Amazon Stock: Buy, Sell, or Hold Going Into 2021?
Following an enormous run-up in Amazon.com's (NASDAQ: AMZN) stock price during the first seven months of the year, shares have failed to gain any meaningful momentum since then. The stock is currently at the same level it was on Aug. 1, 2020. Does the stock's underwhelming performance in recent months give investors a buying opportunity as we head into a year that may benefit from a reaccelerating U.S. economy as vaccines potentially begin suppressing COVID-19?
To answer this question, let's take a look at Amazon's business momentum and the growth stock's valuation.
Amazon fulfillment center. Image source: Amazon.com.
Source Fool.com
