Amazon's Stock May Rise 11% as Earnings Quadruple

Michael Kramer | August 13, 2018

Amazon's Stock May Rise 11% as Earnings Quadruple
Amazon.com Inc.’s stock price has taken off as if it were one of Jeff Bezos’ Blue Origin rockets, rising more than three-fold over the past three years. As if analysts weren't already bullish enough, now they are looking for shares to rise even higher, by as much as 11%, from its current price around $1,910. Should shares rise as forecast, it would add another $102 billion to Amazon's market capitalization, taking it over $1 trillion, joining Apple Inc. Earnings estimates are also taking off, with analysts upping their earnings outlooks through the year 2020. The optimism follows blowout second-quarter results that saw Amazon's earnings beat analyst estimates by nearly double.  Even more impressive, the profits of $5.07 per share in the second quarter were nearly 11% higher than its earnings of $4.55 for all of 2017.

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According to the Mortgage Banker’s Association’s (MBA) analysis of the Federal Reserve Board Flow of Funds data for 2013, the multifamily portion of mortgage debt outstanding (MDO) accounted for approximately 8.4 percent of the $10.8 trillion total MDO, or $917 billion. Figure


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Spotlight

According to the Mortgage Banker’s Association’s (MBA) analysis of the Federal Reserve Board Flow of Funds data for 2013, the multifamily portion of mortgage debt outstanding (MDO) accounted for approximately 8.4 percent of the $10.8 trillion total MDO, or $917 billion. Figure

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