A Bull Market Is Coming: 1 Magnificent Growth Stock Down 45% to Buy Now
With the market off to a positive start to 2023, investors are probably looking for new stocks to add to their portfolios in hopes of riding the momentum. And it's always a good idea to search the investable landscape for new ideas. You never know when a high-quality compounder might be selling at an attractive valuation.
Speaking of a compounder stock, there's one on sale that investors should be eyeing closely. Amazon's (NASDAQ: AMZN) market cap is down 45% from its all-time high to $1.05 trillion. Here's why the tech giant is a magnificent stock to buy now.
In the wake of that deep price slide, Amazon shares are trading hands at a price-to-sales ratio of just over 2. This is substantially cheaper than its five-year average ratio of 3.6, and near the cheapest the stock has been during that time.
Source Fool.com
