Amazon.com

Happy Tuesday to all our readers! Our company today is Amazon.com (AMZN). Unfortunately, we have no been able to observe change in the market this week due to Hurricane Sandy and the NYSE Stock Exchange - our hearts go out to everyone in the Northeast affected by the storm! Well, let's look at Amazon. Amazon is an online retail company that was established in 1994; on this website, you can find and buy just about anything. The CEO Jeff Bezos brings innovative ideas to the company, which is growing from its online retailing into the mobile world, with the upbringing of devices such as the Kindle, and new tablets such as the Kindle Fire (HD); also, rumors are emerging of the possibility of Amazon offering a cellular phone. As with tremendous growth in technology, AMZN is seeing sustained growth on the market, having consistently made positive earnings per share (EPS) except for 2008. In late September of this year, Amazon announced plans to expand cloud storage, as to expand its currently standing Amazon Cloud Drive. Later in the month, the retail company won a lawsuit against Apple due to their use of the term, "app store," relative to Apple's "appstore," and no charges were filed. This thankfully avoided yet another drastic lawsuit involving Apple, and gained some ground on the market with increased activity surrounding Amazon. At the beginning of this month, critics claimed the Kindle Paperwhite a winner in the eBook category, placing Amazon once again at the top to earn yet more acclamation on the market. With all the new up-and-coming devices Amazon is releasing, as well as the expansion of cloud services, we advise to buy stocks in AMZN while they are relatively cheap, only around $238. Unfortunately, we bought a few shares two months ago before Amazon headed downhill, and have taken a $60 loss. We do, however, stand behind our predictions and believe Amazon will experience more growth after the NYSE picks back up.