2 Reasons to Buy Amazon Stock Now
Tech giant Amazon (NASDAQ: AMZN) has generated a slew of headlines over the past few months thanks to its just-completed stock split. Although this move garnered a lot attention, stock splits do not fundamentally change the value of a company.
True, individual shares of Amazon are now more affordable, especially to those without access to trading platforms that offer fractional shares. But does the more accessible price alone make Amazon a buy? Let's take a closer look and investigate two reasons to consider the company apart from its recent stock split.
Amazon is perhaps best known for its e-commerce business. The company's website remains one of the most visited worldwide. But Amazon's operations go far beyond e-commerce. The tech giant has a hand in many other industries. Amazon Music is a popular audio-streaming platform, and Prime Video is a big player in the video-streaming space. It also owns Whole Foods, a major grocery chain. Perhaps most notable is the company's cloud computing business, Amazon Web Services (AWS), which is booming in every sense of the word.
Source Fool.com
