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$350 Billion Reasons to Buy Amazon Stock

A compelling case

Jefferies & Company analyst Brent Thill ran some calculations after attending Amazon's re:Invent cloud-computing conference late last month. Thill sees AWS generating sales of $26 billion this year and reaching revenue of $71 billion annually by 2022, giving AWS a market value of $350 billion. Earlier this year, Amazon's market cap briefly topped $1 trillion , but it's currently worth about $766 billion. Thill made the case back in April that AWS would triple over five years , topping $60 billion by 2022, so his latest call is even more enthusiastic. 

A review of Amazon's most recent financial report shows that Thill's estimates, while ambitious, aren't that far-fetched. AWS has already produced revenue of $18.2 billion for the first nine months of this year. The segment would need to generate sales of $7.8 billion in the fourth quarter, representing year-over-year growth of about 52%, to hit Thill's forecast. To put that into context, AWS revenue grew 46% year over year in its most recent quarter.

Queens home-sellers aren't waiting for Amazon to raise prices

"You're seeing asking prices going up about anywhere from 5% to 15%, but whether they’re getting that at contract is another thing," said Mary Torres, an agent at Queens brokerage Modern Spaces. "You’re going to see a lot more, by percentage of properties, going to ask, where a month ago or six months ago, they were going for 5% under ask."

Long Island City is shifting from a buyer's market to one favoring sellers in the wake of Amazon's decision to build an office hub that would eventually employ as many as 25,000 people. While some homeowners are testing demand now, others have taken properties off the sales market in anticipation of getting a higher price later, according to Torres.

Prices are also starting to rise in nearby Queens, Brooklyn and Manhattan neighborhoods that would be just a short commute for Amazon's Long Island City workers, according to StreetEasy.

Whether investors will see the gains they're expecting over the next several years remains to be seen, said Grant Long, senior economist at the listings website.

I'm a college student living in a dorm and I want to sign up for the Amazon Rewards Visa?

The Visa asks me of my mortgage and residential information. Now does that apply towards where I am residing right now? Or does that refer to my parents' house?

It makes no difference since I suspect you do not pay the mortgage at your parent's house. Your status would be "live with parents" or maybe dorm living could be considered "renting". Neither has anything to do with mortgages.