Premium: Amazon shoots the lights out, stock jumps 14% in post-market trade

When we launched the $10,000 BizNews Shyft portfolio in December, a disappointment was being unable to include all-time favourite counter Amazon.com. At over $3,000 each, adding a single share would simply have required too high a weighting..Although it's not entirely absent – Amazon is 6.65% of the QQQ ETF which is 35% of the BN Shyft portfolio – we'd dearly loved to have owned a stake similar to the 21% in the long-standing BizNews Webtrader portfolio. Even more so after last night's cracking quarterly results from Jeff Bezos's creation..As you will read in the piece below from our partners at The Wall Street Journal, Amazon's numbers surprised pundits, its share price jumping 14% after-hours in the wake of a 7% pre-results decline. Among forgotten facts was the huge strides Amazon has taken in securing its global supply chain (see video above) through decisions like investing in its own fleet of container ships..___STEADY_PAYWALL___.We bought into the Amazon story in December 2014 when the shares were $328 each. Despite the temptation to take profits, we have followed the Warren Buffett principle of applying an average holding period of "forever". Wise old owl that Oracle of Omaha..More for you to read today:.The Lockdown Catastrophe. Where are the public health benefits to justify Covid-era shutdowns and spending?Meta's Investors Get a Reality Check. Meta's fourth quarter results show Facebook as we knew it may really be over. But what if that isn't such a bad thing?End the Covid Panic Now. Biden should declare the pandemic is over, so Americans can return to normal lives. (Also, see video below)..NB FOR YOUR WALL STREET JOURNAL ACCESS….As a Premium subscriber you are entitled to full membership of wsj.com (normal price $29 a month). Be sure to action your access through the Premium link on the BizNews website. Because of The Wall Street Journal's credential requirements, be sure to create a password which has at least 8 characters and includes at least one letter and one number – NB it MAY NOT contain any special characters (ie #, !, @ etc). To maintain access to WSJ.com, you MUST enter our partner's website via BizNews Premium at least once a month. A final PS, if you had previously signed up for WSJ you'll need to clear the cookies from your device. Our help desk can assist – support@biznews.com..If you'd like to help sustain our independent voice, why not share the love by making a gift that keeps giving? Click here to access the BizNews Premium subscription signup form, and be sure tick the relevant box. At R100 a month and inclusive of full membership of The Wall Street Journal, it's a mind-expanding gift at an incredibly modest price.

Premium: Amazon shoots the lights out, stock jumps 14% in post-market trade

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