Where Will Amazon Stock Be in 5 Years?
The market hasn't been thrilled with Amazon (NASDAQ: AMZN) lately. The e-commerce giant reported pretty outstanding second-quarter results, but tariffs remain a threat to its profits, and a few parts of the report were less than positive. As a result, Amazon stock is now roughly flat year to date, even as the benchmark S&P 500 has climbed more than 10%.
But the disappointing updates were really a small part of what was largely an encouraging report. Let's review what's happening at Amazon and consider where it might be in five years.
In the years since it began operating three decades ago, Amazon has become the king of U.S. e-commerce. No domestic competitor has been able to come close to it. It keeps building on its lead with improved delivery times and wider assortments of products, and it's upgrading its own fulfillment chain with robotics and drone deliveries. It also has leverage with suppliers and delivery providers. It's a combination that provides it with a robust moat that has kept it on top.
Source Fool.com
