Stock of the Week: Amazon

Amazon shares have pushed to new highs in the pandemic, but could a new US President mean life is about to get harder for tech giants?

James Gard 22 October, 2020 | 11:20AM

Post-It Note

Tech earnings season is in full swing and investors will get to see how in-demand stocks like Amazon and Tesla have fared in the third quarter of 2020. Our Twitter followers have voted in force for Amazon as our stock of the week, which releases results on Thursday after the stock market closes.

Amazon (AMZN) has, of course, been one of the obvious stock market winners of the Covid-19 pandemic and its shares are up around 70% this year so far. But it is longer-term investors who’ve seen the most impressive gains – shares have increased a staggering 19 times since 2010. The upward march has continued as the company has rolled out services such as Amazon Prime, Kindle, Amazon Video and Amazon Fresh.

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About Author

James Gard  is content editor for Morningstar.co.uk

 

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