This in turn is aiding growth of digitalization in the sector. Further, blockchain technology has become mainstream with growing proliferation of blockchain platforms which aids in enhancement of data quality. Apart from this, the e-commerce giant is reportedly planning for a price comparison site in the U.K. for insurance products. In fact, the company is already in talks with European insurance companies in a bid to bring their products on its platform.
In the first-quarter 2019, AWS revenues accounted for 13% of total sales and increased 41.4% year over year. Zacks Rank & Stocks to Consider Currently, Amazon carries a Zacks Rank #3 . Some better-ranked stock in the broader technology sector that can be considered is Rosetta Stone RST, PayPal Holdings, Inc. PYPL and Nuance Communications, Inc. NUAN. You can see the complete list of today’s Zacks #1 Rank stocks here .
Long-term earnings growth rate for Rosetta Stone, PayPal and Nuance Communications is pegged at 12.5%, 17.91% and 5%, respectively. The Hottest Tech Mega-Trend of All Last year, it generated $8 billion in global revenues. By 2020, it’s predicted to blast through the roof to $47 billion. Famed investor Mark Cuban says it will produce «the world’s first trillionaires,» but that should still leave plenty of money for regular investors who make the right trades early.
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