3 Reasons to Buy Amazon Stock Like There's No Tomorrow
With the S&P 500 up 16% this year, investors are growing enthusiastic about the stock market again. We're still technically in a bear market according to many opinions, but many stocks have been skyrocketing.
We may not enter a strong bull market until high inflation subsides and the Federal Reserve lowers interest rates. The economy is still dealing with some turmoil, and companies are balancing growth ventures and efficiency. Many of last year's worst performers have made the necessary adjustments to the current situation and are now working back up from a place of strength.
Amazon (NASDAQ: AMZN) was highly impacted by changing economic trends last year, and its stock slumped 50%, much worse than the market's nearly 20% drop. But it's far outdoing the market so far in 2023, up 65% year to date. Let's see what investors are excited about and why now is a great time to buy Amazon stock.
Source Fool.com
