Amazon may not have delivered the biggest percentage gains since the stock market bottomed out, but its performance in 2020 is pretty impressive, especially when you consider that it's the third-largest publicly traded company on the U.S. exchanges at $1.34 trillion. At no point in 2020 has Amazon's share price been down more than 9% on a year-to-date closing basis. What's more, the company's year-to-date gain (through June 29) of 45% represents a 50-percentage-point outperformance of the benchmark S&P 500. Read More...
Mark My Words: Amazon Will Hit $3 Trillion in 4 Years (or Less)
Amazon may not have delivered the biggest percentage gains since the stock market bottomed out, but its performance in 2020 is pretty impressive, especially when you consider that it’s the third-largest publicly traded company on the U.S. exchanges at $1.34 trillion. At no point in 2020 has Amazon’s share price been down more than 9% on a year-to-date closing basis. What’s more, the company’s year-to-date gain (through June 29) of 45% represents a 50-percentage-point outperformance of the benchmark S&P 500.
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