2 Reasons to Buy the Dip on Amazon Stock in 2023
Down 35% over the last 12 months, the stock of Amazon (NASDAQ: AMZN) has been a roller coaster ride for investors. Shares in the global e-commerce platform briefly recovered in 2023 before losing significant value after weaker-than-expected earnings.
That said, Amazon's long-term thesis remains strong, and now could be an excellent time to buy the stock on the dip. Here are two reasons.
While it is too early to call the end of the Nasdaq bear market, there seems to be light at the end of the tunnel. While interest rates are currently high, inflation is failing. This could encourage the Federal Reserve to ease off its restrictive monetary policy without tipping the U.S. economy into recession -- a scenario often called a "soft landing."
Source Fool.com
