Skip to main content

Nasdaq AMZN Amazon

Why DigitalOcean Stock Rocketed Nearly 19% Higher Today

4 years 8 months ago
What happened Shares of DigitalOcean Holdings (NYSE: DOCN) rose by 18.8% Thursday. The stock market overall was volatile as it reacted to Russia's invasion of Ukraine, though the major indexes ultimately finished the day with gains. But the cloud computing platform provider surge

How to Win With Game Stocks

4 years 8 months ago
In one of the most volatile episodes in stock market history, investors early last year took the shares of a company called GameStop (GME) on a wild ride that few would have expected for a business that's mostly a brick-and-mortar antique, the gaming version of a chain of

1 Big Reason You Shouldn't Bet Against Meta

4 years 8 months ago
A lot has been said about Meta Platforms (NASDAQ: FB) since its fateful fourth-quarter 2021 earnings update: Its digital advertising dominance is "over," ended by Apple's (NASDAQ: AAPL) user privacy changes; its bet on the "metaverse" will be an ill-fated dystopian tech experimen

IMAX's Q4 Report: 3 Lessons for AMC and Cinemark Investors

4 years 8 months ago
Larger-than-life cinema technologist IMAX (NYSE: IMAX) posted its fourth-quarter results on Wednesday. The report drove IMAX shares as much as 10.5% higher in Wednesday's after-hours trading, and it painted a vivid picture of the state of the industry. Hence, investors in other l

ESGV, AAPL, AMZN, GOOG: Large Inflows Detected at ETF

4 years 8 months ago
Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the Vanguard ESG U.S. Stock ETF (Symbol: ESGV) where we have detected an approximate $207.2 million dollar inflow -- that's a 3.7% increase week over we

What Elon Musk, Jeff Bezos, Cornelius Vanderbilt And Other Big Execs Have In Common

4 years 8 months ago

The odds of running a $1 billion business are slim to none.

Unless you’re Elon Musk. Then you run a few.

The CEO of Tesla Inc (NASDAQ: TSLA), SpaceX and the Boring Co. is now known to head two firms that are both valued north of $25 billion.

With Tesla’s $46-billion market cap and SpaceX’s estimated worth of about $28 billion, Musk is working to cement his fortune and legacy as this century’s Cornelius Vanderbilt.

A Solid Investment

Interestingly, Vanderbilt also made his money in diverse transportation ventures. The shipping and railroad tycoon, together with railroad magnate Andrew Carnegie, proved the industry to be historically lucrative.

The market continues to testify to transportation’s profitability.

SPDR S Tr/S&P TRANSN ETF (NYSE: XTN) trades up 150.5 percent from its 2011 debut price, and iShares Dow Jones Transport. Avg. (ETF) (BATS: IYT) is up 141 percent from its 2003 offering.

A Common Interest

Musk’s contemporaries have transportation assets of their own.

Jeff Bezos, CEO of Amazon.com, Inc. (NASDAQ: AMZN) and owner of The Washington Post, founded Blue Origin for commercial space travel and is an Uber investor. 

Berkshire Hathaway Inc. Class A (NYSE: BRK-A) (NYSE: BRK-B) CEO Warren Buffett counts BNSF Railway, Berkshire Hathaway Automotive and Precision Castparts, an aerospace parts producer, in his portfolio.

Richard Branson, who formerly owned Virgin Atlantic and Virgin Mobile, founded space travel company Virgin Galactic and rail company Virgin Trains. He also invested in Hyperloop One.

Microsoft Corporation (NASDAQ: MSFT) cofounder Paul Allen launched Stratolaunch and funds SpaceShipOne for commercial space travel.

Related Links:

Master Of All Trades: Every Industry Jeff Bezos Has A Hand In

6 Things Elon Musk Is Working On Other Than Tesla

Photo by Maurizio Pesce via Wikimedia. 

Original publication: May 26, 2018

© 2022 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

Get insight into trading platforms. Compare the best online stock brokerages.

Checked
24 minutes 41 seconds ago
This feed is responsible for generating the rss feed related to the topic AMZN
Subscribe to Nasdaq AMZN Amazon feed