Amazon Just Added $125 Billion to Its Market Cap: Here's Why I'm Still Loading Up on Shares
Despite Amazon (NASDAQ: AMZN) being a behemoth $1.65 trillion company at the end of January, the fourth quarter results released on Feb. 1 were so impressive that the stock rose nearly 8% the next day, adding another $125 billion to its market cap.
For reference, that's like adding another business the size of Lowe's or UPS to its market cap. Despite this jump, I think it's just the beginning for Amazon's stock, as there was a lot of promising news in this report.
Amazon is slowly becoming a service-based company rather than an e-commerce store. Although revenues from its online stores grew at a respectable 9% pace to $70.5 billion, its service divisions fared much better.
Source Fool.com
United Parcel Service Inc. Stock
€136.12
-0.340%
With 13 Buy predictions and only 1 Sell predictions the community sentiment for the stock is positive.
As a result the target price of 162 € shows a slightly positive potential of 19.01% compared to the current price of 136.12 € for United Parcel Service Inc..
