Between Amazon Prime and AWS, Amazon stock will continue to benefit from the company’s enormous presence in online retailing and cloud-based services. This is why shares trade at 73 times forward earnings and investors tolerate the occasional unprofitable quarter.
AMZN stock might just represent the best mega-cap growth story of all time.
This is not to say that Amazon stock won’t stumble from time to time. All equities do. But if you can just stick it out through the downturns — dollar-cost averaging all the way — there will be many more record highs to come.
Amazon operates 77 large-scale fulfillment centers here in the United States, and it has 17 more in progress.
The company just announced plans to raise its storage fees in November and December by 213% and 102%, respectively, year-over-year to accommodate increased holiday demand and “maximize inventory.”
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