Amazon (NASDAQ: AMZN) and (NASDAQ: AAPL) are two of the most closely followed stocks, and among the world's five most valuable companies by market cap. These tech giants rule their respective industries, with one dominating e-commerce and the other leading consumer tech. As a result, their stocks still have much to offer new investors over the long term and could be some of the smartest buys right now.
Macroeconomic headwinds over the last two years have challenged countless companies. Reductions in consumer discretionary spending led to steep declines in Amazon's retail profits in 2022. Meanwhile, Apple has experienced repeated dips in product revenue. However, economic hurdles won't last forever, and these companies are well positioned to profit substantially from a market recovery.
So, let's examine whether Amazon or Apple is the better buy this month.
Source Fool.com