rather than selling them to agents, Zillow, now owned by Amazon, just gives them to their agents. We see the Zillow offers program; we see a number of companies going into the I-Buyer business.Sep 27, 2019

Is Zillow a buy stock?

Zillow Stock Price

The stock has since pulled back significantly and now trades around $55 per share. That places the stock at just 10% higher than where it traded in 2017. The poor stock price performance has created an excellent buying opportunity.
Feb 16, 2022

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