Old Faithful: Amazon Spurts
Obviously the talk-of-the-town after hours is Amazon (AMZN), which is, as of this moment, up over 16%. It’s a foregone conclusion that AMZN will have a market cap of over a quarter trillion dollars tomorrow, which is a lifetime high.
The funny thing is how Amazon has been consistently the butt of the “they’ve never made a dollar” jokes. What’s incredible to me is, over the long haul, what a steady performance this stock has been. There are utility stocks that have had wilder rides than this one which, over most of its lifespan, has had a relatively steady ascent (and this chart doesn’t even take into account the amazing pop it’s going to see at the opening bell tomorrow).
This blog is not, and have never been, investment advice. It is a place that allows me to express my own views on the market and specific securities – as well as make whatever cultural ...
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