4 Top Tech Stocks For December

On November 17th, AMZN launched Amazon Pharmacy, a delivery service for prescription medicine. This new service would be offered at a discount of up to 80%, to Amazon Prime members for generic drugs, and 40% for branded medication.

AMZN’s revenue during the third quarter that ended September 2020 climbed 37% year-over-year to $96.1 billion. Meanwhile, the company’s EPS for the quarter surged 192.4% over the prior year period to $12.37.

The consensus estimate for revenue for the fourth quarter ending December 2020, $119.4 billion, indicates a 36.6% increase year-over-year. Meanwhile, the EPS for the fourth quarter is expected to be $7.09, up 9.6% year-over-year.

AMZN gained 72.4% year-to-date to close at $3,185.07 on Wednesday. During the past six months, the stock has increased 30.5%.

How does AMZN stack up for the POWR Ratings?

A for Industry Rank

B for Buy & Hold Grade

B for Overall POWR Rating.

It is ranked #14 out of 59 stocks in the Internet industry.

Alphabet, Inc. (GOOGL - Get Rating)

GOOGL is a global leader in the digital advertising space. As a search engine, it commands a 90% share of the global market. GOOGL also has a lot of other businesses under its umbrella. YouTube, Google Play and its Smart Home speakers are some of these services which have become indispensable as people continue to be confined at home. The company’s revolutionary businesses like Waymo, a self-driving car company, and Verily, a Life Sciences business, also have immense prospects.

GOOGL’s revenue during the third quarter that ended September 2020 jumped 14% to $46.2 billion, compared to the same period last year. Its revenue was driven by a recovery in advertising revenue. YouTube’s ad revenues climbed 32.6% in the third quarter. At the end of the third quarter, YouTube Music and YouTube Premium had a combined paid subscriber base of over 30 million. Meanwhile, the company’s EPS for the third quarter jumped 62% year-over-year to $16.40.

Analysts expect revenue for the quarter ending December 2020 to be $53.1 billion, up 15.2% year-over-year. EPS is expected to grow at 16.5% per annum over the next five years.

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