diff --git "a/752d0a07-8aae-4556-9ea3-4d38eca6c152.json" "b/752d0a07-8aae-4556-9ea3-4d38eca6c152.json" new file mode 100644--- /dev/null +++ "b/752d0a07-8aae-4556-9ea3-4d38eca6c152.json" @@ -0,0 +1,40 @@ +{ + "interaction_id": "752d0a07-8aae-4556-9ea3-4d38eca6c152", + "search_results": [ + { + "page_name": "When Will Amazon Stock Finally Reach $2 Trillion? - Amazon Maven", + "page_url": "https://www.thestreet.com/amazon/stock/amazon-stock-finally-reach-2-trillion", + "page_snippet": "Amazon stock is the third most valuable in the US market. How long will it take shares to climb about 25% and reach the $2 trillion market cap milestone, joining Apple in the select trillion-dollar club?From a business fundamentals perspective, Amazon stock can reach the $2 trillion market cap if or once growth expectations materialize. For example, consider the math: AMZN currently trades at a 2021 forward price-earnings ratio of 58 times. Without any compression to valuation multiples, Amazon would be worth $2 trillion once annual EPS reached $70. Analysts currently expect the company to deliver earnings at these levels as early as 2022. Therefore, Amazon could very well reach the market cap milestone this time next year. Amazon stock is the third most valuable in the US market. How long will it take shares to climb about 25% and reach the $2 trillion market cap milestone, joining Apple in the select two trillion-dollar club? ... Amazon stock (AMZN) - Get Free Report has not gone anywhere in over half a year. How long will it take shares to climb about 25% and reach the $2 trillion market cap milestone, joining Apple in the select two trillion-dollar club? ... Amazon stock (AMZN) - Get Free Report has not gone anywhere in over half a year. Since reaching an all-time high in September 2020, shares have declined about 9%, now trading much closer to correction territory than to the stock\u2019s historical peak value of $1.8 trillion. Therefore, Amazon could very well reach the market cap milestone this time next year. From a valuation perspective, Amazon stock would be worth $2 trillion if its forward P/E merely expanded from 58 to 73 times. One or a combination of the following would probably need to happen: (1) an increase in long-term earnings and/or cash flow growth expectations; (2) a drop in interest (i.e. discount) rates; (3) a market-wide rally that is fueled by increased investor optimism.", + "page_result": "When Will Amazon Stock Finally Reach $2 Trillion? - Amazon Maven\nSkip to main content
\n \n
\n \n
    • \n \n
    \n     \n
    March 11, 2024
    \"Amazon

    When Will Amazon Stock Finally Reach $2 Trillion?

    Amazon stock is the third most valuable in the US market. How long will it take shares to climb about 25% and reach the $2 trillion market cap milestone, joining Apple in the select two trillion-dollar club?

    Amazon stock  (AMZN)  has not gone anywhere in over half a year. Since reaching an all-time high in September 2020, shares have declined about 9%, now trading much closer to correction territory than to the stock’s historical peak value of $1.8 trillion.

    Interestingly, Amazon stock’s lack of firepower has been inconsistent with the company’s outstanding performance throughout this pandemic period. If Marty McFly or Dr. Brown from Back To The Future had shown me Amazon’s fourth quarter 2020 and first quarter 2021 financial results six months ago, I would have bet that the company’s equity would be worth north of $2 trillion by now.

    Of course, I would have been wrong. I explain why below.

    \"Figure

    Figure 1: Amazon fulfilment center.

    Adobe Stock

    What has gone wrong?

    Let me be clear: it would be unfair to say that Amazon stock has not been a winner lately. Sure, shares have been stuck in the mud for seven months. But the chart below shows how far and how fast the company’s equity value has climbed recently: from $350 billion five years ago to $1.6 trillion now.

    The malaise of September 2020 to today can be probably blamed, first and foremost, on the stock’s impressive run of March through September of last year. The market seems to have anticipated Amazon’s strong performance during and even after the year of the stay-at-home economy.

    \"Figure

    Figure 2: AMZN market cap chart.

    Stock Rover

    Now, as the US economy slowly reopens, a few things have started to happen – none of which is particularly good news for Amazon and its stock:

    • The market has fully embraced what is known as the “cyclical rotation”: preference for growth stocks that can perform better in different macroeconomic environments has shifted to sectors that tend to outperform primarily during periods of economic recovery (banks, energy, travel and leisure, small cap, etc.).
    • Some experts have started to doubt that Big Tech companies will perform as well in the next few years, now that consumers are expected to spend less money inside their homes (online shopping, video streaming, etc.) than they did in 2020.
    • Inflation fears have been mounting and culminated in expectations for a multi-decade high of 2.7% between now and 2026. While Amazon’s financial results might not be particularly at risk from higher consumer prices (revenues could even benefit from it), the perceived value of a growth stock in the face of higher inflation and yields tends to decrease.

    Amazon and the road to $2 trillion

    Back to the original question: when will Amazon stock finally reach $2 trillion? Clearly, this is not an easy question to answer, because the future is uncertain. But the Amazon Maven proposes the following model that investors can use to think about the timeline:

    • From a business fundamentals perspective, Amazon stock can reach the $2 trillion market cap if or once growth expectations materialize. For example, consider the math: AMZN currently trades at a 2021 forward price-earnings ratio of 58 times. Without any compression to valuation multiples, Amazon would be worth $2 trillion once annual EPS reached $70. Analysts currently expect the company to deliver earnings at these levels as early as 2022. Therefore, Amazon could very well reach the market cap milestone this time next year.
    • From a valuation perspective, Amazon stock would be worth $2 trillion if its forward P/E merely expanded from 58 to 73 times. One or a combination of the following would probably need to happen: (1) an increase in long-term earnings and/or cash flow growth expectations; (2) a drop in interest (i.e. discount) rates; (3) a market-wide rally that is fueled by increased investor optimism. To be honest, I think that valuation expansion is the least likely path to $2 trillion.
    • From a chart analysis perspective, Amazon stock could get to $2 trillion if share price breaks through this $1.7-to-$1.8 trillion market cap resistance. The stock has been range-bound for several months. Investors would probably feel more comfortable investing in AMZN once they saw momentum develop once again.

    Twitter speaks

    In your opinion, when will Amazon stock finally reach the $2 trillion market cap milestone? Leave your vote below!

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    I have been impressed with the breadth and depth of information on markets, stocks and ETFs provided by Stock Rover. Stock Rover helps to set up detailed filters, track custom portfolios and measure their performance relative to a number of benchmarks.

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    (Disclaimers: this is not investment advice. The author may be long one or more stocks mentioned in this report. Also, the article may contain affiliate links. These partnerships do not influence editorial content. Thanks for supporting The Amazon Maven)

    \"103218290-GettyImages-498516206-2\"
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    ", + "page_last_modified": "" + }, + { + "page_name": "As Microsoft Nears $2 Trillion Market Cap, Amazon Is Most Likely ...", + "page_url": "https://www.forbes.com/sites/palashghosh/2021/04/26/as-microsoft-nears-2-trillion-market-cap-amazon-is-most-likely-to-reach-that-level-next/", + "page_snippet": "As Microsoft's market capitalization nears the storied $2 trillion mark Monday, Amazon is on pace to become the next company to follow, potentially reaching the $2 trillion mark next year as it climbs in size at a faster rate than either Apple or Microsoft.In a recent research note, Jefferies analyst Brent Thill confirmed his 12-month price target of $4,000 for Amazon, noting shares could jump by 70% over three years \u2013 meaning the retailer could reach $2 trillion market cap by early next year if not sooner and could reach $3 trillion in size by 2024. Apple became the first public U.S. company to reach $2 trillion in market cap in August 2020, doubling its value in just two years (although it took Apple 40 years from its 1980 IPO to reach $1 trillion). Amazon first touched the $1 trillion market cap threshold in January 2020, after 23 years as a public company. Amazon first touched the $1 trillion market cap threshold in January 2020, after 23 years as a public company. In the event Amazon reaches the $2 trillion market cap later this year or early next it would have taken the company 24 or 25 years from its 1997 IPO to attain the status \u2013 a faster pace than Apple. In the event Amazon reaches the $2 trillion market cap later this year or early next it would have taken the company 24 or 25 years from its 1997 IPO to attain the status \u2013 a faster pace than Apple. Looking at future growth prospects, while some Wall Street analysts are concerned about the departure of Jeff Bezos as Amazon chief, Ben Dunbar, managing partner, Gerber Kawasaki Wealth & Investment Management, in Santa Monica, Calif., told Forbes that the company has leaders that have been with the company for a long time and know how to run the business as Bezos does.", + "page_result": "As Microsoft Nears $2 Trillion Market Cap, Amazon Is Most Likely To Reach That Level Next
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    Breaking

    As Microsoft Nears $2 Trillion Market Cap, Amazon Is Most Likely To Reach That Level Next

    Palash Ghosh
    Former Staff
    This article is more than 2 years old.
    Updated Apr 26, 2021, 03:22pm EDT

    Topline

    \n

    As Microsoft's market capitalization nears the storied $2 trillion mark Monday, Amazon is on pace to become the next company to follow, potentially reaching the $2 trillion mark next year as it climbs in size at a faster rate than either Apple or Microsoft.

    \n

    GREECE - 2021/04/16: In this photo illustration an Amazon logo seen displayed on a smartphone screen ... [+] with a computer wallpaper in the background. (Photo Illustration by Nikolas Joao Kokovlis/SOPA Images/LightRocket via Getty Images)

    SOPA Images/LightRocket via Getty Images
    \n
    \n

    Key Facts

    \n
    \n
    \n

    As of 2:20 p.m. EDT Monday, Amazon shares were priced at about $3,409 with a market cap of $1.729 trillion, making it the third largest U.S., public company behind Apple and Microsoft.

    \n
    \n
    \n
    \n

    In a recent research note, Jefferies analyst Brent Thill confirmed his 12-month price target of $4,000 for Amazon, noting shares could jump by 70% over three years \u2013 meaning the retailer could reach $2 trillion market cap by early next year if not sooner and could reach $3 trillion in size by 2024.

    \n
    \n
    \n
    \n

    Thill added that his projections for Amazon do not even include \u201cpotentially meaningful contributions from\u201d the company\u2019s \u201cmulti-billion-dollar opportunities in health care, home security, smart-home devices, and entertainment.\u201d

    \n
    \n
    \n
    \n

    Amazon\u2019s rapid ascension reflects the fact that the company \u201chas so many growth drivers and [is] still in early innings in several categories,\u201d Brad Gastwirth, chief technology strategist at Wedbush Securities in Los Angeles, told Forbes.

    \n
    \n
    \n

    Gastwirth and other analysts think Amazon could topple Apple as the most valuable public company in a few years

    \n
    \n
    \n\n\n

    Key Background

    \n

    Apple became the first public U.S. company to reach $2 trillion in market cap in August 2020, doubling its value in just two years (although it took Apple 40 years from its 1980 IPO to reach $1 trillion). Amazon first touched the $1 trillion market cap threshold in January 2020, after 23 years as a public company. In the event Amazon reaches the $2 trillion market cap later this year or early next it would have taken the company 24 or 25 years from its 1997 IPO to attain the status \u2013 a faster pace than Apple. Looking at future growth prospects, while some Wall Street analysts are concerned about the departure of Jeff Bezos as Amazon chief, Ben Dunbar, managing partner, Gerber Kawasaki Wealth & Investment Management, in Santa Monica, Calif., told Forbes that the company has leaders that have been with the company for a long time and know how to run the business as Bezos does. Even if regulators force the company to break up, Dunbar pointed out Amazon has \u201camazing separate businesses\u201d and a forced break up \u201ccan still bode well for a company so dominant in so many different industries.\u201d Pierce Crosby, general manager of TradingView, a stock trading platform, told Forbes that if Amazon is forced by regulators to divest some assets over time, \u201cI would bet they've created contingency plans for every regulatory scenario on the horizon.\u201d

    \n

    Crucial Quote

    \n

    Cloud computing unit Amazon Web Services \u201ccontinues to dominate, no one will ever give up their [Amazon] Prime [subscription] and the pandemic has pushed the focus on convenience. I want to watch TV (use my Fire Stick to watch some Amazon content), I need groceries (Prime Now), I need anything else (Prime). On top of that AWS is on a $50 billion-plus annual run rate [of revenue] and is hugely profitable, and advertising spend is just kicking off,\u201d Dunbar told Forbes.

    \n

    What To Watch For

    \n

    As Wall Street prepares for Amazon\u2019s quarterly earnings release this Thursday, analysts at UBS expect the retailer \u201cto demonstrate its multi-faceted dominance\u201d with revenues growing by 27.5% in the first quarter, slightly below the 28% surge in the fourth quarter. UBS maintains a \u201cbuy\u201d rating on the stock and a 12-month price target of $4,150.

    \n
    \n

    Contra

    \n

    While having tech-internet stocks concentrated as the biggest public U.S. stocks may pose some risks to investors, Crosby takes a contrary view. \u201cThe dominance of technology's market cap is a reflection of the potential future value of the sum of the parts,\u201d he told Forbes. \u201cToday, many companies like Amazon have not achieved their full potential, and so the market is valuing not just their current cash flow statement, like they might a more traditional business, but valuing the addressable market for their products.\u201d

    \n
    \n

     Further Reading

    \n

    The World's Largest Public Companies (Forbes)

    \n

    Microsoft Nears $2 Trillion Market Value\u2014Second Only To Apple In The U.S. (Forbes)

    \n
    \n

    The Legacy That Jeff Bezos Is Leaving Behind At Amazon (Forbes)

    \n
    Send me a secure tip. 
    \"Palash
    Palash Ghosh

    ", + "page_last_modified": "" + }, + { + "page_name": "Apple, Microsoft, Amazon, Alphabet now worth combined $4 trillion", + "page_url": "https://qz.com/1777889/apple-microsoft-amazon-alphabet-now-worth-combined-4-trillion", + "page_snippet": "Last year, it was a big deal when ... to reach a $1 trillion valuation. It only a lasted a few months, and the iPhone maker dropped out of the exclusive club in the broad market decline at the end of the year. In the last few months of this year, a rally as significant as the selloff in 2018 pushed Apple\u2019s market capitalization comfortably ...Last year, it was a big deal when Apple became the first listed company to reach a $1 trillion valuation. It only a lasted a few months, and the iPhone maker dropped out of the exclusive club in the broad market decline at the end of the year. In the last few months of this year, a rally as significant as the selloff in 2018 pushed Apple\u2019s market capitalization comfortably back above the trillion mark. Together, Apple and Microsoft added a whopping $970 billion (or so) to their market caps this year, accounting for 15% of the gain in the S&P 500 index. Long-time rival Microsoft got there first, in fact, and both now sit at around $1.3 trillion in valuation. Together, they added a whopping $970 billion (or so) to their market caps this year, accounting for 15% of the bumper gain in the S&P 500 index. ... Amazon and Alphabet were no slouches, either, adding well over $100 billion to their market values this year. Together, they added a whopping $970 billion (or so) to their market caps this year, accounting for 15% of the bumper gain in the S&P 500 index. ... Amazon and Alphabet were no slouches, either, adding well over $100 billion to their market values this year. Amazon, now worth around $915 billion, is on pace to join the trillion-dollar club soon, assuming its good fortunes continue.", + "page_result": "Apple, Microsoft, Amazon, Alphabet now worth combined $4 trillion
    Markets
    TWELVE ZERO CLUB

    The four largest tech companies are now worth more than $4 trillion

    \"This
    This many trillions.
    Image: AP Photo/Bebeto Matthews
    By
    Jason Karaian

    Last year, it was a big deal when Apple became the first listed company to reach a $1 trillion valuation. It only a lasted a few months, and the iPhone maker dropped out of the exclusive club in the broad market decline at the end of the year.

    In the last few months of this year, a rally as significant as the selloff in 2018 pushed Apple\u2019s market capitalization comfortably back above the trillion mark. Long-time rival Microsoft got there first, in fact, and both now sit at around $1.3 trillion in valuation. Together, they added a whopping $970 billion (or so) to their market caps this year, accounting for 15% of the bumper gain in the S&P 500 index.

    Amazon and Alphabet were no slouches, either, adding well over $100 billion to their market values this year. Amazon, now worth around $915 billion, is on pace to join the trillion-dollar club soon, assuming its good fortunes continue. And speaking of fortunes, these four tech giants are now worth a combined $4 trillion; up from a mere $700 billion at the start of the decade.

    Including dividends, the S&P 500 gained just over 30% this year, according to preliminary data from S&P Dow Jones Indices. The roaring performance by technology firms, by far the largest component of the benchmark stock index, accounted for about a third of this year\u2019s gain. Over the past 30 years, the S&P 500 has returned around 10% per year, on average, making 2019 a standout performer (paywall) going into the final trading day of the year.

    Can it continue? For the tech giants, at least, analysts remain relatively bullish: they expect Apple to lose its shine somewhat, but think Microsoft, Alphabet, and (especially) Amazon will keep growing.

    \ud83d\udcec Sign up for the Daily Brief

    Our free, fast, and fun briefing on the global economy, delivered every weekday morning.

    ", + "page_last_modified": "" + }, + { + "page_name": "Apple, Microsoft, Amazon, Alphabet now worth combined $4 trillion", + "page_url": "https://qz.com/1777889/apple-microsoft-amazon-alphabet-now-worth-combined-4-trillion", + "page_snippet": "Last year, it was a big deal when ... to reach a $1 trillion valuation. It only a lasted a few months, and the iPhone maker dropped out of the exclusive club in the broad market decline at the end of the year. In the last few months of this year, a rally as significant as the selloff in 2018 pushed Apple\u2019s market capitalization comfortably ...Last year, it was a big deal when Apple became the first listed company to reach a $1 trillion valuation. It only a lasted a few months, and the iPhone maker dropped out of the exclusive club in the broad market decline at the end of the year. In the last few months of this year, a rally as significant as the selloff in 2018 pushed Apple\u2019s market capitalization comfortably back above the trillion mark. Together, Apple and Microsoft added a whopping $970 billion (or so) to their market caps this year, accounting for 15% of the gain in the S&P 500 index. Long-time rival Microsoft got there first, in fact, and both now sit at around $1.3 trillion in valuation. Together, they added a whopping $970 billion (or so) to their market caps this year, accounting for 15% of the bumper gain in the S&P 500 index. ... Amazon and Alphabet were no slouches, either, adding well over $100 billion to their market values this year. Together, they added a whopping $970 billion (or so) to their market caps this year, accounting for 15% of the bumper gain in the S&P 500 index. ... Amazon and Alphabet were no slouches, either, adding well over $100 billion to their market values this year. Amazon, now worth around $915 billion, is on pace to join the trillion-dollar club soon, assuming its good fortunes continue.", + "page_result": "Apple, Microsoft, Amazon, Alphabet now worth combined $4 trillion
    Markets
    TWELVE ZERO CLUB

    The four largest tech companies are now worth more than $4 trillion

    \"This
    This many trillions.
    Image: AP Photo/Bebeto Matthews
    By
    Jason Karaian

    Last year, it was a big deal when Apple became the first listed company to reach a $1 trillion valuation. It only a lasted a few months, and the iPhone maker dropped out of the exclusive club in the broad market decline at the end of the year.

    In the last few months of this year, a rally as significant as the selloff in 2018 pushed Apple\u2019s market capitalization comfortably back above the trillion mark. Long-time rival Microsoft got there first, in fact, and both now sit at around $1.3 trillion in valuation. Together, they added a whopping $970 billion (or so) to their market caps this year, accounting for 15% of the bumper gain in the S&P 500 index.

    Amazon and Alphabet were no slouches, either, adding well over $100 billion to their market values this year. Amazon, now worth around $915 billion, is on pace to join the trillion-dollar club soon, assuming its good fortunes continue. And speaking of fortunes, these four tech giants are now worth a combined $4 trillion; up from a mere $700 billion at the start of the decade.

    Including dividends, the S&P 500 gained just over 30% this year, according to preliminary data from S&P Dow Jones Indices. The roaring performance by technology firms, by far the largest component of the benchmark stock index, accounted for about a third of this year\u2019s gain. Over the past 30 years, the S&P 500 has returned around 10% per year, on average, making 2019 a standout performer (paywall) going into the final trading day of the year.

    Can it continue? For the tech giants, at least, analysts remain relatively bullish: they expect Apple to lose its shine somewhat, but think Microsoft, Alphabet, and (especially) Amazon will keep growing.

    \ud83d\udcec Sign up for the Daily Brief

    Our free, fast, and fun briefing on the global economy, delivered every weekday morning.

    ", + "page_last_modified": "" + }, + { + "page_name": "Amazon (AMZN) reaches $1 trillion market cap", + "page_url": "https://www.cnbc.com/2020/01/31/amazon-amzn-reaches-1-trillion-market-cap.html", + "page_snippet": "Amazon smashed earnings expectations for the fourth quarter of 2019.Amazon stock shot up more than 9% in early trading Friday, propelling its market cap to hit $1.02 trillion at the open and causing the stock to hit a new all-time intra-day high of $2,055.72. Amazon's stock needed a price of $2,008.80 to reach the $1 trillion mark at the start of trading, based on an outstanding count of 497,810,444 shares in the company's latest 10-K filing. By Friday's close, the stock was unable to hold onto those gains, with Amazon's market value settling below $1 trillion. In crossing the threshold, Amazon joins Apple, Alphabet and Microsoft, all of which have hit the key milestone. Amazon reached a $1 trillion market cap for the first time in September 2018. However, it surpassed the $1 trillion threshold intraday and wasn't able to hold onto those gains after the market close. Amazon briefly hit a $1 trillion market cap on Friday after a blowout earnings report for the fourth quarter of 2019. Amazon previously reached a trillion-dollar market capitalization in 2018. Amazon previously reached a trillion-dollar market capitalization in 2018. Tech giants Apple, Microsoft and Alphabet all have market caps greater than $1 trillion. ... Amazon briefly surpassed a $1 trillion valuation after reporting blowout earnings for its fourth quarter on Thursday.", + "page_result": "Amazon (AMZN) reaches $1 trillion market cap
    Skip Navigation
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    Watchlist

    Tech

    Amazon joins the trillion-dollar club again after knockout earnings report

    \"thumbnail\"/
    Annie Palmer@in/annierpalmer/
    WATCH LIVE
    Key Points
    • Amazon briefly hit a $1 trillion market cap on Friday after a blowout earnings report for the fourth quarter of 2019.
    • Amazon previously reached a trillion-dollar market capitalization in 2018.
    • Tech giants Apple, Microsoft and Alphabet all have market caps greater than $1 trillion.
    \"Amazon
    watch now
    VIDEO2:3202:32
    Amazon beats Street on earnings and revenues\u2014Three pros on what they're watching now
    Trading Nation

    Amazon briefly surpassed a $1 trillion valuation after reporting blowout earnings for its fourth quarter on Thursday.

    Amazon stock shot up more than 9% in early trading Friday, propelling its market cap to hit $1.02 trillion at the open and causing the stock to hit a new all-time intra-day high of $2,055.72. Amazon's stock needed a price of $2,008.80 to reach the $1 trillion mark at the start of trading, based on an outstanding count of 497,810,444 shares in the company's latest 10-K filing.

    By Friday's close, the stock was unable to hold onto those gains, with Amazon's market value settling below $1 trillion. Shares of Amazon ended the day down 7.3% to $2,008.72 and a market value of $995.9 billion.

    The company saw its market cap gain almost $96 billion from Thursday's close, which is bigger than the market value of UPS and 3M. In order for Amazon's market cap to rise $100 billion on Friday, the stock will need climb above $2,063.99.

    By mid-morning on Friday, nearly $16 billion worth of Amazon stock had changed hands, which is about triple the average volume for the stock. In comparison, Apple saw $17.6 billion of its stock change hands during the entire session on Wednesday, the day after its fiscal first quarter earnings report.

    In crossing the threshold, Amazon joins Apple, Alphabet and Microsoft, all of which have hit the key milestone. Amazon reached a $1 trillion market cap for the first time in September 2018. However, it surpassed the $1 trillion threshold intraday and wasn't able to hold onto those gains after the market close.

    Amazon's fourth-quarter results proved its investments in one-day shipping are paying off, as it pushed consumers to purchase more products during the holiday shopping season. The company posted fourth-quarter earnings of $6.47 per share, which crushed estimates of $4.03 per share.

    Amazon also gave upbeat guidance for the first quarter and provided updated figures on Prime subscribers, saying it now counts more than 150 million paying members in the program.

    \"Jefferies
    watch now
    VIDEO6:1306:13
    Jefferies Jared Weisfeld reacts to Amazon earnings
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