Amazon Is Magnificent, but Is This E-Commerce Stock a No-Brainer Buy on the Dip?
Thanks to its monumental rise over the past couple of decades, Amazon (NASDAQ: AMZN) has become one of the world's most valuable enterprises. It carries a market cap of $1.9 trillion today. Early investors have probably gotten wealthy beyond their wildest dreams, as shares have skyrocketed 5,470% in the last 25 years.
Amazon is certainly a magnificent stock. But is this other e-commerce business a smart buy on the dip?
Nearly 40% of spending that happens online in this country goes through Amazon. That jaw-dropping statistic might not be surprising when you consider that this business has been a leader in the e-commerce space ever since its founding in 1994. These days, consumers can find virtually every item they want on the marketplace, which had 3.2 billion visitors in April.
Source Fool.com
