Finance News News

‘This was the best quarter’ ever for a company

‘This was the best quarter’ ever for a company 468x60 club cash banner

To doubters of his bold statement, Cramer said, “What are you looking for, incrementalism? This wasn’t incrementalism. This is a new order.”

Amazon shares jumped in early trading Friday, briefly rising above its all-time high of $1,617.54.

Analysts were quick to gush over Amazon’s prospects.

The most bullish, Macquarie’s Ben Schachter, raised his 12-month price target on Amazon by 20 percent to $2,100, a level that would put the stock over $1 trillion in market value.

Cramer said, “The reason it’s not at a trillion is that people aren’t willing to pay $300 more than they should. But they could.”

“It’s going to a trillion dollars,” Cramer predicted.

Source : CNBC

Related posts

Lyra McKee funeral unites leaders across politics


TweetDeck users grumble over power app outage — RT Viral


Live: William Barr skips House hearing on the Mueller report


Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.