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Amazon’s Mind Blowing Success

October 29, 2017
1258 Views

$62 Billion in a single day!

Yes you heard it right, that was how much market value was added to Amazon after earnings were reported.

You can read moreĀ Via cnbc.com

The single-day increase is around the market value of FedEx and more than approximately 420 companies in the S&P 500, according to FactSet. Amazon is also now the fourth-most-valuable company in the benchmark index.

This is truly mind blowing, and now makes Jeff Bezos the CEO and founder the richest man in the world.

Is Amazon still a good investment even after such a massive run up? Jim Cramer from CNBC believes it is and you can read more here .

With their recent purchase of Whole Foods, and rumors of Amazon entering the prescription drug market, is there any sector of the industry that they aren’t willing to take on?

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