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Amazon stock could reach $1,000 in 2018

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Amazon hits record: Too late to buy?  

Amazon is a must-own stock for long-term investors, expert Robert Luna said Friday. In fact, he’s predicting it will probably reach $1,000 a share in 2018.

The e-commerce giany hit a new high Friday, closing at $805.75 a share. In May, Luna had predicted Amazon would hit $800 by the end of the year.

“It’s not a new story but they’re still growing revenues by 30 percent. They’re growing active users by 20 percent,” the CEO and chief investment officer of SureVest Wealth Management told CNBC’s “Closing Bell.”

“Eventually all retail in one way or another is going to be flowing through Amazon. This is a company that’s reinvented the marketplace.” – READ MORE

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