This year as we compiled our expert picks for the Best Stocks of 2017, we also wanted to hear from you, the reader. Our poll was close for a while, with companies like Tesla Motors Inc (NASDAQ:TSLA), Bank of America Corp (NYSE:BAC) and Nvidia Corporation (NASDAQ:NVDA) — which Louis Navellier picked as his top stock for the year — all in the running.
But in the end, as it so often does, Amazon.com, Inc. (NASDAQ:AMZN) took the lead.
There are a multitude of drivers that brought Amazon to the point it’s at. Everyone knows about the broad strokes that have led to AMZN stock returning nearly 1,800% in the past 10 years, trumping the S&P 500 by 1,700 percentage points!
And based on our poll, a lot of people think Amazon is going to continue that outperformance through 2017.
Looking at what AMZN stock has in store, it’s hard to argue the point.
Amazon has built a solid foundation with its core e-commerce business. It has built a profit center out of its Amazon Web Services cloud offerings. And AMZN — always willing to try new things — is pressing forward with its Amazon Go brick-and-mortar stores, among other initiatives.
Now, we’ll see if Amazon can press past our 10 expert picks in the Best Stocks for 2017 contest.
Amazon Keeps Innovating
So, what’s new?
Amazon wants people to add grocery shopping to the long list of things that are now easier thanks to the power of apps with Amazon Go. The idea is you scan the app on your phone, then grab what you need and go … no fuss, no muss.
Analysts differ as to how big an impact Amazon Go will have, but there’s no denying that it’s emblematic of what has made Amazon such a good company for so long. AMZN stock keeps finding new ways to streamline the process of commerce.
In other words, it keeps finding new ways to make it easier for you to buy things from Amazon.
Speaking of which, there’s Amazon Prime … which also makes it easier to buy things from Amazon, but that the company has used to expand its reach into your household. While plenty of people pick it up for the shipping deals, it has also been growing its video offerings in an attempt to usurp streaming king Netflix, Inc. (NASDAQ:NFLX).