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Sound the alarms! Amazon (AMZN - Free Report) finally touched $1,000! Shares of the internet behemoth marched higher in early Tuesday morning trading, reaching a new high and crossing over the monumental $1,000 threshold for the first time.
Amazon shares quickly lurched back down below $1,000, but nevertheless, the celebration is on. Investors have been eyeing the quadruple digits for months as the e-commerce king has continued to steadily climb. Heading into today, AMZN was up nearly 33% year-to-date.
The attention will now turn to Alphabet Inc. (GOOGL - Free Report) , another internet conglomerate set to hit $1,000 soon. Shares of Alphabet—the company formerly known as Google—hit an intraday of $997.62 around the same time that Amazon hit its historic $1,001.20 peak this morning.
Despite what some might call uncertainty in Washington, this strong bull market rages on, and investors seem keen to drive share prices of our large cap tech giants even higher. Of course, these are uncharted territories for both Amazon and Alphabet, so these stocks could meet some resistance at the $1,000 level, but the fundamental picture for both companies remains solid.
As these stocks look to find their home above $1,000, their respective businesses seem to be at exciting new points.
Amazon has established itself as a major cloud services player, and Jeff Bezos and company look willing to double down on their media investments in an effort to dominate the entertainment world.
On the other hand, Alphabet appears more efficient than ever. Years of research and development in the emerging markets of artificial intelligence, fiber networks, and self-driving vehicles could also provide new growth opportunities in the coming years.
And the best part? When Amazon and Alphabet win, we win. As consumers, their products can change our lives. As investors, their success can inflate our portfolios. It’s really a win-win all around.
So cheers to $1,000, and may both companies find good luck on the road to $2,000!
Want more stock market analysis from this author? Make sure to follow @Ryan_McQueeneyon Twitter!
More Stock News: 8 Companies Verge on Apple-Like Run
Did you miss Apple's 9X stock explosion after they launched their iPhone in 2007? Now 2017 looks to be a pivotal year to get in on another emerging technology expected to rock the market. Demand could soar from almost nothing to $42 billion by 2025. Reports suggest it could save 10 million lives per decade, which could in turn save $200 billion in U.S. healthcare costs.
A bonus Zacks Special Report names this breakthrough and the 8 best stocks to exploit it. Like Apple in 2007, these companies are already strong and coiling for potential mega-gains. Click to see them right now >>
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Amazon Shares Hit $1,000, Alphabet Inches Closer
Sound the alarms! Amazon (AMZN - Free Report) finally touched $1,000! Shares of the internet behemoth marched higher in early Tuesday morning trading, reaching a new high and crossing over the monumental $1,000 threshold for the first time.
Amazon shares quickly lurched back down below $1,000, but nevertheless, the celebration is on. Investors have been eyeing the quadruple digits for months as the e-commerce king has continued to steadily climb. Heading into today, AMZN was up nearly 33% year-to-date.
The attention will now turn to Alphabet Inc. (GOOGL - Free Report) , another internet conglomerate set to hit $1,000 soon. Shares of Alphabet—the company formerly known as Google—hit an intraday of $997.62 around the same time that Amazon hit its historic $1,001.20 peak this morning.
Despite what some might call uncertainty in Washington, this strong bull market rages on, and investors seem keen to drive share prices of our large cap tech giants even higher. Of course, these are uncharted territories for both Amazon and Alphabet, so these stocks could meet some resistance at the $1,000 level, but the fundamental picture for both companies remains solid.
As these stocks look to find their home above $1,000, their respective businesses seem to be at exciting new points.
Amazon has established itself as a major cloud services player, and Jeff Bezos and company look willing to double down on their media investments in an effort to dominate the entertainment world.
On the other hand, Alphabet appears more efficient than ever. Years of research and development in the emerging markets of artificial intelligence, fiber networks, and self-driving vehicles could also provide new growth opportunities in the coming years.
And the best part? When Amazon and Alphabet win, we win. As consumers, their products can change our lives. As investors, their success can inflate our portfolios. It’s really a win-win all around.
So cheers to $1,000, and may both companies find good luck on the road to $2,000!
Want more stock market analysis from this author? Make sure to follow @Ryan_McQueeney on Twitter!
More Stock News: 8 Companies Verge on Apple-Like Run
Did you miss Apple's 9X stock explosion after they launched their iPhone in 2007? Now 2017 looks to be a pivotal year to get in on another emerging technology expected to rock the market. Demand could soar from almost nothing to $42 billion by 2025. Reports suggest it could save 10 million lives per decade, which could in turn save $200 billion in U.S. healthcare costs.
A bonus Zacks Special Report names this breakthrough and the 8 best stocks to exploit it. Like Apple in 2007, these companies are already strong and coiling for potential mega-gains. Click to see them right now >>