If you subscribe to the "buy low, sell high" investing strategy, Amazon (NASDAQ: AMZN) might not interest you. Shares of the e-commerce and cloud-hosting giant have skyrocketed over 50% so far this year.

However, Amazon looks like a great pick for investors who don't mind buying high and selling (years in the future) at a much higher price. Here are three reasons why buying Amazon stock now could be a brilliant move.

Stock prices tend to follow the trajectory of earnings, and Amazon's earnings are likely to increase in the near future. Retail operating margins have already improved. Amazon's operating cash flow for the trailing 12 months ending March 31, 2023 soared 38% year over year. These trends are the result of cost-cutting by the company.

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Source Fool.com