1 Growth Stock Down 13% to Buy Right Now
There's no denying Amazon (NASDAQ: AMZN) is on the defensive right now. Ditto for the stock. Spurred by the Federal Trade Commission's recently announced antitrust lawsuit levied against the e-commerce giant, Amazon shares are down 13% just since the middle of last month. This pullback undermines a budding effort to recover last year's steep losses. Thanks to this fresh setback, Amazon stock is now 33% below its late-2021 peak and is seemingly testing the waters of even-lower lows.
If you're a long-term investor who can take a step back and look at the bigger picture, though, this dip is a buying opportunity. Three specific factors solidify the bullish argument for Amazon stock.
Yes, the FTC's lawsuit is a legitimate concern. Whether Amazon is monopolistic in the legal sense of the word, it's certainly big enough to look like one. That may be enough to sway opinion against the company inside a courtroom.
Source Fool.com
