Amazon (AMZN) led the S&P 500 to its best day in 2 months.
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Bernstein gave Amazon a $1,000 price target.
Amazon was up 23 points today.
It closed at $703 – an all-time high.
Amazon has a lot of drivers going for it.
Will Amazon overcome the $1,000 price target?
In the past, the $1,000 price target didn’t do any favors to Qualcomm (QCOM) or Apple (AAPL).
Yesterday Tyson Foods (TYS) said that it’s launching “Tyson Taste Makers” with Amazon to compete with Blue Apron, Hello Fresh and other meal delivery subscription companies.
Today Amazon announced that its Video Direct Service will compete with YouTube by having its own online video posting service.
To help lure talent, Amazon will have the “AVD Stars” program.
It will have a pool of $1 million dollars to be paid among the the top talent creators each month (on top of their regular earnings)
And this evening, Salesforce (CRM) announced it will be using Amazon Web Services for more of its cloud needs.
Amazon CEO Jeff Bezos is now the 4th richest person in the world.
He’s worth $2 billion more today.
His total net worth is now $61.2 billion.
Warren Buffett is the 3rd richest person in the world.
The Berkshire Hathaway (BERk-A) (BRK-B) CEO is worth $67.9 billion.
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