A Bull Market Is Coming: 4 Reasons to Buy Amazon Stock Right Now
The Nasdaq Composite nosedived into a bear market more than a year ago, taking good stocks like Amazon (NASDAQ: AMZN) down with it. The drawdown was caused by recession fears surrounding high inflation and rising interest rates, but there is a silver lining for patient investors. Amazon is well positioned to rebound when economic conditions improve and the next bull market roars to life.
Here are four reasons this FAANG stock is worth buying now.
Brand Finance recognized Amazon as the most valuable brand in the world in 2023. That distinction highlights the tremendous popularity its marketplace enjoys among consumers. Indeed, Amazon draws more visitors each month than any other digital shopping destination, and it accounted for 38% of online retail sales in North America and Western Europe last year. Its Prime membership program creates even more value for consumers, and its massive logistics network adds value for merchants, accelerating the network effects inherent to its business model.
Source Fool.com
