A Bull Market Is Coming: 2 Outperforming Stocks to Buy in 2023
Innovation and business ingenuity are powerful wealth-creating forces that you don't want to miss out on. The stock market has been riddled with numerous ups and downs over its history, and while that causes a lot of stress and worry for retirement savers, the long-term growth of a business is all that matters.
Amazon (NASDAQ: AMZN) and Advanced Micro Devices (NASDAQ: AMD) are two growing companies that are soundly beating the market in 2023. Amazon is already up 23%, while Advanced Micro Devices is up 32%. Here's why investors shouldn't hesitate to take advantage of these long-term compounding machines before the eventual bull market gets underway.
Online shopping has come a long way over the last 20 years, but it still makes up a small amount of total retail spending in the U.S. Morgan Stanley expects physical store closures and the desire for convenience to push e-commerce spending to 31% of retail sales by 2026, up from 23% today. With a growing base of over 200 million Prime members, this is a big opportunity for Amazon's retail business.
Source Fool.com
