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Why Amazon.com, Inc. (AMZN), Crocs, Inc. (CROX) and Sodastream International Ltd (SODA) Are 3 of Today’s Best Stocks

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It feels like it has been a while since the following could be said, but today was a stellar day for equities, as all three major U.S. benchmarks raced higher by more than 1%. The S&P 500 jumped 1.25%, while the Dow Jones Industrial Average and Nasdaq Composite each added 1.26%.

Risk appetite was renewed Tuesday, at least for one day, as safe havens like the yen fell, while commodities and emerging markets rallied.

On what was a banner day for stocks, Amazon.com, Inc. (NASDAQ: AMZN ), Crocs, Inc. (NASDAQ: CROX ) and Sodastream International Ltd (NASDAQ: SODA ) were legitimate standouts.

Amazon.com, Inc. (AMZN)

Shares of e-commerce giant Amazon.com rose 3.4% and touched an all-time high earlier Tuesday, spurring speculation AMZN could race to $1,000 a share and that a stock split could be in the offing. AMZN closed with a market value of around $330 billion Tuesday.

In a note out Tuesday, Bernstein boosted its price target on AMZN to $1,000 from $770, implying significant upside from today's close. The research firm has the highest AMZN price target of any on Wall Street.

AMZN also unveiled Amazon Video Direct, a competing platform to YouTube.

Crocs, Inc. (CROX)

Shares of footwear maker Crocs surged 32.7% on volume that was more than 11 times the daily average. The boost came after the company reported a first-quarter profit that topped analysts' estimates; a year earlier, CROX posted a loss.

CROX said it earned 7 cents a share in the first quarter. Analysts expected CROX to earn 5 cents. Similarly, CROX reported sales of $279.1 million, beating the estimate of $265.9 million.

However, CROX forecast revenue of $340 million to $350 million for the current quarter, which is below the $353.6 million analysts are expecting.

Sodastream International Ltd (SODA)

Last but not least, shares of in-home beverage maker Sodastream soared 23.7% on more than 25 times the average daily turnover.

The increase came after the Israeli company said it earned 29 cents a share on sales of $100.9 million in the first quarter, compared to the 11 cents per share and $89 million in revenue analysts were expecting. Notably, the rise put SODA stock up nearly 12% year-to-date.

At the time of this writing, Todd Shriber did not own any of the aforementioned securities.

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The post Why Amazon.com, Inc. (AMZN), Crocs, Inc. (CROX) and Sodastream International Ltd (SODA) Are 3 of Today's Best Stocks appeared first on InvestorPlace .

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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