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A Look at Goldman Sachs’s Current Strategy and Stock Picks

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Part 4
A Look at Goldman Sachs’s Current Strategy and Stock Picks PART 4 OF 6

What Goldman Sachs Thinks about Amazon

Goldman Sachs on Amazon

Goldman Sachs (GS) included Amazon (AMZN) in its recent stock picks. The firm estimates that Amazon’s annual sales growth could improve 21.5% from 2016 to 2019.

What Goldman Sachs Thinks about Amazon

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Amazon is a strong player in the online retail space (XRT). Its addressable market is much larger than Facebook’s (FB) and Alphabet’s (GOOGL). Billionaire Bill Miller believes Amazon could double in the next three years.

According to Wall Street analysts’ estimates, Amazon’s overall sales could rise 26%. Goldman Sachs is expecting sales growth of 21.5% for the company. Read A Fundamental Analysis of Amazon’s Earnings to learn more about its revenue growth projections and EBITDA (earnings before interest, tax, depreciation, and amortization).

Amazon’s performance

Amazon has provided a strong return so far in this year. On a year-to-date basis, it returned nearly 33% as of July 14, 2017. The broader market S&P 500 Index (SPY) (QQQ) (IWM) returned nearly 8.9% during the same period. Amazon is currently trading at $1,001.81. The stock has returned nearly 112% in the past two years.

The stock is currently trading 7.8% above its 100-day moving average and 1.4% above its 20-day moving average.

In the next part of this series, we’ll analyze the performance of Marriott.

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