#1 - Amazon (NASDAQ:AMZN)
As of this writing, Amazon (NASDAQ:AMZN) is the seventh most popular stock on Robinhood. You know things are going well when the e-commerce giant had to hire 175,000 new employees to keep up with the pandemic demand. In the most recent quarter for which the company reported earnings, they posted net income of $5.2 billion on sales of $89 billion. The revenue was a 40% year-over-year increase which speaks to just how strong the demand was.
Online spending was increasing prior to the pandemic. However, it is likely that we’ve reached an inflection point and the e-commerce everything economy is now upon us. Which is why investors shouldn’t be too concerned about Amazon’s e-commerce revenue declining anytime soon.
But online shopping is only one reason to like Amazon. The company’s cloud division Amazon Web Services (AWS) has the highest market share in the global cloud infrastructure market, and with33% of the market, there’s no competitor particularly close. In fact, AWS makes up approximately 57% of the company’s operating income.
This is not a cheap stock by any measure. But it’s a stock that has consistently shown its ability to deliver increasing sales and earnings, and it shows no signs of slowing down.
About Amazon.com
Amazon.com, Inc engages in the retail sale of consumer products, advertising, and subscriptions service through online and physical stores in North America and internationally. The company operates through three segments: North America, International, and Amazon Web Services (AWS). It also manufactures and sells electronic devices, including Kindle, Fire tablets, Fire TVs, Echo, Ring, Blink, and eero; and develops and produces media content.
Read More - Current Price
- $198.70
- Consensus Rating
- Moderate Buy
- Ratings Breakdown
- 41 Buy Ratings, 2 Hold Ratings, 0 Sell Ratings.
- Consensus Price Target
- $235.77 (18.7% Upside)
