With just a 2.5% gain year to date -- against a 29% gain for the S&P 500 -- Amazon (AMZN) stock hasn't been quite the outperformer this year that it was in 2020 (when Amazon stock racked up 74% gains). If you already own Amazon stock, that's probably been a bit of a disappointment to you. But if you don't own Amazon stock, well, RBC Capital analyst Brad Erickson thinks it just might be an opportunity. After last year's amazing run, and this year's rather flat performance, Amazon stock carries a sky-high market capitalization of ~$1.
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Amazon com (NASDAQ:AMZN)
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From Oct 2021 to Nov 2021 Click Here for more Amazon com Charts.
Amazon com (NASDAQ:AMZN)
Historical Stock Chart
From Nov 2020 to Nov 2021 Click Here for more Amazon com Charts.