Putting Amazon's Amazing $60 Billion Earnings Move Into Perspective

A 13.2-percent gain in a single day is a sizable move for a company of any market cap. For a company with a $500 billion market cap, it’s almost unbelievable.

Yet there are plenty of things about Amazon.com, Inc. AMZN that are unbelievable, so maybe the fact that it added $62 billion in market cap in a single day on Oct. 27 after a big third-quarter earnings beat shouldn’t surprise anyone.

It’s hard to put a one-day move like that into perspective, but here’s a few ways to try to wrap your head around Amazon and its incredible earnings pop.

Rare Company

To start off, with a market cap of $535 billion, Amazon is one of only a handful of public companies in the world with market caps of half a trillion dollars or larger. The title of world largest public company still goes to Apple Inc. AAPL, but here’s a rundown of Amazon’s other competition:

• 1. Apple: $861 billion market cap.
  2. Alphabet Inc GOOG GOOGL: $712 billion market cap.
  3. Microsoft Corporation MSFT: $647 billion market cap.
  4. Amazon: $535 billion market cap.
  5. Facebook Inc FB: $522 billion market cap.

Mega Move

Not only is Amazon’s size impressive, its $62 billion one-day increase in value is also mind-blowing. In fact, Amazon’s increase in value is roughly equal to the entire market cap of some major companies:

• ConocoPhillips COP: $62 billion market cap.
• General Motors Company GM: $62 billion market cap.
• Colgate-Palmolive Company CL: $61 billion market cap.
• FedEx Corporation FDX: $60 billion market cap.
• Charles Schwab Corp SCHW: $60 billion market cap.

What Could A Share Of Amazon Buy?

One final way to appreciate Amazon stock’s impressive run is to look at the value of a single share of the stock, which is now above $1,100 per share. Here’s a look at some of the other things $1,100 could buy:

• A 64 GB iPhone X: $999.
• A Royal Caribbean Cruises Ltd RCL cruise from the Gulf Coast to the Bahamas: $1,000.
• A LG Electronics 60-Inch 4K Ultra HD Smart LED TV: $1,000.
• Tickets to a private fundraiser dinner with Donald Trump: $1,000.
• A one-year subscription to Benzinga Pro: $960.

Related Link: What Wall Street Analysts Think About Amazon's Post-Earnings Prospects

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Image Credit: Takashi Hososhima from Tokyo, Japan - A night for two, CC BY-SA 2.0, via Wikimedia Commons