Actionable news
0
All posts from Actionable news
Actionable news in WMT: WAL-MART STORES Inc,

Can Amazon’s Market Value Hit Half A Trillion Dollars?

At least one Wall St. analyst believes the value of Amazon’s (NASDAQ: AMZN) share prices will reach $1,000, up from $709. Its market value is currently $335 billion. Is half a trillion far away?

The arguments in favor of Amazon break into four pieces. The first is that part of the collapse in the revenue and forecasts of Macy’s (NYSE: M), J.C. Penney (NYSE: JCP) and Nordstrom (NYSE: JWN) last week were not just because of a weak environment. Amazon continues to take their business as it has for years. Part of Amazon’s run toward $100 billion in annual sales is the ruin of bricks-and-mortar...


More