Amazon up 17.8% premarket after earnings late Thursday

Discussion in 'Stocks' started by GarrettKimmel, Jul 24, 2015.

What is your rate for AMZN?

  1. BUY (the price will go up)

    2 vote(s)
    66.7%
  2. HOLD

    0 vote(s)
    0.0%
  3. SELL (drop will come soon)

    1 vote(s)
    33.3%
  1. Amazon (AMZN, Tech30) shares bolted up by about 18% in extended trading after it released better-than-expected earnings on Thursday.

    If the shares hold onto those gains at the open, Amazon's market capitalization could trounce Wal-Mart's (WMT), making it the biggest retailer by value in the world.
     
  2. nursebee

    nursebee

    I do not have an answer to the poll, do not follow old growth...
     
  3. Based on the after-hours spike, Amazon's market cap is now worth about $264 billion. Wal-Mart is worth $233.5 billion.

    Looked at another way, Amazon grew by about $36 billion in the first half hour after its earnings crossed. For comparison, Twitter's market cap is $23.5 billion.
     
  4. Sotnis

    Sotnis

    How is market cap really relative to a company's performance? I prefer to look at operating earnings and revenues. What if we compare Amazon to Walmart now with these indicators, huh?
     
    Zestilio likes this.
  5. "What if we compare Amazon to Walmart now with these indicators, huh?" Nothing really changed. It is just nice news for AMZN holders =)