A Bull Market Could Be Here: 3 Reasons to Buy Amazon Stock
The S&P 500 Index has climbed more than 20% from its bear market low, prompting many to call a bull market. This may be a bit premature, because generally, the index also must reach a new high in order to usher in this new growth phase. But it's clear we're getting very close to the next bull market, and that means it's a great time to buy stocks that may benefit the most.
One of those players is Amazon (NASDAQ: AMZN). The stock already has started to show some spark, advancing in the double digits since the start of the year. But it still has plenty of room to run, especially in a market environment that favors growth stocks. Let's check out three reasons to buy shares of this market giant.
Amazon is a leader in the high-growth markets of e-commerce and cloud computing. Both are set to grow in the double digits throughout this decade, and Amazon is well positioned to benefit.
Source Fool.com
