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Amazon Must Blow the Doors Off

Stock quotes in this article: AMZN , GOOG , AAPL  

Can Amazon.com(AMZN Quote) continue to amaze?

When it comes to red hot tech stocks, forget about Google(GOOG Quote) and Apple(APPL Quote). Shares of Amazon are up about 130% this year, with the bulk of those gains following the company's first-quarter earnings report in April.

But given its steep valuation -- the stock trades at almost 60 times forward earnings -- its ability to again move ahead of the broader Nasdaq index during the past three months has been equally impressive. ...

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