Shares of the online retailer fell yesterday on earnings but are now up 2% to an all-time high. Is it too expensive and what's behind this amazing run?
Can anything stop Amazon?
Shares of the online retailer fell on earnings but have since recovered. They're now up 2% to an all-time high.
If you think $300 per share is pricey, here's a fun fact: Amazon's price-to-earnings multiple is 114 compared to the S&P 500's 15.
That means it is nearly eight times higher than the overall market. So, is Amazon expensive? And what's behind its amazing run?
On CNBC's Closing Bell's Talking Numbers segment, Enis Taner, Global Macro Editor at RiskReversal.com, and Abigail Doolittle, Technical Strategist at The Seaport Group, look at the fundamentals and technicals behind Amazon.
To hear Taner and Doolittle analyze Amazon, watch the video above.