January 31, 2012
SpeculatingStocks.com Stock Pick: Amazon.com, Inc. (AMZN)
Stock Price: $192.15
Amazon.com, Inc. operates as an online retailer in North America and internationally. It operates retail Web sites, including amazon.com and amazon.ca.
Amazon is one of those rare companies that has a real shot at becoming a $200 billion company. Those are the Microsoft, Google and Apples of the world.
AMZN is now trading at a market cap of $87.38 billion. Amazon has a huge strategic advantage to enter new industries because they are the Walmart of the Internet. Their site is heavily trafficked and people go to it to spend.
AMZN's CEO Jeff Bezo's also knows how to create new product markets such as what he did with the Kindle and the e-reader space. AMZN has also made bold incremental charges into the tablet space with their Kindle Fire.
AMZN is now trading at around the $190 level after rebounding from a spike below $170. AMZN is over $50 off of its 52-week high, which is at $246.71. This company has a bright future ahead of it.
Speculative Score: 1
1 Being the Least Speculative and Most Confident
10 Being the Most Speculative and Possibly the Most Risky