Big Tech Stocks: AMZN
As for Amazon (AMZN), royalty among big tech stocks, it has become the online go-to retailer for just about everything. 95% of my shopping — storefront or internet — is done on AMZN.
AMZN reported that, on Cyber Monday, 426 items were ordered globally … per second. Those kinds of numbers have to strike fear into the big-box retailers who struggled over the holidays. Meanwhile, the company’s Prime service continues to gain momentum. And as with Costco (COST), any model that generates revenues from subscription fees is gold for the company.
I can’t value Amazon on a traditional basis because it is constantly in flux, constantly developing and innovating. But it has Jeff Bezos, and that’s enough for me.