In October 2013, Money Morning Defense and Tech Specialist Michael A. Robinson predicted that Amazon.com Inc. (NASDAQ: AMZN) was destined to hit $1,000 per share.
According to Michael, his bold price prediction "had to do with my thesis that high tech is vital to our economy and your investment portfolio... the road to wealth is paved by tech."
Five years later, little has changed for Michael and his belief in Amazon stock...
In October 2013, Money Morning Defense and Tech Specialist Michael A. Robinson predicted that Amazon.com Inc. (NASDAQ: AMZN) was destined to hit $1,000 per share.
According to Michael, his bold price prediction "had to do with my thesis that high tech is vital to our economy and your investment portfolio... the road to wealth is paved by tech."
Five years later, little has changed for Michael and his belief in Amazon stock...
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Last month, Amazon CEO Jeff Bezos revealed in a shareholder letter that his company has 100 million Prime subscribers worldwide.
But the memo contained another statistic we find even more compelling... one the mainstream media completely missed.
And it hints at where and what Bezos has his sights set on next.
Amazon is changing retail, groceries, and even healthcare as we know it.
The companies that can't adapt are dead in the water.
This big box retailer, however, is making all the right moves to stay in the game...
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Amazon.com Inc. is in talks to develop a "checking-account-like product" for consumers. Considering Amazon's recent forays into healthcare, package delivery, and brick-and-mortar retail, the company's move into finance is not surprising.
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Shipping with Amazon is going to revolutionize the package-delivery market.
Amazon is going to start cutting out other services by sending products directly to customers.
And for Amazon shareholders, this could be a boon for the AMZN stock price...
Analysts are speculating that Amazon may soon add another prize to its collection: Target Corp.
But our Chief Investment Strategist Keith Fitz-Gerald sees an entirely different company taking on that deal.
One that he's long been recommending to his readers...
Money Morning Chief Investment Strategist Keith Fitz-Gerald appeared on Fox Business Network's "Varney & Co." yesterday to discuss why Amazon will hit $2,000.
And, more importantly, why it will get there so quickly...
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Amazon is lowering third-party vendor product prices to compete more fiercely with other low-cost rivals like Wal-Mart Stores Inc. and Dollar General Corp.
But this move may backfire, catching the eye of one of Amazon's arch-nemeses...
In the latest Amazon cryptocurrency news, there's some concrete evidence the retail giant is paying attention to Bitcoin and Ethereum.
Amazon registered three domain names, one being specifically for Ethereum.
Here's what it means for investors...
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Amazon's acquisitions in 2017 helped the online retail giant net $1.3 billion in Q3 2017 alone from Whole Foods.
In 2018, the company may be eyeing even bigger targets to purchase.
Here are the three companies Amazon could buy, as well as how to profit from Amazon for under $40...
This chart shows just how powerful the e-commerce leviathan has become...
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Amazon.com Inc. wasn't always the Internet behemoth that it is today.
Check out this short video - you might be surprised...
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Amazon shook the grocery industry to its core when it acquired upscale grocery chain Whole Foods Market for a hefty $13.7 billion in cash on June 16.
Now, the online-focused retailer has its sights set on a new, much larger market...
Amazon just opened up a brick-and-mortar retail store in NYC.
It's a complete 180 from traditional business models... and it's pure genius.
Here's how Amazon plans to pull it off...
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Investors are hoping for an Amazon stock split in 2017 as the AMZN stock price has almost reached $1,000 per share.
For most retail investors, that's just too expensive.
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