With the S 500 and the Nasdaq Composite indexes up by 15% and 29%, respectively, in 2023 (as of Aug. 22), investors might assume that there aren't many attractively valued buying opportunities out there right now. But that's definitely not the case -- even some of the largest businesses are still on sale. 

Take Amazon (NASDAQ: AMZN), whose shares are up 60% this year, handily beating the overall market. Despite that strong performance, they remain 28% off the all-time high they hit in 2021. Moreover, this FAANG company has many favorable qualities that investors should appreciate. 

With that being said, here are three must-know reasons that help explain why Amazon is a no-brainer stock to buy right now with $100.

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Source Fool.com