MickinMD ★ Posted March 15, 2022 Share #1 Posted March 15, 2022 I mentioned in a previous thread that Amazon stock is splitting 20-for-1 on July 15th and some of the fundamental reasons it's a good buy. I sold some of my Amazon stock at $3320.84/sh in April 2021 to pay for some of the additions, termite damage, etc. on my rebuilt house last year. I recently bought some of it back this week for $2936.95/sh. When it splits 20 for 1 in July I hope it stays above $146.85/sh - 1/20th of what I paid. Analysts are predicting, by consensus $204.90/sh in 12 months ($4098/20). I hope the analysts surveyed by Yahoo!finance (all numbers adjusted to the pre-split value) are right about it going to at least $3333, as much as $5000, and a consensus $4098 in 12 months, but they're almost always over-optimistic: their job includes encouraging people to buy stock. Still, the trends in the financials are excellent for a stock with a P/E of 45 Link to comment Share on other sites More sharing options...
donkpow Posted March 15, 2022 Share #2 Posted March 15, 2022 Amazon is the Golden Child of the market. It's in everybody's portfolio so unless some of unimagined catastrophe befalls the market, Amazon will rise and fall with the tide. Link to comment Share on other sites More sharing options...
12string Posted March 15, 2022 Share #3 Posted March 15, 2022 Block is a crazy cheap buy right now, It's a stock you want to hold for a few years, though, to real crush it. It's often included in the FAANG group, still in it's infancy Link to comment Share on other sites More sharing options...
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