With the S 500 and the Nasdaq Composite up 15% and 31%, respectively, in 2023, investors might find it challenging to identify good buying opportunities in the market today. But the good news is there are still compelling stocks to add to your portfolio. 

Even some of the largest companies remain well off their all-time highs. E-commerce and cloud-computing heavyweight Amazon (NASDAQ: AMZN), for instance, is down about 30% from its peak price of $186.12, which was set in July 2021. 

Despite its recent challenges, here's why Amazon is one top stock to buy right now. 

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Source Fool.com