Tech Stock #1: Amazon.com (AMZN)

Posted Jan 2nd 2010 11:30AM by Louis Navellier
Filed under: Amazon.com (AMZN), Stocks to Buy, Technology

The world's largest online retailer, Amazon.com (AMZN), is currently trading for more than $130.

Fueling the surge has been a stunning Q3 report where the company obliterated earnings estimates, prompting shares to skyrocket 26% in one day. And shares have continued to race up in December on strong holiday sales and the dominance of Amazon's Kindle e-reader.

I rate this stock a bargain for anything less than $150 a share, so buy with confidence.

Next: Tech Stock #2: Apple (AAPL)

At the time of publication, Louis Navellier owned shares of AMZN in personal or client portfolios.

Tags: Amazon.com, AMZN, Louis Navellier, stocks to buy, tech stocks

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Reader Comments (Page 1 of 1)

1-04-2010 @ 9:28PM

Indranil Sengupta said...

What about valuations of AMZN? We feel that the December retail sales is already baked into the stock price. Also, with Apple's impending tablet PC announcement, there is a good possibility that Amazon's Kindle sales will suffer. Our rating on AMZN is a hold at this time based on risk/reward analysis.
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