2 Genius Reasons to Buy Amazon Stock Today
Amazon (NASDAQ: AMZN) reported better-than-expected second-quarter earnings on July 28, beating multiple forecasts set by Wall Street. The company's shares soared 24% from July 26 to Aug. 18 as bullish investors put their faith in it.
However, Amazon's stock still has room for growth, with two of its recent acquisitions looking especially promising.
Amazon went on an acquisition spree between July and August, with its first purchase being subscription-based healthcare company 1Life Healthcare (NASDAQ: ONEM), known as One Medical, for approximately $3.9 billion. The buyout will see Amazon venture into healthcare, an industry the company has been eyeing for some time. The acquisition might be a match made in heaven, considering One Medical's mission and Amazon's unique resources, which will undoubtedly boost the company.
Source Fool.com
