3 Things About Amazon That Smart Investors Know
Wall Street is warming up to Amazon (NASDAQ: AMZN) stock again. The e-commerce giant's shares are trouncing the 11% returns of the S&P 500 this year after sliding last year amidst investor apprehension. Now that the market seems less fearful of a possible recession on the way, investors have turned excited about Amazon again -- and especially its expanding cloud services segment.
Let's take a look at some important but less appreciated factors about this massive business that make it an attractive stock to consider having in your portfolio.
Amazon maintains one of the world's largest e-commerce platforms, complete with a fulfillment network that puts most consumers within about a day of delivery of millions of products. This part of the business is going through a tough growth hangover following pandemic-related gains. Product sales were roughly flat in the first quarter at $57 billion.
Source Fool.com
